Head of CB CAD - Elite & Private Banking

Job Description

Job Purpose GeneralThis role covers will lead and manage the Credit Administration suite for Elite (Wealth) and Private Banking under the Department. The activities include but not limited to strategic and leadership responsibility for the Unit and management of all credit administration functions/activities as defined by respective business EPB Credit Policy. In addition, the role will be responsible for managing and leading transformational initiatives for Wealth Management and provide the Credit Administration for Wealth and Private Banking SingaporeMandateTo structure and develop a scalable and strategic Wealth and Private Banking CAD Model and build a team that supports the business portfolio under coverage. This includes developing a departmental strategic plan and executing such, leading and managing credit administration teams in multiple locations. The role requires day-to-day oversight and leadership of multiple teams performing core CAD activities such as documentation, credit and limit control for investments and all other post disbursal activities. This also include managing CBUAE reporting requirements and IFRS 9 reportingInternational Team SupportThe role is responsible for servicing also the wealth business of FAB SingaporeBusiness ManagementAs the nature of the business, the role requires an above average skills on managing stakeholders and acting on urgent transactions. Key clients to be managed are Elite, Private Banking and Key Client Group. This means that the role require a seasoned approach to ensure that appropriate service is provided to our important customer setsKey AccountabilitiesStrategic Contribution

• Ensure effective cascading of the functional strategy into department business plans to ensure vertical alignment and horizontal integration with other interfacing departmental strategies across consumer, commercial and private banking portfolio, UAE and Internationally.

People Management

• Manage the effective achievement of assigned objectives through the leadership of the CAD Department by setting of individual objectives, managing performance, developing and motivating staff to maximize sectional performance.
• Lead the talent development initiatives for the assigned department, collaborating with technical/discipline experts and thereby ensure the availability of talent to fit business requirements.
• Act as a role model and drive adherence to organizational values and ethics by employees of the assigned department to foster a value driven culture within the Group.
• Develop UAE National Talents as part of staff development.

Budgeting and Financial Planning

• Manage the preparation and recommend the department budget and monitor financial performance versus the budget while ensuring all sectional activities are conducted in line with the approved guidelines.

Policies, Systems, Processes & Procedures

• Develop policies, process and procedures for Consumer, Commercial and Private Banking CAD activities and ensure their implementation within the Department.
• Manage and ensure effective implementation of CAD functional policies, procedures and controls covering all areas of assigned department activity so that all relevant procedural/legislative requirements, fulfilled while delivering a quality, cost-effective service.
• Develop and implement a governance framework within CAD including working together with Operational Risks to develop RCSA, Risk Event Reporting and control enhancements.
• Identify system requirements both for enhancement and maintenance of current systems. This includes identification and minimizing manual process in the department.

CAD Management

• Contribute to the development, maintenance, and improvement of Credit Administration framework and operating model. By doing such, the role shall drive and manage limits/tolerances in line with the banks overall risk while ensuring effective implementation of the same in liaison with relevant stakeholders to support effective management of the banks operations within the defined risk levels.
• Drive monitoring of customers portfolios of the assigned sector / category in terms of limits control / management and documentation control and proactively highlighting any areas of non-compliance in order to safeguard the interest of the Bank.
• Oversee the management and monitoring of the processing of new credit applications and collaterals, transaction processing, settlements, clearances and reconciliation in order to ensure effective processing, and service delivery in line with turnaround times and standards.
• Oversee the management of credit control activities, including loading credit limits and applied interest rates, commission, charges and management fees to ensure prudent credit practices and compliance with defined internal and external policies, processes, procedures, and regulations.
• Oversee the process of documentation preparation and vetting by the team to ensure credit documentation and collaterals comply with the banks requirements, legality and validity in order to mitigate the Banks risk.
• Drive to ensure completion of all post approval activities and monitoring them to meet the agreed TAT which includes preparation of offer letter, document checklist, business communication, scrutinizing documentation and disbursement of loans in line with the agreed internal and external guidelines.
• Drive team in all aspects related to credit review and maintenance such as loading and amending details including limits, payments, securities, interest rates etc. in order to ensure compliance.
• Oversee teams monitoring of systems and process to ensure that no losses are incurred due to inadequate and incorrect system / processing.
• Lead and guide the timely identification and reporting of early warning signs of determination and manage the effective follow-up with relevant business counterparts to facilitate adherence to defined risk levels.

CBUAE Reporting and IFRS 9

• Build up collateral management process and procedures that support adequate management and monitoring of Consumer, Commercial and Private Banking Collaterals and ensuring that they are acceptable and ready for IFRS 9 or CB UAE provisioning reporting.
• Ensure collateral files are complete, have controlled access, and are well maintained, in line with the Banks policies and guidelines, and in compliance with terms of approval, highlighting any areas of non-compliance.

Internal Collaboration

• Works in close coordination with key stakeholders from Business and Group Credit for resolution of any queries/ issues related to particular accounts including strategic and transformational initiatives.
• Liaises with the Group Credit and Risk Management Unit for sharing/ collating all relevant information and pertaining to collaterals and security documentation in order to facilitate efficiency in transactions.
• Consulting with Legal Counsel for any legal advice or documentation.

MIS Reporting

• Liaises with key stakeholders from Credit Administration for providing periodic update on status of transactions on the Credit Approval Management System and providing detailed information on any anticipated delays.
• Oversees the preparation of requisite reports (weekly/monthly/quarterly/ad-hoc) and MIS through periodic reviews to ensure accuracy and timeliness in reporting the right information for facilitating informed decision making.

Transformation

• Lead the identification of opportunities for continuous improvement and sustainability of systems, processes and practices considering global standards, productivity improvement and cost reduction.
• Drive transformational change in CAD space both requiring system enhancements or not.
• Drive process simplification as either lead or contributor by applying digital initiatives/automation of manual processes.

Reporting

• Ensure that all department reports are prepared timely and accurately and meet Group requirements, policies and quality standards

Specific Accountability

• IPOs - mainly accountable to manage IPOs issuance via the Consumer and Private Banking Space end to end

Qualifications

• Minimum 10-12 years of relevant experience in Credit Administration (Documentation and Credit Control), Middle Office/Operations/Product Control for Wealth Management or Private Banking and 5 years in leadership/head role managing teams
• Strong knowledge of Loan Documentation, Investment Management (Portfolio and LTV Monitoring) and Limit Management
• Strategic and advance management and organizational and leadership skills
• Strong knowledge of market regulations, business acumen and experience in managing regulatory reports - IFRS 9, CBRB, BRF Reporting
• Bachelors degree in Accountancy or Finance or Related degrees.
• Alternatively, with degree in Law - or have strong legal, operational risk or compliance background.
• Masters degree in Business Administration or related discipline is preferred

Keyskills :

About Company

FAB, the UAE’s largest bank and one of the world’s largest financial institutions offers a an extensive range of tailor-made solutions, and products and services, to provide a customised banking experience. Through its strategic offerings, it looks to meet the banking needs of customers across the world via its market-leading Corporate and Investment Banking and Personal Banking franchises.
Headquartered in Abu Dhabi, in Khalifa Business Park, the bank’s international network spans over 19 countries, across the world, providing the global relationships, expertise and financial strength to support local, regional and international businesses seeking to do business at home and abroad. In line with its commitment to put customers first, to Grow Stronger, FAB will continually invest in people and technology to create the most customer-friendly banking experience and will support the growth ambitions of its stakeholders across the global network in which the bank operates.