Job Description
Business Function
Risk Management Group works closely with our business partners to manage the bank’s risk exposure by balancing its objective to maximise returns against an acceptable risk profile. We partner with origination teams to provide financing, investments and hedging opportunities to our customers. To manage risk effectively and run a successful business, we invest significantly in our people and infrastructure
Job Purpose
Assist reporting manager in managing NPL accounts with a view to exit at minimal loss.
Key Accountabilities
• Coordinating & communicating with clients, external legal counsel and all internal stake holders.
• Undertaking regular monitoring of borrower accounts and maintaining an update on the developments in the respective borrower accounts.
• Support reporting manager in initiating legal action under recovery laws. Liaison with the law firms representing DBS in various courts/Tribunals.
• Restructuring of cases under various mechanism. Appraising restructuring proposals & scrutinizing relevant documents before proposing/seeking approval from credit, ensuring compliance with organizational credit policies
• Preparing credit memo’s to seek internal approvals as per the in-country policies and Group SAM policies.
• Coordinate with various departments and Head Office for SAM India- MIS, for internal as well as external reporting. Resolving queries of the internal, concurrent as well as RBI auditors
Job Duties And Responsibilities
• Contribute to the improvement of the Bank's advances portfolio, reducing exposure to weak credits to strengthen the composition of the asset book - By assisting manager in close control of weaker credits and NPL accounts, which involves developing, negotiating and implementing appropriate restructuring/ exit strategies to maximize recoveries and reduce the proportion of NPL accounts.
• Contribute to the growth of business & working to high levels of customer service standards - By ensuring that proposals for exit and restructuring strategies are prepared within a committed timeframe, so that DBS proactively responds to changing circumstances and opportunities to recover impaired credit. Proposals must succintly capture the key operating and financial risks, mitigating factors for India/Singapore approvals
• Safeguard the Bank from regulatory strictures/penalties and potential loss- By ensuring compliance with regulatory, internal & external audit requirements, overseeing the timely and accurate submission of returns wrt RBI as well as in compliance with Group Norms
• Contribute to a positive image of the Bank within the local financial/corporate community - By effectively representing the Bank in discussions and negotiations with other lenders and professional advisors and in various meetings at the Consortium and or lenders
• Maintain DBS internal control standards, implement and observe Group Compliance Policy and maintain awareness of operational risk and minimize the likelihood of it occurring. - By maintaining and ensuring due observance of DBS Internal Control Standards, including the timely implementation of recommendations made by internal/external auditors and external regulators. Ensure awareness of compliance requirements and implementation of Group Compliance Policy
• Seek market information to identify proactively industry problems, negative trends, potentially problem relationships including operational risk, reputational risk, event risk, etc. within wholesale bank in country and bring to the attention of RH, GSAM on any risks that are not being properly managed/need attention
• Ensure high quality, updated and accurate database for all designated a/c’s in the portfolio. Take steps to preserve value of collateral and averting further downside risk
Risk Management Group works closely with our business partners to manage the bank’s risk exposure by balancing its objective to maximise returns against an acceptable risk profile. We partner with origination teams to provide financing, investments and hedging opportunities to our customers. To manage risk effectively and run a successful business, we invest significantly in our people and infrastructure
Job Purpose
Assist reporting manager in managing NPL accounts with a view to exit at minimal loss.
Key Accountabilities
• Coordinating & communicating with clients, external legal counsel and all internal stake holders.
• Undertaking regular monitoring of borrower accounts and maintaining an update on the developments in the respective borrower accounts.
• Support reporting manager in initiating legal action under recovery laws. Liaison with the law firms representing DBS in various courts/Tribunals.
• Restructuring of cases under various mechanism. Appraising restructuring proposals & scrutinizing relevant documents before proposing/seeking approval from credit, ensuring compliance with organizational credit policies
• Preparing credit memo’s to seek internal approvals as per the in-country policies and Group SAM policies.
• Coordinate with various departments and Head Office for SAM India- MIS, for internal as well as external reporting. Resolving queries of the internal, concurrent as well as RBI auditors
Job Duties And Responsibilities
• Contribute to the improvement of the Bank's advances portfolio, reducing exposure to weak credits to strengthen the composition of the asset book - By assisting manager in close control of weaker credits and NPL accounts, which involves developing, negotiating and implementing appropriate restructuring/ exit strategies to maximize recoveries and reduce the proportion of NPL accounts.
• Contribute to the growth of business & working to high levels of customer service standards - By ensuring that proposals for exit and restructuring strategies are prepared within a committed timeframe, so that DBS proactively responds to changing circumstances and opportunities to recover impaired credit. Proposals must succintly capture the key operating and financial risks, mitigating factors for India/Singapore approvals
• Safeguard the Bank from regulatory strictures/penalties and potential loss- By ensuring compliance with regulatory, internal & external audit requirements, overseeing the timely and accurate submission of returns wrt RBI as well as in compliance with Group Norms
• Contribute to a positive image of the Bank within the local financial/corporate community - By effectively representing the Bank in discussions and negotiations with other lenders and professional advisors and in various meetings at the Consortium and or lenders
• Maintain DBS internal control standards, implement and observe Group Compliance Policy and maintain awareness of operational risk and minimize the likelihood of it occurring. - By maintaining and ensuring due observance of DBS Internal Control Standards, including the timely implementation of recommendations made by internal/external auditors and external regulators. Ensure awareness of compliance requirements and implementation of Group Compliance Policy
• Seek market information to identify proactively industry problems, negative trends, potentially problem relationships including operational risk, reputational risk, event risk, etc. within wholesale bank in country and bring to the attention of RH, GSAM on any risks that are not being properly managed/need attention
• Ensure high quality, updated and accurate database for all designated a/c’s in the portfolio. Take steps to preserve value of collateral and averting further downside risk
💡 Quick Summary
Seeking a career-building opportunity? The Specialist| Special Asset Management position is now open for candidates interested in the Bank Jobs sector. This role in New Delhi offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Bank Jobs is a plus.
