Senior Officer, FRR (UAE National)

About the Role
We are seeking an ambitious individual who is passionate about the banking and finance industry to join our team. This role is crucial in managing and implementing bank management decisions related to transferring accounts to the Financial Recovery and Restructuring (FRR) department, with a clear focus on adhering to Standard Operating Procedures (SOP). The successful candidate will excel at building effective relationships with colleagues and clients and delivering exceptional service.

Responsibilities

• Manage and implement bank management decisions for transferring accounts to the FRR department, ensuring adherence to SOP processes.
• Submit reports requested by bank management in a timely manner, including MIS reports and monthly reporting to the Board of Directors.
• Assist the Senior Financial Advisor in managing a delegated portfolio of non-performing assets, focusing on mitigating and reducing loss situations.
• Establish effective working relationships with non-performing defaulting borrowers to determine solutions that protect the bank's interests and enhance security.
• Submit settlement proposals with recommendations and comments to improve the recovery process.
• Liaise closely with other departments such as documentation and legal, ensuring continuous follow-up and monitoring to implement the bank-approved strategy for each account.
• Monitor the issuance and follow-up of all approved agreements for debt settlements, ensuring adherence to terms and conditions.
• Observe the development of non-performing loans, determining the appropriate stage for alternative actions, and adopting cost-effective measures based on the loan status for optimal recovery.
• Prepare monthly and required reports on the status of non-performing loans, providing updates on account developments and discussing next steps for stale accounts.
• Ensure compliance with auditors’ requirements and internal/external reporting obligations while adhering to the bank’s policy guidelines, maintaining high standards of uniformity and consistency across the organization.

Requirements

• University Degree.
• Post Graduate qualifications.
• Proficiency in Microsoft Office.
• Minimum of 3 to 5 years of banking experience, with at least 2 years in a Recovery unit, Credit Review, or Corporate Banking at a reputable financial institution.
• Strong command of English; proficiency in Arabic is an asset.
• Solid knowledge of banking laws and procedures.
• Excellent planning and organizational skills.
• Strong investigative and persuasive abilities.