Financial Restructuring and Remedial Manager

We are looking for powerful players, game-changers and future leaders. At Emirates NBD, you will be part of an organization that puts its own people first, celebrates uniqueness and welcomes talent with open arms. Emirates NBD is expanding its services internationally across sectors including retail banking and wealth management, corporate and institutional banking, global markets and treasury, and Islamic banking. Join us and shape the future of banking.

Job Purpose:

The Financial Restructuring and Remedial Unit proactively develops and implements strategies for handling the Corporate accounts of ENBD Group that are rated Risk Grade 5 and below to prevent losses and maximize recovery from assigned delinquent corporate accounts. The unit is responsible for maximizing recovery from this portfolio as recovery has a direct impact on the operating profit, level of NPLs, improvement in credit quality and reducing Net Risk on unprovided accounts.  The unit also actively engages with business units to prepare action plans for accounts rated Watchlist (Risk Grade 4) to reduce any potential negative impact on profit. Unit is expected to achieve both the cash recovery and write back targets assigned by the management and monitor civil and criminal cases of corporate accounts. The ideal candidate will perform the following tasks:

• Proactively managing all wholesale banking non-performing loans risk grade 5, 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 capital and interest.
• Undertaking negotiations with clients, banks, and external legal counsel to developing recommendations to restructure facilities to improve the WB NPL ratio through identification and implementation of solutions to achieve the highest recovery rates.
• Develop recommendations/proposals to Coordinating/Steering Committees of Creditors, Board Credit and Investment Committee (BCIC), Management Credit and Investment Committee (MCIC) and providing input on provisions for proposed Non-Performing Portfolio. Execute recommendations following approvals/decisions. Provide updates, recommendations & strategy on NPL managed accounts to Committee meetings.
• Solutioning of non-performing assets and problem loans by defining personalized strategies and actions plans to ensure value maximization and recovery
• Primary contact for Wholesale Banking impaired assets, working pro-actively to manage exposures and mitigate loss.
• Recovering of bank assets and propose any remedial action that may be required, including legal.
• Support in the managing of the Financial Restructuring and Remedial team in following up on all non-performing loans to maximize recovery.

Person Specification:

• Bachelor’s degree in finance, Economics, or any related field.
• 7-10 years of banking experience.
• Financial restructuring and remedial knowledge

• Communication skills.
• Problem solving skills.
• Concern for quality.
• Strong interpersonal skills.
• People management.