Asset Recovery Manager
3 weeks ago
We are seeking a highly skilled Asset Recovery Manager to join our Risk Management team at DBS Bank.
Job DescriptionThe Asset Recovery Manager will be responsible for the development and maintenance of risk management frameworks, providing independent review and challenge to business units to ensure appropriate balance in risk/return decisions. The role will also involve monitoring and reporting on key risk issues and managing non-performing loans (NPLs) booked in Special Assets Management (SAM).
- Maximizing recovery from NPLs and reducing the number of NPL accounts for the bank
- Managing NPLs through debt restructuring, legal proceedings, collateral disposal, and claims processing under government schemes
- Participating in corporate account restructuring, including negotiation, proposal preparation, and loan documentation review
- Developing action plans and strategies to maximize recovery and reduce NPLs
- Regularly reviewing and revising loan classification and status to ensure proper provisioning and compliance with regulations
- Supervising junior Recovery Managers and ensuring adherence to guidelines and laws
- Providing support and advice to business units on high-risk cases and implementing new systems and processes
To be successful in this role, you will need:
- A degree in law, banking, or accounting, preferably with 10 years of experience in credit risk, commercial banking, and corporate banking
- Certified Credit Risk Management Professional (ECF-CRM) is an advantage but not mandatory
- Strong leadership and management skills, sound legal knowledge, and good negotiation skills
- Good problem-solving and analytical techniques, solution-oriented, and conversant with up-to-date HKMA/MAS requirements
- Fluency in English and Chinese, both oral and written
We offer a competitive salary and benefits package, a dynamic environment that supports your development, and recognition of your achievements. As an Asset Recovery Manager at DBS Bank, you will have the opportunity to work with a leading financial institution and contribute to its success.
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