Vp1, Recovery Officer

7 days ago


Kuala Lumpur, Malaysia United Overseas Bank (Malaysia) Bhd Full time

**About UOB**:
United Overseas Bank Limited (UOB) is a leading bank in Asia with a global network of more than 500 branches and offices in 19 countries and territories in Asia Pacific, Europe and North America. In Asia, we operate through our head office in Singapore and banking subsidiaries in China, Indonesia, Malaysia and Thailand, as well as branches and offices.

Our history spans more than 80 years. Over this time, we have been guided by our values — Honorable, Enterprising, United and Committed. This means we always strive to do what is right, build for the future, work as one team and pursue long-term success. It is how we work, consistently, be it towards the company, our colleagues or our customers.

**About the Department**:
The **Credit and Risk Management** function is comprised of three teams: Risk Management, Credit and Special Asset Management. We manage the risks arising from the Group’s business activities within the risk appetite established by the Board. This involves identifying and evaluating the risks, developing effective risk governance and strategies as well as providing independent assessment of the overall risk profile.

**Responsibilities**:

- Manage NPLs including formulating account strategy / action plan, negotiate for repayment, seek approval and implement recovery plan, monitor the progress of recovery plan to maximize recovery effort for Wholesale Banking NPL accounts.
- Initiate and track the progress of legal proceedings. Liaise with lawyers, receivers & managers, liquidators, real estate agents, valuers, etc to ensure timeliness and effectiveness of recovery actions.
- Conduct periodic site visits to check if borrowers are still in operation, charge properties are still intact, security guards appointed are present at the site.
- Liaise with Bank Negara Malaysia / MAS inspectors and internal / external auditors.
- Ensure compliance with statutory laws and regulations, internal controls and processes.
- Attend to ad hoc job assignments / UAT testing for new products launched by the Bank / or any other works which are assigned from time to time

**Job Requirements**:
**Be a part of UOB Family**:


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