Manager - Wholesale Credit (Recovery Management)

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Functional (job responsibilities)

• Formulate and implement dynamic and robust strategies, resolution to expedite recovery.
• Oversea the expeditious recovery on defaulted accounts where prospect of workout is minimal.
• Expedite litigation on accounts where there is low prospects of rehabilitation.
• Negotiate with customers and establish formal corrective actions plans with approved milestones and target dates, and to undertake on-going monitoring to rehabilitate accounts where the prospects of workout / restructuring is high.
• Work closely with other departments of the Bank and direct external agents such as receivers and managers, liquidators, monitoring accountants, solicitors, valuers, auctioneers, other lenders and consultants to expedite the resolution of accounts under purview.
• Monitor all CGC/ SJPP guarantee accounts to ensure timely notification of NPL classification, submission of CGC claims, and all matters pertaining to the related accounts.
• Ensure charged assets are adequately protected / insured and proper legal advice is taken in the recovery process, with a view to safeguard the Bank from potential loss.
• Regularly review and ensure adequacy of impaired financing provisioning and in compliance with internal and external guidelines.
• Ensure strategies fully comply with regulatory requirements.
• Prepare approval papers that include position papers and proposals by customers (including analysis and review of debt restructuring schemes and repayment proposals) to be tabled to the relevant Committees.
• Participate and presenting to the relevant Committees and make recommendation as required.
• Preparation of letter of offer and relevant correspondences.
• Update and checking of monthly/quarterly reports required for submission.

Managerial (team/group responsibilities)\

• Monitor and track performance in meeting the recovery targets to ensure contribution to the team’s overall target.

Organizational (organizational responsibilities)

• Identify and implement process enhancement to improve productivity and work quality.
• To participate in new projects related to work.

Education/Qualification

• Degree

Realise your full potential at Hong Leong Bank by applying now.