ROLE PURPOSE
Work within a senior management structure to formulate revise and implement policies procedure and practices for the Private Banking Credit area that are consistent with the overall strategy and objectives of the bank.
Ensure that credit approvals adhere to policy guidelines monitoring and review is adequate to maintain the portfolio quality and profitability and the overall credit risk within the Bank is at desired levels.
Key Accountabilities:
Private Banking Credit Strategy
- Key role in formulation and implementation of the strategy in line with FABs and the Private Banking objectives.
- Streamline Credit Risk function objectives and departmental organizational structure in line with overall objectives of the Group.
Credit Risk Management
- Manage develop and direct the credit risk function including for all loan types credit analysis assessment & approval review monitoring & control and recovery.
- Provide oversight of an effective credit approval process within the Bank that supports the risk tolerance of the Bank while also facilitating desired asset growth objectives.
- Take credit decisions independently as Head of Credit up to the amount of his delegated financial & nonfinancial authority and serve as a responsible member of Credit Committee. Ensure availability of timely and required information to Credit Committee members (and other credit approvers) for credit decision making.
- Serve as Chairman/senior member of Credit Committee L2 overseeing its activities & ensuring Committee acts and takes credit decisions within its mandated guidelines in an effective manner.
- Develop and maintain mechanisms / Risk rating models / TOAs etc) that allow for accurate identification of risk profiles/ratings in all asset categories.
- Enforce an effective monitoring system to ensure high quality of asset portfolio assist in early identification of problem credits and help identify problem borrowers for early intervention (initiation of recovery actions) by the Bank.
- Ensure credit processing & approval turnaround times as per agreed SLAs with WBG.
- Actively participate in complex/strategic client relationships and provide guidance on due diligence risk assessment risk rating and documentation.
- Guide Private Banking team on ways for optimum utilization of credit facilities by the banking customers without any compromise on credit quality.
- Periodically review & reevaluate the adequacy and effectiveness of Banks credit policies and procedures in credit risk management. Maintain update and recommend amendments to the Banks credit policy procedures Risk Rating models credit memorandums risk criteria etc based on lending experience and market expediencies ensuring it is aligned with overall Banks risk strategy & policy.
- To support performance of Credit Administration function and ensure that credit documentation process & collateral monitoring system is working smoothly and approved facilities are released in time for utilization by the customers. Where possible to review and possible simplify documentation process further in consultation with CAD Head and Head of Legal.
- Support performance of Credit Restructuring Department in identification of potential infection in credit portfolio classification/provisioning etc and recovery measures/actions.
- Membership & active participation in other Committees such as Risk or Banking committees/ projects/initiatives as required by senior management.
Industry and Sector Knowledge
- Keep abreast of the different industries local economy and internationally regulatory changes in the business and global private banking practices trends issues challenges competitor analysis etc. and identify risk factors/impact in order to inform Banks senior management and take the necessary actions.
Internal Collaboration
- Increase collaboration with Business Heads and Product Heads in order to build up strong relationships open communication channels maximize synergies and opportunities.
- Supervise the development of service level targets and direct the coordination with other departments to meet client service expectations.
- Resolve any internal issues raised by the subordinates other departments etc.
Liaison with Regulators/auditors
- Facilitate audit activities & conclude negotiations with examiners/regulators etc on all credit audits matters/data ensuring timely availability of information and prompt response to queries of internal/external auditors and addressing their concerns/observations.
Leadership / People Management
- Manage the effective achievement of the private banking credit objectives through setting individual goals managing teams performance and providing of formal and informal feedback and appraisal in order to maximise subordinates and the overall departmental performance.
- Motivate subordinates and promote highly productive and positive professional work environment by developing staff competencies providing the necessary tools and training and ensuring that staff understand and meet expectations improve their knowledge and credit management skills with delegation of authorities.
- Responsible for interviewing hiring training & coaching employees; planning assigning and directing work; appraising performance; rewarding and disciplining employees; addressing complaints and resolving problems.
- Balance team and individual responsibilities. Exhibit objectivity and openness to others views. Give and welcome feedback to building a positive team spirit. Put success of team above own interests.
- Treat people with respect. Keep commitments. Inspire the trust of others. Work with integrity and ethically and uphold organizational values.
Continuous Improvements
- Support Group Chief Credit Officer in defining an optimum departmental structure assuring that appropriate resources are allocated to Credit management function to effectively meet objectives of the department and are optimally utilised.
- Identify opportunities for continuous improvement of systems processes and practices while taking into account international leading practices improvement of business processes cost reduction and productivity improvement.
- Implement and adhere to the Credit areas annual budget/targets.
MIS
- Review portfolio reports and recommend measures as necessary to ensure the Bank has adequately reserved for the risk inherent in the Banks portfolio.
- Responsible for accurately reporting on the asset quality of the loan portfolio including delinquencies nonaccruals loan concentrations and profitability analyses.
FRAMEWORKS BOUNDARIES & DECISION MAKING AUTHORITY:
- The Head of Credit Private Banking reports to the Group Chief Credit Officer and confers with the latter on critical and strategic issues.
- Exercising full discretion with the delegated authority. Key decisions having significant impact on the department are referred to the Group Chief Credit Officer for approval before implementation.
- The jobholder exercises financial authority as per the level established by FABs management.
COMMUNICATIONS & WORKING RELATIONSHIPS:
Internal:
- Group Chief Credit Officer
- Other Credits Heads (other regions) Team Leaders Credit Approval CAD & CRD.
- Private Banking coverage & Product Teams
- Functional Heads Group Heads GCRO DCEO & GCEO
- Other departments/ subdepartments such as Audit Risk & Compliance Legal HR Strategy COPS & Global Markets etc. as required
External:
- Key Private Banking Clients
- Government Authorities
- Banker Associations
- Banking Groups for Private Banking
- Financial Institutions
- Service Providers
- Central Bank
- External Auditors / Rating agencies
Key performance indicators (kpis):
- Overall Quality of Credit Portfolio (NPLs Ratio TOD/EOL account gradings / risk ratings etc)
- Credit processing & Approval Turnaround times
- Adherence to policies processes and procedures of FGB regulators etc
- Meeting targets on Internal customer satisfaction surveys
Qualifications :
Minimum Qualifications:
- Bachelors Degree in Finance Accounting Economics Commerce or any related discipline with preferably a professional qualification such as Diploma from Chartered Institute of Bankers or a Certified Financial Analyst (CFA)/ACA qualification
- Preferably a Masters Degree in a related area
Minimum Experience:
- Min 20 years with at least 10 years of experience in a leadership role in Credit Risk Management/Lending Function of a Financial Institution preferably international experience across multinational banks extensive experience and involvement in credit approval process at a decision making level and oversight of Special Assets Function and Loan Review.
Knowledge Skills and Attributes:
- Innovative and strategic thinking skills.
- Solid experience and knowledge in credit risk management & risk assessment skills.
- Indepth knowledge of the Banking sector clients sectors industries and market trends Private Banking Consumer Corporate Trade and Investment Banking Treasury products and services.
- Knowledge of FABs products and business strategies.
- Strong decision making skills with sound and accurate judgment ability.
- High integrity and Business ethics.
- Strong leadership and people management skills
- Excellent interpersonal communication & Teamwork skills
- Ability to identify people personalities
- Attention to detail/analytical skills
Remote Work :
No
Employment Type :
Fulltime
Key Skills Bidding,Electrical Installation,Food Technology,Customer Service,Customer Care Service
Experience: years
Vacancy: 1