Divisional Head – Special Assets Management (South) (EVP)

Job Description

"The Nation's Bank", National Bank of Pakistan aims to support the financial well-being of the Nation along with enabling sustainable growth and inclusive development through its wide local and international network of branches. Being one of the leading and largest banks of Pakistan, National Bank of Pakistan is contributing significantly towards socioeconomic growth in the country with an objective to transform the institution into a future-fit, agile and sustainable Bank.

In line with our strategy, the Bank is looking for talented, dedicated and experienced professional(s) for the following position in the area of Special Assets Management based in Karachi.

The individuals who fulfill the below basic-eligibility criteria may apply for the following position:

Position / Job Title: Divisional Head Special Assets Management (South) (EVP)

Reporting to:

Group Head Special Assets Management

Educational /Professional Qualification:

• Minimum Graduation or equivalent from a local or international university / college /institute recognized by the HEC of Pakistan
• Candidates having a Masters degree and / or any other relevant professional qualification will be preferred

Experience:

Minimum 15 years of experience in Banking and / or Financial Institutions, out of which at least 05 years of experience in a senior managerial role in Recovery and / or Risk Management and / or Corporate Banking and / or Commercial Banking

Other Skills / Expertise / Knowledge Required:

• Superior credit risk assessment skills & judgement, including problem recognition, defining and structuring of solutions to complex credit issues and experience in remedial management situations
• Comprehensive knowledge of legal documentation associated with credit / market risk
• Fully conversant in Banks recovery policy and credit policy
• Possess strong leadership skills, a comprehensive understanding of financial and legal matters, excellent communication and negotiations skills, and the ability to make critical decisions under pressure
• Ability to deal with ambiguity on credit / business issues in reaching decisions, develop solutions
• Ability to act decisively in time sensitive situations
• Ability to clearly and proactively communicate in verbal and written form to both internal and external clients

Outline of Main Duties / Responsibilities:

• Strategic Planning: To develop and implement strategic plans for asset recovery, outlining the goals, targets, and methodologies for maximizing the recovery of distressed or defaulted assets
• Team Management: To oversee a team of professionals engaged in asset recovery, providing leadership, guidance, and support to ensure effective and efficient performance
• Risk Assessment: To conduct thorough risk assessments of distressed assets, analyze potential financial, legal, and market risks associated with the recovery process
• Asset Evaluation: To assess the value of distressed assets and formulate strategies to optimize their recovery potential, which may involve collaborating with appraisers ,auditors, and other relevant professionals
• Legal Compliance: To ensure compliance with all legal and regulatory requirements during the asset recovery process, including adherence to relevant laws, policies, and procedures
• Negotiation and Settlement: To negotiate with defaulting parties or stakeholders to reach settlements and agreements that maximize the recovery value of distressed assets
• Stakeholder Management: To interact with internal and external stakeholders, including clients, legal counsel, regulatory authorities, and other relevant parties, to facilitate effective communication and coordination throughout the asset recovery process
• Documentation and Reporting: To maintain accurate documentation of all asset recovery activities, preparing comprehensive reports on the progress and outcomes of asset recovery initiatives, and present them to senior management and relevant stakeholders
• Risk Mitigation Strategies: To develop and implement strategies to mitigate potential risks associated with the recovery process, including financial, legal, and reputational risks
• Performance Monitoring: To establish Key Performance Indicators (KPIs) for tracking the progress of asset recovery initiatives, monitoring the performance of the asset recovery team, and making necessary adjustments to ensure the achievement of set goals
• Continuous Improvement: To identify areas for improvement in the asset recovery process and implement necessary changes to enhance efficiency, effectiveness, and overall performance
• To carry out any other tasks assigned by the Group Head / Chief

Place of Posting:

Karachi

Assessment Interview(s)

Only shortlisted candidates strictly meeting the above-mentioned basic eligibility criteria will be invited for panel interview(s).

Employment Type:

The employment will be on contractual basis for three years which may be renewed on discretion of the Management. Selected candidates will be offered compensation package and other benefits as per Banks Policy / rules.

Apply within 10 working days from the date of this job posting.

Applications received after due date will not be considered in any case. No TA / DA will be admissible for interview.

National Bank of Pakistan is an equal opportunity employer and welcomes applications from all qualified individuals, regardless of gender, religion, or disability.