Senior Manager Special Assets Corporate

JOB PURPOSE:

• Manage Large corporate restructurings for a non-performing loans to ensure timely and workable resolutions are negotiated and implemented.
• Management and implementation of loan recovery strategies for distress corporate portfolio in order to maximize collection/recovery.
• Manage settlements activities for distressed corporate financing portfolio to ensure proper settlement plans are developed and implemented in accordance with established policies, procedures and regulatory guidelines.

Key Accountabilities:

Non-performing loans restructuring:

• Examines and identifies the fundamental causes associated with the underperformance of customers within the division to address critical operational and financial issues.
• Reviews and conducting analysis of financial data of the customers within SAM portfolio, in order to assess the ability of the borrowers are capable to proceed to any kind of financial restructuring.
• Reviews the terms and conditions of the loans provided and compares them with the borrower’s financials so as to propose restructuring terms and initiatives.
• Develops financial models for the projection of the assessment of the validity of the financial restructuring initiatives.
• Follows up the financial status of the borrower and the degree of compliance with the financing restructuring terms so as to assess its effectiveness and to propose the necessary amendments to support or enhance its effectiveness

Assessment of client portfolio status :

• Assesses division portfolio and analyze the information and reports provided from corporate operation, so as to evaluate the status of the corporate loans.
• Ensures that the accurate rating of the corporate portfolio is applied according to the Bank’s standards, so as to identify and determine the non-performing loans, i.e. loans in rates 10, 11, and 12.
• Provides projections of non-performing loans so as to support the accurate evaluation of portfolio’s status and health and the loans that might be under the division.

Development of provisions :

• Controls the accurate analysis of own portfolio, identifying the nature and characteristics of their financial problems and proceeds to the projections of the provisions required, so as to comply with Bank standards and Basel regulations.

Management of non-performing loans:

• Participate the effective relationship management of portfolio and start the development of initiatives and payment settlements that will assist clients to overcome their financial difficulties and comply with their obligations towards the Bank.
• Leads the development of feasibility studies and credit proposals for the evaluation of client’s current status and the implementation of viable solutions for the effective management of the non-performing loans.
• Ensures that all collateral and securities have been identified and used in the management of the division portfolio, so as to comply with credit risk requirements and protect Bank’s interest.
• Cooperates with all relevant parties, i.e. Corporate Banking, Collections, Legal, for the effective management of clients with non-performing loans and the collection of debts and bank’s claims using all legal measures.
• Participates in the development and implementation of training courses for enhancing the ability of the Relationship Managers and Credit Officers to identify and handle of high risk clients.
• Interaction with Bankruptcy Trustees and Courts in validating the bank’s claims and ensuring Bankruptcy proposals are broadly aligned with the banks’ interests.

Proposals and Settlements:

• Oversees and participates (when required) in meetings with distressed borrowers in order to discuss and develop sustainable settlement plans that are appropriate for both parties (Al Rajhi Bank and the borrower) in line with internal policies, procedures and SAMA guidelines.
• Reviews all settlement plans and seeks the Loan Recovery head’s approval in order to raise, if necessary, legal cases against highly delinquent corporate customers.
• Ensures close collaboration with Al Rajhi Bank legal representatives to ensure compliance with internal and SAMA policies, procedures and guidelines.
• Oversees the archiving of portfolio client documentations ensuring ease of information accessibility.

Credit Monitoring:

• Ensure that ratings of all the obligors in the portfolio are reviewed at least on an annual basis.
• Monitor obligors in the portfolio on a proactive basis especially watch list clients and weak obligors in their respective portfolio.
• Co-ordinate with CAMC to monitor the delinquency status of the clients in its portfolio, identify the reasons of weaknesses and recommend action plans to deal with such delinquent exposures to Head of SAM.
• PDO monitoring and recommend action plan to Head of SAM from the remedial management perspective.
• Client meetings, especially the key clients or weak clients in the portfolio.

Comply/enhance – Credit & Risk Policies:

• Ensure compliance with bank’s corporate credit policies and procedures.
• Ensure compliance with Risk Management Policies of the Bank such as concentration limits etc.
• Involvement in development and revision as required for credit policies and procedures.

Involvement in development of credit/product programs.

People Management:

1. If required:

• Manage and oversee the team performance through performance planning, coaching and feedback, also to develop the skills and competencies required for effective individual professional and personal career growth.
• Direct and ensure the effective achievement of functional objectives through leadership.

Financial Objectives:

Achieve the assigned individual/group financial objectives on recovery and collection.

FRAMEWORKS, BOUNDARIES, & DECISION MAKING AUTHORITY: :

• Will have responsibility to recommend credit actions to the Corporate Remedial Committee or Credit Committee.
• Will have credit decision-making delegation at level 6 for portfolio (to be decided).
• Adherence to all regulations and control functions within the bank in order to ensure that governance, Audit, risk and compliance, fraud detecting and combating matters are carried out.

QUALIFICATIONS, EXPERIENCE, & SKILLS:

Minimum Qualifications:

• Degree in accounting or finance with honors, Masters or MBA will be viewed favorably.
• CA / CPA / CIA / CCSA / FRM / CFA / PRM Certification preferred.

Minimum Experience:

• 8 – 10 years’ experience in corporate banking and corporate credit risk.

Job-Specific Skills:

• Strong credit & structuring related skills.
• Good understanding of corporate credit rating models.
• Strong credit analytical and evaluation skills.
• Strong management, training and development skills.
• Must be intelligent, strategic, perceptive, a quick study, have a high level of energy, and have an excellent understanding of business operations and its people.
• Strong communication skills to clearly articulate his point of view in credit committees.