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

Prime Responsibilities
•  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 requirements.
•  Maintaining inter departmental and external communications related to the departmental activities and recovery.
•  Keeping liaison with in-house lawyers and external retainers for early disposal of priority case to boost up recovery.
•  Addressing critical issues of the clients time to time and escalate to the department.
•  Managing and monitoring the recovery team well and keep them driving towards recovery activities.

Qualification & Other Competencies
•  Minimum graduation with relevant background.
•  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.

Compensation & Benefit
•  EBL will offer excellent career opportunities with competitive salary and benefit package.

Only short listed candidates will be communicated.