Role Summary:
The incumbent will be responsible for managing and close monitoring of large and complex non-performing loans (NPL) customers assigned by Head of Group International Restructuring & Distressed Debt with the objective ensuring compliance with agreed restructuring strategy and progressively reducing overall overdue credit exposure of the bank through implementation of loan collection and collateral asset sale strategies using coordination and interaction with the defaulting customers, legal personnel, the state police authorities and external debt collection agencies hired by the bank, if any.
Role Description:
Know, understand and implement the Group’s Credit Policies and Procedures and directives set by the Credit Committee and Group Chief Credit Officer.
Comply with prescribed guidelines and procedures related to International Restructuring processes. Continuously improve and streamline the various credit processes and procedures of the bank to ensure more efficient and productive management of International Restructuring accounts.
Maintain full knowledge and understanding of all International Restructuring cases assigned including reviewing all customer and deal information available, and assessing the true status of the customer’s business. Conduct thorough assessment and due diligence to be able to recommend / or adjust if necessary, the most appropriate and feasible remedial / work out strategy and be formulated.
Conduct comprehensive legal documentation and security / collateral review, in coordination with QNB Legal counsel to assist in building up bank’s case against the customer and formulating bank’s re-structuring / collection strategy.
Maintain close links with market intelligence to quickly respond to identified risk issues and potential problems. Collect updated information on the customer by conducting comprehensive checking with all possible resources including QCB Credit Bureau, other bankers, suppliers, buyers, competitors and other relevant third parties [without duplicating checking already made by the Early Warning officers]. Keep close tabs and follow up on customer activities and whereabouts through communication with such customer’s employer, Telecommunication companies, Ministry of Interior information centers, credit bureaus, etc.
Conduct review to update collateral [real estate and movable assets] values and mark to market values of securities pledged – if any, as per bank’s required procedures; and assess the liquidity of such collateral to estimate recovery potential upon liquidation scenario execution.
Based on information obtained, formulate and prepare Recommendation for Re-structuring / Re-scheduling / Work out strategy with the best interests of the bank in mind, to be approved by Group Chief Credit Officer and Group Credit Committee, and ensure prompt and efficient negotiation, formulation and finalization of re-structuring / re-scheduling agreement with defaulting clients.
Maintain close follow up and monitoring, and execute immediate and necessary action, for compliance with agreements, and implementation of agreed work-out, collection strategies and procedures in an efficient and effective manner, and continuously identify ways to improve collection process to ensure practical and feasible implementation.
Manage the public auctions process and ensure the independence over the selection and evaluation of bids.
Assess, recommend and prepare the proper recording of loan loss provisions in accordance with appropriate Senior Management approval and QCB requirements.
Prepare portfolio, technical and MIS reports on periodic showing updated exposure details and breakdowns, activities of the unit and the performance of the unit against agreed KPIs, as required by senior management and audit, as well as relevant regulators.
Qualifications:
University graduate preferably with a Major in Banking, Finance, Accounting, Economics or other related field of study.
Master’s degree or equivalent banking related training or Professional certification preferred.
At least 8 years of relevant experience, preferably within a highly rated international bank [or other comparable financial services or consultancy company] in a corporate or risk function
Minimum 4 years in international restructuring and function
Good background and experience in Corporate Finance, Retail and Private Banking, Investment Banking and banking operations in general.
Good proficiency in credit concepts and best market practices for credit / risk assessment and mitigation.
Good knowledge of Bank’s credit / risk policies and procedure; QCB and other regulatory guidelines, and international financial markets and industry norms and best practices.
Good knowledge of bank’s lending and non-lending products and services.
Good proficiency in risk concepts, banking products/ operations/ systems, pertinent regulatory requirements, International Accounting Standards and related pronouncements, including related best practices.
Good knowledge and experience in financial packaging, structuring of credit facilities.
Good knowledge and experience in preparation, review and approval of legal [credit / loan and security] documentation; and remedial / work out / restructuring facilities agreements.
Good negotiations and arbitration skills.
Good quantitative / financial modelling, analytical, and research skills.
Flexible team player and able to work and deliver under pressure.
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