
Corporate Recovery Manager
4 days ago
Job Overview
The Corporate Recovery Manager is responsible for overseeing the remedial management function for non-performing loans (NPLs) within the corporate and SME banking segments. This involves developing and implementing strategies to maximize NPL recoveries while adhering to regulatory frameworks and internal policies.
Key Responsibilities
- Lead a team of professionals to ensure effective execution of NPL collections and remedial processes.
- Develop and execute remedial action plans to maximize recoveries and minimize financial losses.
- Collaborate with relationship managers and credit teams to develop workout solutions for distressed accounts.
Delinquency & Loss Management
- Implement strategies to reduce defaults, optimize restructuring solutions, and recommend corrective actions for high-risk accounts.
Recovery Team Leadership & Execution
- Lead and manage the Corp & SME Recovery & Remedial team, ensuring high performance in debt recovery operations.
- Assign and monitor case action plans for recoveries, legal actions, settlements, and restructuring.
- Provide mentorship and training to the recovery team to enhance skills in negotiation, litigation, and asset recovery.
Adherence to Remedial Processes & Compliance
- Ensure all remedial and recovery activities comply with internal policies, regulatory requirements, and industry best practices.
- Implement robust governance frameworks to uphold high standards of operational integrity in remedial functions.
- Work with legal and compliance teams to ensure litigation and debt recovery align with regulatory frameworks.
MIS Reporting & Performance Monitoring
- Track key performance indicators (KPIs), including recovery rates, resolution timelines, and delinquency ratios.
- Provide senior management with data-driven insights to support strategic decision-making.
Remedial Procedure Development & Process Improvement
- Develop, review, and refine remedial policies, collection strategies, and recovery processes.
- Identify process improvement opportunities to enhance operational efficiency and recovery effectiveness.
- Leverage technology and analytics to optimize collection strategies from NPL customers and their resolution mechanisms.
Audit & Regulatory Compliance
- Ensure the Remedial Unit is always audit-ready by maintaining accurate documentation, reports, and case files.
- Support internal and external audit reviews, regulatory inspections, and risk assessments related to Corporate & SME loan NPL recoveries.
- Address any audit observations and implement corrective actions as needed.
Business Control & Governance:
- Ensure adherence to the bank's policies, regulatory requirements, and industry standards in all operational activities.
Process Innovation, Automation & Digitalization:
- Drive continuous process improvement through innovative, automated, and digital solutions once required.
Self/People Development & Continuous Learning:
- Continually update oneself through knowledge acquisition, on-the-job training, or project involvement; advocate and support others to do the same.
Person Specifications
- Education: degree in Business/ Finance/ Economics etc.
- Experience: Total of 10 years of overall experience and 5 years of relevant experience in Corporate & SME Remedial & Recovery.
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