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Deputy Manager – LCB & Remedial

Bank Nizwa · Mascate

Senior 🇬🇧 English

Job description

About the role

The Deputy Manager – LCB & Remedial is responsible for proactively managing the bank's classified, watchlist, and overdue corporate portfolio. The role aims to minimise credit losses, maximise recoveries and preserve asset quality while ensuring compliance with regulatory and Shariah requirements.

Key responsibilities

  • Monitor and manage the classified, watchlist and overdue corporate banking portfolio.
  • Identify early warning signals and recommend timely remedial actions.
  • Conduct regular portfolio reviews and propose risk‑mitigation strategies.
  • Develop and implement turnaround, restructuring and recovery strategies for distressed accounts.
  • Lead negotiations with customers, sponsors, guarantors and other stakeholders to achieve sustainable repayment solutions.
  • Recommend restructuring, rescheduling, settlements or legal recovery actions based on commercial viability.
  • Coordinate with Legal, Risk, Finance and Shariah departments throughout the recovery process.
  • Prepare credit proposals for restructuring, provisioning, settlements, write‑offs and recovery strategies.
  • Ensure timely classification and provisioning in line with regulatory requirements and bank policies.
  • Liaise with Relationship Managers for early intervention and with external counsel, receivers, liquidators and consultants as needed.

Required profile

  • Undergraduate degree minimum; MBA, CFA, CA or equivalent finance qualification preferred.
  • 10+ years of experience in corporate banking, special assets management or restructuring.
  • Proven track record in managing distressed financing facilities and delivering recovery outcomes.
  • Strong understanding of industry dynamics, risk frameworks and regulatory/Shariah compliance.

Required skills

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    Published 2 months ago

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    Bank Nizwa

    Mascate