Collections and Recovery Manager

3 days ago


Muscat, Muscat, Oman Oman Arab Bank Full time
About Us
Oman Arab Bank is one of the largest banks in the Sultanate of Oman. We offer a range of banking services including corporate, retail, and Islamic banking. Our mission is to provide innovative and customer-focused banking solutions to meet the evolving needs of individuals, businesses, and communities.

Our Team
We are seeking an experienced Risk Management Specialist to join our team. The successful candidate will have 7-8 years of experience in similar roles and possess excellent analytical skills. As a member of our team, you will be responsible for overseeing the process of reviewing submitted applications and coordinating with the Operations or Credit Documentation to rectify errors based on error reports. You will also share weekly error reports of critical and non-critical issues and highlight any critical errors pertaining to financial impact, loan, or overdraft limit concerns to the Head of the department and Operations incident report to the Risk Department on the same day.

Responsibilities
- Oversee the process of reviewing submitted applications and coordinate with the Operations or Credit Documentation to rectify errors based on error reports.
- Share weekly error reports of critical and non-critical issues.
- Highlight any critical errors pertaining to financial impact, loan, or overdraft limit concerns to the Head of the department and Operations incident report to the Risk Department on the same day.
- Work with the CEO office and business on re-classification of accounts based on specific business justification, exceptions, and business potential.
- Develop and submit CBO monthly/quarterly reports.
- Coordinate with IT and operations for smooth functioning of systems.
- Review existing processes and recommend changes and improvements based on system or process perspective as part of the Agile project group.
- Lead department contribution to Omanization targets through the setting of goals/KPIs in relation to the hiring and development of Omani Nationals in the workforce.

Requirements
- Bachelor's degree in a related field.
- 7-8 years of experience in similar roles.
- Excellent analytical, communication, and problem-solving skills.

What We Offer
Oman Arab Bank offers a competitive salary and benefits package to its employees.

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