Asset Recovery and Restructuring Manager

2 weeks ago

Hong Kong, Central and Western District, Hong Kong SAR China DBS Bank (Hong Kong) Limited Full time

About the Role

DBS Bank (Hong Kong) Limited is seeking a highly skilled Asset Recovery and Restructuring Manager to join our team. As a key member of our Risk Management Group, you will be responsible for leading the recovery and restructuring efforts for non-performing loans.

About the Job

  • Monitor and control the performance of non-performing loans booked in Special Assets Management with a view to maximize recovery and reduce the number of NPL accounts for the bank.
  • Manage NPLs including debt restructuring, initiation of legal proceedings, collateral disposal, and processing claims under Government Scheme.
  • Participate in corporate accounts restructuring:
    • Attend Bank Group meetings and negotiate best terms for the bank.
    • Liaise with Lead Bank for restructuring progress.
    • Prepare credit proposals for management's review/approval when restructuring terms are finalized.
    • Review loan documentation for restructuring.
    • After closing, monitor repayment schedule.
  • Reduce NPLs and maximize recovery in the best interests of the bank:
    • Formulate action plans & strategies for the designated accounts to maximize recovery.
    • Analyze appropriate actions in litigation/collateral disposal & processing claims under Government Scheme.
    • Regular review and revision of loan classification and status to ensure proper provisioning/SP.
    • Ensure that the actions are in accordance with the internal regulations & in compliance with Laws, the Code of Banking Practice & and the guidelines prescribed by HKMA.
    • Regularly review and monitor recovery progress of designated NPL cases.
    • Write-off the loan balance after exhaustion of recovery actions.
    • Provide regular updates to management on the status of designated NPL cases.
  • Review/update operation manual for NPL management in accordance with internal guideline and regulatory requirement.
  • Supervise junior Recovery Managers and ensure their strict adherence to guidelines and are complying with laws and regulations when handling their NPL portfolios.
  • Provide support and advice to business units on high risk watchlist cases.
  • Support system development/enhancement and ad hoc project:
    • To implement the new special asset management system (ESAM) platform including the design, data reconciliation, user acceptance test (UAT) and deployment.
    • To closely work with different stakeholders and counterparties including Finance and Headquarter to facilitate the deployment of ESAM.
  • Perform other related tasks e.g. MIS reporting.
  • Strict compliance with laws and regulations for credit recoveries.

About You

  • Degree holder, preferably in law, banking or accounting.
  • Certified Credit Risk Management Professional (under ECF-CRM) preferred but not mandatorily required.
  • Minimum 10 years of experience in banking industry (including credit risk, commercial banking and corporate banking) especially solid experience in credit recoveries and restructuring.
  • Strong leadership and management skills to effectively motivate, coach and guide staff to achieve specified performance target.
  • Sound legal knowledge related to credit recoveries; accounting and banking practice.
  • Good negotiation skill with good market and industry knowledge.
  • Good problem solving and analytical techniques, solution oriented.
  • Strong project management and/or process skills is an advantage.
  • Conversant with up-to-date HKMA/MAS requirements in related areas.
  • Preferably with hands-on experience in MIS analysis and reporting.
  • Knowledge in SQL or related reporting/programming tools is an advantage but not a must.
  • Fluency in English and Chinese, both oral and written.

About DBS

We offer a competitive salary and benefits package and the professional advantages of a dynamic environment that supports your development and recognises your achievements.

  • Senior Asset Recovery Manager

    4 weeks ago

    Hong Kong, Central and Western District, Hong Kong SAR China DBS Bank (Hong Kong) Limited Full time

    Job SummaryWe are seeking a highly skilled Senior Asset Recovery Manager to join our Risk Management Group at DBS Bank (Hong Kong) Limited. As a key member of our team, you will be responsible for maximizing recovery and reducing the number of non-performing loans (NPLs) booked in Special Assets Management (SAM).Key ResponsibilitiesMonitor and control the...

  • Asset Recovery Manager

    3 weeks ago

    Hong Kong, Central and Western District, Hong Kong SAR China DBS Bank Full time

    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...

  • Debt Restructuring Specialist

    1 month ago

    Hong Kong, Central and Western District, Hong Kong SAR China DBS Bank (Hong Kong) Limited Full time

    At DBS Bank (Hong Kong) Limited, we are seeking a skilled Debt Restructuring Specialist to join our Risk Management Group (RMG). Our RMG is responsible for developing and maintaining risk management and internal control frameworks, providing independent review and challenge to the business, and monitoring and reporting on key risk issues of the Bank.Key...

  • Corporate Recovery Specialist

    4 weeks ago

    Hong Kong, Central and Western District, Hong Kong SAR China KPMG China Full time

    Job Title: Corporate Recovery SpecialistKPMG China is committed to helping clients navigate complex business challenges and achieve their goals. As a Corporate Recovery Specialist, you will play a critical role in driving value enhancement through the creation and execution of business transformation strategies. Key Responsibilities:Develop and implement...

  • Asset Recovery Manager

    4 weeks ago

    Hong Kong, Central and Western District, Hong Kong SAR China Dah Sing Bank Full time

    At Dah Sing Bank, we are seeking an experienced Asset Recovery Manager to join our Corporate Banking team. This is a unique opportunity to leverage your expertise in credit control and debt collection operations to minimize credit loss and maximize recovery.Job Overview:We offer a competitive salary of HKD 800,000 per annum, commensurate with experience, to...

  • Business Development Manager, Restructuring and Turnaround Services

    2 months ago

    Hong Kong, Central and Western District, Hong Kong SAR China KPMG China Full time

    Job SummaryKPMG China is seeking a highly motivated and experienced professional to join our Turnaround and Restructuring team as a Business Development Manager. The successful candidate will be responsible for driving business growth and development, identifying new opportunities, and building relationships with clients and stakeholders.Key...

  • Senior Manager, Corporate Recovery Expert

    4 weeks ago

    Hong Kong, Central and Western District, Hong Kong SAR China HSBC Full time

    About Hang Seng BankHang Seng is a leading financial institution committed to service excellence. Our people are our most important asset and play a vital role in our efforts to continually enhance our performance for customers and provide best-in-class products and services.Job OverviewWe seek to attract high-caliber talent by offering a dynamic working...

  • Corporate Recovery Manager, Credit Risk Unit

    4 weeks ago

    Hong Kong, Central and Western District, Hong Kong SAR China HSBC Full time

    About Hang Seng BankWe are a leading bank in Hong Kong dedicated to service excellence. Our people are our most valuable asset and play a crucial role in enhancing our performance for customers and providing top-notch products and services.Risk Management - A Key Focus AreaHang Seng's Risk Management team strives to maintain a balanced risk profile while...

  • Financial Operations Manager for Debt Restructuring

    4 weeks ago

    Hong Kong, Central and Western District, Hong Kong SAR China King Deux Search & Consulting Full time

    King Deux Search & Consulting is a specialized executive search firm offering bespoke talent solutions across financial services and commerce. We are committed to finding the right opportunity for our candidates while leaving a lasting legacy.We invite you to explore exceptional career opportunities at https://www.careers-page.com/kingdeux, where you can...

  • Finance Manager for Debt Restructuring

    3 weeks ago

    Hong Kong, Central and Western District, Hong Kong SAR China King Deux Search & Consulting Full time

    King Deux Search & Consulting is a specialized executive search firm that provides bespoke talent solutions across financial services and commerce.We are committed to finding the right opportunity for our candidates and leaving a legacy beyond the hiring process.Follow us for updates on our exceptional clients.About the CompanyThe company is a HK mainboard...

  • Customer Experience Recovery Manager

    2 months ago

    Hong Kong, Central and Western District, Hong Kong SAR China Cathay Pacific Airways Limited Full time

    Cathay Pacific Airways Limited is a leading international airline that requires a seasoned professional to join its team as a Customer Experience Recovery Manager. This is a challenging and rewarding role that involves coordinating and leading the recovery efforts for customers impacted by flight disruptions and service failures.The successful candidate will...

  • Asset Manager

    4 weeks ago

    Hong Kong, Central and Western District, Hong Kong SAR China BNP Paribas Asset Management Full time

    ROLE DESCRIPTIONAs an Asset Manager at BNP Paribas Asset Management, you will be responsible for the production of institutional reporting that does not meet the standardization requirements. This involves working closely with the Reporting Factory based in India to ensure timely delivery of reports to our clients. Additionally, you will be in charge of...

  • Risk Management Specialist

    2 months ago

    Hong Kong, Central and Western District, Hong Kong SAR China DBS Bank (Hong Kong) Limited Full time

    Risk Management Group OverviewDBS Bank (Hong Kong) Limited's Risk Management Group (RMG) is responsible for developing and maintaining risk management and internal control frameworks. Our team provides independent review and challenge to business to ensure that appropriate balance is considered in risk/return decisions. Additionally, RMG is responsible for...

  • Asset Management Specialist

    2 weeks ago

    Hong Kong, Central and Western District, Hong Kong SAR China BNP Paribas Asset Management Full time

    Job DescriptionWe are seeking a highly skilled Asset Management Specialist to join our team at BNP Paribas Asset Management. The successful candidate will be responsible for managing and overseeing the trade lifecycle, including order processing, trade settlement, corporate actions, valuation functions, etc.The ideal candidate will have a strong...

  • Risk Management Professional

    2 weeks ago

    Hong Kong, Central and Western District, Hong Kong SAR China DBS Bank (Hong Kong) Limited Full time

    The Risk Management Group (RMG) at DBS Bank (Hong Kong) Limited plays a vital role in ensuring the bank's financial performance and stability. As a key member of this team, you will be responsible for managing risks effectively.Company OverviewRMG is committed to providing independent review and challenge to the business to ensure that appropriate balance is...

  • Asset Management Expert

    3 weeks ago

    Hong Kong, Central and Western District, Hong Kong SAR China BNP Paribas Asset Management Full time

    About the RoleWe are seeking an experienced Portfolio Administration Specialist to join our team at BNP Paribas Asset Management. This role will be responsible for managing and overseeing the trade lifecycle, including order processing, trade settlement, corporate actions, and valuation functions performed by internal teams and external providers.Key...

  • Strategic Product Manager

    2 weeks ago

    Hong Kong, Central and Western District, Hong Kong SAR China ICBC Asset Management (Global) Full time

    About ICBC Asset Management (Global)ICBC Asset Management (Global) is a leading global asset manager, dedicated to providing high-quality investment solutions for our clients. We are committed to delivering exceptional returns and building long-term relationships with our stakeholders.We are seeking a highly skilled Strategic Product Manager to join our team...

  • Compliance Manager

    2 weeks ago

    Hong Kong, Central and Western District, Hong Kong SAR China BNP Paribas Asset Management Full time

    Job DescriptionAs a key member of the BNP Paribas Asset Management team, you will play a critical role in ensuring compliance with regulatory requirements and internal policies. The ideal candidate will have extensive experience in compliance management, preferably within an international asset management company.ResponsibilitiesRepresent the Compliance...

  • Strategic Product Manager for Asset Management

    4 weeks ago

    Hong Kong, Central and Western District, Hong Kong SAR China ICBC Asset Management (Global) Full time

    Company OverviewICBC Asset Management (Global) is a leading asset management company that offers a wide range of investment products to institutional and individual investors. We are committed to providing high-quality investment solutions and exceptional client service.About the RoleWe are seeking an experienced Strategic Product Manager for Asset...

  • Compliance Manager for Asset Management

    2 weeks ago

    Hong Kong, Central and Western District, Hong Kong SAR China BNP Paribas Asset Management Full time

    Role OverviewThe Compliance Manager will be responsible for ensuring that BNP Paribas Asset Management Asia Limited is in full compliance with applicable Hong Kong regulatory requirements and BNPP Group Compliance standards.This includes providing proactive compliance advice to the business, rolling out Group Compliance policies and standards, implementing...