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Manager, Specialized Collections
Standard Chartered Bank
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Manager, Specialized Collections

Standard Chartered Bank

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Details
Posted:
January 12, 2021
Location:
Salary:
Open
Type:
Full Time
About Standard Chartered
We are a leading international bank focused on helping people and companies prosper across Asia, Africa and the Middle East.

To us, good performance is about much more than turning a profit. It's about showing how you embody our valued behaviours - do the right thing, better together and never settle - as well as our brand promise, Here for good.

We're committed to promoting equality in the workplace and creating an inclusive and flexible culture - one where everyone can realise their full potential and make a positive contribution to our organisation. This in turn helps us to provide better support to our broad client base.


Job Purpose


To add value to the strategic direction, planning and performance of the Retail Banking Risk department and to ensure that the Collections department is managed efficiently and effectively, to enable it to meet business objectives.

The Role Responsibilities & Our Ideal Candidate

Strategy and Policy
  • To ensure effective portfolio monitoring mechanisms are in place, including early warning mechanisms and contingency plans.
  • Develop and execute new initiatives to achieve collections and recovery target setting, LI budgeting and forecasting.
  • To support the reduction of credit operation costs through improvement in efficiency and effectiveness of credit operation processes/ strategies.
Processes and Operations
  • Manage Specialized Collection Team to deliver on performance and ensure governance to policies and regulations.
  • Ensure compliance of regulatory requirement and internal policies for all collection activities.
  • Implement the ORF as planned and on a timely basis, and proactively and rigorously evaluate ORF controls whenever there are changes in high risk processes. Continuously improve collection processes to enhance to reduce operational risks.
  • To ensure good control mechanisms are in place and to ensure satisfactory audit clearance.
  • Offer assistance to those customers having financial problems through negotiation, settlement and forbearance programs.
  • Execute collection strategies in order to manage an acceptable level of credit loss and maximize recovery return through in house collection action for mortgage accounts, detailed account review and legal proceedings.
  • Enforce early legal actions to mitigate emerging risks.
  • Oversee the mortgage collections and repossession processes.
  • Manage law firm performance as well as property agents to ensure its operational assurance in accordance with the Bank's standard..
Tools and Technology
  • Champion continuous process improvements, up skill collection techniques, upgrade collection tools and optimize collections systems.
  • Making optimal use of all collection tools and using analytical and data segmentation to enhance collection efficiency.
People and Skills
  • To create an environment that is conducive to career growth and development, and to ensure staff satisfaction and strengthen retention factors for performing staffs.
  • To build bench-strengths and ensure succession plans are in place.

Apply now to join the Bank for those with big career ambitions.

To view information on our benefits including our flexible working please visit our career pages . We welcome conversations on flexible working.

Internal Number: 9758271
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