Job Description
Title: Head of Legal & Recovery (VP-SVP)
Company Name: NRB Bank Ltd.
Vacancy: --
Age: at most 50 years
Location: Dhaka
Salary: Negotiable
Experience:
∎ At least 15 years
∎ The applicants should have experience in the following business area(s):Banks
Published: 8 Feb 2024
Education:
∎ Masters
∎ MBA/Master’s/Graduation degree in any discipline preferably in Law from any recognized university
Requirements:
Additional Requirements:
∎ Age at most 50 years
∎ Minimum 15 years of working experience in commercial banks, including 3 years as Head of Legal & Recovery
∎ Knowledge in Artha Rin Adalat Ayn, 2003 (as amended up to date), Negotiable Instruments Act, 1881, Bank Company Act and other relevant Laws and Ordinances
∎ Having in depth knowledge on Banking Regulatory framework and guidelines on Special Asset Management
∎ High success records in assessment of special/ classified asset of financial institution, preferably private Bank.
∎ Knowledge and practice with MS office, i.e., Word, Excel, Outlook, PowerPoint etc.
∎ Excellent communication skills with good command of written and spoken English
∎ Age at most 50 years (Age relaxation may be given to deserving candidates).
∎ Minimum 15 years of working experience in commercial banks, including 3 years as Head of Legal & Recovery
∎ Knowledge in Artha Rin Adalat Ayn, 2003 (as amended up to date), Negotiable Instruments Act, 1881, Bank Company Act and other relevant Laws and Ordinances
∎ Having in depth knowledge on Banking Regulatory framework and guidelines on Special Asset Management
∎ High success records in assessment of special/ classified asset of financial institution, preferably private Bank.
∎ Knowledge and practice with MS office, i.e., Word, Excel, Outlook, PowerPoint etc.
∎ Excellent communication skills with good command of written and spoken English
∎ Age at most 50 years (Age relaxation may be given to deserving candidates).
Responsibilities & Context:
∎ 01. Legal Advice: Providing legal advice and services through anticipating and evaluating potential legal problems and providing competent advice and guidance. Recommend accurate legal advice/opinion to the Management and Staff to ensure that decision making is legally correct and that the Bank’s interests are protected.
∎ 02. Review documentation: Prepare documentation and other legal contracts for ensuring that the Bank’s legal rights are adequately protected, in all activities undertaken by the Bank.
∎ 03. Prepare legal documents: Prepare legal documents such as briefs, pleadings, appeals, contracts, initial and amended articles of incorporations and so forth.
∎ 04. Strategic Planning: Formulate legal strategies for the legal cases filed by/against the bank to ensure that the Bank’s interest is effectively safeguarded, and legal obligations are carried out effectively. Prepare and place account-wise recovery action plan of classified accounts on quarterly basis before the Management so that strategic decision can be made to expedite recovery.
∎ 05. Client Relationship Management: To follow-up the classified customers (SS, DF & BL) to maximize recovery from these accounts in coordination with the business unit to avoid the capital losses.
∎ 06. Visit Plan: To visit branches/business hub to determine the prospect of recovery as and when required.
∎ 07. Team Leadership: To continue recovery drive from the Written-off loans to keep better asset quality of the Bank.
∎ 08. Financial Performance: To attend Board meeting, EC meeting, SMT meeting, Credit Committee meeting, Task force meeting, NPL Management Committee (proposed) meeting, Post Rescheduling Monitoring Committee (proposed) meeting and other meeting as and when required.
∎ 09. Regulatory Compliance: To maintain correspondence with Bangladesh Bank and other regulatory authorities & to ensure of preparing/marking Classification and calculating/maintaining Provision as per Bangladesh Bank guidelines
∎ 10. Day to day activities: To place Office Note, EC Memo and Board Memo of Rescheduling/ Regularization/Settlement to the concerned authority for approval/decision.
∎ 11. Follow-up/review/monitor: To follow-up/review/monitor the NPL accounts periodically and update/modify the action plan of the accounts as and when required
Workplace:
∎ Work at office
Employment Status: Full Time
Job Location: Dhaka
Company Information:
∎ NRB Bank Ltd.
∎ Corporate Head Office,
Uday Sanz,
Block: SE (A), Plot: 2/B, Road: 134, South Avenue,
Gulshan – 1, Dhaka-1212.
Address::
∎ Corporate Head Office,
Uday Sanz,
Block: SE (A), Plot: 2/B, Road: 134, South Avenue,
Gulshan – 1, Dhaka-1212.
Read Before Apply: Please apply only who are fulfilling all the requirements of this job
Application Deadline: 25 Feb 2024
Category: Bank/Non-Bank Fin. Institution
