Summary

The incumbent will be responsible for assisting the portfolio of delinquent [Corporate Banking] customers assigned by the SVP, Corporate Remedial with the objective of progressively reducing overall overdue credit exposure of the bank through implementation of loan re-structuring, 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.

The incumbent will assist with immediate assessment of the bank’s position, identify and contain risks, evaluate and secure bank’s collateral interests, and formulate remedial strategy through negotiation, preparation and finalization of re-structuring Agreement, and or taking of necessary legal action and enforcement of security if any, and the aggressive pursuance of the repayment of the overdue debt through all legal and market accepted means in accordance with QNB policies and procedures and in compliance with QCB regulations,.

Responsibilities

• Ensure full knowledge and understanding of all cases assigned including reviewing all customer and deal information including conducting site visits, and assessing the true status of the customer’s business,

• Maintain close links with market intelligence to quickly respond to identified risk issues and potential problems.

• Conduct comprehensive legal documentation review in conjunction with QNB Legal counsel to assist in building up bank’s case against the customer and formulating bank’s re-structuring / collection strategy

• Collection updated information on the customer by conducting comprehensive checking’s with all possible resources including QCB Credit Bureau, other bankers, suppliers, buyers, competitors and other relevant third parties

• Determine updated collateral [real estate and movable assets] values and mark to market values of securities pledged – if any, and assess the liquidity of such collateral to estimate recovery potential upon liquidation scenario execution.

• Implement approved strategy for negotiation, formulation and finalization of re-structuring / re-scheduling agreement with defaulting clients with the best interests of the bank in mind, and ensure close follow up and monitoring for compliance with agreements,

• Implement agreed workout, collection strategies and procedures in an efficient and effective manner, and continuously identify ways to improve collection process to ensure practical and feasible implementation.

• Initiate and recommend referring severe cases to Legal Department for litigation process.

• Monitor the progress on civil/ criminal legal actions filed against defaulting customers through liaison with the Legal personnel

• Manage the public auctions process and ensure the independence over the selection and evaluation of bids.

• Recommend loan loss provisions in accordance with Bank’s policies and procedures and QCB requirements.

• Keep close tabs and follow up on customer activities and whereabouts through communication with such customer’s employer, Telecommunication companies, Ministry of Interior information centers, credit bureaus, etc.

Experience

• Bachelor’s degree preferably with a Major in Marketing, Banking, Finance, Accounting, Economics, Business Administration or Information Technology, MBA or equivalent banking related training

• Strong analytical skills and the ability to communicate both verbally and in writing with all levels of management.

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

• Adequate background and understanding of economic theory and principles.

• Strong analytical skills and ability to communicate both verbally and written with all levels of management.

• Superior knowledge of MS Word, Excel and Power Point applications for report presentations, financial analysis, cash flow projections, financial modelling.