Summary
Commercial Bank of Dubai is hiring a Senior Officer, FRR in Dubai. The role manages the transfer of accounts to the FRR department and supports recovery of non-performing loans through borrower engagement, settlement proposals and monitoring approved agreements. Duties include preparing management and loan-status reports, coordinating with documentation and legal teams, and ensuring compliance with reporting and audit requirements. Applicants must be UAE nationals and have a university degree, 3–5 years of banking experience, including at least two years in recovery, credit review or corporate banking; post-graduate qualifications and Arabic are assets.
The posting
As published on cbd.ae. Pulled from the employer's site and shown as they wrote it.
Operating in the UAE for over 50 years, CBD manages the financial requirements of some of the largest corporates and businesses operating in the country, driving the UAE economy. Over the years, CBD has transformed into a progressive and modern banking institution winning multiple awards for its digital initiatives, credit cards, bank accounts, mobile app features and services.
CBD has been recognized as the number one bank in the UAE on the Forbes list of The World’s Best Banks 2022.
As we continue to build upon our successes, we are looking for ambitious individuals who are passionate about the banking and finance industry and the markets in which CBD operates. Just as important to us is your ability to demonstrate a talent for dealing with people - your colleagues and our customers - and delivering service that really goes the extra mile.
Responsible for managing and implementing bank management decisions to transfer accounts to the FRR department, including but not limited to the adherence to the SOP processes.
Responsible for the timely submission of reports requested by the bank management including but not limited to MIS reports, BOD monthly reporting etc.
Responsible for managing and assisting the Senior Financial Advisor in managing a delegated portfolio for non-performing assets, mitigating, and reducing loss situations.
Establish effective working relationship with non-performing defaulting borrowers to determine solutions which will protect the Bank’s interest and increase the security in favour for the bank.
Submit settlement proposals with recommendations and comments to enhance recovery process.
Liaise closely with other departments such as documentation, legal, with a continuous follow-up and monitoring for the purpose of managing and implementing the bank approved strategy regarding each account.
Monitor the issuance and follow-up of all approved agreements for settlements of debt and their adherence to the approved terms and conditions.
Observe the development of non-performing loans and determine at what stage alternative action should be taken and adopt cost effective measures based on the status of the loan to effect optimum recovery of the loan.
Prepare monthly / required reports on the status of non-performing loans to provide an update on the latest developments on each account and to discuss the next course of action on stale accounts.
Ensure compliance with the auditors’ requirements, internal and external reporting obligations in- line with the bank’s policy guidelines while adhering to high standards of uniformity and consistency across the Bank.
QUALIFICATIONS/SKILLS
University Degree.
Post Graduate qualifications
Proficiency in Microsoft Office
Minimum 3 – 5 years banking experience of which at least 2 years in Recovery unit / Credit Review or Corporate banking with a reputable financial institution.
Good command of English. Arabic language would be an asset.
Good knowledge of banking laws and procedures.
Planning and organizing skills
Strong investigative and persuasive skills