Role Purpose:
Manage identified, and classified assets to minimize loss and maximize recoveries by adapting appropriate workout solutions.

Key Accountabilities of the role     

• Conduct, monitor, and steer overall restructuring and/or remedial and/or settlement activities (“workout”) until completion for relationships under management.
• Develop/review strategy for each relationship management and confers the same with the line manager and/or Head of GSAM to ensure effective adherence to the approved workout strategy.
• Produce credit proposals, analysis, and recommendations on the best way to manage distressed accounts through workouts in order to maximize recovery.
• Attend all internal and external audit issues promptly to comply with the Bank’s policies and Central Bank regulations.
• Maintain updated data/statistics for accounts under management and completed files (including documentation, contracts, and securities with the respective credit/Legal/Sharia approvals).
• Ensure a well-ordered and effective housekeeping portfolio with no overdue and expired items.
• Propose legal action wherever necessary and coordinate with internal and external legal counsel to identify the appropriate legal strategy and follow up on the legal proceedings in the cases in litigation within the assigned portfolio.
• Review preemptively the classification and provision level of the accounts and propose amendments where necessary in line with the Bank’s Credit Loss Provisioning Policy.
• Provide input for the improvement of systems, processes, and practices while considering best practices, and any changes in the business environment which demand proactive action plans.
• Coach junior team members in order to improve their competencies to reach the next level.
• Report and update the status of the assigned portfolio regularly to maintain the quality and standards of the Bank.
• Ensuring that key decisions with significant impact on the Bank and/or GSAM Department are always referred to the Head of GSAM.
• Comply with laws, rules, and regulations, including but not limited to AML, OFAC/ sanctions, and reporting suspicious activities.
• Strict adherence to Sharia principles and the values of the bank

• Capable of analyzing situations, strategizing, and selecting the best course of action.
• Experience in developing markets.
• Ability to work as part of a team or alone.
• Good presentation and negotiation skills.
• Ability to work under stiff targets, and work pressure, rightly prioritizes and delivers results.
• Ability to align Risk Mitigants and Business Objectives to support recovery objectives.
• Team player – able to work within a group and promote a cross-functional environment.