RISK MANAGER – Abu Dhabi Islamic Bank

RISK MANAGER

Abu Dhabi Islamic Lender Abu Dhabi, UAE Posted 2021/02/04 07:02:41 Expires 2021-02-09 Ref: JB1100004581

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Job Explanation

Emirates National Standards Classification of Occupations

Function: Restructuring Specialist

ROLE PURPOSE:

Take lead within directly managing sophisticated restructuring routines and major situations with minimum guidance  

Crucial Accountabilities of the function:

  • Conduct, steer and monitor general restructuring process.
  • Undertake restructuring plans with senior loan companies of the assigned portfolio.
  • Coordinate any key issues with regards to any restructuring activities with direct supervision of Head of GSAM.
  • Control all CPs, CSs, any financial conditions imposed by finance documents or key stakeholders, and coordinate the implementation of the on-going provision of financial information.
  • Be Involved in cashflow monitoring, forecasting and reporting within GSAM and use other designated resources to supply quarterly cashflow forecasts which include overview of historical collections;
  • Establish proper liaison and attend all meetings with external and internal stakeholders concerning the assigned portfolio.
  • Subject to approval matrix, engage with respect to the lender in appointing External Restructuring Advisors, with responsibilities for specific operational and financial areas of the restructuring.
  • Coach and groom the united team of restructuring officer reporting to the SRO.
  • Prepare Budget, Credit Reviews, Show AC for necessary approval and keep maintaining proper records for several full cases assigned under his/her name.

Specialist Skills / Technical Knowledge, Technical Competencies Necessary for this role:

  •  Genuine fascination with business and finance environment with a quantitative mindset, sensitivity to details, and accuracy in everyday work.
  • Relevant Bachelor degree (Finance, Engineering, Law), Master, MBA, CFA, CMA or similar ate preference.
  • Knowledge of exact definitions and information on all Banking products. Understanding of Islamic /Sharia compliant banking products/practices
  • Ability to work in a multicultural environment with particular connection with working in GCC being truly a plus point.
  • Ability to work under stiff target, work pressure, prioritizes rightly, and delivers results.
  • Able to align Risk Business and Mitigants Objectives to to aid recovery objectives.
  • Team player – able to work within a combined group and promote cross functional environment.
  • Ability to multitask and willingness to “roll-up his sleeves and obtain involved into deep details”

Skills

Previous experience:     

  • Experience of 15+ years of experience at financial advisory firms, funds or in commercial banking (experience in corporate finance, debt advisory, M&A advisory or project finance departments).
  • Restructuring experience is necessary.
  • Experience in developing markets.

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Job Details

Abu Dhabi, UAE

Banking

Employer (Semi Government -Local)

Banking

Preferred Candidate

Career Level Mid Career

Years of Experience Min: 10

Degree Bachelor’s degree

About This Entity

ADIB is really a leading bank in your community with an increase of than AED 122 billion in assets. Its 1 MILLION PLUS customer take advantage of the third largest distribution network in the UAE with an increase of 82 branches and much more than 780 ATMs.
The bank offers world-class online, phone and mobile banking services, each day providing clients with seamless digital usage of their accounts a day. ADIB provides retail, corporate, business, private wealth and banking management solutions. The lender was established in 1997 and its own shares are traded on the Abu Dhabi Securities Exchange (ADX).
In the UAE, the lender has a lot more than 2,300 employees and remains among the leading banks in the recruitment, promotion and development of local talent in every the markets where it operates. The bank has among the highest Emiratisation ratios with an increase of than 40 percent of the bank’s workforce being UAE Nationals.
ADIB has presence in six strategic markets: Egypt, where it has 70 branches, UK, Sudan, Qatar and iraq.

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