Head of Special Asset Management (VP-EVP)

NRB Bank Ltd.

NRB Bank Ltd.

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Summary

• Vacancy: —
• Age: at most 50 years
• Location: Dhaka
• Salary: Negotiable
• Experience: At least 15 years
• Published: 17 Mar 2025

Requirements

Education

• Bachelor’s degree (Master’s preferred) in Business Management, Finance, Economics, or Law from a recognized institution

Experience

• At least 15 years

Additional 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

Responsibilities & Context

• 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

Workplace

Work at office

Employment Status

Full Time

Job Location

Dhaka

Job Highlights

NRB Bank PLC is one of the emerging commercial banks in the country aspiring to be a progressive, market driven, compliant & technology driven bank in Bangladesh.

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