Job Summary
Published On : Mar 22, 2025
No. of Vacancies : Not Specific
Job Type :
Full Time
Job Level :
Experience : At least 15 years
Age : at most 50 years
Location : Dhaka
Salary Range:
Negotiable
Application Deadline : Apr 10, 2025
Head of Special Asset Management (VP-EVP)
NRB Bank Ltd.
No. of Vacancies
Not Specific
Job Description / Responsibility
- Develop and implement effective recovery strategies to optimize revenue recovery.
- Evaluate creditworthiness, monitor credit realization, and oversee recovery operations.
- Conduct physical verifications of customer establishments, references and mortgage documentation.
- Formulate and maintain strategies for credit operations and recovery.
- Scrutinize credit approval forms and coordinate with relevant departments to enhance bad debt recovery.
- Ensure compliance with all legal procedures related to credit recovery.
- Regularly monitor and engage with high-value credit customers.
- Negotiate settlements with inactive defaulters and liaise with local authorities.
- Collaborate with legal teams and law enforcement agencies to execute court orders.
- Prepare analytical reports, including Aging Reports, Credit Utilization Reports, and other management-required reports.
- Provide strategic advice on debt collection services while ensuring adherence to company policies.
- Formulate legal strategies to protect the bank’s interests in legal cases.
- Develop and implement account-wise recovery action plans for classified accounts on a quarterly basis.
- Ensure proactive follow-up with classified customers (SS, DF & BL) to maximize recovery and mitigate capital losses.
- Conduct branch and business hub visits to assess recovery prospects.
- Drive recovery efforts from written-off loans to enhance asset quality.
- Represent the bank in high-level meetings, including Board Meetings, EC Meetings, SMT Meetings, Credit Committee Meetings, and Task Force Meetings.
- Maintain communication with Bangladesh Bank and other regulatory authorities regarding NPL classification and provision calculations.
- Review, monitor, and update action plans for NPL accounts as needed
Educational Requirements
- Bachelor’s degree (Master’s preferred) in Business Management, Finance, Economics, or Law from a recognized institution
Experience Requirements
Additional Job Requirements
- Age at most 50 years
- In-depth knowledge of banking laws, including :·
- Artha Rin Adalat Ain, 2003 (as amended)
- Negotiable Instruments Act, 1881
- Bank Company Act and other relevant laws and ordinances
- Expertise in banking regulatory frameworks and guidelines on Special Asset Management.
- Strong track record in the assessment and management of classified assets in financial institutions.
- Excellent command of written and spoken English.
- Minimum 15 years of experience in banking or NBFI, with at least 10 years in Special Asset Management.
- At least 5 years in a supervisory role, preferably in debt recovery or asset management
Location
Dhaka
Salary Range
Negotiable
Job Source
Bdjobs.com.bd Online Job Posting
Application Deadline : Apr 10, 2025
Company Information
Company Name:
NRB Bank Ltd.
Address: Corporate Head Office, Uday Sanz, Block: SE (A), Plot: 2/B, Road: 134, South Avenue, Gulshan – 1, Dhaka-1212.
