Head, Stressed Assets Job at Workforce Management Centre Limited

[Jobrib]

Job Title: Head, Stressed Assets

Location(s): Lagos, Nigeria

Level: AGM-GM

Employer: Bank

Recruiter: Workforce Management Centre Limited (WMC)

Our client is a Bank that holds an enviable legacy among the biggest banks in Nigeria with footprints across West Africa and Europe.

It has recently been repositioned, rebranded and is expanding its operations. The bank is now seeking for individuals, who are interested and driven enough to take up the exciting challenge of writing a new history for the financial industry in Nigeria, to fill the following vacancies that exist in the Bank in the South East, South South and Lagos regions.

Job Objectives: Recovering and managing the bank's stressed asset portfolio by active engagement with all concerned stakeholders.

Responsibilities:

•   Manage a portfolio of stressed assets which would require engagement in client negotiations and recovery of overdue accounts according to the bank's policies.

•   Strengthen collateral position of the bank, prepare and present credit restructuring proposals for management approval.

•   Engage internal and external auditors in impairment assessment discussions.

•   Establish and implement a review mechanism to monitor existing loans and in turn business performance

•   Complete due diligence, internal risk clearance and committee approvals of credit proposals

•   Limit amount of provisioning required for stressed assets by articulating effective loan recovery strategies.

Requirements:

•   Candidates applying for each role must possess relevant experience from a bank

•   Minimum of First degree in any discipline. Additional qualification will be an added advantage

•   Ideal candidate for each role must possess strong business acumen and must be result oriented.

•   Very strong desire to make significant impact

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