AVP- Credit Restructuring - (UAEN Only)

Job Description

Company DescriptionAre you a highly driven Emirati banker with 3+ years of experience? The FAB Specialized Banker Program is tailor-made for you.The 2-year learning and development journey offers personalized coaching, hands-on training, and expert mentorship to accelerate your career progression to a senior leadership role.

•   Evaluate the existing problematic debt exposures to identify potential work out situations and default scenarios through detailed financial analysis and research
•  Prepare & review financial models and challenge cash flows.
• Apply SWOT, Pros & Cons, sensitivity analysis.
• Evaluate information memorandum and independent business reviews.
•  Review project progress reports & client visits reports.
• Analyze various applicable scenarios.
• Analyze information sources from external advisors.
• Make recommendations on how the advances should be restructured to avert the possibility of default
•  Liaise closely with other internal teams.
• Keep the team management regularly informed
• Undertake the required internal reporting.
• Scrutinize clients financial performance.
• Monitor and test (restructuring) covenants on relevant due dates.
• Ensure that all general and information undertakings are adhered to
• Monitor project milestones and costs and conduct periodical site visits.
• Ensure completion of CPs & CSs.
• Monitor payments and repayments.
• Process drawdowns & obtain (external & internal endorsements as applicable)
• Ensure and follow regular repayments of interest and principle (both scheduled repayments & or cash sweep).
• Collect and appropriate rental income/ sales proceeds/share dividends/other income assigned to FAB.
•  Work with product partners to ensure all existing documents are perfected in accordance with the latest sanction and no late payments, no over dues and no excess over approved limits.
•  Process stress test on sufficiency of current provisioning and propose adjustments ( if necessary)
• Spread financials on MRA and ensure that correct risk rating is reflected in all internal systems.
•  Perform ongoing due diligence of our security to ensure all valuations are up to date and all security coverage ratios are met.
•  Manage NPLs and impairments related to the vulnerable portfolio.
•  Monitor and report the changes to provisioning requirements.
•  Maintain proper follow up and coordination with legal department in case of legal action being pursued.
•  Attend to legal and court calls and work closely with legally appointed accounting experts.
• Process applications for upgrade and removal from vulnerable portfolio once the case has been treated and proven to have returned to an acceptable healthy status.
•  Participate/assist the team to produce & share with business and risk lessons learned based on case within own portfolio.
•  Ensure smooth handover back to Business Unit.
•  Functions within the framework and boundaries of Group policies as well as overall organisational and governance frameworks.
•  Authorised to take decisions as per the approved authorisation matrix.

Qualifications  Bachelors degree in Finance/economics or related discipline.Minimum Experience 3 years relevant experience in the banking sector progressive experience in the following function.

• Experience of loan restructuring/work outs during previous economic cycles
• Track record in loan asset management and monitoring
• Familiarity with both syndicated and bi-lateral lending
•  Previous experience of both relationship management and risk
• Sensitivity to important client relationships

Additional Information-        Manage restructuring of advances that are not performing as originally anticipated, together with the overall management of these relationships.-        To analyse existing allocated client loan exposures, providing recommendations for restructuring to avoid default scenarios and identifying appropriate strategies for managing exposures.-        To carry out detailed financial modelling and research to support the recommended strategy for resolving difficult lending situations in the best interests of the bank.-        To prepare credit applications as required containing detailed credit analysis and justifications for the restructuring being recommended.-        To conduct portfolio reviews of vulnerable sectors.-        To monitor closely the banks reports including past due, watch list and provisioning reports for potential new cases, report & flag out any early alert or warning sign.-        Assist with the portfolio stress testing and quarterly provisioning exercises.-        To assist the CRD Management in adhoc tasks and in the execution of the overall strategy for the team.

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