Recovery Manager

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Job Description

We are seeking an experienced and dynamic Portfolio Manager to oversee and manage a portfolio of distressed assets and non-performing loans (NPL) across both Commercial Banking and Global Banking. The successful candidate will be responsible for formulating and executing recovery strategies, managing complex workouts, and minimizing impairments/losses for the Bank. This role requires proactive leadership, strong relationship management, and expertise in handling NPLs across diverse jurisdictions.

Job Responsibilities

• Manage a portfolio of distressed assets and non-performing loans (NPL) across Commercial Banking and Global Banking.
• Develop and seek approval for workout and recovery strategies on distressed accounts to maximize value and minimize impairments/losses to the Bank.
• Represent the Bank independently in multi-bank workouts and external meetings with customers, lawyers, financial advisors, liquidators, receivers, private trustees, judicial managers, investors, and other creditors. Maintain effective working relationships with all parties.
• Lead the recovery efforts, including restructuring and rescheduling, enforcement, writ-of-summons, judicial management, bankruptcy/liquidation, and pre-packs/scheme of arrangement within Singapore and other foreign jurisdictions where necessary.
• Conduct post-mortem reviews to assess credit/operational risks and share key lessons learned with internal stakeholders through briefings.
• Proactively assist in identifying early warning signs for corporate accounts and provide risk mitigation advice for higher-risk accounts.
• Support management/audit/regulatory inquiries and reporting related to distressed assets and NPLs.
• Represent the Remedial team on relevant and ad-hoc projects, including portfolio reviews of vulnerable sectors.

Job Skills

• Finance
• Remedial
• Portfolio Management
• Post-mortem Reviews

Job Requirements

• Degree in Banking/Finance, Accountancy, Business, or equivalent.
• 5 to 10 years of banking experience in credit risk/corporate account management.
• At least 5 years of direct experience in managing corporate NPLs, restructuring, and recovery.
• Experience with distressed assets and NPLs in foreign jurisdictions is a plus.
• Proven track record in managing diversified stakeholders such as corporate customers, other lenders, financial advisors, lawyers, liquidators, and judicial managers.
• In-depth knowledge of insolvency laws and practices, as well as a deep understanding of banking products and practices.
• Excellent analytical skills, attention to detail, and strong negotiation/influencing skills.
• Strong interpersonal and communication skills, with a collaborative mindset to work effectively with the Remedial team, Business Units, and other stakeholders.
• Demonstrated ability to work independently with minimal supervision and handle multiple tasks efficiently.
• A results-driven, proactive, and persistent individual with a can-do attitude.
• Agile and flexible in exploring alternatives to resolve problems and meet objectives.

Seniority level

Mid-Senior level

Employment type

Full-time

Job function

Management and Manufacturing

Industries

Banking

Note: Only shortlisted candidates will be contacted.