Regulatory & Credit Compliance Manager
National Bank of Kuwait - NBK
Total years of experience :25 years, 5 Months
Support in reviewing customers’ credit files on daily basis to ensure that the facilities implemented through Domestic Credit Operations are in accordance with proper Credit decisions and in conformity with the Credit Policy & Authority Manual and CBK regulations. - Prepares necessary reports to the concerned parties for the pending items (missing Documentations) - Monitors Quick Quorums to ensure the accuracy of approval levels to ensure that it is in line with the Bank Credit Policy and Authority Manual. - Conducts a random physical verification to the safe keeping of the collateral documentations kept with Domestic Credit Operations. - Ensuring the level of customers signature verification on the (facilities contract, loan draw down, loan transactions and customer advising letter attached with the facilities contract) for the implemented facilities in line with the Bank policy. - Ensuring updating collateral value (shares, Real Estate re-evaluation, and local overseas portfolios) in line with the Bank Policy. - Review & check DCR’s to be accordance with client current position, the Credit Policy & Authority Manual and CBK regulations. - Receives and check all related output BO reports and committee decisions to ensure proper implementation and execution of the approved facilities - Conducts a daily follow up clearance of discrepancies with the concerned area to avoid its occurrence. - Ensures that the irregular accounts were raised through Special Purpose Committee or Senior Credit Committee. - Ensures that the missing documentations were raised and discussed through Special Purpose Committee. - Review CBK monthly & quarterly reports to be in accordance with proper Credit decisions and in conformity with the implementation in Bank systems and CBK regulations. - Communicate & dealing with CBK inspectors, Auditors in order to assure providing all their requirements
Attend the credit committees on a daily basis as scheduled (Management Credit Committee, Senior Credit Committee. - Write the credit committee decisions then send it to authorize person for signature. - Write minutes for SCC Corporate committee as per central bank regulations & send it to GM or AGM for signature. - Prepare all subjects will be present to the board committee as per credit authority manual for authorize limit of facilities. - Write minutes for BCC Committee as per central bank regulations & send it to the Board member for signatures. - Formalize the QQ (Quick Quorum) committee after check that all authorize person are voting on it by DCR System and send it the LG / LC to implement it. - Check all QQ send it by DCR system for new, renew or cancel facilities & collateral with the authorize person to send it for QA, Collateral & implementation unit to implement it.
- Duties :-
- Reviewing files receive for implement from QA to be sure that collateral is on place before implementation.
- Reviewing income loan voucher to be sure the coverage ratio is on place before implementation.
- Reviewing work sheet with committee approval for block / unblock funds & calculate the coverage ratio before unblock fund.
- Reviewing data for legal contracts on legal system then check that it is reflecting on Bancs link system then keep original contracts on our safe custody in filing room.
- Reviewing commercial contracts before send it to legal department for perfection date & follow up to receive it then inform the RO for implement.
- Receiving daily instruction to release cash from portfolio & send the DCO approvals to NBKC after calculate the coverage ratio to release this cash & transfer it to the client.
- Reviewing a customer credit file before send it to legal department if there are any sign off mortgage collateral.
- Reviewing a letter send to KCC if there are any new shares we have to Mortgage it for NBK or Sign off from NBK to client.
- Reviewing update all portfolios on system as weekly basis to can prepare the coverage ratio report & send it to CBG & PBG.
- Follow up with self insurance has to get it from client & be sure that is complied with NBK conditions.
- Follow up with legal department if we implement facility with no Mortgage contract up to receive it then inform QA department to prepare the work sheet to deduct fees.
- Insure any new RE thru Insurance Co. and follow up until we receive the insurance certificate.
- Receive the KCC report for mortgage shares & make reconciliation with fiscal document to insure that all shares are match with report.
- Receive all updated portfolio on last day work of quarter to update the system.
- Receive secured / unsecured report & reconcile it.
- Receive orphan collateral report & reconcile.
- Insure that all new facility implement on last day of quarter is linked & updated on system.
- Control receiving all shares / cash dividends every year & update customer collateral on system.
Reporting directly to the Chief Financial Officer.
• Responsibility for Finance, but also with involvement in strategy.
Financial responsibility of all new business including Joint Ventures and start ups.
•Managing a team of ten.
•Annual budget and quarterly reforecast .
•Group monthly reporting process for management and annual statutory accounting including audit process
•Treasury and tax including the management of the working capital facility Preparing
oDirect and coordinate finance operations within the company's objectives.
oControl and maintain the general ledger and all related accounts with proper documentation.
o Revise entries to the general ledgers to assure accuracy and compliance with the company and establish accounting principles.
o Control all changes to chart of accounts and prepare a monthly closing report.
o Revision of bank reconciliation statement
o Control and maintain high standard of cost analysis to include Management reporting and ratios
o Managing an accounting department, including the day-to-day operations, work instructions.
o Review the structure of the finance department to ensure maximum efficiency
o Plan and supervise preparation of monthly budgets and Financial Statements, bank reconciliations.
o Minimize all expenses, business risks, and present financial recommendations to the Management.
o Arrange for the audit of the company’s accounts (internal) and provide the required reports and information to the auditors.
Performs any other duties as assigned by management
o Supervision of entire department day to day work.
o Supervise and manage my team work.
o Finalization of monthly and annual accounts.
o Responsible for reviewing all documents for company before payments.
o Responsible for all operations with banks.
o Dealing with auditor.
- Duties:
o Responsible for controlling & reviewing monthly salaries before sending to banks.
o Responsible for controlling & reviewing all documents coming from HR Department
Before payment like (Indemnities and leaves).
o Responsible for controlling & reviewing all payments for groups of company like commotions, bonus, telex transfer, account payables and all other expenses.
o Controlling monthly banks' operations.
o Reporting to chief financial officer.
- Duties:
o Register our transaction on manual book.
o Prepare monthly trail balance, profit & loss and balance sheet.
o Controlling and reviewing payment for vendors.
o Make reconciliation for all our vendors before payments.
o Reviewing monthly invoices for customers.
o Management and control of cash flow.
o Bookkeeping.
o Posting to subsidiary & general ledgers.
o Preparing Monthly Auditing & General Balance.
o Management for account receivable.
o Preparing L/G - L/C holding for all transfers belonging to the foreigner vendors.
o Responsible for preparing the cost sheets for all imports in our company.
o Responsible for all operations pertaining to banks and statement of account.
o Responsible for Stock management.
o Responsible for preparing Balance sheet.
o Has a good knowledge in Follow up The investments in our company and how to market it.
Diploma for conversation in Berlitz language center, preparing for CMA (Certified of Management Accountant) in Cambridge Academy.