Overview
A well-established Regional Bank is hiring a Assistant Manager, Special Assets & Debt Recovery to manage the problematic corporate loan portfolios for the bank.
Role Responsibilities
- Manage and monitor problem corporate loans portfolio and formulate action plan to maximize financial recovery.
- Ensure appropriate and updated risk rating is provided for non-performing loans
- Formulating and performing daily execution of collection strategies.
- Handle debt recovery for the designated accounts through cash/ assets recovery, debt restructuring and security enforcement.
- Monitor and manage overdue accounts, identify problematic accounts, and assess potential delinquencies;
- Communicate with customers and manage foreclose actions.
- Oversee, execute and track progress for all collection activities;
- Liaise with solicitors, agents and related external parties regarding recovery actions and litigation process;
- Collaborate with external entities such as legal firms, real estate agency, and auction houses, and monitor their performance and evaluate associated costs;
- Review and update policies and procedures related to risk management and credit monitoring;
- Advise on collection/litigation/bankruptcy cases. Monitor legal proceedings in both Hong Kong and the Greater China;
- Ensure strict compliance with all internal policies and procedures, and all regulatory requirements;
Requirements
- Bachelor Degree or above in Risk Management, Business, Law or related disciplines;
- Holder of ECF on Credit Risk Management (CCRP(CPM)) qualification;
- At least 3-5 years of special asset management experience in financial industry;
- Strong understanding on legal and regulatory requirements in banking practices on credit risk management;
- Strong analytical, presentation, report-writing skills and attentive to details
- Good command of Chinese and English with knowledge of Putonghua
If you believe you have the relevant skill and experience and is interested in this position, kindly get in touch with Jack Leung with your CV and contact details to engage in a confidential discussion.
