Person

The incumbent will be responsible for managing and close monitoring of large and complex non performing loans (NPL) customers assigned by Group Chief Credit Officer with the objective ensuring compliance with agreed restructuring strategy and progressively reducing overall overdue credit exposure of the bank through implementation of loan collection and collateral asset sale strategies using coordination and interaction with the defaulting customers, legal personnel, the state police authorities and external debt collection agencies hired by the bank, if any. 

Experience

Closely monitor the progress of civil / criminal legal actions filed against defaulting customers through liaison with the Legal personnel [and the state police authorities – if such is necessary.

Recommend engagement of competent and reputable external debt collectors to augment overdue loans collection efforts, especially for complex cases and overseas defaulters overseas, and manage the relationship by ensuring the existence of a process whereby timely and updated information regarding defaulting / absconding customers is provided to them to help the agencies in their efforts to track such customers; and in turn periodic collection status reports are given to the Department to update us on developments.

Prepare timely and accurate information concerning the bank’s Special Credits and Work out portfolio and collection progress status reports to the Group Chief Credit Officer and concerned Senior Management, the internal and external auditors, and Group’s Compliance and Legal functions, relevant regulators, as and when required

Build and maintain strong and effective relationship with concerned entities, departments and units within the QNB Group who are directly or indirectly involved with special credit and workout accounts to ensure the best interests of the bank are protected and to achieve the Group’s goals and objectives.

Keep abreast with current developments and most recent relevant issues with regards to local and International regulatory circulars, guidelines and pronouncements affecting special credit and workout accounts exposure of QNB Group. Coordinate with Compliance units at Head Office and concerned QNB Group international operations, to regularly obtain updates on regulatory changes pertaining to relevant credit risk related matters and issues pertaining to the respective domiciles of the QNB unit booking such credit, and assess their impact on the Group’s credit risk profile and exposure, and immediately execute necessary corrective or preventive action, if any. 

Prepare timely and accurate information, or response to queries, [as requested] to relevant regulators where QNB Group operates, the external and internal auditors and the Compliance function as and when required, and ensure that all of the audit recommendations and comments are immediately addressed and are taken into consideration.

Qualifications

University graduate with a degree preferably in finance, economics or related subjects.

Masters degree or equivalent banking related training or Professional certification preferred.

Minimum of 8 years experience in a major international bank [or other comparable financial services or consultancy company] in a corporate or risk function

Minimum 3 years in a special credit and work out function.

Excellent oral and written communication skills in English. Fluency in Arabic preferred not required.

Good background and experience in Corporate Finance, Retail and Private Banking, Investment Banking and banking operations in general.

Good proficiency in credit concepts and best market practices for credit / risk assessment and mitigation.

Good knowledge of Bank’s credit / risk policies and procedure; QCB and other regulatory guidelines, and international financial markets and industry norms and best practices.

Good knowledge of bank’s lending and non-lending products and services.

Good pproficiency in risk concepts, banking products/ operations/ systems, pertinent regulatory requirements, International Accounting Standards and related pronouncements, including related best practices.

Good knowledge and experience in financial packaging, structuring of credit facilities.

Good knowledge and experience in preparation, review and approval of legal [credit / loan and security] documentation; and remedial / work out / restructuring facilities agreements.

Good negotiations and arbitration skills.

Good quantitative / financial modelling, analytical, and research skills.