Primary Location: Hong Kong SAR of PRC,Hong Kong,Hong Kong
Education: Bachelor's Degree
Job Function: Risk Management
Shift: Day Job
Employee Status: Regular
Travel Time: Yes, 10 % of the Time
Job ID: 18070123
Work closely with Head of Remedial Management Unit, Independent Risk and Business teams of Commercial Banking ("CCB") Hong Kong in managing the classified accounts.
Proactively manage the assigned accounts. Formulate and implement appropriate account strategies and actions to maximize recovery and minimize credit loss.
Conduct credit calls of assigned accounts in Hong Kong or in cross-border / overseas locations as required.
Interact with internal and external customers, legal, finance and external counterparties as necessary. Directing the external legal and insolvency/restructuring professionals' involvement in the workout or legal actions, and managing fee expenses.
Evaluate collateral and documentation to identify any documentation exceptions / deficiencies, and to determine appropriate remedial / recovery strategy.
Assess and recommend cost of credit actions. Responsible for Cost of Credit analysis (actual / plan / forecast) of assigned accounts.
Conduct Special Mention Assessments.
Conduct Management Control Assessments and support the implementation of Remedial Management Commercial Risk Standards in CCB Hong Kong.
Prepare regular and ad-hoc management information requirements for assigned accounts as required.
Work with members of Remedial Management Unit, Independent Risk and Business teams of CCB Hong Kong as required on special projects and initiatives.
Deputize Head of Remedial Management Unit Hong Kong in his/her absence.
Possess a sound understanding of remedial and credit risk management; recognizes issues and is able to establish and process risk mitigation plans from inception to implementation
Possess technical expertise in Commercial Banking lending and trade product
Subject Matter Expert in the areas of problem loan recognition and recovery management
Proficient in negotiating restructures with customers, bank group lenders, and internal product/ customer partners including Legal, Enterprise Risk Management,
Compliance and Control, Finance partners
Solid knowledge in legal proceedings and enforcement actions
Strong communication and negotiation skills with customers, internal and external partners
Experienced in applicable regulations, guidelines, and practices
Proficient in the adverse classification process and documenting an appropriate action plan for identified troubled, stressed, or distressed loans Experience in leading multi-bank workout is an advantage
Understand and able to articulate alternative transactions (pros/cons); identifies the related market, credit, operational, and legal/regulatory risks associated with the specific transaction / borrower / portfolio / market
Strong account strategy formulating and implementation skills
Excellent analytical and credit skills
Excellent communication and negotiation skills, with ability to synthesize and present argument in a logical and rational manner
Ability to work well under pressure in an ever-changing environment
Fluent in written and spoken English and Chinese (Cantonese / Mandarin)
Bachelor's degree with 7+ years of Banking experience, with tenure in risk and / or remedial capacities
Minimum of a Bachelor degree in Accounting, Finance, Economics, or Business (MBA preferred)
Internal Number: 4827611
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