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GB1707 - Senior Manager Remedial

Business Unit: Wholesale Banking
Division: Corporate Banking
Department: Remedial Credit
Contract Type: Full Time
Area/Branches: Head Office
Closing Date: 30-Jun-2016

About Gulf Bank

Gulf Bank was established in 1960 and has since progressed to becoming an industry-leading financial services provider complemented by a large network of 55 branches strategically positioned in key locations across Kuwait.

The main groups of the Bank are Consumer Banking, Corporate Banking, International Banking and Treasury.

Job Purpose:

To manage assigned remedial accounts and to ensure maximum recoveries of Non-Performing Loans, Memorandum and other remedial accounts by implementing the Bank’s NPL reductions and recoveries strategies.

Accountabilities:

Debt Management:

  • Manage assigned remedial accounts effectively to ensure restructuring/ settlements will deliver maximum recoveries to reduce Non-Performing Loans ratio. 
  • Perform comprehensive due diligence and obtain additional information needed for developing strategies to ensure the Recovery Bank Strategy of reducing NPL and maximizing recoveries is achieved.

 Client Management:

  • Actively engage in meeting clients to identify and discuss potential opportunities for debt settlement by providing creative solutions, thus ensuring value maximization for the bank. Follow up on a regular basis with clients on the meetings held and the outcome of the interactions.

Remedial Management Reporting:

  • Prepare the required Monthly/Quarterly Reports of the Department.  
  • Assist in preparing Remedial Management reports/proposals to be presented to Committees including Remedial Credit Committee (RCC), Compliance Provisioning Committee (CPC), and Executive Risk Committee (ERC).

Generic Accountabilities:

  • Policies & Procedures: Recommend improvements to departmental policy and direct the implementation of procedures.
  • Corporate Governance: Ensure compliance with all CBK, GB operational procedures, Risk and AML policies and procedures
Education, Knowledge, Experience and Skills:

Education / Qualifications: Bachelor’s Degree in finance, accounting or similar discipline with a Certificate in credit management

Knowledge: Corporate Banking, Remedial Credit

Experience: 5-7 years in corporate banking sector with at least 2-3 years in remedial credits especially dealing in difficult debts and settlements.

Investment Banking and Corporate Finance experience plus regional Debt Restructuring Workouts experience.

Generic & Specific Skills:

  • Excellent Communication Skills
  • Analytical Thinking
  • Excellent Negotiation Skills
  • Remedial Management Orientation
  • Bilingual in Arabic & English
  • Proficient in MS Office
Note: you will be required to attach the following:
1. Resume / CV
 

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