Lead- Credit Restructuring and Remedial - Egypt

JOB PURPOSE:

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.
Consider whether projects should be re-sized to protect the bank's position.
Ensure that allocated client relationships are managed in a professional manner and that any operational issues are dealt with promptly.
Keep senior management regularly informed.

MAIN DUTIES:

Lead CRD team to set and establish processes and procedures in liaison with management team.
Initiate, update and keep current BCP, RSA, and GCPM.
Take active role in managing Bank's overall NPL, Provision & Interests in Suspense.
Supervise and take charge of all periodical management reporting.
Attend to internal, external, CB- Egypt & any other audit and take lead in pursuing cases and relevant inquiries.
Distribute and allocate cases among CRD team ensuring maximum efficiency and application of best practice in Nursing, Restructuring and Recovering of special assets of the bank identified as “Vulnerable Portfolio” of advances held within the books.
Ensure that CRD team understands unique characteristics of assigned Vulnerable Portfolio cases and possible future lookout.
Lead and supervise CRD team of specialized associates in:
Conduct root causes analysis to diagnose reasons of financial trouble for each individual vulnerable case.
Evaluate information memoranda and independent business reviews.
Prepare & review financial models and challenge cash flows. Apply SWOT & Sensitivity analysis.
Analyze various applicable scenarios
Review project progress reports & client visits reports.
Evaluate relevant revival ability and build account strategic Plan & identify suitable treatment, options & optimum exit strategies.
Careful application of the agreed account strategic plan while monitoring mile stones and accomplishment
Nurse relationship and relevant exposure carefully to prevent any further deterioration and to proactively read symptoms and warning signs to ensure optimum exit.
Follow collections and recoveries under both restructuring and remedial cases.
Engage suitable financial/ technical/ legal advisors) through RFPs & analyse information sources from external advisors.
Obtain in-principle consent from senior management.
Negotiate with the client and obtain initial acceptance.
Build tentative term sheet, negotiate terms & obtain sign-off from the client.
Produce credit applications & relevant CRD review sheets.
Source credit, legal and compliance approvals (as applicable).
Prepare restructuring documents (in coordination with CAD &/or Legal Dept as well as engage external legal counsellor (as applicable).
Ensure perfection of documentation in accordance with sanction (& obtain approvals in case of deviations).
Negotiate draft documentation with the client until final acceptance & sign-off.
Perfect security and collateral registration.
Ensure all CPs are met.
Lodge final documentation and CPs into CAD's custody in line with CPM.
Follow-up on CSs and ensure they are satisfied in a timely manner.
Follow-up on repayments and establish cash sweep mechanism if required.
Lead, negotiate, & enforce solutions.
Attend to audit (internal/ external/ Central Bank) inquiries and provide needed defense to the rational and position taken by the bank in respect of each vulnerable case.
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.
Represent FAB in managing the identified Vulnerable Portfolio both internally and externally.
Act as a mandatory referral point for potential and actual problem accounts meeting pre- agreed criteria and to be involved in all stages of restructuring for both restructuring and remedial accounts.
Instruct, guide and work with appropriate professional advisors (e.g. legal, financial) undertaking due diligence. Oversee the preparation of recommendations including proposals and reports, assisting in presentations and discussions with the client on amicable solutions.
Represent the bank externally as required e.g. coordinating with banks in restructuring situations.
Conduct portfolio reviews of vulnerable sectors, and provide proactive policy prescriptions.
Oversee the monitoring of past due, watch list and provisioning reports for potential new cases.
Advise on the reclassification of accounts and discretionary provisions.