Assistant Vice President, Business Banking Recovery
Assistant Vice President, Business Banking Recovery
alliance bank malaysia berhad- Posted a month ago
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Job Description
Purpose
- To manage designated Impaired Loans (IL) of the Group
- To maximize recoveries from the IL which is also to reduce the impaired loan outstanding and ratio
- To manage the Individual Recovery Officers Performance IL
- To manage collections by following up on IL diligently.
- To negotiate settlement with borrower/customer with a view to restructure/reschedule the impaired account and/or work out a settlement plan
- To recommend repayment proposals to the approving authorities for approval.
- To undertake post mortems and highlight credit deficiencies and recommendation on way forward to address the issues.
- To check and ensure accurate monthly submission of individual assessments under FRS 139.
- To ensure timely CGC/SJPP claim submissions.
- To approve with delegated approval authority and to support recommendations by Recovery Officers on repayment proposal for higher authority approval.
- To maintain good relationship with internal and external parties such as BNM, solicitors, valuers, auctioneers and Receivers/Managers and Liquidators.
- To liaise with and instruct external solicitors on legal action to be taken for the recovery of monies where direct negotiations have not be successful.
- To ensure timely and accurate updating of progress reports to ensure all actions are current.
- To ensure compliance with BNM guidelines, FSA and other related regulations.
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