Manager - Special Assets Management

Aventus Global Talent; Riyadh; On-site; SAR 150,000 - 200,000; Full time

Job summary

A leading financial institution in Saudi Arabia seeks an experienced Manager - Special Assets Management to join their Wholesale Banking team. The successful candidate will manage non-performing loans, develop strategies to maximize recoveries, and collaborate with stakeholders. This role demands strong leadership, analytical, and negotiation skills, with a minimum of 5 years’ experience in the banking sector. A Bachelor's degree is required, and a Master's is preferred. Competitive compensation and growth opportunities are offered.

Qualifications

• Bachelor’s degree in Commerce, Finance, Economics, or a related field; Master’s preferred.
• Minimum 5 years’ experience in banking with expertise in financial restructuring and NPL recovery.
• Strong analytical skills and experience in cash flow analysis and debt restructuring.

Responsibilities

• Manage and monitor high-risk wholesale banking loans.
• Develop and execute restructuring solutions alongside clients and teams.
• Provide recommendations and reports to credit committees.

Skills

Analytical skills

Negotiation skills

Stakeholder management

Leadership

Cash flow analysis

Education

Bachelor’s degree in Commerce, Finance, or Economics

Master’s degree

Job description

Title: Manager - Special Assets Management
Location: Riyadh, Saudi Arabia

About the Client: Our 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 Responsibilities

• Manage 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 Requirements

• Bachelor’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.