Head of Corporate Recovery (VP - SVP), Special Asset Management

Job Description

Title: Head of Corporate Recovery (VP - SVP), Special Asset Management

Company Name: Eastern Bank Limited

Vacancy: --

Location: Anywhere in Bangladesh

Minimum Salary: Negotiable

Experience:
∎ At least 15 years

Published: 4 Jul 2024

Education:
∎ Minimum graduation with relevant background.
∎ Minimum graduation with relevant background.

Requirements:

Additional Requirements:
∎ Minimum 15 years of experience in corporate / commercial business / credit risk management / special asset management / corporate recovery.
∎ Understanding of the full credit lifecycle.
∎ Good IT skills and knowledge.
∎ Excellent communication and leadership skills along with great interpersonal and customer relationship.
∎ Multi-tasking, pro-active and keen to achieve set target.
∎ Ability to work in a team and capability to meet deadlines.
∎ Minimum 15 years of experience in corporate / commercial business / credit risk management / special asset management / corporate recovery.
∎ Understanding of the full credit lifecycle.
∎ Good IT skills and knowledge.
∎ Excellent communication and leadership skills along with great interpersonal and customer relationship.
∎ Multi-tasking, pro-active and keen to achieve set target.
∎ Ability to work in a team and capability to meet deadlines.

Responsibilities & Context:
∎ Eastern Bank PLC. is looking for qualified resources to join our Special Asset Management (SAM) division. SAM plays an important role in assisting business growth and maximizing profitability while maintaining a balance between risk and reward over the life-cycle of bank’s products and portfolios. As a vital component of our commitment to responsible banking, this division specializes in the effective management of distressed loans and advances. With a focus on maximizing recovery while adhering to regulatory requirements, our team excels in loan restructuring, asset disposition, risk mitigation, client communication, and financial analysis. Join the team passionate about excellence and integrity in the banking sector as we continue to deliver exceptional results for our clients and stakeholders.
∎ Planning, directing and overall management of respective Non-performing Assets and lead corporate recovery team in effective and efficient manner.
∎ Strengthening NPL recovery actions for Corporate portfolio.
∎ Contribute to Bank’s sustainable growth through maximizing recovery and minimizing NPL Assets.
∎ Arranging necessary approval from Senior Management and or Board, as applicable.
∎ Achieving the recovery target from delinquent portfolio to contribute to the income of the bank.
∎ Managing the portfolios and increasing recovery in line with the budget.
∎ Developing recovery strategies and procedures to strengthen recovery.
∎ Ensuring that effective process and controls are in place with the EBL policy and local laws and regulatory
∎ Eastern Bank PLC. is looking for qualified resources to join our Special Asset Management (SAM) division. SAM plays an important role in assisting business growth and maximizing profitability while maintaining a balance between risk and reward over the life-cycle of bank’s products and portfolios. As a vital component of our commitment to responsible banking, this division specializes in the effective management of distressed loans and advances. With a focus on maximizing recovery while adhering to regulatory requirements, our team excels in loan restructuring, asset disposition, risk mitigation, client communication, and financial analysis. Join the team passionate about excellence and integrity in the banking sector as we continue to deliver exceptional results for our clients and stakeholders.
∎ Planning, directing and overall management of respective Non-performing Assets and lead corporate recovery team in effective and efficient manner.
∎ Strengthening NPL recovery actions for Corporate portfolio.
∎ Contribute to Bank’s sustainable growth through maximizing recovery and minimizing NPL Assets.
∎ Arranging necessary approval from Senior Management and or Board, as applicable.
∎ Achieving the recovery target from delinquent portfolio to contribute to the income of the bank.
∎ Managing the portfolios and increasing recovery in line with the budget.
∎ Developing recovery strategies and procedures to strengthen recovery.
∎ Ensuring that effective process and controls are in place with the EBL policy and local laws and regulatory

Compensation & Other Benefits:
∎ EBL will offer excellent career opportunities with competitive salary and benefit package.
∎ EBL will offer excellent career opportunities with competitive salary and benefit package.

Employment Status: Full Time

Job Location: Anywhere in Bangladesh

Read Before Apply:

If you are ready to take up a challenging and that same a rewarding career, please log on to www.ebl.com.bd/career and apply on or before July 13, 2024.

Candidates will be treated strictly on merit, experience and performance record. Only short-listed candidates will be communicated and any sort of persuasion will result in disqualification. EBL reserves the right to accept or reject any application without assigning any reason whatsoever.

Only short listed candidates will be communicated.

Apply URL::

Apply Procedure:

Company Information:
∎ Eastern Bank Limited
∎ 100 Gulshan Avenue, Dhaka-1212
∎ Eastern Bank Limited is the `Employer of Choice`. We are recognized for combining the wide range of products, fully online and modernized technological solutions and service excellence.
EBL is the first local bank in Bangladesh rated by Moody`s with rating Ba3 at par with Bangladesh.
EBL wins the Asian Banker `Best Retail Bank in Bangladesh` award for five consecutive years and also recognized by the FC as the `Best Partner for Working Capital Systemic Solution`. EBL is also the winner of Asia`s Best Employer Brand Award at World HR Congress in Singapore.

Address::
∎ 100 Gulshan Avenue, Dhaka-1212
∎ Eastern Bank Limited is the `Employer of Choice`. We are recognized for combining the wide range of products, fully online and modernized technological solutions and service excellence.EBL is the first local bank in Bangladesh rated by Moody`s with rating Ba3 at par with Bangladesh.EBL wins the Asian Banker `Best Retail Bank in Bangladesh` award for five consecutive years and also recognized by the FC as the `Best Partner for Working Capital Systemic Solution`. EBL is also the winner of Asia`s Best Employer Brand Award at World HR Congress in Singapore.

Application Deadline: 13 Jul 2024

Category: Bank/Non-Bank Fin. Institution