• 2.7.3 Credit risk – remedial and recovery


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    Description of role

    Responsible for analysing, identifying and setting risk, remedial and recovery activities

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    Core skills

    • Ability to understand root causes of default and develop remedial strategies
    • Understand contractual structure, risk and operational considerations
    • Knowledge of collateral valuation and foreclosure process
    • Understand legal implications ability to understand customer specific
    • Ability to develop and implement credit risk remedial and recovery framework
    • Strong analytical, quantitative and problem-solving skills
    • Understanding credit impairment and the related accounting techniques and policies
    • Understanding of legal remediation options for recovery
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    Qualification and/ or certification

    • QFSQF Level 3
    • FRM / PRM or equivalent qualifications would be useful
    • Relevant experience

     


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    Industry knowledge

    • Knowledge of relevant Islamic banking products and services
    • Understand business cycle of different industries in which bank clients operate

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    Regulatory compliance of role

    • Knowledge of banking regulatory framework