Associate Vice President
4 weeks ago
Job descriptionSome careers open more doors than others If youre looking for a career that will unlock new opportunities join HSBC and experience the possibilities Whether you want a career that could take you to the top or simply take you in an exciting new direction HSBC offers opportunities support and rewards that will take you furtherJob Title - AVP Agency Management Secured Loans Collections Job Summary xc2 xb7 Responsible for managing collection and recovery efforts for delinquent Secured loans portfolio Ensuring efficient and effective recovery on the delinquent Secured loans portfolio while adhering to the regulatory requirement xc2 xb7 Lead team of collection agents set collections goals develop strategies and work closely with the agencies to resolves delinquent Secured loans portfolio xc2 xb7 Initiate Legal action on the NPA portfolio Strong knowledge of legal process in secured products i e SARFAESI DRT CIVIL NCLT xc2 xb7 Act as the liaison point for Legal counsel s assisting debt collections and manage the entire Legal journey on the NPA accounts xc2 xb7 Manage Risk by way of identification assessment and to mitigate such risk by implementing agreed strategy and by exercising good control xc2 xb7 To ensure Banks laid down processes polices are followed and customer fairness principles are adhered to all the time xc2 xb7 Drive performance of External vendors matched against expected delinquency Money Recovery Rate Flow Rates Loss rates xc2 xb7 Implement C19 C23 Agency Management Standards while providing direction support to the External Collection Vendors To maintain HSBCs internal control standards including the timely implementation of internal external audit points together with any issues raised by any external regulators Principal ResponsibilitiesCollections Performance Agency Management and Legal Action xc2 xb7 Set monthly quarterly targets for the DCA in line with business requirement xc2 xb7 External Debt Collection Agencies DCAs are motivated to achieve the set targets in terms of Money Recovery Rate MRR Gross Credit Loss GCL Flow Rates Recoveries Provision releases saves while remaining aligned to our operating principles xc2 xb7 Identifying accounts and initiating legal action under SARFAESI CIVIL DRT xc2 xb7 Implement C19 and C23 Agency Management Standards to help mitigate conduct and reputation related risks xc2 xb7 Design and implement effective collection strategies for different stages of delinquency xc2 xb7 Upkeep of performance records and ensure updation on collection efforts are capture on the collections system xc2 xb7 To extend support to External Debt Collection Agencies DCAs in helping them imbibe and follow HSBCs Customer Fairness Principles xc2 xb7 Lead and actively participate in negotiations with delinquent customers to collect outstanding dues resolve issues xc2 xb7 Conduct audit checks and provide timely formal feedback to DCAs xc2 xb7 Effect collaboration with Internal stakeholders to enhance collections efficiency Operational Effectiveness Control xc2 xb7 Maintain and observe HSBC internal control standards implement and observe Group Compliance Policy including the timely implementation of recommendations made by internal external auditors and external regulators xc2 xb7 To ensure all the Information Security Risk ISR guidelines are adhered by the DCA xc2 xb7 Run business in accordance with all guidelines and instructions covered under Desk Instruction Manual DIM Regional Guidelines RG Local Collection Manual LCM Debt Collection Agency DCA guidelines and Customer Fairness Principles xc2 xb7 Achieve satisfactory audit ratings with neither any major repeat recommendations nor any adverse findings from external auditors or any compliance review xc2 xb7 Respond all customer service escalations within 24 hours of notice and escalate the same to Customer Complaints team and ensure Upheld complaints dont exceed the agreed threshold xc2 xb7 Analyze the portfolio and provide feedback to the risk department in terms of fraud accounts xc2 xb7 Ensure Implementation of the Potential Vulnerable Customer policy xc2 xb7 Regularly monitor Service Providers service levels and costs by maintaining and regularly updating Archer System xc2 xb7 Check accuracy of billings sign off on the billings before obtaining approval for payment xc2 xb7 Perform at least an annual risk evaluation and mitigation analysis regarding the outsourced activity Conduct an annual review of the Service Providers financial capacity to support the outsourced activity leverage and gearing ratios net worth or capital operating cash flows or liquidity and file these reviews together with the financial statements Perform all First Line of Defence LoD activities on timely basis RequirementsEducation Qualifications Certifications and Requirements xc2 xb7 Graduate BSc B Com BA xc2 xb7 Minimum of 5 years of experience in Secured Collections and vendor management xc2 xb7 Strong Knowledge of Collections law and regulations xc2 xb7 In-depth knowledge of legal procedures on the secured products i e SARFAESI DRT CIVIL NCLT xc2 xb7 Strong Communication analytical skills Sound knowledge on the Banking sector in general Useful LinkLink to Careers Site ClickYoull achieve more when you join HSBC HSBC is committed to building a culture where all employees are valued respected and opinions count We take pride in providing a workplace that fosters continuous professional development flexible working and opportunities to grow within an inclusive and diverse environment Personal data held by the Bank relating to employment applications will be used in accordance with our Privacy Statement which is available on our website Issued by The Hongkong and Shanghai Banking Corporation Limited India HSBC
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