Credit Manager - FAB Securities
by First Abu Dhabi Bank in Banking & Financial Services
The Credit Manager - FAB Securities role in Abu Dhabi at First Abu Dhabi Bank (FAB) is responsible for leading the development, review, and enhancement of Margin Trading Policies and related Standard Operating Procedures (SOPs) in full alignment with group policies, risk appetite, and regulatory expectations within a securities brokerage environment. The role supports the FAB Securities Risk team in assessing credit risk controls across all products and services, continuously monitoring exposures, identifying emerging risks, and escalating material issues to protect the business and ensure strong credit discipline. The Credit Manager is responsible for conducting comprehensive credit risk assessments for FAB Securities, ensuring proper implementation of the group credit risk framework across all credit products while validating compliance with internal standards and regulatory requirements. The position requires managing and enhancing the credit function by identifying process gaps, system weaknesses, and risk areas, while implementing initiatives to strengthen the credit risk environment and ensure minimal exposure and adherence to market best practices. The role involves collaboration with Audit, Legal, Compliance, and other control functions to resolve credit-related issues, manage client risk changes, and ensure timely corrective actions. Key responsibilities include overseeing margin trading documentation such as account opening agreements, evaluating margin trading facility requests under SCA regulations, monitoring client portfolios and exposures, managing margin calls and shortfalls, approving liquidations, and overseeing Approved Securities List (ASL) processes. The Credit Manager also assesses client requests for stock transfers, fund transfers, and account closures while ensuring compliance with margin trading rules. The role includes preparing management reports, overseeing Expected Credit Loss (ECL) calculations, ensuring regulatory compliance under SCA jurisdiction, and contributing to the governance framework of the organization. The position requires strong leadership in credit risk management, regulatory knowledge, analytical ability, and the capability to manage complex credit operations in a fast-paced brokerage environment within the UAE financial market.