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Jobs by Experience

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1 - 2 years

Job Location

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Yanbu - Saudi Arabia

Monthly Salary

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Not Disclosed

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Salary Not Disclosed

Nationality

Saudi Arabian

Gender

N/A

Vacancy

1 Vacancy

Job Description

Req ID : 2380807
Job Summary:
To manage and provide regular update on the details of collaterals securing the risk assets in line with the bank s credit policy and procedures to achieve strategic objective.

Duties & Responsibilities

Establish collateral management and review plan and generate periodic report on the variation/movement of collateral value in respect of outstanding credit exposure.

Coordinate update of collateral register with details of pledged collaterals for monitoring purpose

Coordinate update of tracker for Insurance policies on Pledged Assets

Appointment of warehousing Agents/Collateral Managers to manage the stock securing the facilities granted under warehousing arrangement.

Review weekly report on stock managed under warehousing arrangement to ensure compliance with the dynamics and escalate where there are deviation from the approved conditions/dynamics or diminution coverage or the LTV ratio

Approve release of warehoused stock based on the lodgement made into the account in line with the transaction dynamics

Co-ordinating reporting on collateral value coverage and loan to value ratio Reporting and ensuring compliance with the valuation frequencies on pledged assets

Coordinate and ensure renewal of expired insurance policies on pledged assets through UBN Insurance Brokers on expiration

Appointment of valuers to carry out valuation/revaluation of assets securing the facilities granted to banks customers



Requirements

  • Good first degree in any discipline
  • Master s degree / Professional certification will be an added advantage. Minimum Experience
  • 5 years working experience in Banking and 5 years in Credit Risk Management
Candidate is required to function in this Department/Unit: Credit Risk Management/Credit Monitoring & Collateral Management

Employment Type

Full Time

Department / Functional Area

Site Engineering / Projects

Key Skills

About Company

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