Job Purpose
Conduct customer field visits, customer’s buyers and suppliers to come up with comprehensive credit information report, including reputation key shareholders and the company and its products, the perception of how the market thinks the company is doing compared to the competition.
Credit Investigation:
Prior to Credit Approval:
1. Conduct comprehensive desktop checks & Market research on customers applying for credit facilities including Reputation of Key shareholders, company in the market, its products, and the perception of how the market thinks the company is doing compared to the competition.
2. Conduct Customer visits to check customer premises and business such as their inventories.
3. Perform Buyer and Supplier comprehensive desktop checking, and physical visits on first transaction with Buyer or Supplier above certain thresholds to ensure the assessment is their compliance the bank’s risk appetite and minimize losses..
4. Prepare related reports on desktop, market and site visits in order to create an accurate basis for the lending decisions.
Ongoing
5. Conduct periodical visits for existing borrowing customers to verify their payment ability
6. Conduct periodical visits for Each Buyer/Supplier based on certain criteria.
7. Field investigation of potentially fraudulent transactions referred by the Fraud team.
Policies, Processes and Procedures
8. Follow all relevant department policies, processes, standard operating procedures and instructions so that work is carried out in a controlled and consistent manner
Day-to-day management
9. Follow the day-to-day operations related to own job to ensure continuity of work
Compliance
10. 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
Qualifications & Experience
o Bachelor’s degree of commerce, Business Administration, accounting or equivalent.
o Minimum 3-5 years investigation in SME/Corp in CIB or another institution for Senior Officer
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.
