Deputy Managing Director (DMD)

Job Description

Title: Deputy Managing Director (DMD)

Company Name: IFIC Bank PLC

Vacancy: --

Age: Na

Job Location: Dhaka

Salary: --

Experience:

• At least 15 years
• The applicants should have experience in the following business area(s): Banks

• Masters
• Master of Business Management (MBM)
• Master of Business Administration (MBA)

Master`s/MBA/MBM from a reputed university with no 3rd division/class in any examination.

• At least 15 years
• The applicants should have experience in the following business area(s): Banks

• Minimum 15 years of experience in Banking or NBFIS, including at least 5 years in senior management roles-preferably involving lending, risk oversight, or corporate governance, with experience as a member of the Credit Committee and/or ALCO.
• Demonstrated track record in managing large-scale recovery operations, restructuring deteriorating assets, and improving portfolio quality.

Personal Attributes

• Proven ability to manage large teams and cross-functional coordination with business, risk, and compliance units.
• Strong expertise in loan recovery strategies, credit operations, and risk assessment.
• In-depth understanding of Bangladesh Bank regulations, particularly in rescheduling, restructuring, and resolution of distressed loans.
• Ability to persistently pursue corporate loan defaulters for recovery, restructuring, exit settlements, and negotiate favorable terms effectively.
• Excellent judgment, leadership maturity, and ability to work under pressure in high-stakes environments.

Age: Maximum age 55 years (may be relaxed for exceptional profiles)

A Defining Role as a Proven Leader

With over 1,400 branches and sub-branches (Uposhakhas) nationwide, IFIC Bank PLC holds the distinction of being Bangladesh`s largest bank by network. Today, IFIC Bank offers a full suite of banking services-including corporate, retail, SME, investment banking, digital, and Islamic products-and is committed to sustainable growth, best-in-class service delivery and diversified portfolios. Led by an experienced Senior Management Team, our strategic focus includes expansion of retail, MSME, and corporate operations, risk management, and digital transformation.

As part of its strategic drive to enhance asset quality and accelerate recovery performance, IFIC Bank is seeking an accomplished senior leader to serve as Deputy Managing Director (DMD). This pivotal role will lead the Bank`s end-to-end loan recovery strategies, oversee large-scale recovery operations, and lead the initiatives to significantly reduce non-performing loans (NPLs).

KEY RESPONSIBILITIES:

• Oversee and guide a large, specialized recovery team at the Head Office with challenging recovery targets and ensuring accountability for results.

• Formulate and execute targeted recovery plans for non-performing, stressed, and written-off assets, delivering measurable results while ensuring strict adherence to legal and regulatory frameworks.

• Drive branch-level recovery performance through continuous monitoring, performance reviews, and direct engagement with branch business.

• Work closely with legal, and external lawyers to quickly resolve court cases under Artha Rin Adalat act to achieve targeted recovery goals.

• Manage relationships with key borrowers and other relevant stakeholders along with regulatory and government authorities.

• Initiate negotiations with defaulters for restructuring, settlement, or legal action.

• Drive early identification and proactive management of potentially at-risk accounts through robust monitoring systems and early warning mechanisms.

• Support the Managing Director in executing strategic initiatives by offering expert insights on lending and recovery trends, market behavior, and client solutions.

• Develop policies for restructuring, rescheduling, or settlement of bad loans.

• Build a culture of accountability, transparency, and ethical conduct in all recovery efforts.

Remuneration package: Competitive and commensurate with industry standards.