Singapore Job Openings

Maybank

Senior Vice President / Team Lead - Remedial Management

Singapore

FULL TIME

September 5, 2024

JOB DETAILS

Job Type

Permanent

Position Level

Senior Manager

Qualification

Degree

Discipline

Finance

Specialization

Finance

Sector

Group Finance

Experience

3 - 5 years

Salary

Undisclosed

JOB DESCRIPTION

Senior Vice President / Team Lead - Remedial Management: Reporting directly to the Head of Corporate Remedial, you will lead a team of experienced restructuring and recovery professionals, along with support staff.

JOB RESPONSIBILITIES

Responsibilities:- Oversee the management of a portfolio consisting of distressed assets and non-performing loans (NPL) across both Commercial Banking and Global Banking sectors.- Drive and mentor your team to “best in class” workout and recovery strategies for distressed accounts, aiming to maximize value and minimize losses or impairments for the Bank.- Represent the Bank in multi-bank workouts and external meetings with clients, legal professionals, financial advisors, liquidators, receivers, private trustees, judicial managers, and other creditors. Maintain effective working relationships with these parties.- Proactively lead recovery efforts and legal actions on NPLs, including restructuring, rescheduling, enforcement actions, writ-of-summons, judicial management, bankruptcy/liquidation, and pre-packs/schemes of arrangement, both within Singapore and internationally as needed.- Conduct post-mortem reviews to identify credit and other risks, and provide live briefings to share insights and lessons learned with internal stakeholders.- Identify early warning signs for corporate accounts and advise on risk mitigation strategies for higher-risk accounts.- Lead in relevant management, audit, and regulatory inquiries and reporting.- Represent the Remedial team on relevant or ad-hoc projects.

JOB SKILLS

1)Mitigation-Strategies

2)Enterprise-Account-Management

3)Restructuring

4)Negotiation

5)NPL

6)Banking

7)Account-Management

8)Corporate-Accounting

JOB REQUIREMENTS

Requirements:- Degree in Banking/Finance, Accountancy, Business, or a related field.- At least 15 years of banking experience in credit or corporate account management, with a minimum of 10 years specifically in managing corporate NPL restructuring and recovery. Experience with foreign or regional jurisdictions is preferred.- Proven experience as a team leader with a strong track record in managing teams, driving results (P&L responsibility), and prioritizing team development.- Demonstrated ability to manage a diverse range of external stakeholders, including corporate clients, other lenders, financial advisors, lawyers, liquidators, judicial managers, auditors, and regulators.- In-depth knowledge of insolvency laws and practices, as well as a thorough understanding of banking products and practices.- Excellent negotiation, influencing, and communication skills. Must be a strong team player capable of engaging effectively with senior internal stakeholders, including Heads of Business Units.- A proactive individual with a persistent "can-do" attitude and an agile, flexible mind set for problem-solving.Note: Only shortlisted candidates will be contacted.

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