Head of Loan Recovery Division [AVP - SVP]
Job Description
Title: Head of Loan Recovery Division [AVP - SVP]
Company Name: Modhumoti Bank PLC
Vacancy: 1
Location: Dhaka
Salary: Negotiable
Experience:
∎ At least 10 years
∎ The applicants should have experience in the following business area(s):Banks
Published: 17 Mar 2025
Education:
∎ Bachelor/Honors
Requirements:
Additional Requirements:
∎ Excellent negotiation & problem-solving abilities
∎ Excellent time management & perseverance
∎ Excellent interpersonal and Leadership skills
∎ Strong ethics and reliability
∎ Strict adherence to AML / Compliance, and Central Bank Guidelines in line with the banks policy.
∎ Excellent negotiation & problem-solving abilities
∎ Excellent time management & perseverance
∎ Excellent interpersonal and Leadership skills
∎ Strong ethics and reliability
∎ Strict adherence to AML / Compliance, and Central Bank Guidelines in line with the banks policy.
Responsibilities & Context:
∎ Develop and execute loan recovery strategies to minimize Non-Performing Loans (NPLs) of the Bank and optimize recovery outcomes.
∎ Supervise the following departments under Loan Recovery Division - Regulatory Strategy and NPL Settlement department, NPL Monitoring, reporting & Compliance and Debt Collection Unit.
∎ Regularly monitor and manage Non-Performing Assets (NPAs), categorizing them based on risk levels and taking necessary actions to reduce delinquency.
∎ Ensure compliance with Bangladesh Bank regulations, legal requirements, and internal policies related to loan recovery and write-offs.
∎ Supervise recovery processes, guiding recovery officers and collection teams to ensure timely follow-ups and effective collection techniques.
∎ Collaborate with legal teams to initiate and oversee legal proceedings, including lawsuits, auctions or other legal actions against defaulters.
∎ Analyze recovery performance, monitor trends and provide senior management with data-driven reports and recommendations for improvement.
∎ Oversee the valuation, maintenance and disposal of collateral assets taken against defaulted loans.
∎ Develop and implement early warning systems to identify potential defaulters in advance and take preventive actions.
∎ Lead, train, and motivate recovery teams to improve their skills, performance and overall success in loan recovery.
∎ Develop and execute loan recovery strategies to minimize Non-Performing Loans (NPLs) of the Bank and optimize recovery outcomes.
∎ Supervise the following departments under Loan Recovery Division - Regulatory Strategy and NPL Settlement department, NPL Monitoring, reporting & Compliance and Debt Collection Unit.
∎ Regularly monitor and manage Non-Performing Assets (NPAs), categorizing them based on risk levels and taking necessary actions to reduce delinquency.
∎ Ensure compliance with Bangladesh Bank regulations, legal requirements, and internal policies related to loan recovery and write-offs.
∎ Supervise recovery processes, guiding recovery officers and collection teams to ensure timely follow-ups and effective collection techniques.
∎ Collaborate with legal teams to initiate and oversee legal proceedings, including lawsuits, auctions or other legal actions against defaulters.
∎ Analyze recovery performance, monitor trends and provide senior management with data-driven reports and recommendations for improvement.
∎ Oversee the valuation, maintenance and disposal of collateral assets taken against defaulted loans.
∎ Develop and implement early warning systems to identify potential defaulters in advance and take preventive actions.
∎ Lead, train, and motivate recovery teams to improve their skills, performance and overall success in loan recovery.
Compensation & Other Benefits:
∎ As per Bank’s Policy
Workplace:
∎ Work at office
Employment Status: Full Time
Job Location: Dhaka
Apply URL::
Apply Procedure:
Company Information:
∎ Modhumoti Bank PLC
∎ Modhumoti Bank, Head Office, Khandaker Tower (7-8 Floor), 94 Gulshan Avenue, Gulshan-1, Dhaka-1212
∎ Our vision is to lead the new generation of local commercial banks by excelling in customer delivery through insight empowered employees, smart use of technology and a full range of highest quality products and services.
Address::
∎ Modhumoti Bank, Head Office, Khandaker Tower (7-8 Floor), 94 Gulshan Avenue, Gulshan-1, Dhaka-1212
∎ Our vision is to lead the new generation of local commercial banks by excelling in customer delivery through insight empowered employees, smart use of technology and a full range of highest quality products and services.
Read Before Apply: Please apply only who are fulfilling all the requirements of this job
Application Deadline: 16 Apr 2025
Category: Bank/Non-Bank Fin. Institution
