Manager/ AVP, Recovery and Preservation (Asset Preservation Department)

CMB Wing Lung Bank Limited is a Licensed Bank registered in Hong Kong, which is formerly known as Wing Lung Bank. Founded on 25th February 1933, CMB Wing Lung Bank is among the oldest local Chinese banks in Hong Kong. In 2008, CMB Wing Lung Bank was acquired by China Merchants Bank (CMB). In 2009, the Bank has become a wholly-owned subsidiary of CMB. In 2018, the Bank has renamed as CMB Wing Lung Bank.

CMB Wing Lung Bank and its subsidiaries hold multi licenses in banking, insurance, securities, trust and asset management sectors. Serving customers with whole-hearted, the Bank provides comprehensive banking products and services including retail banking, corporate banking and financial markets, etc. Among them, private banking, syndicated loans, bond issuance, financial markets, asset custody and asset management are influential and competitive in the market. At present, the Bank has over 30 branches and business outlets located in mainland China, Hong Kong, Macau and overseas, etc regions. The Bank has nearly 2,000 employees.

Following the motto of “Progress with prudence, service with sincerity”, the Bank embraces “Serving with Heart, Quest for efficiency, Caring for sincerity” service value into the daily operation. The Bank strives to build a first-class, innovative and cutting-edge commercial bank in Hong Kong and provides an integrated local and cross-border financial and banking services for customers.

Responsibilities

• Responsible for developing and implementing recovery and disposal strategies against overdue retail loans which may involve taking legal actions, such as litigation (non-small claims tribunal), bankruptcy petition.
• Handles all relevant tasks throughout the recovery and disposal process for overdue retail loans, including telephone/email reminders, sending demand letters via attorneys, formulating and negotiating repayment plans, possession of property, collateral valuation and management, as well as collateral disposition.
• Manage and liaison with the external agencies such as solicitor firms, property agencies, auctioneers to facilitate collection work and cope with the debt recovery activities.
• Handle any other assigned tasks of the department.

Requirements

• Bachelor’s degree or above in Law, Finance, Accounting, or related discipline.
• Minimum 3 years’ experience in the recovery and management of problem credits, distressed assets, special assets or related filed.
• Proficient in Microsoft Office, with strong team communication and collaboration skills, logical analysis abilities, and writing skills.
• Self-initiative, able to work independently and under pressure.
• Good written and communications skills in Cantonese, English and Mandarin .
• Combination of analytical skills, industry knowledge, and interpersonal abilities to successfully manage the debt recovery process while maintaining strong stakeholder relationships.

Applicants of this job may be regarded as In-Scope Individuals of the Mandatory Reference Checking Scheme (MRC Scheme). It is a standardised reference-checking arrangement that is designed to support the integrity of “authorized institutions” regulated by the Hong Kong Monetary Authority (HKMA). Pursuant to the MRC scheme, our bank will conduct a mandatory reference check by requesting information from each relevant former and current employer of applicants. For more details on the In-Scope Individuals, please visit https://www.hkab.org.hk/en/page/5/mandatory-reference-checking-scheme-phase-2.