Head of Stress Assets

Oman Investment Authority; Muscat; On-site; OMR 24,000 - 48,000; Full time

Job summary

Oman Investment Authority seeks a senior professional to establish and lead the Stressed Assets Unit, overseeing identification, monitoring, and recovery of stressed borrower accounts. You will manage facilities including term loans and working capital, focusing on high-risk ratings and complex restructurings to minimise losses.

You will develop recovery strategies, set procedures, monitor performance and report to senior management, ensuring policy compliance and timely escalation where needed.

Qualifications

• Education: Bachelor’s degree in Banking, Finance, Accounting, Economics, Business Administration, Law, or equivalent professional qualification.
• Experience: 10+ years in credit, recovery, restructuring, stressed assets or non-performing loan management.
• Special Skills: strong knowledge of credit risk, recovery management, restructuring and remedial account handling.
• Regulatory awareness: solid understanding of banking regulations, credit policies and collateral management.
• Skills: analytical, negotiation, decision-making and problem-solving; reporting and stakeholder management.
• MS Office and banking/credit management systems proficiency.

Responsibilities

• Lead the development and implementation of recovery and rehabilitation strategies for stressed overdue non-performing restructured and classified borrower accounts.
• Establish operating procedures monitoring standards case review mechanisms and recovery workflows for the Stressed Assets Unit.
• Review and recommend recovery, restructuring, settlement, rehabilitation, repayment arrangements, write-off and legal escalation strategies.
• Assess borrower viability, repayment capacity, project status, cash flow position, collateral and recovery options to determine resolution actions.
• Oversee recovery and rehabilitation actions for borrowers with facilities from OMR 100K to OMR 7.5Mn.
• Ensure focused management of accounts under Risk Rating 7 and 8 and monitor deterioration indicators.
• Review classified accounts from Special Mention to Loss and recommend recovery/rehabilitation or resolution strategies per policy and regulatory requirements.
• Oversee settlement agreement cases and monitor repayment commitments and borrower obligations.
• Coordinate with stakeholders to ensure integrated management of stressed borrower accounts.

Skills

Credit risk

Recovery management

Restructuring

Remedial account handling

Stakeholder management

Negotiation

Analytical skills

MS Office

Credit management systems

Education

Bachelor's degree in Banking, Finance, Accounting, Economics, Business Administration, Law, or equivalent professional qualification

Job description

JOB CONTENT

To establish lead and manage the newly formed Stressed Assets Unit in line with the Bank s strategic direction by overseeing the identification monitoring recovery rehabilitation restructuring and resolution of stressed borrower accounts The role is responsible for managing borrowers with facilities including Term Loans and Working Capital facilities focusing on accounts under Risk Rating 7 and 8 classified accounts from Special Mention to Loss settlement agreement cases restructured loans including second restructuring and SICR accounts arising from delay in project completion and deterioration in the financial health of borrowers The role ensures effective portfolio management risk mitigation recovery optimisation compliance with approved policies and timely reporting to senior management and relevant committees

Duties and Responsibilities

A Recovery and Rehabilitation Strategy

Lead the development and implementation of recovery and rehabilitation strategies for stressed overdue non-performing restructured and classified borrower accounts

Establish operating procedures monitoring standards case review mechanisms and recovery workflows for the newly formed Stressed Assets Unit

Review and recommend recovery restructuring settlement rehabilitation repayment arrangement write-off and legal escalation strategies for borrower accounts under the Stressed Assets portfolio

Assess borrower viability repayment capacity project status cash flow position collateral coverage business continuity prospects and legal recovery options to determine appropriate resolution actions

Oversee recovery and rehabilitation actions for borrowers with facilities from OMR 100K to OMR 7 5Mn covering both Term Loans and Working Capital facilities

Ensure focused management of accounts under Risk Rating 7 and 8 including accounts showing deterioration in repayment behaviour project implementation delays or weakening financial health

Review classified accounts from Special Mention to Loss and recommend appropriate recovery restructuring or resolution strategies in line with Bank policies and regulatory requirements

Oversee settlement agreement cases and ensure timely monitoring of agreed repayment commitments settlement conditions and borrower obligations

Review restructured accounts including second restructuring cases to assess performance viability repayment adherence and need for further remedial action

Recommend escalation of non-cooperative borrowers failed restructuring cases breached settlement agreements and high-risk accounts for legal recovery or collateral enforcement where required

Support the Bank s development mandate by balancing recovery objectives with practical rehabilitation solutions for viable borrowers

B Portfolio Management and Risk Mitigation

Oversee the Stressed Assets portfolio including Risk Rating 7 and 8 accounts classified accounts settlement agreement cases restructured loans second restructuring cases SICR accounts and legal recovery cases

Establish portfolio dashboards account trackers classification reports recovery action plans and reporting tools to provide clear visibility on portfolio performance and risk movement

Monitor classifications from Special Mention to Loss and ensure appropriate follow-up actions are taken based on account status risk severity and recovery prospects

Track SICR cases caused by delay in project completion and financial health deterioration of borrowers and ensure timely intervention to prevent further portfolio deterioration

Review portfolio trends ageing of arrears repayment behaviour collateral adequacy provisioning impact classification movement settlement performance and recovery progress

Ensure early identification of repayment delays restructuring weaknesses project completion risks borrower financial stress documentation gaps and collateral shortfalls

Review collateral documentation valuation status guarantees mortgage status insurance status and enforceability of securities to support recovery planning and risk mitigation

Ensure accurate maintenance of borrower records recovery files committee decisions restructuring approvals settlement agreements legal updates and supporting documents

Prepare and present periodic portfolio reports risk analysis recovery updates borrower classification summaries and action status reports to senior management and relevant committees

Ensure compliance with internal credit policies recovery procedures regulatory requirements classification guidelines provisioning requirements approved limits of authority and committee decisions

Identify portfolio-level risks recovery bottlenecks operational gaps and policy exceptions and recommend corrective actions to strengthen stressed asset management practices

C Leadership and Stakeholder Management

Lead supervise and guide the Stressed Assets Unit to ensure effective case management timely follow-up accountability and professional handling of sensitive borrower accounts

Allocate responsibilities set priorities review performance and ensure service continuity within the newly formed Stressed Assets Unit

Act as the key focal point for stressed asset matters and provide expert guidance to internal stakeholders on recovery restructuring rehabilitation settlement classification and risk mitigation actions

Coordinate with Credit Risk Management Legal Finance Operations branches relationship teams and relevant committees to ensure integrated management of stressed borrower accounts

Liaise with borrowers guarantors external legal advisors valuers auditors consultants courts and recovery-related service providers as required

Follow up with internal stakeholders to obtain borrower details account status facility information classification updates recovery progress legal status and required documentation

Ensure timely escalation of high-risk borrowers breached settlement agreements failed restructurings deteriorating SICR accounts legal developments and material recovery issues to senior management

Promote a culture of accountability confidentiality compliance collaboration and results-driven recovery within the Stressed Assets Unit

Build staff capability through coaching knowledge sharing process discipline and continuous improvement initiatives

Perform any other related duties assigned by senior management

MINIMUM EDUCATION, QUALIFICATIONS SKILLS

• Education: Bachelor s degree in Banking, Finance, Accounting, Economics, Business Administration, Law, or equivalent professional qualification.
• Experience: 10+ years of relevant banking experience, including experience in credit, recovery, restructuring, stressed assets, remedial management, or non-performing loan management. Experience in development banking, corporate credit, SME financing, or project finance is preferred.
• Special Skills & Knowledge: Strong knowledge of credit risk, recovery management, restructuring, and remedial account handling.
• Good understanding of banking regulations, credit policies, provisioning, collateral management, and legal recovery processes.
• Strong analytical, negotiation, decision-making, and problem-solving skills.
• Ability to assess borrower viability, cash flows, collateral position, and recovery options.
• Strong reporting, presentation, and stakeholder management skills.
• High level of integrity, confidentiality, and professional judgment.
• Proficiency in MS Office and banking / credit management systems.