Head of Special Assets Monitoring

Main responsibilities:

• Lead the team in executing the Group's line management function with respect to non-performing assets with direct reporting line to the Deputy General Manager of the Risk Management Department
• Formulate and review the Group's rules and guidelines in respect of NPA management and provide advice on various policies and rules relating to credit risk management and loan execution
• Review and approve or give no-objection opinion on non-performing assets risk classification, impairment provision, recovery proposals and other relevant matters to the extent of authority granted
• Assist SEA Entities in formulating and perfecting policies and workflows relating to NPA management and recovery, and provide guidance and support to SEA Entities in their handling of non-performing assets pursuant to local legal procedures and regulatory requirements
• Analyze and summarize the Group's NPA statistics and movements, monitor the progress of major NPA accounts and report to the management regularly
• In charge of the management and realization of repossessed assets and other non-cash assets in settlement of debts, including approval and administration of the relevant sale, tender and auction
• Coordinate the management of compliance, operational risk, engagement of external agents relating to non-performing corporate loans recovery at BOCHK level, and prepare or review relevant reports.

Requirements:

• Bachelors or above
• Minimum of 10 years of relevant experience in corporate credit business or non-performing asset clearing, with at least 6 years of management experience
• Familiar with banking practices of credit risk management and regulatory requirements
• Proficiency in both English and Chinese with good communication and presentation skills