Identify main reasons of defaulting and recommend an appropriate corrective action to minimize losses and maximize recoveries.
Recommending all required (settlements/schedules/ raising legal actions & write off) to SAU.
Calculation of specific provisions on monthly basis & ensuring that all provisions transaction are properly took place.
Ensures that the appropriate credit risk ratings are assigned to the borrowers.
Ensures that the appropriate status of the client (legal – settlement – WOFF- Marginal) reported to CBE.
Following up all recoveries from NPLs and re calculate the needed provisions after the settlement in order to minimize exposure provisioning.
Ensure that all approvals are in line with CBE, MB policies & procedures.
Ensure that all CPs, documentation, any collaterals are submitted.
Prepare the quarterly study which including the Geographical area for the NPL clients as per CBE instructions.
Prepare the quarterly HRCs for NPLs as per the MB WCPM.
Prepare the monthly recoveries report.
Prepare the monthly study to stand on the NPL ratio across the bank.
Ensure that all the watch list client not to exceed 9 months at the same stage as per CBE instructions.
Ensure that no accounts across the NPL portfolio not exceed 3 years from classification date as per CBE instructions without write off except in exceptional basis.
Study all provided scenarios of settlement such as (TS & financial models) for NPLs.
Ensure data is current and available in order to maintain credit presentation standards.
Updating MB Egypt blacklist database of the non-performing clients on an ongoing basis & communicate it to relevant stakeholders to ensure that no new exposure is taken against the co/its related parties in the future.
Assist the line manager in ensuring that controls are effectively maintained in line with the bank’s operational risk framework & CBE circulars.
Ensure that all required reports from MIS team aligned with recovery needs.
Handle all Egypt SAU responsibilities in case line Manager isn’t on board.
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