Loan Review Mechanism Manager

About the Role
This role involves managing and overseeing the execution of Loan Review Mechanism (LRM) function activities through periodic credit reviews of the Bank’s portfolio. Responsibilities include compliance with regulatory directives and internal policies, strengthening review methodologies, and supporting the Head of LRM in identifying emerging risks. The position also ensures adherence to credit standards and contributes to reporting and corrective recommendations to mitigate portfolio credit risk.

Key Responsibilities

1. Loan Review Execution

   • Allocate review assignments based on portfolio risk, materiality, plan coverage, and team capacity.
   • Ensure reviews address borrower creditworthiness, financial performance, facility structure, security, documentation, and compliance with covenants, as well as internal/external regulatory compliance.
   • Conduct periodic reviews of corporate and retail credit portfolios in accordance with the approved Loan Review Mechanism plan.
   • Independently analyze borrower performance and creditworthiness from both financial and non-financial perspectives.
   • Highlight early warning signals and accounts showing signs of weakness to business teams and the Head of LRM.

2. Risk Identification and Mitigation

   • Identify loans exhibiting potential credit weaknesses and recommend appropriate remedial actions.
   • Monitor credit quality across sectors and assess industry concentration risks.
   • Provide input into strategies for reducing credit exposures in vulnerable sectors or customer segments.
   • Follow up on corrective plans according to the escalation methodologies per plan and procedures.

3. Reporting and Analysis

   • Prepare loan review reports with detailed findings and observations, highlighting non-compliance with policies or regulatory standards.
   • Analyze the adequacy of credit documentation and loan loss provisions.
   • Contribute to Management Information System (MIS) reports and internal dashboards as directed by the Head of LRM.

4. Policy Compliance and Process Adherence

   • Ensure reviewed accounts comply with internal credit policies, CBO guidelines, and lending standards.
   • Monitor deviations or exceptions from policy and escalate critical issues to the Head of LRM.
   • Assist in enhancing internal review frameworks and guidelines to align with regulatory changes.
   • Support the Head of LRM in maintaining independence, objectivity, and effectiveness of the LRM Function.

5. Stakeholder Coordination

   • Liaise with business units to obtain relevant information and ensure alignment on review findings.
   • Challenge business responses and proposed corrective actions where evidence is insufficient or risks remain unaddressed.
   • Support engagement with internal stakeholders and regulatory authorities (e.g., Central Bank of Oman) as required.
   • Participate in cross-functional projects or audits related to the Loan Review Mechanism.

6. Special Assignments

   • Support the Head of LRM in carrying out special reviews, investigations, and other assignments as advised.
   • Contribute to the development and periodic reviews of LRM policies, procedures, and annual plans.

Requirements

• Omani Nationals only.

Education and Experience

• Education: Bachelor’s degree in Business, Finance, Economics, or related fields.
• Experience: Minimum 8-10 years in credit risk, audit, or financial analysis roles, preferably in banking or financial services.