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Senior Associate,Special Asset Management, Risk Management Group

Senior Associate,Special Asset Management, Risk Management Group

ConfidentialHyderabad / Secunderabad, Telangana
30+ days ago
Job description

Job description

Risk Management Group works closely with our business partners to manage the bank s risk exposure by balancing its objective to maximise returns against an acceptable risk profile. We partner with origination teams to provide financing, investments and hedging opportunities to our customers. To manage risk effectively and run a successful business, we invest significantly in our people and infrastructure

Job Purpose

  • Develop and implement strategies to manage relationships with clients whose accounts are classified as NPLs.
  • Work closely with NPL clients to understand their financial situation, negotiate restructuring or settlement options, and minimize the overall loss to the Bank
  • Coordinate and facilitate audits and inspections for NPL accounts, including those conducted by statutory auditors, internal auditors, and the RBI.
  • Ensure compliance with regulatory requirements and internal policies during audits.
  • Prepare regulatory and internal MIS submissions related to NPL accounts, ensuring accuracy and timeliness of submissions for external and internal stakeholders

Key Accountabilities

  • Client monitoring :   Regularly monitor borrower accounts, track developments, and update relevant stakeholders on the status of each account, ensuring proactive issue resolution and minimization of risk.
  • Legal recovery process :   Initiate and manage legal actions in accordance with recovery laws, including filing cases under applicable laws to recover dues. Coordinate with external law firms to represent Bank in various Courts and Tribunals, ensuring timely and effective legal proceedings.
  • Resolution of NPL cases  : Managing resolution for NPL cases by appraising and evaluating resolution proposals, and ensuring all related documents are thoroughly scrutinized. Seek approval from competent authorities for the resolution, ensuring full compliance with organizational guidelines and regulatory requirements.
  • Internal & External Reporting :   Collaborate with internal teams and the Head Office to prepare and maintain accurate SAM MIS for reporting purposes. Ensure timely, accurate, and comprehensive internal and external reporting
  • Requirements

  • Regulatory and Compliance reporting :   Ensure adherence to internal and regulatory risk management guidelines, maintaining compliance with all relevant laws and policies. Take ownership of all reporting requirements, both internal and external, ensuring timely and accurate submissions.
  • Recovery & Portfolio Monitoring :   Develop and implement tailored recovery plans for accounts within the portfolio, focusing on minimizing loss and maximizing recovery.
  • Timely Reviews with Accuracy :   Ensure that account reviews are completed on schedule, meeting all deadlines and maintaining accuracy and thoroughness.
  • Client Interaction & Follow-up :   Maintain regular communication with clients to request necessary information and clarify issues related to their accounts.
  • Required Experience

  • 6 to 8 years of experience in Banking (preferably Stressed Assets management department) / Assets Reconstruction Company.
  • Education / Preferred Qualifications

  • Professional qualification or post graduate degree, preferably in business, accountancy, finance etc.
  • Core Competencies

  • Strong analytical & evaluation skills
  • Excellent interpersonal & communications skills
  • Problem solving and organisational skills
  • Good knowledge of industries / sectors.
  • Strong presentation skills
  • Technical Competencies

  • Sound knowledge of legal processes and recovery mechanisms applicable to resolving NPL cases.
  • Strong understanding of credit related regulatory guidelines issued by RBI, Monetary Authority of Singapore and local laws and regulations that impact businesses in general.
  • Knowledge of local laws and regulations related to recovery processes and resolutions
  • Skills Required

    Asset Management, Risk Management, Banking

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    Risk Management • Hyderabad / Secunderabad, Telangana

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