Operating in the UAE for over 50 years, CBD manages the financial requirements of some of the largest corporates and businesses operating in the country, driving the UAE economy. Over the years, CBD has transformed into a progressive and modern banking institution winning multiple awards for its digital initiatives, credit cards, bank accounts, mobile app features and services.

CBD has been recognized as the number one bank in the UAE on the Forbes list of The World’s Best Banks 2022.

As we continue to build upon our successes, we are looking for ambitious individuals who are passionate about the banking and finance industry and the markets in which CBD operates. Just as important to us is your ability to demonstrate a talent for dealing with people - your colleagues and our customers - and delivering service that really goes the extra mile. 

The role of the Job Holder is to take key decisions as well as to underwrite individual applications of Customers applying for Retail Banking products - Mortgage Loans, Personal Loans, Auto Loans and Credit Cards as defined in the Retail Credit Policy of the Bank.

The job holder works as a checker, which means that he/she has delegation to approve high value transactions typically around average AED 2.0 million exposure, and also reviews deviations (out of policy cases) and restructuring cases to be proposed to the delegated authority.

Principal Accountabilities

• Ensure quality underwriting of Credit Applications as per Approved credit policies and within the given Delegation of Authority. With minimum error rate.
• Maintain high level of productivity with no compromise in the quality of processing.
• Check and approve applications within his/her delegation.
• Evaluate and escalate applications with judgemental and deviations on the basis of borrowers character and integrity, capability of repayment, business, economic and personal conditions, capital input and collateral available to the proper authority as defined in the Credit Policy of the Retail Banking PPGs.
• Communicate the decision to the Front end via an email Draft/Pre approval Letter.
• Detailed assessment of the Valuation reports along with the details captured on the system and perform comparison using the Reidin System.
• Final Offer Letters to be check and signed post completion by the maker.
• Reconciliation of invoices for Field Visits and Perfios.
• Analysing and escalating restructure cases.
• Adherence to Operational Risk Guidelines.
• Full Compliance to all relevant policies and procedures governing Risk-based underwriting & ensure a minimum SATSIFACTORY INTERNAL AUDIT Rating.  NO Adverse audit findings with HIGH RISK Impact.
• Resolution of all audit findings within prescribed time frame.

Qualifications

• Minimum of a Bachelor’s Degree
• Strong working knowledge of business software applications, particularly spreadsheets.

Experience

• Minimum of 4 to 5 years of underwriting experience in credit related work
• Written and spoken English – Arabic preferred
• Good understanding of banking operations, Bank policies, procedures, guidelines, statutory requirements, market conditions.

Skills

• High level of interpersonal and negotiating skills.
• Credit & Financial Analysis Skills
• Should have an eye for details.
• Good communication skills