Head - Debt Recovery - Bank

Head - Debt Recovery

1. Develop the bank's debt recovery policies, procedures and guidelines and ensure that debt recovery activities are performed in line with these.

2. Keep abreast of local and global best practices in debt recovery and make recommendations to the Director, Credit and Debt Recovery on how these impact the unit.

3. Evaluate and present various options to maximize Bank recoveries.

4. Derive action plans to return delinquent accounts to fully performing status, or where not possible, to mitigate credit losses through account restructuring and/or liquidation of collateral.

5. Ensure proper documentation of all analysis and recommended action plans in accordance with the Bank's policies and guidelines and approve within own authority or submit to required approval authority.

6. Review Non-Performing Loans (NPL) and recommend the appropriate loan work out alternative for the relevant committees' deliberation.

7. Ensure timely re-transfer of regularized loans to the relevant relationship management department or branch as applicable.

8. Oversee activities related to foreclosure including ownership transfer of collateral as per the Bank's policies and procedures.

9. Follow up loan related court cases in consultation with the bank's lawyers to ensure effective instituting of legal cases, lodging appeals and defending cases.

10. Maintain safe custody of security items and related loan files.

11. Ensure the necessary notice is given to credit defaulters.

12. Request the concerned organs of the government for issuance of the seizure order of collateralized vehicles/machinery and take possession of mortgage buildings.

13. Ensure that collaterals are valued/estimated by the bank's appointed professionals.

14. Identify, develop, deploy and retain talented staff including completing performance appraisals effectively and on time in accordance with the established performance management procedure.

15. Adhere to compliance and operational risk controls in accordance with the Bank's and regulatory standards, policies and practices and ensure that all staff are familiar with them.

16. Develop accountability structures, oversee periodic reporting and monitor the performance indicators for Debt Recovery Department.

17. Perform other related duties as emanates from the post, as and when assigned by the Supervisor.