Divisional Head – Special Assets Management (South) (EVP)

"The Nation's Bank", National Bank of Pakistan aims to support the financial well-being of the Nation along with enabling sustainable growth and inclusive development through its wide local and international network of branches. Being one of the leading and largest banks of Pakistan, National Bank of Pakistan is contributing significantly towards socioeconomic growth in the country with an objective to transform the institution into a future-fit, agile and sustainable Bank.

In line with our strategy, the Bank is looking for talented, dedicated and experienced professional(s) for the following position inthe area of Special Assets Management based in Karachi.

The individuals who fulfill the below basic-eligibility criteria may apply for the following position:

Position / Job Title:Divisional Head Special Assets Management (South) (EVP)

Reporting to:

Group Head Special Assets Management

Educational /Professional Qualification:

• Minimum Graduation or equivalent from a local or international university / college /institute recognized by the HEC of Pakistan
• Candidates having a Masters degree and / or any other relevant professional qualificationwill be preferred

Experience:

• Minimum 15 years of experience in Banking and / or Financial Institutions, out of which atleast 05 years of experience in a senior managerial role in Recovery and / or RiskManagement and / or Corporate Banking and / or Commercial Banking

Other Skills / Expertise / Knowledge Required:

• Superior credit risk assessment skills & judgement, including problem recognition, definingand structuring of solutions to complex credit issues and experience in remedialmanagement situations
• Comprehensive knowledge of legal documentation associated with credit / market risk
• Fully conversant in Banks recovery policy and credit policy
• Possess strong leadership skills, a comprehensive understanding of financial and legalmatters, excellent communication and negotiations skills, and the ability to make criticaldecisions under pressure
• Ability to deal with ambiguity on credit / business issues in reaching decisions, developsolutions
• Ability to act decisively in time sensitive situations
• Ability to clearly and proactively communicate in verbal and written form to both internaland external clients

Outline of Main Duties / Responsibilities:

• Strategic Planning: To develop and implement strategic plans for asset recovery, outliningthe goals, targets, and methodologies for maximizing the recovery of distressed ordefaulted assets
• Team Management: To oversee a team of professionals engaged in asset recovery,providing leadership, guidance, and support to ensure effective and efficient performance
• Risk Assessment: To conduct thorough risk assessments of distressed assets, analyzepotential financial, legal, and market risks associated with the recovery process
• Asset Evaluation: To assess the value of distressed assets and formulate strategies tooptimize their recovery potential, which may involve collaborating with appraisers,auditors, and other relevant professionals
• Legal Compliance: To ensure compliance with all legal and regulatory requirements duringthe asset recovery process, including adherence to relevant laws, policies, and procedures
• Negotiation and Settlement: To negotiate with defaulting parties or stakeholders to reachsettlements and agreements that maximize the recovery value of distressed assets
• Stakeholder Management: To interact with internal and external stakeholders, includingclients, legal counsel, regulatory authorities, and other relevant parties, to facilitateeffective communication and coordination throughout the asset recovery process
• Documentation and Reporting: To maintain accurate documentation of all asset recoveryactivities, preparing comprehensive reports on the progress and outcomes of assetrecovery initiatives, and present them to senior management and relevant stakeholders
• Risk Mitigation Strategies: To develop and implement strategies to mitigate potential risksassociated with the recovery process, including financial, legal, and reputational risks
• Performance Monitoring: To establish Key Performance Indicators (KPIs) for tracking theprogress of asset recovery initiatives, monitoring the performance of the asset recoveryteam, and making necessary adjustments to ensure the achievement of set goals
• Continuous Improvement: To identify areas for improvement in the asset recovery processand implement necessary changes to enhance efficiency, effectiveness, and overallperformance
• To carry out any other tasks assigned by the Group Head / Chief

Place of Posting:

Karachi

Assessment Interview(s)

Only shortlisted candidates strictly meeting the above-mentioned basic eligibility criteriawill be invited for panel interview(s).

Employment Type:

The employment will be on contractual basis for three years which may be renewed ondiscretion of the Management. Selected candidates will be offered compensationpackage and other benefits as per Banks Policy / rules.

Apply within 10 working days from the date of this job posting.

Applications received after due date will not be considered in any case. No TA / DA will be admissible for interview.

National Bank of Pakistan is an equal opportunity employer and welcomes applications from all qualified individuals, regardless of gender, religion, or disability.

Responsibilities