Credit Control Professional
2 weeks ago
Job Overview
Burgan Bank seeks a highly skilled Senior Credit Manager to join our team. As a key member of our credit control department, you will play a critical role in ensuring the bank's assets are protected and that all credit approval conditions are met.
Responsibilities
- Develop and implement effective credit control processes to ensure compliance with regulatory requirements, bank policies, and procedures.
- Serve as a final checker and approver for credit approvals, ensuring that all necessary documentation is in place and that credit limits are aligned with approved conditions.
- Supervise officers responsible for documentation, collateral, posting limits, and reporting, providing guidance and support as needed.
- Maintain updated knowledge of CBK rules, regulations, BB Credit Policy procedures, and related matters of interest to the department.
- Review and approve documents, including undertaking letters, clearance certificates, and 'to whom may concern' letters issued by the department to banks, clients, and companies.
- Verify that all credit approvals are in line with management decisions, bank policy, and CBK guidelines, both pre- and post-fact.
- Coordinate with business groups and other departments to provide information and support, as well as generate requested reports.
- Monitor and control country and bank limits, as well as Burgan Bank subsidiaries' credit limits and related documents.
- Oversee the control process of placing original securities in the safe custody vault and releasing them in coordination with the Legal Department.
- Perform ad-hoc tasks assigned by direct supervisors.
Requirements
- Bachelor's degree or equivalent in a related field.
- Minimum 7 years of relevant experience in credit control, with at least 5 years in a bank or financial institution within a similar field.
- Knowledge and experience of best practices in drawdown units.
- Proficient in English and Arabic.
Salary: The estimated salary for this position is between $80,000 and $120,000 per year, depending on location and experience.
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