Senior Recovery Manager-Special Assets

Reporting to the Head Special Assets and Corporate Recoveries, the Senior Manager Special Assets shall be responsible for the delivery of turnaround strategies to a portfolio of predominantly corporate customers experiencing financial distress. This would include recommending and monitoring the objectives, strategies and actions that need to be adopted to address business-risk issues, reduce the Bank’s risk, and achieve long lasting turnaround solutions so that the customer can be returned to acceptable Credit Risk profile.

Key Responsibilities

• Review and understand complex Early Alert and Recovery Corporate client’s relationships in conjunction with the Corporate Units Heads and Relationship Managers.
• Act as a reference point for Corporate Relationship and Credit teams for discussion on specific cases or where more general input from turnaround “specialist” is required. 
• Support the Corporate and Credit Director in the early identification of problem accounts. 
• Effectively communicate key Risks on deals both internally and externally in a professional manner, often communicating difficult messages.
• Actively manage customers through customer visits and ensuring that business and banking risk issues are addressed in a timely manner.
• Manage customer relationships ensuring Business and Banking risk issues are addressed in a timely manner. 
• Lead detailed negotiations with customers, obtain commitment to implement appropriate strategies and actions to improve Business and Bank risk concerns. Monitor customers’ progress by appraising results revealed by their reporting. 
• Sanction new lending propositions, strategies and actions demonstrating well thought out decisions and judgement for deals within discretion, undertake analysis and recommendations for decision above discretion.
• Proactively develop and manage relationships with key stakeholders including regulators, build and develop relationship across the bank to breakdown silos and maximize business growth. The role holder will also represent the Bank in lenders meetings for syndicated or problem accounts.
• Develop a network of Professional contacts in order to maximize benefits in the development of Turnaround/Exit strategies & solutions. 
• Ensure compliance to the Bank’s policies, procedures, and regulatory requirements. Ensure sufficient IFRS9 and Regulatory impairment is recognized for portfolio under control. 
• Review existing Standard Operating Procedures to simplify the current processes and improve turnaround times for Corporate Banking clients within the Special Assets portfolio.
• Manage and maintain robust monitoring, controls and risk management for the Special Assets portfolio.
• Provide leadership to a team of relationship managers responsible for the management of special assets portfolio.

The Person

For the above position, the successful applicant should have the following:

• Bachelor’s degree from a recognized university.
• Professional Qualifications Credit Certifications
• Master’s degree in management studies is an added advantage

Experience

• A minimum of 8 years’ experience in a similar.
• At least 8 years’ experience in Credit and Risk Management.
• 6 years’ experience in Special Assets Management.
• At least 5 years’ experience in the following; -

• Business relationship management.
• Corporate portfolio management.
• Stakeholder management.

• 3 years’ experience in People management.
• 5 years’ experience in Financial analysis & reporting.

The above position is a demanding role for which the Bank will provide a competitive remuneration package to the successful candidate. If you believe you can clearly demonstrate your abilities to meet the criteria given above, please log in to our Recruitment portal and submit your application with a detailed CV.

To be considered your application must be received by Friday 5^th April 2024.

Qualified candidates with a disability are encouraged to apply.

Only short-listed candidates will be contacted.