Ensure understanding of the strategic objective for the Bank and support in achieving the department's strategy and related strategic plans.
Key Responsibilities:
- Achieve effective implementation of debt restructuring strategies for distressed portfolios.
- Appraise restructuring proposals and ensure alignment with the Bank’s credit policies and risk appetite.
- Assure compliance with internal policies, regulatory requirements, and SAMA guidelines.
- Conduct financial analysis of distressed clients to identify viable restructuring solutions.
- Identify restructuring opportunities and negotiate repayment terms with customers.
- Liaise with Corporate Credit, Risk, Legal, and Recovery teams to ensure effective case resolution.
- Ensure timely execution of restructuring plans and monitor performance against agreed terms.
- Provide periodic reports on restructuring portfolio performance, risks, and recovery outcomes.
- Communicate key risks, issues, and recommendations to senior management.
- Contribute to enhancement of restructuring frameworks, processes, and policies.
Qualifications & Experience:
- Bachelor’s degree in Finance, Accountant, Business Administration or a relevant major is preferred.
- CFE, CAMS, ICA, or equivalent professional certificate is preferred.
- Around +5 years of experience with a preference 3 years of experience in a relevant role.
- Prior experience in Debt Restructuring, Credit Risk Management, or a relevant field is preferred.
Key Skills:
- Debt Restructuring
- Financial Analysis and Modeling
- Negotiation and Settlement Skills
- Debt Recovery and Collections
- Risk Assessment and Portfolio Management
- Mitigation Strategies