Job Purpose
Review the credit investigation process and the customer field visits, customer’s buyers and suppliers to participate in the preparation of the credit information report & recommendation, including reputation of key shareholders, the company and its products, company’s positioning in the market compared to competition
Credit Investigation:
1. Supervise the team’s activities to ensure high quality credit investigation function through comprehensive market, desktop checks, and site visits to customers, buyers and Suppliers as deemed necessary on Customers applying for credit facilities prior to providing feedback.
2. Ensure Market scan to include: Reputation of Key shareholders, the company and its products, the market perception of the company’s performance compared to competition over the agreed upon period of time
3. Review the reports and give recommendations are highlighting any negative feedback that might lead to losses for the portfolio.
4. Supervise Field investigation of potentially fraudulent transactions referred by the Fraud team.
5. Conduct periodical team meetings to follow up and monitor the team activities and discuss any issues that may arise
6. Liaise with the Key stakeholders: Other Business Banking Risk Functions, Business Banking asset distribution
Policies, Processes and Procedures
7. Implement approved department policies, processes, and procedures and monitor adherence so that work is carried out in a controlled manner
Day- to-day operations
8. Implement the day-to-day operations assigned for the department to ensure compliance with the established standards and procedures
Compliance
9. Comply with all relevant CBE regulations, banking laws, AML regulations and internal CIB policies and code of conduct in order to maintain CIB’s sound legal position and mitigate any potential risks
Supervision
10. Supervise the activities and work of subordinates to ensure that all work within a specific area is carried out in an efficient manner and in compliance with the set policies, processes and procedures
Qualifications & Experience
o Bachelor’s degree of commerce, Business Administration, accounting or equivalent.
o Minimum 5-7 years investigation in SME/Corporate in CIB or another institution.
Skills
o Analytical skills.
o Good market contacts and network in other banks. financial institutions and geographies
o Inquisitive nature, maturity and good communication skills
o Process driven and disciplined
o Very good command of English.
o Good Computer skills.
Commercial International Bank was established in 1975 as a joint venture between the National Bank of Egypt (NBE, 51%) and the Chase Manhattan Bank (49%) under the name "Chase National Bank of Egypt”. Following Chase's decision to divest its equity stake in 1987, NBE increased its shareholding to 99.9%, changing the Bank’s name to Commercial International Bank (Egypt) S.A.E. NBE’s stake gradually decreased through several public offerings till reaching 18.7%. In 2006, a Consortium led by Ripplewood Holdings acquired NBE stake. In July 2009, Actis, a leading emerging markets private equity firm, invested US$ 244 million to get shares in CIB, acquiring hence 50% of the Ripplewood Holdings Consortium’s stake. Five months later, Ripplewood sold its remaining 4.7% stake over the open market, marking the successful transition of strategic partnership to be with Actis, who then became CIB’s largest shareholder with a 9.1% stake. In March 2014,Actis sold a portion of its holding, representing 2.6% of the Bank’s total outstanding shares, in the open market to a group of international investors. In May 2014, Actis, successfully realised its investment in CIB and sold its remaining 6.5% to Subsidiaries wholly owned by Fairfax Financial Holdings Ltd “Fairfax”.
CIB is Egypt’s leading private sector bank, offering a broad range of financial products and services to its customers, including enterprises of all sizes, institutions, households and high-net worth individuals. CIB strives to provide superior financial solutions to meet all customers’ needs. Having the strongest brand equity rightfully places CIB as the bank of choice for over 500 of Egypt’s largest corporations. CIB shows tremendous potential within the bourgeoning Retail and SME Banking markets. Through its superior management, high-operating standards, corporate governance best practices and training programs,CIB has succeeded in becoming the most profitable commercial bank operating in Egypt for more than 40 years.
