Senior Account Manager, Special Asset Management recruitment
H Y Partners is a boutique search firm focusing on recruitment in financial services industry. Based in Shanghai, we differentiate ourselves through in-depth and thorough knowledge within this area of practice. We assist client organizations in identifying and hiring the right professionals.
Our client is a widely recognised brand name. It is a China-locally incorporated bank with RMB licence. Hailed by PBoC as one of China's most active and competitive foreign banks, it is amongst the first banks in China to commence derivatives trading. The Bank's business scope includes commercial, retail and private wealth management. It also operates in investment, asset management and capital markets.
With a strong commitment to innovation, they have brought landmark deals to the market and have forged a reputation for constantly adding value to businesses.
Senior Account Manager, Special Asset Management
(Shanghai)
Job Scope
- Overall country ownership, management, rehabilitation and workout of problem accounts and other accounts specially assigned to Group Special Asset Management to minimize provisions and maximize recoveries in China, including management of all regulatory, policy I procedure, communication, HR, budgeting, forecasting, and reporting related issues.
- To direct and manage China Special Asset Management activities Involving restructuring, re-engineering and workout in order to reduce the potential and actual overall impact of Impaired accounts on the Group's balance sheet and profit and loss account.
- To co-ordinate the timely identification and reporting of loss provisions, with such being reported to the Regional Head, NEA, Special Asset Management, CCRO and business heads.
- To ensure processes, policies and procedures are in place to cover the management of the Special Asset Management portfolio and to address changing requirements as necessary.
- To engage fully and proactively with China CEO, CCRO, CFO, Heads of Corporate Banking and SME, Sales and Senior Corporate Heads, Regional Credit Officers. Senior Credit Officers, Audit and legal I Compliance and other Group Heads I Senior Executives as appropriate and keep fully informed as appropriate Group Special Asset Management.
- To communicate continually with the Special Asset Management team to provide context and direction to their work and ensure they are highly motivated.
- To ensure that lessons learned from bad debt I problem loan experiences are shared in China and on a group wide basis.
- To ensure that the risks arising from litigation, environmental claims, regulatory censure or potential reputational loss in regard to Early Alert Accounts and Problem Accounts are minimized.
- To direct and manage the provisioning, provision release, cost and revenue, budgets and forecasts on a rolling basis are accurate, updated and regularly communicated to stakeholders.
- To deliver Special Asset Management financial targets.
- To negotiate directly on behalf of the Bank in the most complex and difficult workout situations.
- To deal directly with Regulatory authorities as required (with the prior agreement of Legal Compliance).
- To deal direct with consultants and advisers as required.
- To provide role model leadership behaviour consistent with the Group's Vision; values and institutional image.
- To foster team spirit and strengthen internal relationships to achieve One Bank objectives.
- To sponsor the use of Q12 engagement survey and ensure effective Q12 action planning and follow through.
- To ensure compliance with Group Compliance policies, procedures and codes, including money laundering.
- To establish organization structures with clear lines of command and control.
- To allocate appropriate responsibility, accountability and authority to direct reports. Ensure clarity of information flow, escalation of Issues and concerns and communication of organizational change.
- The overall performance of the Group by minimising losses I suspended interest, maximising recoveries I write back of provisions and interest in suspense and reducing the Group's exposure together with the restructuring of the portfolio through the exit of non-core accounts.
- Continual improvement of standards of risk management, a higher quality of lending, an enhanced return on assets, an overall reduction in the level of Early Alert, maximisation of recovery and exploitation of profit opportunities for recoveries out of provisions and suspended interest balances.
- The training and career development of officers in specialist loan workout techniques.
Selection Criteria
- Minimum 15 years' experience in corporate banking, SME credit, relationship management and special asset management fields in China.
- Tertiary academic qualification and extensive practical know-how in accounting, finance, and banking practice and theory.
- Strong negotiation, leadership, managerial and organisational skills to manage the China Special Asset Management unit.
- Significant experience in the banking industry, with sound knowledge of risks involved in lending; particularly corporate lending.
- Financial engineering dexterity with a comprehensive repertoire of strategic and tactical tools.
- Sound practical and technical knowledge of laws relating to bankers' rights, corporate finance, security documentation and realisation, appropriate Corporate Law, receivership, bankruptcy and winding up.
- Up-to-date knowledge of business conditions and developments in countries where the Group is involved.
- Ability to resolve conflicts, manage crises and solve problems, withstand pressure, work fast, set priorities and organise management time among numerous accounts needing urgent attention simultaneously, with initiative, creativity, resourcefulness, analytical ability, energy and determination to execute and win.
- Ability to communicate well both orally and in writing, and to conduct meetings (often in hostile I confrontational circumstances and I or at very Senior Corporate I Bank levels) and focus on relevant issues.
- An ability and willingness to exercise initiative, make decisions, exercise responsibility and accept accountability for actions taken I decisions made.
- Sharp business acumen, including the ability to assess risk.
- Strong leadership qualities, excellent inter-personal skills and multi-cultural awareness.
- Fluent Chinese and English essential.
To submit your application please apply online using the appropriate link below, or email to admin@hypartners.com quoting "SAM-GSAM" in your subject heading. Your interest will be treated in the strictest of confidence.
This is a senior level hire. Applicants should be suitably equipped with experience gained at China's banking corporations. We regret that only shortlisted candidates will be notified.
May 8, 2012
• Tags: Asset Management careers in the China, Senior Account Manager, Special Asset Management recruitment • Posted in: Financial