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Senior Manager, Corporate Credit Risk & Lead Credit Oversight - UAE

HSBC
Dubai, UAE
Full Time
Manager
2 weeks ago
Credit underwritingCredit risk managementFinancial analysisPortfolio managementStakeholder managementRisk oversight
Free

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Credit underwritingCredit risk managementFinancial analysis
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Role Overview

  • In this role you will be responsible for Credit Underwriting and credit risk oversight across all MENAT wholesale portfolio.
  • You will need to demonstrate broader, strategic portfolio understanding and balance firmness and agility in handling excesses, past dues and other account behaviour issues.

Impact on the Business

  • Credit Underwriting – personally exercise delegated lending authority and take credit decisions that ensure well balanced Risk/Reward and are aligned to our Risk Appetite.
  • Portfolio risk management – Manage overall asset quality of assigned portfolio by identifying trends and initiating risk mitigation measures, tracking High Risk Problem Exposures, challenging Worry/Watch/Monitor accounts, managing Non Performing Accounts (NPAs) and ensuring timely impairments.
  • Responsible for day to day oversight of MENAT wholesale portfolio, including leading Exception Management meetings, reviewing and refining oversight framework.
  • Develop, monitor and review effectiveness of Key Risk Indicators and MI reports, working closely with FLOD, Group WCR and MENAT Policy.
  • 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, ensure UAE audit issues are addressed promptly and with appropriate read across from other audits.

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 in a timely, open minded and decisive manner.
  • Escalate to MENAT Head of WCRM and MENAT Head of Corporate Credit Risk any emerging issue in MENAT wholesale portfolio e.g. recurring past dues in any specific country.
  • Provide credit risk oversight and steer to FLOD monitoring of credit risk, partnering with Risk teams in FLOD to ensure appropriate focus on daily excess reports.
  • 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.
  • This role has a strong ‘culture’ element, in ensuring there is the right culture of accountability i.e. RMs follow up on their clients’ excesses promptly, issues are acknowledged and recorded, etc. The incumbent will need to lead by example.

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, deliver fair outcomes for our customers and ensure own conduct maintains the orderly and transparent operation of financial markets.

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, preferably across multiple geographies.
  • 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 in order to identify and mitigate risks.
  • Ability to cultivate strong relationships with Business, at all levels, as well as various Partners including Legal, Products, Group.
  • 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, as well as experience in risk stewardship, non financial risk or providing risk oversight.
  • Aside from technical skills and experience, the jobholder will be self driven & curious, commercial, comfortable in handling difficult conversations but also in taking pragmatic decisions.

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