We are seeking a Credit Analyst to cover our Local Corporates segment. This role is based in Dubai, UAE and is in our Origination and Client Coverage team within the Wholesale Bank.
To support the establishment, development, and maintenance of the team’s portfolio of corporate customers who require routine, as well as complex structured trade finance and other Corporate Banking services. To generate revenue for the Bank through professional management of corporate relationships under the broad direction of SCB policies, but with the prescribed credit responsibility and accountability.
Two broad purposes:
•Risk Management: preparation of Business Credit Applications (BCAs) and Credit Monitoring and Housekeeping.
• RM / SRM Support: maintain and exercise control over respective RM / SRM portfolios, and provide sales support to their respective RM / SRM
•Prepare Business Credit Applications, which includes the front and operational sheets, financial analysis, risk analysis, industry analysis, odyssey, financial spreads and projections and credit risk grades. BCAs to be prepared for the renewal of facilities extended to current relationships, and to initiate new relationships with prospective countries.
•Monitor and manage risk on an ongoing and proactive basis. This is through the monitoring of risk triggers, covenants / approvals conditions and report any breaches.
•Achieve a sound understanding of the dynamics and risks of the economy and industries in which the clients operate.
•Identify, report and act upon materiel risks proactively and raise Early Alert Reports (EARS) in time to take corrective actions.
•Maintain and exercise control over allotted SRM & RM portfolios to ensure that services to our customers are of the highest standard, while constantly monitoring customer quality in order to minimise the risk of loss to the bank.
•To liase with client to ensure submission of audited financial statements, management accounts, ageing debtors and all other information/documents required.
•Provide RM / SRM support in meeting their sales targets
•Ensure that all administration associated with the team portfolio is done accurately in accordance with laid down procedures and on a timely basis in addition to undertaking regular inspection of assets and documents which represent security for the Bank.
•To act as Bank interface with the client for all telephone enquiries and service related issues.
•To assist in preparing management reports relating to credit approvals, excesses, extensions, earmarking, early alert reports, risk trigger monitoring, covenant breach monitoring, approval conditions, etc. to ensure all controls are complied with at all times.
•Ensure that portfolio review/audit results in good ratings and nothing negative is highlighted in the accounts allocated
•To assist in preparing annual industry studies, if required, in order to improve knowledge within Corporate Banking of specific markets and industries and to ensure we bank the top 50 in the industry.
Complete awareness of Group Operational / Credit Risk policies, as well as local regulatory requirements.
Business or accounting related degree (BBA/ MBA)
• Experience in a corporate banking environment.
• Sound understanding of corporate treasury products, trade finance products, consumer banking products and wealth management products.
• Strong credit appraisal, analytical and marketing skills, with the ability to interpret complex financial information.
• A good understanding of the general, economic, political and business environment of the region.
• Excellent communication (written and verbal) and negotiation skills.
• High quality experience in a credit management position