Loan Review Mechanism Manager

Summary of Role

To manage and oversee the execution of Loan Review Mechanism function activities through periodic credit reviews of the Bank’s portfolio in line with regulatory directives and internal policies. This role supervises and manages work allocation and delivery timelines, strengthens review methodologies and reporting standards and supports the Head of LRM in enhancing identification of emerging risks, ensures adherence to credit standards, and contributes to reporting and recommendation of corrective actions to mitigate portfolio credit risk.

Key Responsibilities

1. Loan Review Execution
   • Allocate review assignment based on portfolio risk, materiality, plan coverage and team capacity.
     
   • Ensure all reviews address the borrowers credit worthiness, financial performance, facility structure, security and documentation and covenant compliance, internal/external and regulatory compliance.
     
   • Conduct periodic reviews of corporate and retail credit portfolios in line with the approved Loan Review Mechanism plan.
     
   • Independently analyze borrower performance and creditworthiness from financial and non-financial perspectives.
     
   • Highlight early warning signals and accounts showing signs of weakness to the business teams and Head of LRM.
     
2. Risk Identification and Mitigation
   • Identify loans that exhibit potential credit weaknesses and recommend appropriate remedial actions.
     
   • Monitor credit quality across sectors and assess industry concentration risks.
     
   • Provide input into strategies for reducing credit exposures in vulnerable sectors or customer segments.
     
   • Follow up on corrective plans according the escalation methodologies as per plan and procedures’.
     
3. Reporting and Analysis
   • Prepare loan review reports with detailed findings and observations, highlighting non-compliance with policies or regulatory standards.
     
   • Analyze the adequacy of credit documentation and loan loss provisions.
     
   • Contribute to MIS reports and internal dashboards as per Head of LRM directives.
     
4. Policy Compliance and Process Adherence
   • Ensure reviewed accounts comply with internal credit policies, CBO guidelines, and lending standards.
     
   • Monitor deviations or exceptions from policy and escalate critical issues to Head of LRM.
     
   • Assist in enhancing internal review frameworks and guidelines to align with regulatory changes.
     
   • Support the Head of LRM in maintaining independence, objectiveness and effectiveness of the LRM Function.
     
5. Stakeholder Coordination
   • Liaise with business units to obtain relevant information and ensure alignment on review findings.
     
   • Challenge business responses and proposed corrective actions where evidence is not sufficient or risk remain unaddressed.
     
   • Support engagement with internal stakeholders and regulatory authorities (e.g., Central Bank of Oman) as required.
     
   • Participate in cross-functional projects or audits related to the Loan Review Mechanism.
     
6. Special Assignments
   • Support the Head of LRM in carrying out special reviews and investigations and other assignments as advised by the Head of LRM.
     
   • Contribute to the development and periodic reviews of LRM policies/ procedures’/annual plan
     

Requirements

• Omani Nationals only.
  

Education and Experience

• Education: Bachelor’s degree in Business, Finance, Economics, or related fields.
  
• Experience: Minimum 8-10 years in credit risk, audit, or financial analysis roles, preferably in banking or financial services.