SVP Head of Credit - Private Banking

ROLE PURPOSEWork within a senior management structure to formulate, revise and implement policies, procedures and practices for the Private Banking Credit area that are consistent with the overall strategy and objectives of the bank.Ensure that credit approvals adhere to policy guidelines, monitoring and review is adequate to maintain the portfolio quality and profitability and the overall credit risk within the Bank is at desired levels.Key AccountabilitiesPrivate Banking Credit StrategyKey role in formulation and implementation of the strategy in line with FABs and the Private Banking objectives.Streamline Credit Risk function objectives and departmental organizational structure in line with overall objectives of the Group.Credit Risk ManagementManage, develop and direct the credit risk function including for all loan types credit analysis, assessment & approval review, monitoring & control and recovery.Provide oversight of an effective credit approval process within the Bank that supports the risk tolerance of the Bank while also facilitating desired asset growth objectives.Take credit decisions independently as Head of Credit up to the amount of his delegated financial & nonfinancial authority and serve as a responsible member of Credit Committee. Ensure availability of timely and required information to Credit Committee members (and other credit approvers) for credit decision making.Serve as Chairman/senior member of Credit Committee L2 overseeing its activities & ensuring Committee acts and takes credit decisions within its mandated guidelines in an effective manner.Develop and maintain mechanisms / Risk rating models / TOAs etc.) that allow for accurate identification of risk profiles/ratings in all asset categories.Enforce an effective monitoring system to ensure high quality of asset portfolio assist in early identification of problem credits and help identify problem borrowers for early intervention (initiation of recovery actions) by the Bank.Ensure credit processing & approval turnaround times as per agreed SLAs with WBG.Actively participate in complex/strategic client relationships and provide guidance on due diligence, risk assessment, risk rating and documentation.Guide Private Banking team on ways for optimum utilization of credit facilities by the banking customers without any compromise on credit quality.Periodically review & reevaluate the adequacy and effectiveness of Banks credit policies and procedures in credit risk management. Maintain update and recommend amendments to the Banks credit policy procedures, Risk Rating models, credit memorandums, risk criteria etc based on lending experience and market expediencies ensuring it is aligned with overall Banks risk strategy & policy.To support performance of Credit Administration function and ensure that credit documentation process & collateral monitoring system is working smoothly and approved facilities are released in time for utilization by the customers. Where possible to review and possible simplify documentation process further in consultation with CAD Head and Head of Legal.Support performance of Credit Restructuring Department in identification of potential infection in credit portfolio classification/provisioning etc and recovery measures/actions.Membership & active participation in other Committees such as Risk or Banking committees/ projects/initiatives as required by senior management.Industry and Sector KnowledgeKeep abreast of the different industries, local economy and internationally regulatory changes in the business and global private banking practices, trends, issues, challenges, competitor analysis etc. and identify risk factors/impact in order to inform Banks senior management and take the necessary actions.Internal CollaborationIncrease collaboration with Business Heads and Product Heads in order to build up strong relationships, open communication channels, maximize synergies and opportunities.Supervise the development of service level targets and direct the coordination with other departments to meet client service expectations.Resolve any internal issues raised by the subordinates, other departments etc.Liaison with Regulators/auditorsFacilitate audit activities & conclude negotiations with examiners/regulators etc on all credit audits matters/data ensuring timely availability of information and prompt response to queries of internal/external auditors and addressing their concerns/observations.Leadership / People ManagementManage the effective achievement of the private banking credit objectives through setting individual goals, managing teams performance and providing of formal and informal feedback and appraisal in order to maximise subordinates and the overall departmental performance.Motivate subordinates and promote highly productive and positive professional work environment by developing staff competencies, providing the necessary tools and training and ensuring that staff understand and meet expectations,