Assistant Retail Legal Collection Advisor

About the Role

The Saudi National Bank (SNB) is seeking an Assistant Retail Legal Collection Advisor to join their team in Riyadh, Saudi Arabia. This full-time position is designed for professionals with 0-1 years of experience, focusing on monitoring and managing various written-off and non-performing loan (NPL) portfolios within Retail Banking. The primary objective is to recover the bank's rights from defaulting clients through effective collection strategies and legal actions.

Key Responsibilities

• Engage with defaulting clients to negotiate settlements and initiate lawsuits when necessary, collaborating with and supervising the collection team to secure the bank's rights.
• Conduct financial analyses for applications related to filing lawsuits.
• Follow up with clients under the Kafalah program for collection and pursue confiscation of their sponsorship.
• Monitor and follow up with clients regarding scheduled installment payments, encouraging timely remittance.
• Implement the legal Retail collection management strategy and monitor its performance to ensure objectives are met.
• Track the legal positioning of collection clients to stay informed about account developments.
• Address financial and accounting constraints of defaulting clients within the retail collection portfolio.
• Review and evaluate client offers, completing necessary steps for presentation to internal authorities.
• Receive credit approvals and oversee their implementation according to specified conditions.
• Manage various litigation and dispute settlement activities and negotiations to protect all legal rights.

Policy Adherence and Reporting

• Review departmental policies, processes, standard operating procedures, and instructions to ensure consistent and controlled work execution.
• Adhere to the Bank’s AML/CTF policy, guidelines, and all SAMA regulations concerning account opening, KYC, and Customer Due Diligence.
• Comply with the Bank’s Cyber Security policies and all SAMA regulations, supporting SNB in meeting internal, national, and international Cyber Security controls.
• Prepare periodic quarterly reports on collection management activities.

Qualifications and Experience

• 0-1 years of relevant professional experience.

Work Environment

This is a full-time position based in Riyadh, Saudi Arabia, with potential involvement in activities across Jeddah and Dammam. The role operates within the Retail Banking division, collaborating with collection and legal teams to achieve financial recovery objectives.

Additional Duties

The Assistant Retail Legal Collection Advisor will also perform other related duties or assignments as directed by management.