Senior Remedial Manager.Egypt- SMEs.Retail Banking
Mashreq · EG
- Manages a defined portfolio of defaulting customers and problematic accounts (NPL) and related provisioning in different sectors and challenging circumstances
- Responsible for analyze cases, preparing credit reports, monitoring accounts on going, assist in preparation of regulatory reporting in case of being requested, liaising with legal function and CBE and representing function on a number of critical committees and closing challenging negotiations successfully.
- To lead primarily managing a portfolio of non-performing assets varying in size and complexity to minimize write-offs
To ensure all the provision are properly reported in the division’s P&L and related profitability in case of any settlement.
Develop reporting systems to manage, monitor and report activities related to the Loan Remediation portfolio
Provide awareness and guidance to all stakeholders in the Bank with respect to Loan remediation policies, practices, and standards;
Ensure that the Loan Remediation Unit has comprehensive and updated guidelines, policies and operating procedures that guide the operations of the unit in line with best practice.
Attend and actively contribute to the relevant committees of the Bank to provide timely information necessary in strengthening the Bank’s credit assessment process.
Work closely with legal for the initiation and implementation of legal cases in the implementation of the loan acceleration to reach the best optimum solution and overcome problems fast to save time and money
Manage the specific provisioning process in line with group and regulation policy
Ensure that the security package for all facilities in the Loan Remediation portfolio is perfected, with the most recent asset valuations as suitable.
Ensure that comprehensive and up-to-date information, including customer credit information, correspondences, minutes, work-out memoranda, and such other relevant information is securely maintained and filed for all facilities in the Loan Remediation portfolio;
Ensure that non-performing loans are properly risk rated and that relevant Loan Remediation reports are prepared on time;
Closely interact with key stakeholders in the Bank including Business Development, Credit Assessment, and Operations for the timely resolution of non-performing loans;
Reschedule, restructure credit facilities including repayment terms, as well as develop strategies and plans to better secure collateral, collect and monitor agreed repayments;
Manage an assigned portfolio of distressed credit facilities/ loans to minimize loss and maximize value of recoveries of from the non-performing assets of the bank in line with set targets.
Prepare timely and comprehensive Loan Remediation reports to Senior Management and the Board on a monthly and quarterly basis respectively.
Attend internal and external Bank meetings from time to time as may be requested by Senior Management.