JOBS AT NMB BANK TANZANIA , ENDS 17 JULY 2017

Head; Special Asset Management

The incumbent will be responsible to coordinate and implement restructuring and recovery activities for all non-performing loans (NPL) products of the bank

Core responsibilities;

• Initiate and develop restructuring and recovery strategies towards reduction of non-performing loans (NPL) levels as targeted by bank’s management.
• Review and recommend releases/reinstatement of provision/impairment and interest in suspense for management approval.
• Fully manage all special assets to ensure credit and other risks are properly identified and assessed.
• Co-ordinate and manage all banks appointed external agencies (debt collectors, auctioneers, receiver manager etc.) and other third party vendors.
• Initiate loan write-offs and abandonment in accordance with BOT regulations and provide recommendation for Board approval.
• Formulate guidelines to ensure early identification and management of special asset names for improvement of risk management in the bank.
• Lead and develop general framework for collections and recoveries of all bank loan products.
• Provide professional business support to resolve challenges faced by stressed clients and provide guidance to the Special Asset Management team

Attributes;

• Business understanding of Risk Management, BOT regulations on risk asset management, company law and law of insolvency.
• Good understanding of market best practice and NMB lending policies and loan products
• Knowledge in Credit Appraisal and debt restructuring.
• Understanding of end-to-end credit process.
• Relationship Management skills.
• People management skills
• Planning and Organization skills

Qualifications and Experience;

• MBA, or Post-Graduate degree in Banking, Finance, Commerce, Accounting and Economics.
• More than 5 years of banking experience in Special Asset Management/Business Support or Workout Unit in a Commercial Bank.
• Demonstrated experience in risk asset management especially on loan classification, provision, write-off and problem solving.

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