AVP Credit Lead- Restructuring

2 weeks ago


Abu Dhabi, Abu Dhabi, United Arab Emirates First Abu Dhabi Bank Full time

JOB PURPOSE:

Manage restructuring of advancesthat are not performing as originally anticipated together with theoverall management of these relationships.

Toanalyse existing allocated client loan exposures providingrecommendations for restructuring to avoid default scenarios andidentifying appropriate strategies for managingexposures.

To carry out detailed financialmodelling and research to support the recommended strategy forresolving difficult lending situations in the best interests of thebank.

To prepare credit applications as requiredcontaining detailed credit analysis and justifications for therestructuring being recommended.

To conductportfolio reviews of vulnerable sectors.

Tomonitor closely the banks reports including past due watch list andprovisioning reports for potential new cases report & flagout any early alert or warning sign.

Assist withthe portfolio stress testing and quarterly provisioningexercises.

To assist the CRD Management in adhoctasks and in the execution of the overall strategy for theteam.

KEY ACCOUNTABILITIES:

Evaluate the existingproblematic debt exposures to identify potential work outsituations and default scenarios through detailed financialanalysis and research

Prepare & reviewfinancial models and challenge cash flows.

ApplySWOT Pros & Cons sensitivity analysis.

Evaluate information memorandum and independent businessreviews.

Review project progress reports& client visits reports.

Analyse variousapplicable scenarios.

Analyze informationsources from external advisors.

Makerecommendations on how the advances should be restructured to avertthe possibility of default

Liaise closely withother internal teams.

Keep the team managementregularly informed

Undertake the requiredinternal reporting.

Scrutinize clients financialperformance.

Monitor and test (restructuring)covenants on relevant due dates.

Ensure that allgeneral and information undertakings are adheredto

Monitor project milestones and costs andconduct periodical site visits.

Ensurecompletion of CPs & CSs.

Monitorpayments and repayments.

Process drawdowns& obtain (external & internal endorsements asapplicable)

Ensure and follow regular repaymentsof interest and principle (both scheduled repayments & orcash sweep).

Collect and appropriate rentalincome/ sales proceeds/share dividends/other income assigned toFAB.

Work with product partners to ensure allexisting documents are perfected in accordance with the latestsanction and no late payments no over dues and no excess overapproved limits.

Process stress test onsufficiency of current provisioning and propose adjustments ( ifnecessary)

Spread financials on MRA and ensurethat correct risk rating is reflected in all internalsystems.

Perform ongoing due diligence of oursecurity to ensure all valuations are up to date and all securitycoverage ratios are met.

Manage NPLs andimpairments related to the vulnerable portfolio.

Monitor and report the changes to provisioningrequirements.

Maintain proper follow up andcoordination with legal department in case of legal action beingpursued.

Attend to legal and court calls andwork closely with legally appointed accountingexperts.

Process applications for upgrade andremoval from vulnerable portfolio once the case has been treatedand proven to have returned to an acceptable healthystatus.

Participate/assist the team to produce& share with business and risk lessons learned based oncase within own portfolio.

Ensure smoothhandover back to BusinessUnit.

Qualifications :

MinimumQualification

  BACHELORSDEGREE IN FINANCE/ECONOMICS OR RELATEDDISCIPLINE.

MinimumExperience

  3 YEARSRELEVANT EXPERIENCE IN THE BANKING SECTOR PROGRESSIVE EXPERIENCE INTHE FOLLOWING FUNCTION.

Experience of loanrestructuring/work outs during previous economiccycles

Track record in loan asset management andmonitoring

Familiarity with both syndicated andbilateral lending

Previous experience of bothrelationship management and risk

Sensitivity toimportant clientrelationships

RemoteWork :

No

EmploymentType :

Fulltime

Key Skills
PresentationSkills,Risk Management,FinancialServices,IFRS,Banking,Pricing,Analysis Skills,SecuritiesLaw,Investment Banking,Relationship Management,StrategicPlanning,Leadership Experience
Experience: years
Vacancy: 1

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