Head of Stress Assets

To establish lead and manage the newly formed Stressed Assets Unit in line with the Bank s strategic direction by overseeing the identification monitoring recovery rehabilitation restructuring and resolution of stressed borrower accounts The role is responsible for managing borrowers with facilities including Term Loans and Working Capital facilities focusing on accounts under Risk Rating 7 and 8 classified accounts from Special Mention to Loss settlement agreement cases restructured loans including second restructuring and SICR accounts arising from delay in project completion and deterioration in the financial health of borrowers The role ensures effective portfolio management risk mitigation recovery optimisation compliance with approved policies and timely reporting to senior management and relevant committees

Lead the development and implementation of recovery and rehabilitation strategies for stressed overdue non-performing restructured and classified borrower accounts

Establish operating procedures monitoring standards case review mechanisms and recovery workflows for the newly formed Stressed Assets Unit

Review and recommend recovery restructuring settlement rehabilitation repayment arrangement write-off and legal escalation strategies for borrower accounts under the Stressed Assets portfolio

Assess borrower viability repayment capacity project status cash flow position collateral coverage business continuity prospects and legal recovery options to determine appropriate resolution actions

Oversee recovery and rehabilitation actions for borrowers with facilities from OMR 100K to OMR 7 5

Mn covering both Term Loans and Working Capital facilities

Ensure focused management of accounts under Risk Rating 7 and 8 including accounts showing deterioration in repayment behaviour project implementation delays or weakening financial health

Review classified accounts from Special Mention to Loss and recommend appropriate recovery restructuring or resolution strategies in line with Bank policies and regulatory requirements

Oversee settlement agreement cases and ensure timely monitoring of agreed repayment commitments settlement conditions and borrower obligations

Review restructured accounts including second restructuring cases to assess performance viability repayment adherence and need for further remedial action

Recommend escalation of non-cooperative borrowers failed restructuring cases breached settlement agreements and high-risk accounts for legal recovery or collateral enforcement where required

Support the Bank s development mandate by balancing recovery objectives with practical rehabilitation solutions for viable borrowers

Oversee the Stressed Assets portfolio including Risk Rating 7 and 8 accounts classified accounts settlement agreement cases restructured loans second restructuring cases SICR accounts and legal recovery cases

Establish portfolio dashboards account trackers classification reports recovery action plans and reporting tools to provide clear visibility on portfolio performance and risk movement

Monitor classifications from Special Mention to Loss and ensure appropriate follow-up actions are taken based on account status risk severity and recovery prospects

Track SICR cases caused by delay in project completion and financial health deterioration of borrowers and ensure timely intervention to prevent further portfolio deterioration

Review portfolio trends ageing of arrears repayment behaviour collateral adequacy provisioning impact classification movement settlement performance and recovery progress

Ensure early identification of repayment delays restructuring weaknesses project completion risks borrower financial stress documentation gaps and collateral shortfalls

Review collateral documentation valuation status guarantees mortgage status insurance status and enforce ability of securities to support recovery planning and risk mitigation

Ensure accurate maintenance of borrower records recovery files committee decisions restructuring approvals settlement agreements legal updates and supporting documents

Prepare and present periodic portfolio reports risk analysis recovery updates borrower classification summaries and action status reports to senior management and relevant committees

Ensure compliance with internal credit policies recovery procedures regulatory requirements classification guidelines…