Foreword:

The Arab Bank for Economic Development in Africa (BADEA) is an independent international financial institution owned by eighteen (18) Arab countries, members of the League of Arab States. It is governed by the provisions of its Establishing Agreement and the principles of international law. BADEA aims at strengthening economic, financial and technical cooperation between Arab World and Sub -Saharan African countries and the embodiment of Arab African solidarity based on equality and friendship. To achieve these objectives, BADEA was mandated to execute the following functions

• Contribute to the financing of economic development of African countries.
• Encourage the participation of Arab capital in African development.
• Contribute to the provision of the necessary technical assistance for development in Africa

BADEA is headquartered in Riyadh, the capital of the Kingdom of Saudi Arabia

 

Job Purpose:

Conducting independent reviews of the quality of all debt and equity transactions (including investments in various funds) since the approval, whilst ensuring compliance with the Bank's policies and procedures.

3. Duties and Responsibilities:

The Head of Credit Administration Unit will be responsible for monitoring and reporting to the division head of credit risk and to the Director of Risk Management.

• Oversee the activities of the credit administration associate, evaluating his performance, and fostering his professional and personal development.
• Ensure that the unit follows the process as defined in the Bank relevant policies.
• Comply with the post-approval process (implementation and monitoring) and its automated flow, ensuring that full compliance with the bank’s credit administration guidelines.
• Ensure that all approved transactions are monitored, executed in accordance with the final terms and conditions set by the board’s approval, and that disbursement and repayment processes are properly managed.
• Responsible for the entire portfolio monitoring process and prepare all required documents for the PMC, coordinate its scheduling, follow up actions/decisions of the PMC, take its minutes/act as secretary.
• Maintain up-to-date records of all transactions, ensuring that all necessary information is included and retain all credit approval documents for all obligors.
• Review all Facility agreements documents prepared by the Legal Department for compliance with credit approval’s terms and conditions as well as with BADEA’s credit policies.
• Review disbursement conditions for each loan facility (lending agreement, collateral agreement, registration of collateral, other loan granting conditions stipulated in the Credit Policy and Product Programs).
• Review the valuation of equity investments in terms of their methodology and accuracy, and to comment on the feasibility of the proposed hold and/or exit recommendation before it is submitted to the Investment Committee/Credit Committee.
• Safe-keep and archive lending files including legal documentation where required.
• Conduct daily monitoring of Credit policy and transactions deviations.
• Act as a coordinator for Credit Risk Matters for the proper implementation of credit activity and controls.
• Monitor the approvals of credit requests and follow up on credit approval conditions (collaterals, insurance and other financial / non-financial covenants) – coordinate with the business team and legal for fulfilment.
• Anticipate and remediate potential systems issues that may create data integrity issues.
• Build and own a quality assurance process to ensure the data owned by credit admin is accurate at approval and is maintained for term of the relationships.
• Builds and maintains strong and effective relationships with cross-functional teams mainly Business team, Legal, operations, Finance, IT, and compliance to ensure data quality.
• In advance notify the relevant business team on credit rating renewal and updates on a yearly basis/ insurance expiry/Collateral and seek updated documents.
• Maintain the highest standards of professional conduct, ethics and integrity in the provision of services in the Credit Administration unit.
• Maintain an up-to-date transaction tracking sheet that accurately displays all effective and outstanding transactions, outstanding amounts, the latest credit ratings, status of compliance with applicable covenants, etc.
• Follow up the sign-off on the first disbursement of each approved transaction, ensuring that all conditions precedent and other approval conditions and collateral perfection including all necessary signatures, dates and other relevant data have been satisfied.
• Ensure the accurate implementation of the term sheet by thoroughly reviewing all loan bookings and collaterals on BADEA’s core banking system. This review should cover the applied interest rates, spreads, and the commissions as approved by the credit committee and Board.
• Review the valuation of investments by treasury and investment departments in terms of their methodology and accuracy, and to comment on the feasibility of the proposed hold and/or exit recommendation where required.
• Assess the viability and reasonableness of the restructuring plan for restructuring proposals of performing debt transactions and the impact on risk ratings; and for extension of holding periods and revision of exit strategy of equity investments, to evaluate the viability and reasonableness of the exit strategy and the impact on risk categorization, valuation, and return implications.
• Assist and participate in providing information that need to be included in the risk reports on quarterly basis to facilitate monitoring of portfolio credit quality and trends as well as compliance with risk limits and policies
• Detect early warning signs of delinquency and inform Business Department for remedial action to minimize losses.
• Ensure that facilities granted to beneficiary entities /customers, groups of related customers and at the total portfolio level, including various types of concentration risks, are within approved limits and policy of BADEA
• Perform other duties as assigned by the Division chief of credit risk & RMD Director