Associate Vice President, Financial Restructuring and Remediation
The job holder is responsible for:
Directly working with the VP/SVP FRR in proactively managing all wholesale banking non-performing loans risk grade 5 (WB NPL) and work with clients where credit quality has deteriorated to WATCHLIST (Risk Grade 4), in order to avoid the bank from facing an impairment and to ensure maximum recovery of both the capital and interest.
Undertaking negotiations with clients, banks and external legal counsel to developing recommendations to restructure facilities to improve the WB NPL ratio through identification and implementation of solutions to achieve the highest recovery rates.
Under the guidance of the Vice President Financial Restructuring and Remedial (VP FRR), develop recommendations/proposals to Coordinating/Steering Committees of Creditors, Board Credit and Investment Committee (BCIC), Management Credit Committee (MCC) and providing input on provisions for proposed Non - Performing Portfolio. Execute recommendations following approvals/decisions.
Solutioning of non-performing assets and problem loans by defining personalized strategies and actions plans to ensure value maximization and recovery
Primary contact for WB impaired assets, working pro-actively to manage exposures and mitigate loss.
Recovering of bank assets and propose any remedial action that may be required, including legal.
Support in the managing of the Financial Restructuring and Remedial team in following up on all non-performing loans in order to maximize recovery.
Solutioning of non-performing assets risk rated 5 and below and problem for value maximization and recovery.
Responsibility of preparing the recovery strategy in consultation with VP/SVP FRR
Support the VP/SVP FRR in developing, reviewing and implementing settlement proposals, evaluating restructuring based on cash flow projections, and financials, and submitting the recommendation to approving bodies
Work with WB units and SME Business to proactively manage clients risk rated 4 or below, to determine the likelihood of default and develop strategies and actions plans to address
Recommending settlement proposals of all substandard and remedial loans.
Assessment of repayment capabilities of all defaulting customers
Participate in the preparation of recovery budgets for all classified credits.
Working to tight deadlines and having to manage and problem solve for multiple accounts at one time.
Reporting on the progress status of recoveries to VP/SVP FRR.
Manage and execute specific assignments as instructed by VP/SVP FRR.
Planning and executing negotiations.
Implementing appropriate approvals, preparation of credit proposals / classified credit reviews for all NPL.
Provide effective recommendations to approving bodies for Non-Performing Portfolio.
Recovering of bank assets and any remedial action that may be required.
Accuracy in reporting
Create appropriate templates and ensure prompt submission to Management.
Participate in the continuous competence improvement and leveling up of team members through shared learning.
Bachelors Degree – Commerce, Economics or related banking studies
Masters Degree – Advantageous
Sufficient working knowledge in financial analysis, cash flow projection and debt restructuring.
Minimum 10 years banking experience, 5 of which with strong financial restructuring, remedial account management, remedial exposure, and recoveries on delinquent accounts and remedial action required within a corporate banking environment.
Knowledge and Skills:
Technical & Professional: Managerial & Leadership
Strategic thinking Planning & Organization
Problem solving Strong communication skills
Performance management Strong interpersonal skills
Restructuring People management
Quantitative skills Conflict management
: United Arab Emirates-Dubai-Dubai - Deira, Baniyas Rd, Near Abra Station, Enbd Building
: Financial Restructuring and Remedial Unit
: Jul 16, 2020, 4:08:33 AM
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