Manager Retail Credit Policy Full-time Job

2 weeks ago   Retail   Dubai   38 views Reference: 34128
Job Details

Key Responsibilities:

Managing the development & amendment of retail credit policies in order to optimize the risk-reward equation i.e., maintaining predictable and acceptable credit losses and delinquency trends without stifling business momentum and growth.

Support business in maintaining product wise losses within the plans through effective policies.

Policy changes implemented & communicated in timely manner.

Approval of pre-approved / ACLI lists in timely manner.

Comparison Report for Group policies rollouts against EIB policies to identify area of differences and provide recommendation on any policy alignment/changes

Liaise with Group Retail Policy Team on alignment of policy rules as part of Credit Decision Framework for rule automation and Straight Through Process (STP)

Work closely with decision management unit to program product policies in the system

Work closely with multiple stakeholders including IT and project team to increase STP rate.

Ensure appropriate testing through test scenarios and review UAT results to ensure correct implementation

Policy Manuals are updated & approved in timely manner and document is uploaded on intranet for staff reference.

All related NPPAs/PFDs are reviewed, and feedback shared for RCP Head approval on NPPA system.

Support business in maintaining product wise losses within the plans through effective policies.

Ensure adherence to all CB UAE Laws and other regulatory laws.

Product performance MIS are reviewed in timely and effective manner.

Identify area of opportunity or risk

All documentations / policy changes are filed in proper and effective manner.

Ready Reckoner is updated in timely manner and uploaded on SIM online.

TML (Employer approved list) is updated/maintained in timely and effective manner and uploaded on intranet

Ensure regular tracking and risk management of self-construction UAE National portfolio to ensure any emerging risks are highlighted and actions ensured to protect the banks interests.

Policy changes implemented & communicated in timely manner

Work with multifunctional units to prepare and approve a process note for implementation including Sharia aspects.

Conduct training sessions with units involved to ensure correct implementation

Closely monitor portfolio size and performance

Departmental self-assessment is prepared & approved in timely manner

Satisfactory Audit Rating

Quality bookings & consistency of application

All policy related communications & roll-out memos are documented, approved at appropriate approval levels and are filed in a proper manner

Enhance first time approval rate

Ensure risk requirements are reviewed and addressed sufficiently in new core system implementation be it finance management system, finance origination systems or others.

Provide specification requirements for risk-related system functionalities.

Review SSD’s and provide inputs necessary from risk perspective. Ensure any missing requirements are highlighted and submitted for program board approvals.

Provide support on test scenarios for risk related functionalities and ensure correct UAT.

Ensure requirements for all risk related areas such as data-warehouse, other modules, provisioning etc are addressed appropriately.

Qualification & Experience

Graduate of Finance, Banking, Business Administration or equivalent

Post-Graduate in above areas

Previous experience within Retail Credit Function or Product Management in banking / financial services

Excellent awareness of Credit Risk Management best practices for Retail Banking

Excellent analytical skills and deductive approach for Credit MIS analysis

Good understanding of association and local regulatory environment

In-depth awareness of local market dynamics, product and competition information

Knowledge of credit and financial analysis

Strong computer (especially MS Office) skills

Excellent knowledge of working on SAS

Company Description
Emirates Islamic was launched in 2004 to deliver the highest standards of banking services in line with the highest standards of Shari'a principles. Offering a broad range of products designed for individuals and small businesses as well as large corporations, Emirates Islamic is the right choice for those looking for excellence in managing their finances.
Emirates Islamic Bank (P.J.S.C.) is licensed by the Central Bank of the UAE.