Special Asset Management - AVP

OCBC Bank (Hong Kong) Limited; Hong Kong; On-site; HKD 600,000 - 800,000; Full time

Benefits offered by this job

Competitive base salary

Holistic, flexible benefits package

Community initiatives

Learning and professional development opportunities

Job summary

OCBC Bank (Hong Kong) Limited is seeking an Assistant Vice President for Special Asset Management. This role involves managing and monitoring the Bank's non-performing loans while ensuring compliance with regulatory requirements and internal policies.

With responsibilities in debt restructuring, legal proceedings, and portfolio monitoring, candidates should possess a related bachelor’s degree and 5 to 10 years of banking experience. Competitive salary and benefits package offered.

Qualifications

• Bachelor's degree or above in related disciplines.
• 5 to 10 years of banking experience in credit risk management.
• Holder of HKIB ECF-CRM qualification.

Responsibilities

• Manage restructuring and remedial actions for classified accounts.
• Oversee litigation processes and collateral repossession.
• Assess provisions and loan classifications.
• Monitor progress of classified accounts and reporting.

Skills

Debt restructuring & remedial actions

Collateral disposal & legal proceedings

Provisioning & loan classification

Portfolio monitoring & reporting

Knowledge of Hong Kong law

Proficiency in MS Office

Education

Bachelor's degree in Risk Management, Finance, Economics, Accounting, Law, or Business Administration

Tools

MS Office (especially Excel)

Job description

Job Overview

The Assistant Vice President (Special Asset Management) is responsible for managing and monitoring the Bank’s portfolio of non‑performing loans (NPLs) and problem assets. The role focuses on maximizing recovery value and minimizing the bank’s loss through debt restructuring, legal proceedings, collateral disposal, and government scheme claims, while ensuring all actions comply with regulatory requirements and the Bank’s internal policies.

Responsibilities

• Debt Restructuring & Remedial Actions – independently manage restructuring and remedial actions for classified accounts, formulate and execute recovery strategies, negotiate with borrowers and creditors, participate in syndicate bank meetings, prepare credit memos for restructuring terms, and monitor repayment progress.
• Collateral Disposal & Legal Proceedings – manage litigation processes, collateral repossession, and disposal for impaired loans, devise and implement account strategies, work with solicitors, valuers, property agents, and handle government scheme claims such as HKMC and SFGS.
• Provisioning & Loan Classification – assess and calculate provisions/special allowances using discounted cash‑flow models, review and revise loan classifications to ensure proper credit grades and adequate provisioning.
• Portfolio Monitoring & Reporting – proactively monitor progress of classified accounts, provide timely updates to Management, compile NPL management information for regular reporting, ensure compliance with internal regulations, legal requirements, Code of Banking Practice and HKMA‑issued guidelines.

Qualifications

• Education: Bachelor’s degree or above in Risk Management, Finance, Economics, Accounting, Law, Business Administration, or related disciplines.
• Professional Qualification: Holder of the HKIB “Enhanced Competency Framework – Credit Risk Management” (ECF‑CRM) qualification.
• Experience: 5 to 10 years of banking experience in credit risk management, commercial or corporate banking, with solid experience in special asset management or credit monitoring/approval, and in credit recoveries and debt restructuring.

Technical Knowledge & Skills

• In‑depth knowledge of Hong Kong law, accounting and banking practices.
• Familiarity with latest HKMA regulatory requirements on loan classification and provisioning.
• Knowledge of Hong Kong litigation procedures, collateral repossession processes.
• Hands‑on experience in provision calculation using discounted cash flow (DCF) models.
• Proficiency in MS Office, especially Excel; experience in MIS analysis and reporting.

Benefits

• Competitive base salary.
• Holistic, flexible benefits package.
• Community initiatives.
• Industry‑leading learning and professional development opportunities.