SMEs Fraud Risk & Credit Assurance Senior Analyst / Analyst

Description:

Responsible for implementing the bank’s internal permanent review on SMEs credit facilities through monitoring and following up on all new and existing facilities after booking phase and pre-lending phase to ensure adherence to credit terms, QNB regulations and CBE instructions. Duties &

Responsibilities:

1. Extract approved SMEs facilities files from the Workflow system according to the pre-defined priority list.

2. Review client’s available documents, such as legal documents, auditor documents, job orders, credit memo, approvals, etc… to detect suspicions documents and submit it to Investigation Team after being discussed with the Head.

3. Responsible to ensure that the disbursed fund utilization matches the facility approval and assess client’s business in terms performance after the utilization according to available data.

4. Review sources of the facility repayments/revolving / dormant accounts.

5. Monitor proceeds regularity ensuring directing to credit to the facility’s A/Cs and check for any complementary cheques or transfers and compare the client’s proceeds with the figures provided in financial statements.

6. Examine account movements through investigating transactions full set of documents as well as reviewing related parties for any suspected transactions.

7. Identify potential suspected transactions and refer it to the Head for further investigations.

8. Analyze all relevant information and data to check for any discrepancies and/or inconsistencies and/or fallacious information.

9. Compare relevant credit history with the approved facility.

10. Asses the facility’s fund disbursement and its reflection on clients’ accounts movements and company’s cycles 11. Identify any major incident (e.g.: fraud cases, staff involvement.…) during the branches’ visits immediately to the SME Fraud Risk and Credit Assurance Manager / Associate.

12. Identify any suspected auditors, network of suspected clients, complementary behavior and raise it to SME Fraud Risk & Credit Assurance Manager / Associate.

13. Participate in a regular mission along with visits to branches according to pre-defined priority criteria, discuss issues revealed, onsite investigation for documents and files.

14. Conduct a review mission on selected groups as per Bank Management / Business Area Head instructions to review credit files and submit relevant suspected cases to the Head.

15. Review & discuss all detected observations with the Branch aiming to ensure the non-existence of misconduct or fraudulent issues related to SME’s clients.

16. Conduct exit meetings with Group Head/ Head of SMEs/ Branch Manager as per mission scope. 17. Review the assigned pre-lending SMEs file “New to Bank customers” against any misconduct or fraudulent activities before final risk approval or prior to disbursement stage.

18. Propose initial risk recommendations per each reviewed group / branch, to mitigate the risks of observations and regularize facility accounts such as replacement of backlisted auditors / removing unreal suppliers / obtaining recent ratifications / conducting site visits.

19. Monitor the Credit Activities to ensure mitigation within the bank’s SMEs commercial scope.

20. Ensure correct adoption of policies and procedures in order to guarantee that QNB business is conducted in compliance with Local Laws, Internal rules and regulations, as well as, International Standards. Confirm proper adherence to QNB Credit Risk Policy, Credit Authorities, in addition to CBE regulations and circulars.

21. Ensure the correct functioning and implementation of Permanent Supervision system, compliance, operational risk and workplace success guidelines whenever and wherever possible.

Education :

Bachelor’s degree in Business, Administration or Commerce.

Credit Certification in SMEs lending field.

Experience:

Minimum of 4 years of Credit experience for the Senior Analyst.

Minimum of 2 years of Credit experience for the Analyst

Working Conditions:

Based in New capital Head Office.