Senior Manager, Corporate Credit Risk & Lead Credit Oversight - UAE
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Key skills for this role
About the Role
HSBC is seeking a Senior Manager for Corporate Credit Risk and Lead Credit Oversight in Dubai. You will be responsible for credit underwriting, portfolio risk management, and oversight of the MENAT wholesale portfolio.
Key Skills for This Role
Responsibilities
- Personally exercise delegated lending authority and take credit decisions aligned with risk appetite
- Manage overall asset quality of assigned portfolio by identifying trends and initiating risk mitigation measures
- Provide day to day oversight of MENAT wholesale portfolio, including leading Exception Management meetings
- Develop, monitor and review effectiveness of Key Risk Indicators and MI reports
- Collaborate with Global risk stewardship teams and Egypt COE WCR steward to ensure issues are identified early
- Meet key UAE clients and actively participate in key UAE clients’ Account Planning with GRB
- Provide effective challenges and early stage guidance to FLOD in complex transactions
Requirements
- Graduate degree required; preferably MBA, ACA, CFA, or ACIB
- Minimum 10 years corporate lending experience as a Credit Officer and/or Corporate Banking Relationship Manager
- Proven financial analysis skills, interpreting balance sheet and P&L, stress testing cashflows
- Ability to understand, consolidate and apply critical thinking to complex business information
- Ability to cultivate strong relationships with Business and various Partners
- Ability to handle and present challenging proposals to senior management
- Experience in and understanding of the UAE market is an advantage
Full Job Posting
Role Overview
- In this role will be responsible for Credit Underwriting and credit risk oversight across all MENAT wholesale portfolio.
- The incumbent will need to demonstrate broader, strategic portfolio understanding plus balance both firmness and agility.
- Accountable for Wholesale Credit Risk covering assigned UAE Corporates portfolio including Credit Underwriting.
Impact on the Business
- Credit Underwriting – personally exercise delegated lending authority and take credit decisions that ensure well balanced Risk/Reward.
- Portfolio risk management – Manage overall asset quality of assigned portfolio by identifying trends and initiating risk mitigation measures.
- Responsible for day to day oversight of MENAT wholesale portfolio, including leading Exception Management meetings.
- Develop, monitor and review effectiveness of Key Risk Indicators and MI reports.
- Collaborate with Global risk stewardship teams and Egypt COE WCR steward to ensure issues are identified early and correctly captured on Helios.
- Audit & Read across – work collaboratively across all 3 Lines of Defence.
Customers / Stakeholders
- Meet key UAE clients and actively participate in key UAE clients’ Account Planning with GRB.
- Provide effective challenges and early stage guidance to FLOD in complex transactions.
- Escalate to MENAT Head of WCRM and MENAT Head of Corporate Credit Risk any emerging issue.
- Provide credit risk oversight and steer to FLOD monitoring of credit risk.
- Establish and maintain strong rapport with Business.
Leadership & Teamwork
- Work effectively and collaboratively with FLOD, regional Risk teams and other cross functional regional teams.
- Provide guidance and act as ‘buddy’ to CoE desk officer designated to the incumbent’s portfolio.
- Ensure there is the right culture of accountability.
Operational Effectiveness & Control
- Sceptically review credit processes and ensure these are simple and streamlined.
- Provide guidance and input for all wholesale credit risk matters across policy, oversight, risk stewardship, models, initiatives, etc.
- Keep the customer at the heart of all decisions.
Qualifications
- Graduate Degree is required to obtain a UAE work permit, preferably with additional qualifications such as MBA / ACA / CFA / ACIB.
Experience / Skills
- Minimum 10 years corporate lending experience, as a Credit Officer and/or Corporate Banking Relationship Manager.
- Proven financial analysis skills, interpreting balance sheet and P&L, stress testing cashflows, etc.
- Ability to understand, consolidate and apply critical thinking to complex business information.
- Ability to cultivate strong relationships with Business, at all levels, as well as various Partners.
- Ability to handle and present challenging proposals to senior management in a clear and succinct manner.
- Experience in and understanding of the UAE market will be an advantage.
- Self driven & curious, commercial, comfortable in handling difficult conversations but also in taking pragmatic decisions.
About HSBC
- HSBC is committed to building a culture where all employees are valued, respected and opinions count.
- We take pride in providing a workplace that fosters continuous professional development, flexible working, and opportunities to grow within an inclusive and diverse environment.
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