Manager - Agency Desk

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Corporate & Investment Banking Group

The Corporate & Investment Banking Group (CIBG) provides a portfolio of corporate banking services, including investment & transaction banking as well as financial market solutions. This sophisticated product suite is powered by efficient digital platforms and distribution channels. It serves a broad range of clients both domestically and across the MENA region, including government entities, financial institutions, large to mid-size corporates, and commercial clients (SMEs), and maintains strategic relationships with leading banks globally

We are actively seeking an ambitious professional to join our Transaction Banking Agency team at ADCB to work alongside passionate colleagues who share your ambition to redefine excellence in UAE banking. 

In this role, your key responsibilities include:

• To coordinate facility requests and monitor the agency portfolio to ensure compliance with ADCB policies, procedures and guidelines
• Create new agency Customer Identification Number (CID) and prepare control and monitor sheets to ensure required records are in place for all new customers facilities, covenants are recorded in CACM system and cash waterfall and accounts are opened per the agreement
• Ensure conditions precedents have been met and notification is provided to lenders/borrower as per the terms of the agreement
• Issue notification of intention to borrowers to invoke clauses, based on lenders instructions and issue notification to lenders of any default (actual or potential) to ensure compliance with covenants/information undertakings and other terms of the agreement
• Notify drawdowns, rollovers and repayments to borrowers and lenders within agreed turnaround times and ensure London Interbank Offered Rate/Emirates Interbank Offered Rate (LIBOR/EBOR) rates are in line with rate fixing for the interest period as provided by ADCB Treasury or specified in the facility agreement to ensure all conditions are met and funds can be dispersed
• Ensure information covenants are distributed to lenders promptly once received from the borrower
• Ensure information for any payment default or technical default, is passed amongst lenders and borrower
• Create reports of fees due to be received within the next 30 days for all agency facilities on a monthly basis to ensure consistency and compliance with ADCB policy
• Adhere to all relevant organisational and departmental policies, processes, standard operating procedures and instructions so that work is carried out to the required standard and in a consistent manner while delivering the required standard of service to customers and stakeholders

The ideal candidate should have the following experience:

• At least 6 years of experience in Banking with an understanding of legal documentation and trade finance
• Risk Management
• Microsoft Office (Word, Excel and PowerPoint)

What we offer:

• Competitive Salary. Additionally, all employees are eligible to participate in one of our rewarding variable pay plans.
• Comprehensive Benefits Package: This includes market-leading medical insurance, group life and personal accident insurance, paid leave and leave airfare, employee preferential rates on loans and finance facilities, staff discounts and offers, and children education assistance (for certain job levels).
• Flexible and Remote Working Options: We understand the importance of work-life balance and offer flexible working arrangements, subject to eligibility and job requirements.
• Learning and Development Opportunities: We value and facilitate continuous learning and personal development, through a variety of exciting learning opportunities, such as structured instructor-led courses, a comprehensive e-Learning catalog, on-the-job training and professional development programs.

At ADCB, we are dedicated to creating a respectful, caring and disciplined work environment that aligns with your career ambitions.