Assistant Vice President, Business Banking Recovery

Alliance Bank Malaysia Berhad

AI-generated summary

Manage impaired loans: collect, negotiate restructures and ensure FRS139 compliance.
Drive Group impaired-loan recoveries and liaise with BNM and solicitors.
Lead Recovery Officers, approve with delegated authority and own high-impact recoveries!

Undisclosed

Kuala Lumpur, MY, 50450, Kuala Lumpur

Full-Time

Job Description

Purpose:

To manage designated Impaired Loans (IL) of the Group
To maximize recoveries from the IL which is also to reduce the impaired loan outstanding and ratio
To manage the Individual Recovery Officers Performance
IL
- To manage collections by following up on IL diligently.
- To negotiate settlement with borrower/customer with a view to restructure/reschedule the impaired account and/or work out a settlement plan
- To recommend repayment proposals to the approving authorities for approval.
- To undertake post mortems and highlight credit deficiencies and recommendation on way forward to address the issues.
- To check and ensure accurate monthly submission of individual assessments under FRS 139.
- To ensure timely CGC/SJPP claim submissions.
- To approve with delegated approval authority and to support recommendations by Recovery Officers on repayment proposal for higher authority approval.
- To maintain good relationship with internal and external parties such as BNM, solicitors, valuers, auctioneers and Receivers/Managers and Liquidators.
Legal Action
- To liaise with and instruct external solicitors on legal action to be taken for the recovery of monies where direct negotiations have not be successful.
Monitoring & Compliance
- To ensure timely and accurate updating of progress reports to ensure all actions are current.
- To ensure compliance with BNM guidelines, FSA and other related regulations.

Job Requirements

Company Benefits

Career Development and Growth:

Comprehensive training and development programs.

Competitive Compensation and Benefits

Performance-based bonuses and incentives. Health and medical insurance coverage for employees and their dependents.

Inclusive and Diverse Workplace

Commitment to diversity and inclusion.

Additional Info

Company Activity

Last active - 1 hour ago

Experience Level

0 - 10 Years of Experience

Job Specialisation

Corporate Finance / Investment

Financial Services & Banking

Key Account / Relationship Management

Company Profile

Alliance Bank Malaysia Berhad

We believe that banking should be more than just a transactional experience. Beyond just a bank, we strive to be a true partner that supports our customers through every stage of their financial journey. We offer a wide range of solutions for any of life’s events, and aspire to be the bank for the entire lifetime of our customers. We want our customers to recognise that we are committed to providing personalised,...