| Job Title: |
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Unit Head Special Assets Management Group South |
| Total Positions: |
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1 |
| Job Location: |
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Karachi |
| Gender: |
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No Preference |
| Minimum Education: |
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Bachelors |
| Degree Title: |
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Bachelor or Master's degree preferably with Finance major |
| Career Level: |
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Experienced Professional |
| Minimum Experience: |
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5 Years8 Years |
| Salary Range: |
|
PKR 0 to 0 per Month |
| Apply By: |
|
Jan 31, 2022 |
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| Job Description: |
Role Purpose
Job holder will manage Corporate Portfolio of Special Assets Management Group (SAMG) in Karachi. Incumbent will be required to develop, assist & implement settlements, restructuring and rehabilitation proposals related to delinquent and stressed corporate relationships.
- Conduct regular reviews of assigned portfolio, initiate negotiations, and follow up with customers / lawyers / courts and other agencies whenever required
- Develop, in consultation with senior management, recovery plans for assigned portfolio
- Initiate and manage negotiations with clients
- Mediate & monitor Settlements, Restructuring, Rescheduling, Write Offs, Waivers of default and overdue credit facilities
- Liaise with internal and external legal counsels in dealing with court cases to ensure implementation of the best legal strategies
- Responsible to assign responsibilities to Relationship Managers with allocation of accounts to them for necessary due diligence, negotiations, litigation, etc.
- Collaborate with business units / relevant stakeholders to identify risk areas and minimize future losses in the assigned assets portfolio
- Form and pro-actively participate in Steering Committees of Creditors
- Supervise MISs that are submitted to the management at different levels
Eligibility Criteria
- Bachelor / Master’s degree preferably with major in Finance
- Five to eight years’ relevant experience in Corporate, Commercial, Risk Management or SAM Department of Banks / FIs
- Well versed with SBP regulations & practices related to Non-Performing Loans
- Financial and analytical skills
- Proficient in MS Office, especially in Excel and Word.
Faysal Bank is an equal opportunity employer. Females and/or candidates who are differently-abled are encouraged to apply. |
| Company Information |
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Company Name: Faysal Bank Limited
Company Description:
Faysal Bank Limited was incorporated in Pakistan on October 3rd, 1994 as a Public Limited Company under the Companies Ordinance, 1984. The Bank’s shares are listed on Pakistan Stock Exchange. Faysal Bank is engaged in Commercial, Retail, Corporate and Islamic banking activities. Barkat is the dedicated Islamic Banking Division of Faysal Bank offering Shariah compliant banking products and services for all segments of the market through its 197 full-fledged Islamic banking branches.
Faysal Bank’s footprint now spreads over more than 120 cities with over 400 (including 197 Islamic) branches. With total assets in excess of PKR 444.5 billion, placing it amongst the significant players in Pakistan’s banking industry. Faysal Bank’s ambition is to provide par excellence service to its customers while meeting their financial needs.
Faysal Bank Limited has been duly licensed as a Commercial Bank by the State Bank of Pakistan (SBP). Barkat, the dedicated Islamic Banking division of Faysal Bank has also been provided the license to operate as a standalone division having separate Islamic operations from conventional. It carries on banking business activities in line with the Banking Companies Ordinance, 1962.
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