Manager - Wholesale Credit Division (Recovery Management)

Reposted 23 Days Ago
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Tower, MI, USA
In-Office
Mid level
Fintech • Payments • Financial Services
The Role
The Manager of Wholesale Credit Division focuses on recovery management by formulating strategies, overseeing account recovery, negotiating corrective plans, and ensuring compliance with regulations.
Summary Generated by Built In

If you are looking to excel and make a difference, take a closer look at us…

Functional (job responsibilities)
  • Formulate and implement dynamic and robust strategies, resolution to expedite recovery.
  • Oversea the expeditious recovery on defaulted accounts where prospect of workout is minimal.
  • Expedite litigation on accounts where there is low prospects of rehabilitation.
  • Negotiate with customers and establish formal corrective actions plans with approved milestones and target dates, and to undertake on-going monitoring to rehabilitate accounts where the prospects of workout / restructuring is high.
  • Work closely with other departments of the Bank and direct external agents such as receivers and managers, liquidators, monitoring accountants, solicitors, valuers, auctioneers, other lenders and consultants to expedite the resolution of accounts under purview.
  • Monitor all CGC/ SJPP guarantee accounts to ensure timely notification of NPL classification, submission of CGC claims, and all matters pertaining to the related accounts.
  • Ensure charged assets are adequately protected / insured and proper legal advice is taken in the recovery process, with a view to safeguard the Bank from potential loss.
  • Regularly review and ensure adequacy of impaired financing provisioning and in compliance with internal and external guidelines.
  • Ensure strategies fully comply with regulatory requirements.
  • Prepare approval papers that include position papers and proposals by customers (including analysis and review of debt restructuring schemes and repayment proposals) to be tabled to the relevant Committees.
  • Preparation of letter of offer and relevant correspondences.
  • Update and checking of monthly/quarterly reports required for submission.

ducation/Qualification

  • Minimum Bachelor Degree in Business Administration, Banking, Economics, Finance, Accounting

About Hong Leong Bank

We are a leading financial institution in Malaysia backed by a century of entrepreneurial heritage. Providing comprehensive financial services guided by a Digital-at-the-Core ethos has earned us industry recognition and accolades for our innovative approach in making banking simpler and more effortless for our customers. Our digital and physical offerings span across a vast nationwide network in Malaysia, strengthened with an expanding regional presence in Singapore, Hong Kong, Vietnam, Cambodia, and China.

We seek to strike a balance between diversity, inclusion and merit to achieve our mission of infusing diversity in thinking and skillsets into our organisation. Candidates are assessed based on merit and potential, in line with our mission to attract and recruit the best talent available. Expanding on our “Digital at the Core” ethos, we are progressively digitising the employee journey and experience to provide a strong foundation for our people to drive life-long learning, achieve their career aspirations and grow talent from within our organisation.

Realise your full potential at Hong Leong Bank by applying now.

Skills Required

  • Minimum Bachelor Degree in Business Administration, Banking, Economics, Finance, Accounting
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The Company
Kuala Lumpur, Wilayah Persekutuan
6,612 Employees
Year Founded: 1905

What We Do

Hong Leong Bank Berhad is one of the leading financial services organisations in Malaysia. With a heritage of more than 100 years, it provides comprehensive financial services covering consumer banking, business banking and trade finance, treasury, branch and transaction banking, wealth management, private banking and Islamic financial services. Its merger with EON Bank Group in 2011 has further embedded its position as a core banking franchise with an expanded distribution network of more than 300 branches across the country. With a proven track record in value creation and a highly recognised brand, Hong Leong Bank has also been extending its footprint in the region, with branches in Singapore and Hong Kong and wholly owned subsidiaries in Vietnam and Cambodia. In China, the Bank has a 20% shareholding in Bank of Chengdu Co., Ltd., Sichuan and a consumer finance joint venture. Hong Leong Bank is a subsidiary of Hong Leong Financial Group Berhad, the financial services arm of the Hong Leong Group. Apart from banking, Hong Leong Financial Group is involved in the provision of insurance and takaful, as well as investment banking, unit trust, fund management and stock broking services

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