The National Bank of Pakistan (NBP), a leading financial institution dedicated to promoting national well-being, is seeking skilled and motivated individuals to join their Special Assets Management team. This is a great opportunity for those passionate about debt recovery and contributing to the bank’s financial stability.
About NBP:
NBP is one of the largest and most prestigious banks in Pakistan, boasting a wide network of branches both locally and internationally. They are committed to driving sustainable economic growth and inclusivity within the country. Currently, NBP is seeking talented professionals to strengthen their Special Assets Management department.
Available Positions:
NBP has openings for two positions in Special Assets Management:
| Position | Description |
|---|---|
| Cluster Recovery Officer (OG-1) | Responsible for recovering various loans, including SME, Commercial, Agriculture, and Non-Program Based Products. Oversees recovery strategies and works with customers and legal teams to resolve outstanding debts. Minimum of 4 years of experience in financial institutions with a focus on commercial/corporate/SME recovery and credit risk management is preferred. |
| Cluster Recovery Officer (OG-II) | Similar responsibilities as the OG-1 position, but with a minimum of 2 years of experience in financial institutions and loan recovery. Excellent communication and negotiation skills are essential. |
Eligibility Criteria:
- Minimum graduation degree from a recognized university/college
- Masters degree and relevant professional qualifications are preferred
- Experience in a financial institution with a focus on loan recovery and/or credit risk management
- Excellent communication and negotiation skills
- Proficient in Microsoft Office Suite
- Strong analytical skills with a keen eye for detail
- Ability to manage a team (desired for OG-1)
Responsibilities:
- Formulate strategies for assigned recovery targets
- Oversee recovery of various loan types
- Conduct meetings with branch managers, portfolio heads, and regional management regarding defaulters and litigation
- Review loan portfolios and coordinate with customers for recovery
- Maintain recovery sheets and manage Management Information Systems (MIS)
- Ensure timely payment of installments by borrowers
- Collaborate with the legal division and external agencies to resolve non-performing loans (NPLs)
- Analyze monthly performance data and ensure smooth operation of assigned recovery groups
- Adhere to State Bank of Pakistan (SBP) regulations and NBP policies during loan settlements and restructuring
- Negotiate potential settlements with defaulters
- Follow up with branches for charge-offs
- Address audit requirements and implement measures to prevent recurrence of issues
Selection Process:
Only shortlisted candidates who meet the eligibility criteria will be invited for an assessment test and/or interview.
Employment Terms:
- Contractual employment for three years with potential for renewal based on performance
- Competitive compensation package and benefits as per NBP policies
How to Apply:
Interested candidates can apply online within 10 working days from the date of publication at www.sidathyder.com.pk/careers. Applications received after the deadline will not be considered.
Diversity and Inclusion:
NBP is an equal opportunity employer and encourages applications from all qualified individuals regardless of gender, religion, or disability.
A Rewarding Career Opportunity:
The National Bank of Pakistan offers a stimulating and rewarding career path for individuals passionate about loan recovery and financial management. If you possess the necessary skills and qualifications, consider applying for one of these positions and contribute to the success of a leading national bank.
