Manager – Remediation job at Diamond Trust Bank (DTB) Limited
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Vacancy title:
Manager – Remediation

[ Type: FULL TIME , Industry: Banking , Category: Commercial Banks ]

Jobs at:

Diamond Trust Bank (DTB) Limited

Deadline of this Job:
Tuesday, November 12 2024 

Duty Station:
Within Tanzania , Dar es Salaam, East Africa

Summary
Date Posted: Wednesday, October 30 2024, Base Salary: Not Disclosed

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JOB DETAILS:
Job Purpose:
Reporting to the Head of Credit, the role holder will handle high-value under-performing watchlist, restructured, and stressed accounts. The actions would include renegotiations/restructures/workouts, with a view of retaining the accounts and returning them to current/performing status.

Duties and Responsibilities:
- Remediation activities will include review of business viability via examinations of historical performance to identify root cause for poor performance, review projected financials, preparation review of Credit analysis together with credit analysts, physical visits to clients, inspection of collaterals, frequent meetings with clients, engaging relevant service providers such as Lawyers, Fund raising agents, valuers, investigators, auctioneers etc.
- Considering the Value and complexity of the large corporate accounts the role holder will required to manage the client relationship directly to free up business heads and RMs to focus on the business development.
- Providing timely feedback Credit team and Business colleagues on ’lessons learnt’ from weak credits, to inform required changes policies and processes. The person will also undertake regular training to staff who undertake the credit process.
- The person holding the role will also provide input as required into complex debt recovery cases, supporting rehabilitation of accounts before they are handed back into the performing portfolio managers.
- The official shall closely work with Corporate Banking, Debt Recovery and Legal units to ensure remediation of accounts and resolution of stressed assets.

Qualifications:
- Bachelor’s degree in a relevant field such as Commerce, Economics, Business Administration, or related areas.
- Master’s degree is an additional qualification.
- Certification in a relevant field is desirable.

Work Experience:
- At least 7 years in credit related functions.
- At least 3 years in managerial positions.
- Work experience in similar role is desirable.

Personal Attributes:
- Excellent negotiations and relationship management skills.
- Solid experience in credit analysis and credit remediation.
- Debt restructuring and covenant setting skills.
- Designing and implementation of turnaround strategies and complex negotiations.
- Thorough knowledge of BOT prudential guidelines and other Banking Act requirements related to lending.

Effort and Involvement:
- Requires a prolonged period of sitting at desk and working on a computer and reviewing of documents
- Requires interaction, coordination, and supervision of subordinates with a direct reporting relationship.
- Meet/ engagement with internal and external Stakeholders
- Performance Evaluation:
- Performance evaluations are conducted bi-annually in June and December.

Work Hours: 8


Experience in Months: 36

Level of Education:
Bachelor Degree

Job application procedure
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Job Info
Job Category: Management jobs in Tanzania
Job Type: Full-time
Deadline of this Job: Tuesday, November 12 2024
Duty Station: Dar es Salaam
Posted: 30-10-2024
No of Jobs: 1
Start Publishing: 30-10-2024
Stop Publishing (Put date of 2030): 30-10-2077
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