SENIOR MANAGER, WHOLESALE BANKING RECOVERY - SPECIAL ASSETS

Job Descriptions

• Assisting Head of Wholesale Banking (WB) Recovery in management of under-performing (UA) and impaired (IA) accounts including:

(1) engaging in negotiations with Borrowers, Guarantors, other Obligors, solicitors and other recovery professionals with a view to arrive at the best resolution to maximise returns to the Bank;

(2) analyzing relevant information and writing proposals for rescheduling and/or restructuring (R&R) or for compromised settlements of UA/IA accounts to obtain approval for said proposals;

(3) implementation of debt restructuring strategies to maximize recovery of UA/IA accounts;

(4) monitoring of litigations and foreclosures, and working with solicitors and other recovery professionals to expedite legal proceedings; and

(5) adherence to regulatory requirements and internal policies and procedures while executing day-to-day duties.

• Delivering yearly financial targets set by Management for accounts in the portfolio.
• Independent evaluation of customers financials and operations and recommending impairment provisions for impaired accounts via DCF.
• Maximising collections and recoveries.
• Monitoring of troubled credits and formulating solutions to maximize debt recovery in the most expedient manner.
• Attending to litigation against defaulters and working with solicitors to expedite legal proceedings.
• Preparation of credit R&R proposals and settlement proposals for credit committee's approval.
• Liaising with support departments to ensure smooth administration of credits and accounts managed by GLR.
• Ensuring timely completion of periodic reports, e.g. on status of recovery actions, for HOD and management's information.
• Ensuring compliance to internal policies and operational procedures in the course of carrying out his/her duties.
• Ensuring compliance to regulatory requirements.
• Enhancing technical knowledge by completing all trainings provided by the bank.
• Keeping abreast with best practices, regulatory requirements and industry developments in finance, restructuring & recovery.

Job Requirements

• Degree or Professional Qualification in Finance, Business, Commerce or similar fields
• Certified Credit Professional (CCP)
• Professional Credit Certification (PCC)
• At least 10 years credit experience in SME/Commercial/Corporate environment
• Experience in restructuring & rescheduling (R&R) and recovery of accounts
• Proficient in relevant regulatory requirements, industry best practices & policies
• Proficient in both conventional & shariah business and risk management matters