Vice President - Credit Management & Control, Corporate Banking

Job Description

Job Purpose:

• Prepare high-quality credit proposals within acceptable turnaround time (TAT) which meets Mashreq Banks internal standards.
• Act as mentor to Credit Managers through reviewing credit proposals prepared by them and Perform credit risk assessment in order to facilitate the recommendation process.
• Carry out enhanced due diligence for new to bank clients with focus on onboarding high quality relationships which aligns with Mashreqs credit policies and risk appetite.

Key Result Areas:

Leadership and Management:

• Act as mentor for credit managers to enhance their ability to identify credit risks, structure mitigants, and ensure adherence to Mashreqs credit policies and regulatory requirements.

Credit Analysis and Review:

• Carry an independent due diligence on the proposed transactions and highlight any credit concerns at time of WBD clearance.
• Prepare high quality credit proposals while ensuring compliance with standard credit parameters and banks credit policies.
• Review credit applications of junior team members to ensure high-quality submission within the acceptable TAT.
• Identify transaction risks and recommend appropriate credit enhancements during the relationship approval/onboarding process.
• Highlight policy exceptions, and guidelines and strategy deviations within credit applications and propose suitable risk mitigants in line with the banks risk appetite.

Compliance and Risk Management:

• Ensure full compliance with Mashreqs credit policies, KYC norms, and regulatory requirements, including completion of E-name checks before onboarding.
• Ensure all account opening and CIF creations are processed with proper risk classification.
• Ensure documentation adheres to approved conditions with appropriate internal/external legal sign-offs before limit loading and disbursement.
• Maintain strict adherence to risk and compliance standards, securing necessary approvals for any identified compliance hits and high risk relationships

Client & Stakeholder Engagement:

• Engage with originators, visit key customers, and participate in customer discussions to understand facility structures, terms, and customer requirements.
• Build and maintain strong relationships with WRM and collaborate closely with Originators to support credit transactions.
• Participate in discussions with product partners and coverage to facilitate smooth credit approval processes.
• Collaborate with risk management, Compliance, and Legal teams to address any issues in documentation and resolve outstanding queries.

Audit and Reporting:

• Act as the departments Business Unit Risk Manager (BURM), conducting quarterly Risk and Control Self-Assessments (RCSA) in line with Mashreqs Operational Risk Management (ORM) policy, ensuring that control deficiencies and areas requiring improvement are promptly actioned.
• Maintain thorough records and documentation to ensure readiness for internal audits and compliance checks.
• Handling internal audit and coordinating with Originators and CMC Head to ensure all audit inquiries are addressed and resolved in a timely and accurate manner.

Continuous Improvement:

• Identify opportunities for onboarding process improvements and implement best practices.
• Stay updated with industry trends, regulatory changes, and market conditions.
• Communicate initiatives aimed at improving the efficiency and effectiveness of credit processes across the bank under directive of CMC Head. This includes credit write-up and review process, streamlining documentation standards, and client onboarding procedures to ensure accuracy, consistency, and faster turnaround times

Knowledge, Skills, & Experience:

• Well-developed credit risk analysis and sanctioning skills, with minimum 15 years of Corporate Coverage and/or Credit risk management experience;
• Good knowledge of Mashreq banks capabilities, specifically the full spectrum of CIBG products, services and product offerings;
• Proficiency in credit, marketing, operations, legal, product and balance sheet management is a pre-requisite;
• Sound knowledge of Banks policies and operating systems;
• Good understanding of local regulations, AML and Fraud policies;
• Good knowledge of local market/clients and an understanding of the impact of credit terms and process as part of broader negotiations;
• Strong leadership and management ability with good employee motivation skills;
• Change management and interpersonal skills;
• Good written / verbal communication and presentation skills;
• Planning, time management and resource management skills.