Organization: IsDB – Islamic Development Bank
Location: Istanbul
Grade: Level not specified – Level not specified
Occupational Groups:
Banking and Finance
Project and Programme Management
Closing Date: 2024-11-04
IDB3398 – Principal – Portfolio Management (Europe and Central Asia), Istanbul – ICD
Business Unit: ICD – Islamic Corporation for Development
Division: Portfolio Management (ICD)
Department: Banking (ICD)
Contract type: Fixed Term Contract
Country: Türkiye
Location: Türkiye – Istanbul
Closing date: 04-Nov-2024
Role Purpose:
To manage and maintain the relationships of assigned credit portfolio from effectiveness date till final closure.
Key Functional Accountabilities and Activities:
Portfolio Management:
Manage the client relationships and oversee the performance of ICD’s credit facilities, thereby ensuring smooth implementation of overall credit portfolio operations and ensuring the credit quality of the assigned portfolio.
Review and clear disbursement requests received from clients and obtain the needed internal clearances for execution.
Create disbursement drawdowns/deals and repayment schedules in ICD’s core system in accordance with the agreed facility terms.
Follow up with the client to ensure the funds are utilized according to the terms stipulated in the signed facility agreements.
Follow up with clients for receiving all the required reports stipulated in the financing agreements in timely manner.
Review the received reports and provide the line manager with quality analysis of the facility/project developments with proper recommendations if needed.
Assess clients’ waiver/amendment/NOC/ requests and prepare a memo on the request with recommendation for internal approval. Obtain the needed notes/clearances from the relevant internal functions. Develop and present the proposals to the approving authorities within ICD. Follow up the signing of the related documents.
Review and monitor the security package provided under the facility to ensure it is always valid, enforceable and evaluated in accordance with ICD’s Policies & Procedures.
Detect and report early warning signals and/or deterioration in the creditworthiness of ICD’s clients and recommend remedial actions.
Follow up on the collection of due and overdue repayments and take necessary actions to regularize defaulted accounts.
Escalating non-performing facilities to the Special Operations Unit (SOU) in accordance with the relevant Guidelines.
Rescheduling/Restructuring:
Assess rescheduling/restructuring requests for facilities with overdue payments, that have not been transferred to SOU.
Undertake macroeconomy and industry analysis of countries with ICD’s exposure.
Prepare a report on the clients’ requests with recommendations.
Obtain the needed notes/clearances from the relevant internal functions.
Present the proposals to the approving authorities within ICD.
Coordinate the facility rescheduling/restructuring exercise and follow up on the signing of the relevant documentation.
Update the internal core system with new repayment schedule after rescheduling/restructuring.
Reporting & communication:
Develop periodic and ad-hoc reports outlining credit portfolio performance across all applicable metrics (disbursement, collection, compliance with covenants of the agreement, etc.).
Review reports on performance of ICD’s credit financing portfolio.
Prepare and present the facility annual review report.
Report to the line manager the overall quality of the portfolio, progress status, key changes, and status of adherence to the risk management guidelines.
Qualifications/ Professional Experience:
At least 3 years of experience in banking environment / financial institutions, preferably in Credit Relationship Management role in emerging markets.
Bachelor’s degree in Finance, Business Administration or similar discipline is a must.
Master’s degree in Finance, Business Administration or similar discipline or a relevant Professional certificate in Financial Accounting (CFA), Management Accounting (CMA), Certified Public Accountant (CPA) or any additional relevant professional certifications is required.
Core Behavioral and Technical Competencies :
Core Behavioral:
Innovation and Initiatives
Change Management
Developing People Capability
Partnership Management
Strategic Thinking
Self-Effectiveness
Technical:
Financial Analysis
Knowledge of Repayment Issuance
Knowledge of all Operation Systems
Accounts Management
Knowledge of Shari’ah Law
Portfolio Strategic Management
Language Skills:
Capable of communicating in English and Turkish. Whereas, Russian is an added advantage.
Knowledge of any other regional languages is an advantage.