Head of Stressed Assets & Recovery

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

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.