VP, Corporate Credit

The bank is organized along the three lines of defense operating model. Group Credit is part of the control function in the second line of defense. The Senior Credit Underwriter (SCU) reports to the Group Head of Wholesale Banking Credit. Within the Credit Analyst/Underwriter function the individual jobs will comprise different aspects and percentages of the following broad categories.

• Risk related project management – 15%
• Development – 15%

The job responsibilities within these broad categories are described in more detail below. Principal Responsibilities, Accountabilities and Deliverables of Role:

• Risk Related project management – 15%
• Development – 15%

The SCU supports the first line of defense across a number of geographies either as a principle or secondary point of contact. The SCU is to work across all types of transaction including sovereign, corporate and financial institutions. The SCU is to provide support in terms of interpretation of the Group Credit Policy its related Standards and Procedures. The SCU is available for consultation on Credit Application Forms (CAF) as to whether the CAF is adequate in terms of its explanation and mitigation of the risks associated with the transaction under discussion. On submission of the CAF the SCU ensures that it is in compliance with group policies and requirements. Comments on any deficiencies and indicates a level of support, be it positive, negative or conditional for the submission. On a sample basis (minimum of 10%) the SCU ensures that spreadsheets have been compiled correctly, covenants have been complied with and any additional conditionality delivered. The SCU is to ensure that any documentation outstanding on the OOO (Out of Order) report is covered in the CAF and reasons provided to mitigate any potential risk. The SCU is to monitor developments in the countries he/she covers. There is an expectation of travel to the countries on an annual basis with such visits informing the annual review of the bank’s exposure in that country. The SCU is to monitor the completeness of the annual reviews from a country and ensure that they are delivered on a timely basis. From time to time the SCU will be required to deliver reports on sectors within a country or assist in the compilation of a wider report across many jurisdictions. As part of the portfolio management process the SCU must identify any relationships or sectors that could result in elevated credit risk or non-repayment of the borrower’s obligations. All such names must appear on the report – Accounts Requiring Close Monitoring before being downgraded to a Risk Rating 8. Regular review of corporate portfolio and preparation of presentations for senior management committees/GCC. Risk related projects can comprise a number of items from a single item; such as a report amendment adding to the efficiency or effectiveness of the department, to providing input on a multi-million dollar transformational project. In either instance the SCU is to provide assistance and support as part of the general day to day business. The SCU is be expected to record his contribution to projects for evaluation as part of the career management process. SCU must ensure that they are receiving appropriate training from either internal or external sources. The SCU must attend at least one course per annum from an external provider and take regular internal seminars or presentations from subject matter experts Job Context (Circumstances & environment surrounding the job): The job holder is expected:

• Recognise the need to balance risk-prudence with actual market-practices/pressures and support growth of a sustainable well managed risk portfolio.
• Understand risk strategy and appetite documents.
• Monitor and analyse bank’s different credit portfolios including FI and Corporate names.
• Demonstrate compliance with the bank’s policies, standards and procedures.
• Awareness of regulatory requirements in DIFC, Bahrain and beyond.

Job Requirements Knowledge

• Good knowledge of vanilla credit product risks and key aspects of legal documentation.
• Good knowledge of corporate and bank balance sheet analysis techniques

Education / Certifications

• Degree with an element of finance or equivalent,
• Institute of Bankers associate or equivalent

Experience

• At least 10 to 15 years preferably with an international bank demonstrating some mobility

Personal attributes

• Work as team member, good communication and presentation skills, accountability, transparent and open

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