Special Asset Management - AVP

Purpose of the role
The Assistant Vice President (Special Asset Management) is primarily responsible for managing and monitoring the Bank’s portfolio of non‑performing loans (NPLs) and problem assets. 

The role focuses on maximizing recovery value and minimizing the bank’s loss through debt restructuring, legal proceedings, collateral disposal, and government scheme claims, while ensuring all actions shall comply with regulatory requirements and the Bank’s internal policies.

What you will be doing:

1. Debt Restructuring & Remedial Actions

• Independently manage the restructuring and remedial actions for classified accounts.

• Formulate and execute recovery strategies in a timely manner, including negotiations with borrowers and other creditors, and participation in syndicate bank meetings and bankers' meetings.

• Assist in preparing credit memos for restructuring terms in seeking the management approval.

• Monitor repayment progress post‑restructuring to ensure borrowers adhere to repayment schedules.

2. Collateral Disposal & Legal Proceedings

• Manage litigation processes, collateral repossession, and disposal for impaired loans.

• Devise and implement the account strategies, including the litigations / collateral disposal strategies to maximize recovery amounts.

• Work closely with internal stakeholders and external professionals, e.g.. Solicitors, valuers, and property agents to facilitate recovery actions.

• May also need to handle claims under government schemes such as the Hong Kong Mortgage Corporation (HKMC) and the SME Financing Guarantee Scheme (SFGS).

3. Provisioning & Loan Classification

• Assess and calculate specific provisions / special allowances by using the Bank's discounted cashflow models and check assumptions for case-by-case scenario.

• Regularly review and revise loan classifications to ensure proper credit grades and adequate provisioning.

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4. Portfolio Monitoring & Reporting

• Proactively and closely monitor the progress of all classified accounts and provide timely and regular updates to the Management.

• Compile NPL management information for regular tracking of the account developments in reporting to the Management.

• Ensure all actions are in compliance with internal regulations, legal requirements, the Code of Banking Practice, and HKMA‑issued guidelines.

Who are we looking for:

Education & Professional Qualifications

• Bachelor’s degree or above in Risk Management, Finance, Economics, Accounting, Law, Business Administration, or related disciplines.

• Holder of the HKIB “Enhanced Competency Framework – Credit Risk Management” (ECF‑CRM) qualification.

• 5 to 10 years of relevant banking experience, including credit risk management, commercial banking, or corporate banking, particularly with solid experience in special asset management, or credit monitoring /credit approval.

• Solid experience in credit recoveries and debt restructuring.

Technical Knowledge & Skills

• In‑depth knowledge of Hong Kong law (particularly in relation to credit recovery), accounting, and banking practices.

• Familiarity with the latest HKMA regulatory requirements on loan classification and provisioning.

• Solid knowledge of Hong Kong litigation procedures, especially collateral repossession processes.

• Hands‑on experience in provision calculation using discounted cash flow (DCF) models and other methodologies.

• Proficient in MS Office applications; knowledge of Excel is an advantage.

• Experience in MIS analysis and reporting is preferred.