Overview

Senior Manager; Wholesale Recoveries 

Job Purpose:

To assess and manage troubled loans and other exposures which require a high degree of attention to minimize risks, prevent losses and restore profit through rehabilitation, restructuring and workout.

Main Responsibilities:

  • To coordinate and control the management of all Special Assets to ensure credit and other risks are properly identified and assessed.
  • Maintain and preserve Bank income streams where a turnaround can be achieved on special asset.
  • Formulate action plans and strategies for all accounts adopted by the unit in order to minimize bank’s risk
  • Support the Head, SAM to co-ordinate and control the management of all special assets to ensure credit and other risks are properly identified and assessed.
  • Manage impairment/provisions for non-performing loans
  • Manage all manner of transactions associated with the normal operations of the accounts managed by the unit.
  • Manage suspended interests and provisions
  • Lead, arrange and/or agree to participate in the formation of any creditors group for account managed by the unit.
  • Establish partnerships with business unit and credit department leading to close collaboration and early identification of stressed assets.
  • Provide professional business support aimed at resolving challenges faced by stressed clients.

Skills and Knowledge:

  • Good knowledge of BOT regulations on risk asset management, company law and law of insolvency.
  • Adequate knowledge and practice on lending policies, procedures and manuals.
  • Good understanding of Banks loan products and its end to end credit process.
  • Excellent business understanding of Legal Recoveries and ability to manage Collection agencies
  • In-depth knowledge of bank credit policies, procedures and systems.
  • Good Credit Appraisal, Restructuring Skills and Customer Relationship Skills.
  • High degree of communication, negotiation and interpersonal skills
  • Time management and organization skills
  • Leadership and Coaching skills
  • Standard computer skills.

Qualifications and Experience:

  • Undergraduate Degree or Equivalent  in Commerce, Finance, Banking, Accounting, Law or any other relevant qualifications from a recognized higher learning institution
  • Strong legal background is desirable
  • Banking experience of more than 5 years preferably in Special Asset Management, Business Support, or Workout
  • Unit in a Commercial Bank; out of which 2 should be at a managerial level.
  • Asset management exposure, Legal Recoveries and Collection agencies management.
  • Experience in building and developing high performance teams

MODE OF APPLICATION:

Click “APPLY FOR JOB” button above to apply for this job.

NOTE:

  • NMB Bank Plc is committed to creating a diverse environment and is proud to be an equal opportunity employer.
  • Please be advised that if you are not contacted within 14 working days of the advert closing date then you have not been shortlisted.
  • “NMB Bank Plc does not charge any fee in connection with the application or recruitment process. Should you receive a solicitation for the payment of a fee, please disregard it”.