Collateral Risk Analyst

6 days ago


Sharjah, Sharjah, United Arab Emirates Sharjah Islamic Bank Full time

We are seeking an experienced Collateral Risk Analyst to join our team at Sharjah Islamic Bank. As a key member of our Credit Administration department, you will be responsible for ensuring the effective implementation of approved facilities in our core banking system.

Key Responsibilities:
  • Verify credit approval sheets and ensure all terms and conditions are met.
  • Request clarification from senior officers or other departments as needed.
  • Monitor customer positions and limits in the system and ensure all outstanding and available limits are up-to-date.
  • Create secured limits and review setup processes.
  • Review data sequences and codes to ensure accuracy.
  • Autorize limits for treasury FX and investment after receiving confirmation.
  • Authorize overdrafts and secured limits as per credit-approved facilities.
  • Manage multiple project-related limits and authorize separate global limits for each project.
  • Limit authorization for special Modharabah investment accounts and linked collateral.
  • Review conditions required in notes and temporary increase authorized limits.
  • Temporary extension authorization for review dates upon credit/business approval.
  • Handle technical issues related to core banking systems and supervise central bank risk bureau updates.
  • Review and finalize monthly reports for limit expiries, GL accounts reconciliation, and asset pending sales.
  • Review approvals, physical documents, and securities to authorize collateral rights and collaterals.
  • Release securities mortgaging, both permanent and temporary, and update original documents and safe locker systems.
  • Manage physical files of deals and limits in filing rooms and review authorizations for vehicle mortgages.
  • Follow up on requests for collateral and review physical documents from CAD Helpdesk.
  • Update deferrals/waivers in core banking systems and generate settled deals reports.
  • Approve retrieval of files from archives and update customer profiles in core banking systems.
  • Update Central Bank Risk Bureau and reconcile accounts containing CAD transactions.
  • Generate exception reports and communicate with central bank officials.
  • Review and update SOPs for improving processes and procedures.
  • Manage and organize teams for task completion and provide guidance on risk management tools.

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