Special Asset Management - AVP

OCBC; Hong Kong; On-site; HKD 600,000 - 800,000; Full time

Benefits offered by this job

Competitive base salary

Flexible benefits

Professional development opportunities

Job summary

OCBC in Hong Kong is looking for an Assistant Vice President in Special Asset Management to oversee the bank’s non-performing loans (NPLs). This role involves managing debt restructuring, formulating recovery strategies, and ensuring compliance with regulatory requirements.

The ideal candidate should possess a bachelor’s degree and have 5 to 10 years of experience in banking, particularly in credit risk management and asset recovery. Comprehensive benefits and competitive salary are offered alongside opportunities for professional development.

Qualifications

• 5 to 10 years of relevant banking experience in special asset management.
• In-depth knowledge of Hong Kong credit recovery law and practices.
• Hands-on experience in provision calculation.

Responsibilities

• Manage non-performing loans through debt restructuring.
• Formulate recovery strategies and negotiate with creditors.
• Monitor repayment progress post-restructuring.
• Compile NPL management information for reporting.

Skills

Debt restructuring

Credit risk management

Legal knowledge

MS Office proficiency

Education

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

HKIB ECF-CRM qualification

Tools

Discounted cash flow models

Job description

Who We Are

As Singapore’s longest established bank, we have been dedicated to enabling individuals and businesses to achieve their aspirations since 1932. How? By taking the time to truly understand people. From there, we provide support, services, solutions, and career paths that meet their individual needs and desires.

Today, we’re on a journey of transformation. Leveraging technology and creativity to become a future‑ready learning organisation. But for all that change, our strategic ambition is consistently clear and bold, which is to be Asia’s leading financial services partner for a sustainable future. We invite you to build the bank of the future. Innovate the way we deliver financial services. Work in friendly, supportive teams. Build lasting value in your community. Help people grow their assets, business, and investments. Take your learning as far as you can. Or simply enjoy a vibrant, future‑ready career. Your Opportunity Starts Here.

Purpose of the role

The Assistant Vice President (Special Asset Management) is primarily 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 shall comply with regulatory requirements and the Bank’s internal policies.

What You Will Be Doing

• Debt Restructuring & Remedial Actions – Independently manage the restructuring and remedial actions for classified accounts.
• Formulate and execute recovery strategies in a timely manner, including negotiations with borrowers and other creditors, and participation in syndicate bank meetings and bankers' meetings.
• Assist in preparing credit memos for restructuring terms in seeking the management approval.
• Monitor repayment progress post‑restructuring to ensure borrowers adhere to repayment schedules.
• Collateral Disposal & Legal Proceedings – Manage litigation processes, collateral repossession, and disposal for impaired loans.
• Devise and implement the account strategies, including the litigations / collateral disposal strategies to maximize recovery amounts.
• Work closely with internal stakeholders and external professionals, e.g. Solicitors, valuers, and property agents to facilitate recovery actions.
• May also need to handle claims under government schemes such as the Hong Kong Mortgage Corporation (HKMC) and the SME Financing Guarantee Scheme (SFGS).
• Provisioning & Loan Classification – Assess and calculate specific provisions / special allowances by using the Bank's discounted cashflow models and check assumptions for case‑by‑case scenario.
• Regularly review and revise loan classifications to ensure proper credit grades and adequate provisioning.
• Portfolio Monitoring & Reporting – Proactively and closely monitor the progress of all classified accounts and provide timely and regular updates to Management.
• Compile NPL management information for regular tracking of the account developments in reporting to Management.
• Ensure all actions are in compliance with internal regulations, legal requirements, the Code of Banking Practice, and HKMA‑issued guidelines.

Who Are We Looking For

Education & Professional Qualifications

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

Technical Knowledge & Skills

• In‑depth knowledge of Hong Kong law (particularly in relation to credit recovery), accounting, and banking practices.
• Familiarity with the latest HKMA regulatory requirements on loan classification and provisioning.
• Solid knowledge of Hong Kong litigation procedures, especially collateral repossession processes.
• Hands‑on experience in provision calculation using discounted cash flow (DCF) models and other methodologies.
• Proficient in MS Office applications; knowledge of Excel is an advantage.
• Experience in MIS analysis and reporting is preferred.

What We Offer

Competitive base salary. A suite of holistic, flexible benefits to suit every lifestyle. Community initiatives. Industry‑leading learning and professional development opportunities. Your wellbeing, growth and aspirations are every bit as cared for as the needs of our customers.