CIB Recoveries Manager

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DFCU Bank is hiring a CIB Recoveries Manager responsible for proactively managing the Corporate portfolio in default (30 days to write-off and the charged/ written off book, Bad Bank book)  in order to maximize collections & recoveries and rehabilitate Watch accounts showing signs of deteriorating trends in order to turn their performance around and ensure full compliance with internal and statutory regulations and guidelines on asset quality to minimize losses to and maximize revenue for the Bank.

Reporting to the Manager- Collections and Recoveries – CIB

KEY ACCOUNTABILITIES:

Manage net credit losses (PAR; NPA ratios; Provisions &IIS and Fair Value) within agreed budget.

Support to achieve budget cure rates, collections & bad debt/written off account recoveries/ Bad Bank recoveries.

Ensure full compliance with BOU regulations and guidelines on asset classification and provisioning; failure of which can cause the bank penalties and/or loss of lending license.

Ensure full compliance with the Bank’s internal credit policy and procedures.

Devise and adhere to personal activity work plans to achieve set targets.

Manage and monitor external debt collection agencies, auctioneers and bailiffs and external lawyers performance to ensure adherence to guidelines, SLAs and to maximize productivity.

Review the Bank’s portfolio with Relationship Managers providing advice & guidance on “watch” accounts to ensure adequate monitoring and early identification of customers facing difficulties, deteriorating trends & root causes; addressing them at source to prevent recurrence and turnaround NPAs.

Regularly review the quality of the credit portfolio and ensure that it is soundly and conservatively valued and uncollectible exposures written off and probable losses adequately provided for in line with BOU guidelines failure of which can cause the bank financial penalties/loss and/or loss of license.

Propose, review restructures before submission to the relevant bodies for approval, to ensure that they make business sense and that the appropriate & adequate risk reward is achieved.

Negotiations with customers, sometimes in conjunction with other stakeholders in the bank regarding settlement agreements and implementation of collections strategy.

Establish & maintain liaison with other departments of the Bank, other banks and 3

rd

party collection agencies e.g. lawyers, bailiffs & solicitors, to ensure good communications and the prompt and efficient passage of information.

Ensure timely referral to