Senior Specialist, Corporate & Commercial Recovery

Objective:

• Manage, rehabilitate, reschedule & restructure (R&R) and recovery of impaired loan (“IL”) and debt/equity instruments (“DE”) to maintain quality asset portfolio (Conventional & Islamic Accounts)
• Manage, rehabilitate, reschedule & restructure (R&R) and recover potential non-performing accounts (PNPA) and non-performing accounts (NPA) to maintain quality asset portfolio.
• Reduce NPAs to an acceptable level.
• Manage and monitor performance and compliance of terms of DE and disposal of DE.
• Manage and monitor rehabilitated / rescheduled / restructured impaired loan (“IL”) until full settlement.
• Manage Non-Impaired accounts which are successfully rehabilitated, strategy to “exit” these accounts, and related accounts to Impaired Accounts
• Manage and monitor rehabilitated / rescheduled / restructured NPA accounts until full settlement.
• Manage collaboration and relationship with external solicitors to support necessary legal action/proceedings
• Execute end-to-end auction of all assets/collaterals to maximise auction sales value to reduce
• Propose and negotiate settlement plans to maximise amount recovered for written-off cases

Responsibilities:

• Manage and monitor performance and compliance of terms of DE (redemption, coupon payment and put & call option) and disposal where applicable.
• Rehabilitate/reschedule/restructure IL and defaulted DE, collection of overdue accounts, liaising with borrowers/issuers, guarantors, solicitors, valuers, insurers, auditors, financial advisors, receivers and managers, liquidators and etc
• Responsible for evaluation and assessment of R&R proposals, request, settlement or work out scheme.
• Responsible for monitoring implementation of R&R, settlement or work out scheme.
• Responsible for monitoring performance of non-Impaired accounts which are successfully rehabilitated or under exit strategy
• Perform field work including site visitation.
• Continuous review of performance through submission of periodic reports.
• Initiate legal actions whenever necessary.
• Conduct credit review/renewal of accounts including impairment assessment under FRS139.
• Optimise turnaround time for submission of CAs on R&R proposal, customer’s request, settlement proposal or work out scheme as well as variation to the terms & conditions.
• Maximise collections/recoveries and write-back.
• Ensuring compliance with the Bank’s impairment, credit and risk management policy and parameters set by the appropriate regulatory bodies.
• To maintain close contact with solicitors on updates for litigation proceedings.
• Liaise with Business Units on related accounts.
• Preparing monthly and ad-hoc reports
• Post-mortem review of impaired loans
• Handle security and legal documentation in relation to R&R and redemption of securities.
• Evaluation and assessment of any form of proposal, request, settlement or work out scheme.
• Optimise turnaround time for submission of CAs on R&R proposal, customer’s request, settlement proposal or work out scheme as well as variation to the terms & conditions.
• Presentation to management committees on NPA performance on monthly basis in the absence of Circle Lead
• Key liaison Officer to Business Corporate & Commercial Units & Group Risk Management on Islamic NPL prevention and statistic related matters.
• Ensure system maintenance of account are done (incl. update LOADS ,CTOS, MOCHA on changes to customer risk ratings) and change of customers information
• Carry out individual assessment (“IA”)
• Identify and submit accounts which are qualified for write-off/write down

Requirement:

• Minimum of 3 years of experience in credit assessment/recovery.
• Good interpersonal and communication skills
• Good in credit and legal knowledge.
• Strong problem solving skills and resourceful
• Solid communication/ people skills and able to handle customers
• Persistence, discipline and strong sense of initiative to follow-through on issues
• Knowledge of compliance/legal/regulatory requirements regarding collection activities
• Strong knowledge of legal processes and procedures related recovery
• Good interpersonal, communication and report writing skills.
• Excellent financial and business analytical skills