Title: Manager - Special Assets Management Location: Riyadh, Saudi Arabia
About the ClientOur client, a leading financial institution in Saudi Arabia, is seeking an experienced Manager - Special Assets Management to join their Wholesale Banking team. The role focuses on managing non-performing loans and implementing strategies to maximize recoveries while mitigating credit risk.
Key ResponsibilitiesManage and monitor high-risk wholesale banking loans, implementing strategies to minimize losses and maximize recovery.Develop and execute restructuring solutions in collaboration with clients, legal counsel, and internal stakeholders.Provide recommendations and reports to credit and management committees, supporting decision-making on impaired portfolios.Lead the recovery of distressed assets, including negotiating settlements and coordinating remedial actions.Support and guide the FRR team, ensuring consistent application of recovery strategies and best practices.
Key RequirementsBachelor’s degree in Commerce, Finance, Economics, or a related field; Master’s preferred.Minimum 5 years’ experience in banking, including financial restructuring, remedial management, or corporate NPL recovery.Strong analytical skills, with experience in cash flow analysis, debt restructuring, and portfolio recovery strategies.Excellent communication, negotiation, and stakeholder management abilities.Demonstrated leadership experience with the ability to guide teams and drive results in a high-pressure environment.
