Loan Recovery Specialist

1 day ago


Singapore UPPER SPRING CONSULTING PTE. LTD. Full time
Roles & Responsibilities

We are representing our client, the Singapore branch of a multinational banking group, to look for a Non-Performing Loan (NPL) Recovery Specialist to manage the Singapore Branch’s Corporate Banking NPL accounts.


Responsibilities

  • Handle, monitor and follow up on the Branch's NPL accounts; set up the recovery strategy and manage the recovery of NPL and written off accounts.
  • Prepare recovery proposals for approval in accordance with the Branch's authorization.
  • Monitor material risk events, and ensure timely reporting to Management/Head Office; and follow up on the progress of potential NPL accounts.
  • Review/Prepare monthly management reports on collection and recovery.
  • Negotiate with borrowers in collaboration with cross functional departments such as Corporate Banking and Legal departments etc. and liaise with external parties such as lawyers and judicial manager etc.
  • Ensure that post-loan management and NPL collection are carried out in accordance with the Head Office and Branch Management requirements and regulatory requirements.
  • Ensure the completion of key performance indicators relating to asset quality management assigned by Head Office and Management.
  • Review and formulate the Branch’s systems, procedures and requirements relating to material risk event management, NPL management and collection work.
  • As a second line defense, set up the post-loan management risk framework to prevent potential NPL, and follow up and guide the Font Office on post-loan management activities.
  • Provide targeted work assistance and guidance to the junior staff, and nurture team development.
  • Handle any other work assigned by the Management.

Requirements

  • More than 8 years of NPL management work experience.
  • Bachelor’s Degree or higher in Law, Finance, Economics, Accounting or related major.
  • Managerial experience is preferred.
  • Familiar with the regulatory requirements of bank's bad credit collection.
  • Familiar with legal terms in restructuring, litigation, repossession and liquidation.
  • Possess independent project management capability.
  • Strong ability to coordinate with all relevant parties, make sound judgments and handle contingencies in a timely and appropriate manner.
  • Strong negotiation, communication and data analysis skills.
  • Strong investigation ability.
  • Fluent in English and Chinese as the incumbent is required to liaise with Chinese speaking counterparts.

Tell employers what skills you have

Repossession
Debt Recovery
Credit Risk Management
Commercial Litigation
Insolvency matters
Risk monitoring
Debt collection
Debt Restructuring
Collections Management
Regulatory Requirements
NPL
Liquidation
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