VP- Restructuring & Governance

 FAB, the UAE's largest bank and one of the world's most secure financial institutions, is dedicated to creating value for its employees, customers, shareholders, and communities. Through innovation, agility, and differentiation, FAB is committed to fostering growth. We are looking for top talent and your success is our success. Accelerate your growth as you help us reach our goals and advance your career. Be ready to make your mark a top company, in an exciting and dynamic industry

PURPOSE OF JOB

This role, based at the Abu Dhabi Head Office, will be responsible for owning and managing portfolio governance for the Credit Restructure team, including (but not limited to) all reporting/MIS, Policy, Regulatory reporting, etc. Additionally, the role is also responsible for the management of a portfolio of distressed exposures, as assigned and amended from time to time, with the aim of achieving maximum recoveries whilst managing all risks such as operational, credit, reputational and other potential risks.

• Take charge of all MIS & Reporting, including regulatory reporting.
• Contribute to forward looking planning, budgeting, etc.
• Attend to internal, external, UAECB & any other audit relevant inquiries. 
• Oversee the monitoring of past due, watch list and provisioning reports for potential new cases.
• Risk, Governance and Compliance: from a CRD perspective, manage and follow up the implementation of risk and governance policies, regulations and procedures, and compliance in alignment with the international best practices.
• Ensure all MIS and data, reports, etc. are submitted accurately and at the specified deadlines.
• To negotiate the restructuring of exposures to preserve the bank’s position and to maximize the prospects of recovery, after analysis of the file and of the relevant markets.
• To identify suitable treatment, options & optimum exit strategies & prepare credit applications as required containing detailed credit analysis and justifications for the restructuring being recommended.
• To undertake full diligence. Make detailed recommendations for resolving situations based on your own analysis and any professional advice received.
• Post Principal consent from Senior management, build tentative/final term sheet, negotiate terms & obtain sign- off from the client complying with bank’s approvals.
• To ensure that credit decisions are documented correctly and that the day-to-day operations of the clients’ accounts are running smoothly.
• Process drawdowns & obtain (external & internal endorsements as applicable)
• Monitor and Ensure completion of CPs and CSs & test (restructuring) covenants on relevant due dates. Ensure all operational matters are dealt with for the assigned portfolio.
• Ensure that all general and information undertakings are adhered to.
• Scrutinize client’s financial performance on Regular basis. Spread financials on MRA and ensure that correct risk rating is reflected on all internal systems.
• Monitor project milestones and costs and conduct periodical site /Client visits.
• To conduct adhoc portfolio reviews of vulnerable sectors and provide proactive policy prescriptions.
• Assist with the portfolio stress testing and quarterly provisioning exercises to manage NPLs and impairments related to the vulnerable portfolio.
• Follow up, keep track, and report all recoveries such as repayments of interest and principal (both scheduled repayments & /or cash sweep), Collect and appropriate rental income/sales proceeds/share dividends/ other income assigned to FAB.
• Work with product partners to ensure all existing documents are perfected in accordance with the latest sanction and no late payments, no over dues, and no excesses over approved limits.
• Perform ongoing due diligence of our security to ensure all valuations are up to date and all security coverage ratios are met.
• Maintain proper follow up and coordination with legal department in case of legal action being pursued. Attend to legal and court calls and work closely with legally appointed accounting experts.
• Nurse relationship and relevant exposure carefully to prevent any further deterioration and to proactively read symptoms and warning signs to ensure optimum exit.
• Process applications for upgrade and removal from vulnerable portfolio once the case has been treated and proven to have returned to an acceptable healthy status & ensure smooth hand over back to business unit
• Oversee the ongoing follow-up of all local and regional government regulations and global best practices to ensure their application and compliance.
• Ensure the implementation of policies and programs that contribute to building an environment of trust, transparency, accountability and business integrity; to support CRD in achieving its objectives and to continuously improve its reputation.
• Ensure to follow & implement CRD Policies & Procedures on a regular basis and ensure these remain aligned in management of vulnerable portfolio and fit-for-purpose.
• Complete all other tasks that are assigned by Unit Head from time to time in order to assist with the execution of the team’s strategy and goals.

KEY ACCOUNTABILITIES:

• Ensure delivery of all reporting requirements for the team portfolio accurately and timely.
• Ensure that functional and related strategic plans are developed and implemented, which are aligned with the vision and mission of the Group.
• Evaluate the existing problematic debt exposures to identify potential work out situations and default scenarios. Make recommendations on how the advances should be restructured to avert the possibility of default.
• Overall responsible for upholding and monitoring compliance with prevailing rules and regulations with respect to identifying delinquent clients classifying them and calculating the necessary provisions. 
• Ensure that allocated client relationships are managed in a professional manner and that any operational issues are dealt with promptly.
• Produce & share lessons learned with Business and Risk as applicable.
• Other internal reporting as required.

Minimum Qualification

• Postgraduate degree in Finance/economics or a related discipline.
• Relevant professional qualification such as CA/CFA (preferred, not mandatory).
• Excel skills: Advanced skills in working with Excel is an absolute must.

Minimum Experience

• 15 years’ relevant experience in the banking sector with at least 5 years in similar positions of progressively increasing managerial responsibilities in relevant functions.
• Experience of loan restructuring/work outs during previous economic cycles
• Track record in loan asset management and monitoring
• Familiarity with both syndicated and bi-lateral lending
• Previous experience of both relationship management and credit risk
• Experience of working with MS Excel and other data management applications, and working with a large data set with the ability to accurately pivot / analyse and present complex data.