Manager, Retail Credit Policy

1 month ago

dubai, United Arab Emirates Emirates Islamic Full time
Role OverviewDeveloping the credit policies for the Retail Products and monitoring the credit product portfolio to ensure performance in line with the yearly plan in order to optimize the risk reward equation for the bank and to ensure that credit quality remains under control.The job holder will liaise with Group Retail Policy & Decision Management Unit on policy rules alignment and automation as part of Credit Decision Automation and Straight through Process (STP) JourneyKey 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/changesLiaise 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 systemWork 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 implementationPolicy 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 riskAll 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 intranetEnsure 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 mannerWork with multifunctional units to prepare and approve a process note for implementation including Sharia aspects.Conduct training sessions with units involved to ensure correct implementationClosely monitor portfolio size and performanceDepartmental self-assessment is prepared & approved in timely manner Satisfactory Audit RatingQuality bookings & consistency of applicationAll policy related communications & roll-out memos are documented, approved at appropriate approval levels and are filed in a proper mannerEnhance first time approval rateEnsure 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 & ExperienceGraduate of Finance, Banking, Business Administration or equivalentPost-Graduate in above areasPrevious experience within Retail Credit Function or Product Management in banking / financial servicesExcellent awareness of Credit Risk Management best practices for Retail BankingExcellent analytical skills and deductive approach for Credit MIS analysisGood understanding of association and local regulatory environmentIn-depth awareness of local market dynamics, product and competition informationKnowledge of credit and financial analysisStrong computer (especially MS Office) skillsExcellent knowledge of working on SASWhat we offer Competitive salary packageMarket-leading incentivesStrong emphasis on work-life balance and wellbeing across the bankWorld-class Learning & Development platform and career developmentGenerous annual leave entitlement and Private HealthcarePreferential banking facilities for employees
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