Manager / Assistant Vice President, Special Asset Management

Responsibilities:

• Independently manage the debt restructuring & remedial actions for classified accounts, including setting & timely execution of recovery strategy, negotiation with client/other creditors, taking legal action, liquidation of collateral, loan sales and participation in bankers meetings.

• Perform independent evaluation of credit applications / write-offs related to classified credits.

• Proactively and closely monitor the progress of all classified accounts with regular reporting to management.

• Independently manage provisions for loan impairment in accordance with the regulators' and internal requirements.

• Provide regular updates on credit risk exposures with the prime objectives of internal and regulatory guidelines compliance.

• Monitor, analyze, review and manage the credit risk with potential high-risk indicators and alert business units with recommended courses of action when appropriate.

• Collaborate with business units to formulate account strategy and to monitor whether remedial action had been taken properly and timely.

• Monitor the trend of problem accounts' expected credit loss and report the change in provision levels.

Requirements:

• Degree holder in Risk Management, Finance, Economics, Accounting or related disciplines, professional qualification of ECF-CRM is preferred

• At least 7 years of solid experience in commercial credit and risk management, special assets and credit monitoring functions in banking industry

• Strong understanding of legal and regulatory requirements and banking practices on credit risk management

• Experience in dealing with regulators and auditors

• Excellent analytical, technical and problem solving skills

• Self-motivated with strong risk control sense

• Effective communication, interpersonal and organization skills

(Candidates with less experience will be considered for the position of Manager)