Senior Credit Documentation Officer Commercial Bank of Dubai

Senior Credit Documentation Officer at Commercial Bank of Dubai is responsible for drafting facility documentation as per the approved credit application, perform fit to lend checks, prepare required documents for execution of mortgages & other required collateral registration processes in line with the agreed service standards (SLA’s). Safekeep the signed off facility documentation and required collaterals. As well as, responsible to follow up and clear all the exceptions/deferrals in facility documentation within the stipulated time period.

Responsibilities of Senior Credit Documentation Officer

• Ensure Credit Middle Office policies and procedures of the Bank are strictly followed in line with Bank’s Credit policies and as per relevant guidelines of UAE Central Bank/Government.
• Adhere to UAE laws and regulations regarding all collaterals and the legality of documents used in coordination with the legal department,
• Drafting of facility offer letters/loans agreements in line with the Credit application approved by the required delegation authority and also as per the documentation SOPs for all Wholesale Banking credit facilities including conventional and Islamic Accounts – which will cover NTB /Renewal/Amendment requests. For existing borrowing relationships, validate the existing facility documentation to prepare the required documentation.
• Liaise with Credit to get the required clarification and/or guidance as and when it is required.
• Liaise with Legal to include non-standard conditions in the client facility offer letters as stipulated in the Credit approval.
• Follow the documentation procedures and finalize facility offer letters/ loans documentation, collateral documentation & other required documents by covering all the legal aspects abide by the signed off SLA’s.
• Upon receiving the executed Facility offer letter and other facility documentation, inform Business regarding discrepancies, if any & follow up with Business to get those discrepancies rectified before sending the limits release instructions.

What You’ll Do More?

• Ensure the fit to lend checks are carried out as per the documentation procedure & all collateral documentation including mortgages are executed, CP’s are met etc. as per Credit approval before confirming to the manager for his/her necessary checks. For existing borrowing relationships, review the existing facility documentation & collaterals to make sure all are valid & enforceable as per the laws, regulations, internal policies, and procedures.
• Ensure all deferrals approve by Credit are communicate to CMO limits & collateral management unit (LCMU) for tracking along with the limit release instructions upon getting the manager sign off.
• Also send the required documentation to LUMU to register collaterals and assets under Emirates Movable Collaterals Registry (EMCR) as per the statutory requirement.
• Conduct periodic follow up to make sure those deferrals & deficient documents are clear on timely basis to keep the facility documentation perfected to mitigate credit & legal risk.
• As and when it’s required inform management with the current status along with the action taken.
• Ensure lodgment & safekeeping of executed facility documentation are happening on timely basis.
• Responsible to handle the releasing of original facility documentation and/or processing of mortgage release requests after obtaining approvals from the appropriate sanctioning authority.

Achieve Operational & Control Efficiency by

Requirements of Senior Credit Documentation Officer

• Bachelor’s degree.
• 3 to 5 years of banking experience and 3 years in the Credit administration functions.

Skills and Knowledge Desired

• Good understanding of banking operations, Bank’s policies, procedures, guidelines, statutory requirements, market conditions including systems.
• MS office proficiency especially word, excel, spreadsheets etc.
• Sound knowledge on functioning of Core system and other satellite systems.
• Good command of English language
• Excellent communication skills
• Planning and organizing skills.
• High level of interpersonal skills and negotiating skills.
• Computer literate with strong working knowledge of business software applications, particularly word/excel and spreadsheets.

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