Manager – FRR

Website Tanfeeth

Job Description:

Directly working with the SM FRR or Head in proactively managing all wholesale banking / Commercial Banking and Wealth Management non-performing accounts risk grade 5B, 5C & 5D (WB/CMB/WM NPF) 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 principal and profit.

Job Responsibilities:

  • Responsible for resolution of non-performing assets and problem loans by defining personalized strategies and actions plans to ensure value maximization and recovery.
  • Primary contact for WB/CMB/WM impaired assets, working pro-actively to manage exposures and mitigate loss.
  • Support in the managing of the Financial Restructuring and Remedial team in following up on all non-performing accounts in order to maximize recovery.
  • Undertaking negotiations with clients, banks and external legal counsel to developing recommendations to restructure facilities to improve the NPF ratio through identification and implementation of solutions to achieve the highest recovery rates.
  • Under the guidance of the SM FRR / Head, prepare memos with recommendations to be submitted to relevant Committees {Board Credit and Investment Committee (BCIC), Management Credit Committee (MCC) etc.} for decision making. Also provide input on provisions for proposed Non – Performing Portfolio.

Job Details:

Company: Tanfeeth

Vacancy Type: Full Time

Job Location: Dubai, UAE

Application Deadline: N/A

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