Head; Special Asset Management
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 productsKnowledge in Credit Appraisal and debt restructuring.Understanding of end-to-end credit process.Relationship Management skills.People management skillsPlanning 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.
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