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Recoveries Manager

Job LocationLondon
EducationNot Mentioned
Salary£40,000 - £52,000 per annum, pro-rata
IndustryNot Mentioned
Functional AreaNot Mentioned
Job TypeContract, full-time

Job Description

ASSISTANT RECOVERIES MANAGER - 12m FTC- Up to £50kMy client, a multinational bank are looking for a Deputy Recoveries Manager, who will manage all Watch Listed & Credit Impaired exposures, developing a recovery strategy for each exposure and forecasting future impairment events at the Portfolio Level. Their portfolio consists of mainly real estate/property with the balance centering on Trade Finance and treasury services.PLEASE DO NOT APPLY UNLESS YOU HAVE PROPERTY EXPERIENCEResponsibilities

  • Oversee and manage on a day to day basis the Loan Recovery process.
  • Liaise with Bank’s solicitors, Valuers and LPA Receivers to proactively manage each and to report the status to CC as per Policy & Procedure requirements.
  • Regularly conduct Watch List and Portfolio reviews to identify emerging trends and issues and advise management on changes to lending processes required so as to ensure continued adherence to portfolio quality measures.
  • To develop and enhance MI to enable the effectiveness of credit lending processes to be reviewed.
  • Act as a coach and source of expertise for RM’s and Credit Officers seeking to resolve declining credit positions.
  • Support regular and timely credit portfolio monitoring and analysis to inform senior management/credit committee of observations on variances/trends/actions including performance against credit risk metrics.
  • to support the business, senior management and regulatory reporting including the implementation of credit rating tools to ensure compliance with IRFS9 requirements (as required).
  • Job Description
  • Respond to calls, letters and emails from impaired clients, agents, advisors and solicitors.
  • Chair ownership of customer issues and ensure problems are resolved promptly and professionally.
  • Maintain working knowledge of all company products and services pertaining to business segment.
  • Responsible for dealing with the Loan Recovery Process, liaising with the Bank’s Solicitors for pro-active case management and reporting the status to the Credit Committee on a regular basis.
  • Embed proportionate Credit and Portfolio controls and Procedures as issues are identified from Watch List portfolio reviews.
  • Support, maintain and enhance credit risk models.
  • Support the CRO in management of the Risk function and duties and responsibilities to management and key stakeholders.
  • Maintain a network of professionals and intermediaries who can assist the bank with legal/ valuation issues and provide market intelligence.
  • Key RequirementsAn experienced credit risk professional with in-depth knowledge of UK Property lending. Exposure to Treasury, Trade Finance, Corporate, and Retail credit products is desirable.
  • Good understanding of recovery processes and options
  • Comprehensive knowledge of regulatory requirements and principles, specifically the PRA & FCA expectations.
  • Excellent understanding of processes, controls, and responsibilities associated with a banking institution.
  • Excellent analytical skills.
  • Strong Microsoft Office skills.
  • Required skills
  • Credit Analysis
  • Credit Risk
  • Portfolio Management
  • Recoveries
  • Keyskills :
    Credit Analysis Credit Risk Ptfolio Management Recoveries

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