Credit Manager

As part of its mission to be a global trade enabler, DP World seeks to offer a Trade Finance product to Corporates (Importers/Exporters) to ease their working capital crunch. DP World aims to help Companies by making financing options available at competitive terms. 

The main purpose of the role is to conduct Credit due diligence, underwriting, approval, monitoring and recoveries of Corporates interested in Trade Finance with DPWFS. The incumbent will be responsible for managing a portfolio of large complex accounts while adhering to the credit policy and processes in place. The Credit Manager needs to ensure that there are no surprises and resulting credit losses in the portfolio allocated and provide guidance to other team members.

The Credit Manager would report into the Director of Credit who reports into the SEO of the business.

JOB LOCATION - DIFC

KEY ACCOUNTABILITIES:

• Specific responsibilities include:
  1. Credit due diligence on Trade Finance borrowers for management, financial, industry and business risk. 
  2. Identifying credit and operational risks for a broad range of trade related transactions, including receivables & payables financing, import/export financing, invoice discounting/factoring, commodity trade financing, inventory financing, buy-sell transactions and risk participation (funded & unfunded).
  3. Understanding and analysis of financial statements, early warning and collections
  4. Ensuring compliance with DP World’s internal policies, processes and procedures.
  5. Pro-actively manage portfolio risk exposure, collections, remediation and recoveries.
  6. Identify key risks, and drive alignment on risk mitigation actions.
  7. Interacting with external service providers (risk consultants, recovery agents, insurance companies, brokers, etc.)
  8. Assisting the relevant transactions/cases to ensure credit risk support and innovative solutions are provided in line with company policies and regulatory requirements.
  9. Review of term sheet and vetting of loan related documentation with borrowers

QUALIFICATIONS, EXPERIENCE AND SKILLS:

• Bachelor’s / Post Graduate degree from a University of repute.
• 12+ years of credit risk experience in Financial Institutions; Banks or Non-Banking Financial Companies (NBFC).
• Experience in lending to Large Corporates.
• Sound knowledge of trade finance credit risk management and superior market intelligence. 
• Experience with cross border transactions and corresponding risk implications.
• Ability to detect, assess and mitigate credit risk.
• Excellent English written and verbal communication skills; Strong analytical, problem solving and organization skills.
• Keen attention to detail, adaptability and pragmatism; ability to manage an active caseload and prioritize effectively.
• Self-driven, results-oriented with a proven track record in credit & risk matters.
• The right candidate will be able to work under pressure, be highly result-oriented, deal with high volumes of work and be highly agile in leading credit aspects of a fast-growing trade finance business