AVP Retail Credit

JOB PURPOSE:

Review and check the retail portfolio proposals and handle the Credit MIS.

KEY ACCOUNTABILITIES:

People Management

• Act as a role model and drive adherence to organisational values and ethics by employees of the assigned department to foster a value driven culture within the Group.

Policies, Systems, Processes & Procedures

• Ensure effective implementation of Credit & Personal Banking functional policies, procedures and controls covering all areas of assigned department activity so that all relevant procedural/legislative requirements, fulfilled while delivering a quality, cost-effective service.

Credit Initiation Management

• Review and check all the retail proposals (Personal, Housing, staff, Credit Card etc….)
• Ensure timely submission of credit related MIS and regulatory returns.
• Preparation of periodic credit related reports to Head office
• Preparation of other credit related MIS reports as per agreed formats as per agreed SLA & SOPs.
• Ensure NIL High-Risk observation in Internal Audit / CBO examination.
• Additional to above, must execute any tasks as assigned by Head of Credit Oman on need basis.
• Review and manage the portfolio of retail loans.
• Manage retail loans and final review of risks and quality.
• Ensure proper compliance measures, lending norms, CBO guidelines are met and as per retail lending policies and procedures of the bank.
• Assist in growth of Retail Assets.
• Review and tie up with Insurance Company for retail loans.
• Empanelment of new companies in Approved list and annual review of the list.
• Assist in following up of defaulted loans with branches to restructure the loans if required and assist the branches to reduce number of provisioned accounts.
• Annual review of mortgage loan collaterals.
• Reviewing release of Title deeds and Issuance of NOC.
• Ensure turnaround times as per agreed SLAs
• Ensures exceptional approval decisions beyond policy or scoring cut offs are made at the appropriate level and with clear justifications, in compliance with bank’s internal policies and regulatory guidelines.
• Handling the Exceptions channel and attending all enquiries raised by other departments to ensure high level service.
• Enhance the use of technology in the credit initiation management to increase the efficiency and effectiveness of the Department.
• Ensures Sampling daily credit engine approved cases to ensure approval within the policy.

QUALIFICATIONS & EXPERIENCE:

Minimum Qualification

• Bachelor’s degree in business.

Minimum Experience

10 years’ relevant experience in the banking sector with at least 4 years in similar positions of progressively increasing managerial responsibilities in the Credit Products function.