The incumbent will be responsible to coordinate and implement restructuring and recovery activities for all non-performing loans (NPL) products of the bank
Core responsibilities;
- Initiate and develop restructuring and recovery strategies towards reduction of non-performing loans (NPL) levels as targeted by bank’s management.
- Review and recommend releases/reinstatement of provision/impairment and interest in suspense for management approval.
- Fully manage all special assets to ensure credit and other risks are properly identified and assessed.
- Co-ordinate and manage all banks appointed external agencies (debt collectors, auctioneers, receiver manager etc.) and other third party vendors.
- Initiate loan write-offs and abandonment in accordance with BOT regulations and provide recommendation for Board approval.
- Formulate guidelines to ensure early identification and management of special asset names for improvement of risk management in the bank.
- Lead and develop general framework for collections and recoveries of all bank loan products.
- Provide professional business support to resolve challenges faced by stressed clients and provide guidance to the Special Asset Management team
Attributes;
- Business understanding of Risk Management, BOT regulations on risk asset management, company law and law of insolvency.
- Good understanding of market best practice and NMB lending policies and loan products
- Knowledge in Credit Appraisal and debt restructuring.
- Understanding of end-to-end credit process.
- Relationship Management skills.
- People management skills
- Planning and Organization skills
Qualifications and Experience;
- MBA, or Post-Graduate degree in Banking, Finance, Commerce, Accounting and Economics.
- More than 5 years of banking experience in Special Asset Management/Business Support or Workout Unit in a Commercial Bank.
- Demonstrated experience in risk asset management especially on loan classification, provision, write-off and problem solving.