ASSISTANT VICE PRESIDENT – PFS RECOVERIES DEPARTMENT

13 March 2024

You should ideally;

  • possess at least 10 – 12 years of experience in branch banking with exposure to PFS recoveries
  • have a proven track record of setting ambitious targets and consistently achieving or exceeding them
  • have demonstrated a strong drive to succeed and be motivated by challenging objectives.
  • possess a results-oriented mindset and is accustomed to working in high-pressure environments.
  • have excellent leadership and people management skills, with the ability to motivate and guide a team to achieve set target and have a sound 
    knowledge of  relevant laws, regulations, and industry best practices related to collections and recoveries
  • possess an analytical mindset with the ability to interpret data, identify trends, and make data-driven decisions to improve recovery efforts
  • Possess strong communication and interpersonal skills, with the ability to effectively collaborate with internal stakeholders, recovery agencies, and 
    customers
  • be proactive and results-oriented, with the ability to work under pressure and meet deadlines
  • possess proficiency in using collection software and tools, as well as MS Office applications. 

You will be responsible for,

  •  developing and implementing effective strategies and action plans to reduce the NonPerforming Loan (NPL) portfolio of Credit Cards, Personal Loans, Overdrafts, Leasing and Housing Loans
  • manage and oversee the assignment of the NPL portfolio to recovery agencies, ensuring adherence to recovery policies and procedures
  • coordinating with recovery agencies to monitor and evaluate their performance in achieving recovery targets and take necessary actions to enhance recovery effort
  • conductingperiodic portfolio reviews and analysis to identify highrisk accounts, recommend appropriate strategies, and allocate resources accordingly.
  • collaborating with the Credit Risk team to analyze and understand the root causes of delinquencies, identify trends, and develop preventive measures to minimize future NPLs
  • leading, mentoring, and supervising a team of bank supervisors placed across different regions  of Sri Lanka, ensuring their effective performance in supervising DRA agents and meeting collection targets
  • developing and maintaining strong relationships with internal stakeholders, including Credit, Legal, and Compliance teams, to ensure alignment and cooperation in the recovery process
  • monitoring regulatory compliance related to collections and recoveries activities, ensuring adherence to relevant laws, regulations, and ethical practices.
  • preparing regular reports and provide updates to senior management  on the progress and performance of the NPL portfolio, highlighting key challenges, achievement, and proposed actions

We are an equal opportunity employer, committed to promoting an inclusive and diverse environment. Recruitment to the Bank is based solely on merit and competency irrespective of other characteristics that make our employees unique.

Any form of canvassing is discouraged. Correspondence will only be with the short-listed candidates.

Click here to download the DFCC Bank application form and apply now via the below portal by 17 March 2024.

Chief Human Resources Officer
DFCC Bank PLC, 73/5 Galle Road, Colombo 03
website – www.dfcc.lk

Experience
yes
Work Level
Experience
Employment Type
Private
Salary
Negotiable
Valid Until
March 17, 2024
DFCC Bank
View profile
Industry
Banking
Founded in
1955
Phone
(+94)112350000 (+94)11235**** Show
Location
All Island

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