Purpose and Scope:
The job holder will be responsible to day to day process & control of the Credit Administration functions Ensuring compliance with appropriate approved credit conditions, Bank policies and procedures, Regularity Requirements & guidelines.
The job holder is directly responsible for all the officers in charge of Documentation, Collateral, Posting limits and CBK's reporting as a final checker & approval. In addition to the safe custody and filling process.
Supervising the Pre & Post fact Control functions to protect bank's assets, and ensuring that all credit approval conditions are in place during facilities tenor. And in comply with CBK's regulations, and bank policies and procedures.
Key Responsibilities:
-Review & approve the documents checklist signed by the documents makers, in line with credit approval &conditions, credit policy, procedures and CBK's guidelines prior releasing of limits, and approved the same.
-Review the security analyst study along with security documents and bank approval (memos/ DR’s) and approve the same prior updating the system or taking any action regarding releasing or pledging any collateral.
-Review and approve related documents for foreign banks and Burgan's bank subsidiaries prior singing off and approve setting of limits.
-Review and approve CBK's reports in line with CBK's guidelines, and approve the same prior updating CBK's online system with the credit information.
-Monitor credit information process i.e. review and approve under taken letters / clearance certificates / to whom it may concern letters …etc. issued by the department to the banks/ clients / companies.
-Review all internal reports issued by the department for the purpose of applying control over the Business groups and in line with the credit risk approval & conditions.
-Ensure the integration and completion of necessary documents against credit approval are obtained and including borrower’s financial situation information, collateral values, etc. that all credit approval conditions of security / collateral / documents are in place.
-Verify that all the credit approvals are met in line with the management decisions, bank policy and CBK's guidelines as post fact control.
-Timely coordination’s with the business groups & other departments in the bank in providing information & support and any related / requested reports, in addition to other areas in the bank.
-Supervising portfolios Managers in timely manner and ensure all collateral records, share values, portfolio, Legal assignment of contracts, Guarantee extensions, Real estate evaluations, substitution of collateral and renewals are in line with approval conditions & updated in kernel system.
-Monitoring and Control Countries & banks limits in accordance with Management approval & conditions. In Additions to BB subsidiaries credit limits and related documents.
-Maintain updated knowledge of CBK's rules, regulations / BB Credit Policy procedures and related matters of interest to the department.
-Performs other assignments and duties as instructed by the line manager.
Job Details
| Date Posted: | 2015-03-29 |
| Job Location: | Al Kuwait, Kuwait |
| Job Role: | Management |
| Company Industry: | Banking |
Preferred Candidate
| Career Level: | Management |
| Degree: | Bachelor's degree |
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