Lead Credit Documentation Specialist
5 days ago
We are looking for an experienced AVP CAD KSA to join our team and contribute to the success of our CIB, Consumer & Private Banking business.
Key Responsibilities- Manage the review of documentation, credit control, and MIS related activities for CIB, Consumer & Private Banking business post credit sanctions/approvals in KSA.
- Maintain credit facility files with relevant documents received from Coverage teams, scanning facility documentation before recording them in the vault for safe custody.
- Review standard & non-standard documentation, Syndicated Agreements, Facility Offer Letters, Security related documents, Internal & External legal opinions and other condition precedent documents, etc. in compliance with sanctioned credit approvals.
- Ensure all security/support documents have been properly executed, signatures verified, and authenticities of signatories supported by resolution/POA.
- Coordinate with CAD-International team in Head Office/Product Specialists/Coverage and Credit Teams as needed to complete the documentation process/limit release in the Bank's Systems.
- Ensure approval from relevant authorities held for deferrals/waiver of any incomplete documents.
- Ensure rectification of existing discrepancies/deficiencies (if any) in documentation.
- Review documentation deficiency reports and follow up for timely submission/renewal.
- Lodge documents and update collateral data in the Bank's system.
- Verify and confirm periodically at renewal/review of credit limits that all required security/support documents are physically held in safe custody and periodic clean-up of old and obsolete facility/security documents upon settlement.
- Review/approve requested permanent releases of collaterals, security documentation, and ensure no liabilities or outstanding facilities canceled from the system.
- Bachelor's Degree in Finance, Accounting, Economics, Commerce, or relevant discipline.
- Minimum 7-8 years with at least 5 years' experience in Credit Admin function and legal documentation within a Financial Institution, preferably with International experience across multinational banks, extensive experience, and involvement in credit approval processes.
- Innovative, strategic thinking, and analytical skills.
- High integrity and business ethics.
- Solid experience and knowledge in Credit Admin Functions and legal documentation.
- In-depth knowledge of Banking sector, client's sectors, industries, and market trends.
- Very good knowledge of Banking Products/Corporate Credit Administration functions.
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