VP, Senior Credit Underwriter VP, Senior Credit Underwriter …

Arab Banking Corporation
in Manama, Capital Governorate, Bahrain
Permanent, Full time
Last application, 23 Sep 19
Arab Banking Corporation
in Manama, Capital Governorate, Bahrain
Permanent, Full time
Last application, 23 Sep 19
The bank is organized along the three lines of defense operating model. Group Credit is part of the control function in the second line of defense. The Group Sr. Credit Underwriter reports to the Group Head of Corporate Credit Underwriting.

Within the Senior Credit Underwriter function the individual job will comprise different aspects and percentages of the following four broad categories:

  1. Credit portfolio management – 60%
  2. Risk related project management – 25%
  3. Developmental – 10%
  4. Remedial Loan Management – 5%

The job responsibilities within these broad categories are described in more detail below.

Principal Responsibilities, Accountabilities and Deliverables of Role:

  • Credit portfolio management – 60%
  • The Group SCU supports the first line of defense across a number of geographies either as a principal or secondary point of contact. The GSCU is to work across all types of transaction including but not limited to Corporate, Specialized Finance and GREs.
  • The GSCU is to provide in depth support in terms of interpretation of the Group Credit Policy its related Standards and Procedures.
  • The GSCU is available to provide consultation on Credit Application Forms (CAF) as to whether the CAF is adequate in terms of its explanation and mitigation of the risks associated with the transaction or product under discussion.
  • Any consultation with the Business on a CAF content and suitability is encouraged to take place in a forum with Group Head of Corporate Credit (GHCC) or at least one other member of Group Credit present.
  • On submission of the CAF for final approval the GSCU ensures that it is in compliance with group policies and requirements. The GSCU comments on any deficiencies in an objective manner and indicates a level of support, be it positive, negative or conditional for the submission.
  • On a sample basis (minimum of 10%) the GSCU ensures that spreadsheets have been compiled correctly, covenants have been complied with and any additional conditionality delivered. Evidence of the sample check should be stored in a specific folder on the G Drive for the purpose of Audit review.
  • The GSCU is to ensure that any documentation outstanding on the OOO (Out of Order) report is covered in the CAF and reasons provided to mitigate any potential risk.
  • The GSCU is to monitor news developments in the countries he/she covers. There is an expectation of travel to the countries on an annual basis with such visits informing the annual review of the bank’s exposure in that country.
  • The GSCU is to monitor completeness of the annual reviews from various countries and escalate those that are not done on a timely basis through a relevant forum. From time to time the GSCU will be required to deliver reports on sectors within a country or assist in the compilation of a wider report across many jurisdictions.
  • As part of the portfolio management process the GSCU must identify any relationships or sectors that could result in elevated credit risk or non-repayment of the borrower’s obligations. All such names must appear on the report – Accounts Requiring Close Monitoring before being downgraded to a Risk Rating 8.
  • Risk related project management – 25%
  • Risk related projects can comprise either a single issue project such as; amending a report or improving the efficiency or effectiveness of a process, to providing input on a multi-million dollar transformational projects. In either instance the GSCU is to provide assistance and support as part of the general day to day business.
  • The GSCU is be expected to record his contribution to projects for evaluation as part of the career management process.
  • Developmental 10%
  • The GSCU is to encourage the development of the team as a whole and ensure that his/her own skills are current and that courses are completed on areas requiring development.
  • The encouragement of development of the team could be through coaching, arranging seminars or circulating interesting and relevant news to the group.
  • Seeking out feedback and acting upon it is particularly useful.
  • Remedial loan case management – 5%
  • Remedial Loans represent transactions that are in doubt of full repayment in line with contractual obligations. Such transactions require close monitoring and the involvement of legal and other professional advisors to ensure the correct course of action is taken in maximizing the bank’s recovery.
  • The GSCU is to assist in that process seeking guidance from specialists within Group Credit.

Job Context (Circumstances & environment surrounding the job):

The job holder is expected:

  • Recognise the need to balance risk-prudence with actual market-practices/pressures and support growth of a sustainable well managed risk portfolio.
  • Understand risk strategy and appetite documents.
  • Monitor and analyse bank’s different credit portfolios across Corporate, GRE and Specialized Finance names.
  • Demonstrate compliance with the bank’s policies, standards and procedures.
  • Actively contribute to the content of the bank’s policy and standard documents to ensure they are both current and relevant.
  • Awareness of regulatory requirements in Bahrain and beyond.

Job Requirements:

Education / Certifications

  • Master’s Degree with an element of finance or equivalent,
  • Institute of Bankers associate or equivalent


  • At least 10 years’ experience preferably with an international bank demonstrating some mobility and diversity in cultural awareness