SVP & Head of Restructuring - Quality Assurance

About the Role
This position is embedded within the Corporate Workout area, directly supporting the Head of the team on various crucial aspects such as restructuring, workout, recovery, liquidity governance, capital controls, and robust borrower management. The goal is to preserve value, safeguard the bank’s interests, optimize short-term liquidity, and obtain comprehensive, clear, and transparent information to maximize present-value recoveries while protecting the bank’s legal, capital, regulatory, and reputational position. This role requires Credit, Corporate Finance, and Risk competencies, as decision-making hinges on cost-benefit analyses and must be justified before Credit Committees, external auditors, regulators, and ratings agencies.

Key Accountabilities
A. Distressed Asset Strategy, Restructuring & Resolution

• Lead the end-to-end management of distressed and impaired exposures, from early diagnosis and viability assessment through restructuring, settlement, enforcement, insolvency, or exit, aiming to maximize risk-adjusted net recovery.
• Evaluate business reviews, financial models, cash flows, valuations, capital structures, security ranking, guarantor and sponsor support, and scenario sensitivities to determine credible recovery pathways.
• Structure and execute negotiated settlements, asset or debt sales, discounted payoffs, debt-for-equity or asset swaps, and other workout solutions, ensuring documentation, security perfection, conditions, covenants, and repayments remain compliant with approved terms.

B. Credit Judgement, Financial Analysis & Governance

• Prepare clear, well-supported credit, settlement, and recovery proposals for relevant committees, with recommendations based on borrower viability, credit soundness, governance requirements, and strategic alternatives.
• Compare recovery options using NPV, time-to-recover, funding and discount rates, legal and execution costs, collateral values, capital impact, and scenario or sensitivity analysis.
• Apply strong knowledge of corporate, project, and infrastructure finance structures, banking products, guarantees, EPC/O&M arrangements, and enforcement dynamics while providing disciplined monitoring and escalation of covenants, conditions, variances, and material developments.

C. Insolvency, Provisioning & Regulatory Management

• Manage insolvency, receivership, restructuring, and liquidation matters across applicable UAE, GCC, and international jurisdictions, including DIFC and ADGM where relevant, with knowledge of moratoria, creditor rights, and bankruptcy processes.
• Ensure timely and defensible risk classification, staging, provisioning, and write-off decisions under IFRS 9, ECL, and applicable CBUAE requirements, including DCF recovery assumptions, collateral valuation, and Stage 3 treatment.
• Assess the impact of restructuring and recovery decisions on RWAs, capital, NPL ratio, Cost of Risk, PD, and LGD, and represent or support the Bank in engagements with regulators, auditors, rating agencies, and other external stakeholders.

D. Quality Assurance & Innovation

• Lead the Internal Quality Assurance framework for CRD, defining risk-based review coverage, sampling, review standards, issue-rating criteria, and reporting to senior management.
• Perform independent thematic and case-level reviews across restructurings, non-performing assets, settlements, recoveries, collateral, legal actions, classification, staging, and provisioning to assess decision quality and control effectiveness.
• Ensure compliance with CBUAE Credit Risk Management Standards, IFRS 9, internal credit policies, delegated authorities, and applicable UAE and cross-border requirements; identify gaps early and drive regulator-defensible remediation.
• Challenge ECL and Stage 3 provision adequacy, including discounted cash flows, effective interest rates, recovery timing, collateral realization, scenario assumptions, overlays, model limitations, and data completeness.
• Assess the design and operating effectiveness of CRD governance, policies, controls, approvals, and management information; supported by clear audit trails from analysis and approval through execution and outcome.
• Translate file-level exceptions into portfolio themes, root causes, and forward-looking insights on asset-quality migration, concentrations, recovery performance, provisions, RWA, capital, and profitability.
• Present concise, evidence-based QA conclusions and action plans to CRD leadership, Credit, Risk, Finance, Internal Audit, external auditors, and regulators, and monitor sustainable closure of findings.

E. Controls, Data, Reporting & Transformation

• Own CRD policies, procedures, controls, and delegated authorities, ensuring alignment with CBUAE regulations, CRMS, internal credit frameworks, and applicable data-privacy requirements.
• Maintain complete and traceable records linking analysis, approval, execution, and outcomes, supported by accurate portfolio, watchlist, provisioning, and recovery data for audit, supervisory, and management review.
• Deliver reliable MIS, regulatory submissions, and timely escalation of material matters, while leading process, system, automation, AI, and analytics enhancements across the distressed-credit lifecycle.

Key Competencies & Domain Knowledge
The successful candidate will demonstrate strong expertise across credit risk, restructuring, recovery, and complex corporate financing environments, including:

• Financial Analysis & Business Viability: Advanced financial statement analysis, leverage, liquidity and cash flow assessment, quality of earnings review, forecasting, stress testing, and forward-looking business viability evaluation.
• Corporate Structures & Security: Assessment of group structures, guarantee frameworks, intercompany dependencies, capital structures, security packages, creditor ranking, and cross-default/cross-collateralization arrangements.
• Restructuring & Recovery Economics: Strong understanding of DCF valuation, time value of money, recovery analysis, scenario modelling, sensitivity testing, NPV assessment, and restructuring option evaluation.
• Credit Risk & Provisioning: Expertise in creditworthiness assessment, early warning indicators, distressed credit analysis, IFRS 9/ECL methodologies, non-performing exposures, provisioning, post-restructuring monitoring, and risk-adjusted performance metrics.
• Banking Products & Project Finance: Working knowledge of corporate and investment banking products, project finance structures, infrastructure and concession-based financings, cash flow waterfalls, DSCR/LLCR metrics, facility structuring, completion risk, and security assignments.
• Strategic Judgement: Ability to assess complex and distressed situations, challenge assumptions, formulate restructuring strategies, and present robust recommendations to senior stakeholders and decision-making committees.

Minimum Requirements

• A postgraduate degree in Finance, Economics, or a relevant discipline.
• A professional qualification such as CFA, FRM, CA, ACA, etc.
• 25+ years of work experience in a financial institution, with 15+ years in core banking, credit, risk, or restructuring across multiple credit cycles, both syndicate and bilateral lending.