Al-Arafah Islami Bank PLC
Al-Arafah Islami Bank PLC
Al-Arafah Islami Bank PLC
Follow
Summary
- Vacancy: 1
- Age: at least 40 years
- Location: Dhaka
- Minimum Salary: Negotiable
- Experience: At least 10 years
- Published: 5 Nov 2024
Requirements
Education
-
Post-Graduation in Commerce / MBA /BBA from any UGC approved local or reputable foreign universities. However, someone having relevant experience, even from other disciplines, may also apply;
-
A candidate holding head of special asset management role with legal knowledge/experience will be given preference;
Experience
- At least 10 years
- The applicants should have experience in the following business area(s):
Banks
Additional Requirements
- Age at least 40 years
-
Minimum 10/12 years of experience in Special Asset Management / Credit Risk Management / Corporate recovery at a senior executive position;
-
Having in-depth knowledge of banking operations, Finance, Control and Risk Management and Asset liability management;
-
Having in-depth knowledge on banking regulatory framework and guidelines on Asset Liability Management;
-
High success records in management of classified assets of financial institutions, preferably private bank;
-
Having excellent analytical skills as well as sound IT knowledge and skills;
-
Able to work under pressure and have positive mind-set.
Knowledge: Risk Management and Special Asset management Guidelines for banks; Risk parameters & mitigation; Classification of loans, Loan Restructuring & Rescheduling; Guide lines on Writing Off loans, Recovery and Legal processes; Islamic Risk and compliance management; Islamic Regulatory Framework of the country.
Interpersonal Skills: Excellent Communication and negotiation skills; Strong leadership with self-motivated drive; Planning and organizing; Adapting and responding to change
Responsibilities & Context
In order to maintain a balance between risk and reward over the cycle of Bank’s products and portfolios for assisting in business growth and profitability AIBLPLC looking for qualified resources to join our Asset Management Division (AMD) as the Head of the division in the designation of VP/SVP.
Key Responsibilities:
-
Specialize in managing distressed loans and advances, focusing on maximizing recovery with adherence to regulatory standards. Lead Bad loan restructuring, asset disposition, risk mitigation, client communication, negotiation and financial analysis;
-
Monitor the recovery and regularization of the Classified Loans/NPL portfolio in alignment with banking laws, policies, and procedures;
-
Supervise and act for recovery on overall special asset management ensuring positive outcomes for the bank;
-
Establish and implement effective policies for managing classified assets of the bank;
-
Direct and coordinate with internal and external legal counsel to manage classified accounts, implementing legal strategies promptly and maintaining regular communication with relevant legal teams;
-
Develop and mentor staff with necessary qualifications and skills for managing classified assets;
-
Provide support, advice, and guidance to branches in recovering classified loans;
-
Maintain liaison with clients, legal counsels, consultants, recovery agents and regulatory bodies to ensure efficient special asset management;
-
Oversee the utilization of the special asset management budget, maintaining the quality of risk assets through periodic review;
-
Implement Bangladesh Bank’s policies, guidelines, and circulars on Special Asset Management;
-
Ensure compliance with internal policies, procedures, and Bangladesh Bank regulatory requirements;
-
Coordinate with branches, related divisions and To Team of the bank as and when needed.
Workplace
Work at office
Employment Status
Full Time
Job Location
Dhaka