To ensure that the conditions and controls which govern the bank management decisions of Provisioning, Legal Lending Limit, Board Members Facilities, Parties with Inter-Related Interests Credit Facilities in accordance with Central Bank of Kuwait instructions.
Responsible for assisting in the classifying and analyzing of banks Loan Portfolio.
Assist in the identifying Non Performing Loan in order to derive Loan Loss Reserves.
Plays a critical role in preparing the required reports in an orderly manner to meet the internal and external reporting requirements.
Support the division head in maintaining banks prime position in submitting financials and credit reports to CBK and obtain necessary approvals to avoid any violation in reporting to Central Bank of Kuwait.
Review and assist in the preparation to classify and analyze the Bankˇ¦s loan portfolio and to identify the non performing facilities according to CBK regulation to establish loan loss reserves and suspension of interest income.
Identify non performing facilities according to CBK regulation by using DB2 systems as well as obtaining information for Syndicates loans Dep. Foreign branches and subsidiaries companyˇ¦s reports to specify the provision percentage to be taken.
Compile all Non performing loans from overseas branches / subsidiaries
Co-ordinate and follow up with all relationship officers in regards to non performing loans to regularize the same in order to avoid loan loss provision.
Prepare reports of Suspended Interest & Non Performing Loans and enhancing the function at regular time intervals
Assist in preparation and recognizing all recovered Interest Income suspended after obtaining the approval.
Prepare of all CBK provision related schedules.
Assist Manager in monitoring and preparing customer Lending & O/D and ensure that these products are within the criteria set up by Central Bank and also conduct studies of bank lending position in the domestic market in order to gain information on the lending position
Identify and conduct a regular follow up on the new or the renewal of the credit facilities granted to any of the board members or related party through committeeˇ¦s resolution
Update the securities presented as collateral from the Board Members or related party to cover their credit facilities.
Prepare credit facilities granted to a single customer (direct and indirect facilities) ˇV whenever natural or juristic equal in total to 5% and above of the banks equity according to CBK regulation.