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Job Vacancies at NMB Bank Plc
Senior
Manager, Recovery
Job
Purpose: Responsible for coordination and implementation of the restructuring
and recovery activities for all non-performing loans (NPL) products of the bank
and to provide special attention and support to stressed relationships to
ensure proper co-ordination and control of all special assets to prevent
losses, maximize recoveries and restore profits through rehabilitation,
restructuring, work-out and direct recovery.
Main
Responsibilities
Assist
Head of SAM to initiate and develop restructuring and recovery strategies
towards reduction of non-performing loans (NPL) levels as targeted by bank’s
management.
Management
of all Special Assets to ensure credit and other risks are properly identified
and assessed.
Provide
professional judgment to ensure proper impairment level/provisions is taken
consistent with BOT/IFRS regulations/guidelines and bank’s internal policy.
Assist
Head of SAM to develop general framework for collections and recoveries of all
bank’s loan products.
To
assist Head of SAM to coordinate and manage all banks appointed external
agencies (debt collectors, auctioneers, receiver manager etc.) and other third
party vendors.
Assist
Head of SAM to supervise and coordinate preparation/submission of statutory and
regulatory reports to BOT.
To
provide professional business support to resolve challenges faced by stressed
clients
To
initiate loan write-off and abandonment in accordance with BOT regulations and
provide recommendation for Board approval.
Presentation
of SAM strategy on case by case to Management Credit Committee and Board Credit
Committee for approval.
To
assist Head of SAM to review and recommending for releases/reinstating of
provision and interest in suspense for CREDCO approval.
To
implement guidelines to ensure early identification and management of SAM names
for improvement of risk management in the bank.
To
assist Head of SAM to oversee quarterly credit portfolio review and monthly
review of loan portfolio quality report and make recommendations for corrective
measures.
Support
branches in all recovery strategies and guide them appropriately to maximize
recoveries from NPL and Written off loans.
Manage
Recovery Unit; provide leadership to a team of recovery officers and ensure
full implementation of various recovery strategies to maximize recoveries from
stressed assets.
Support
Debt Collectors and provide recovery solutions during recoveries/ auctioning of
properties across the network.
Arrange
and manage all SAM Committee monthly meetings and ensure the meeting is held as
per the agreed schedule.
Read
Also:
THE
LIST OF NEW OPPORTUNITIES (617+ POSTS)
Knowledge
and Skills required:
Good
knowledge of BOT regulations on risk asset management, company law and law of
insolvency.
Adequate
knowledge and practice on lending policies, procedures and manuals.
Good
understanding of the Bank’s loan products and its end to end credit process.
Good
knowledge of bank credit policies, procedures and systems
Good
Credit Appraisal, Restructuring Skills and Customer Relationship Skills.
High
degree of communication, negotiation and inter-personal skills
Time
management and organization skills
Leadership
and Coaching skills
Good
communication and negotiation skills.
Standard
computer skills.
Good
skills on Performance Management and effective risk management and be able to
promote strong risk management culture
Qualifications
and Experience
Holder
of MBA, University Degree or equivalent post graduate qualification in Banking,
Finance, Commerce (Accounting)/Economics or equivalent qualifications from
recognized higher learning institution
Holder
of professional certificate in Risk Asset Management will be an added
advantage.
Banking
experience of more than 5 years preferably in Special Asset Management/Business
Support or Workout Unit in a Commercial Bank
Experience
on risk asset management especially on loan classification, provision,
write-off and problem solving.
This
position is open to Tanzanian nationals only.
Please
be advised that if you are not contacted within 14 working days of the advert
closing date then you have not been shortlisted.
NMB
Bank Plc is committed to creating a diverse environment and is proud to be an
equal opportunity employer.
Deadline:
2018-10-21
apply here