Posted Aug 23, 2020 76 views
The Bank of Punjab is one of the leading banks of Pakistan with a large network of 624 online branches including Islamic Banking branches across Pakistan. BOP invites applications from high-caliber, seasoned professionals for the following position at its Head Office, Lahore.
Position: Group Head – Special Asset Management
Major Responsibilities:
- Overall responsibility to develop and implement strategy for remedial management of Non-performing portfolio of the bank while ensuring job is done in accordance with Bank’s Rescheduling & Restructuring policy and State Bank of Pakistan’s regulations.
- Implementation of approved rescheduling/restructuring while monitoring approved covenants in the entire portfolio.
- Remedial management of non-performing portfolio to achieve trade/ ancillary/ fee based business, for increased profitability.
- Filing of recovery suit against defaulters, ensuring close liaison with dealing counsels.
- Initiate hard-hitting actions, like prosecution of defaulters through civil and criminal litigation, placement of their names on Exit Control List, search and attachment of their hidden assets and invocation relevant legal provisions to make result-oriented efforts for speedy recovery of infected portfolio.
The candidate should be eligible under FPT criteria of State Bank of Pakistan.
This position is SEVP/EVP level depending upon the selected individual’s capabilities, qualification & experience.
The position demands highly motivated, result-oriented individual with demonstrated experience & leadership skills and well-versed with applicable banking regulations, labor laws & practices.
General Eligibility Criteria:
Qualification: Graduate / Post Graduate from an HEC recognized University / Foreign University. Candidates having a degree in Law will have added advantage.
Experience: Minimum 15 years of banking experience including 5 years at a senior managerial role in a similar function.
Age: Not more than 55 years as of date of application
The individuals who fulfill the above-mentioned eligibility criteria may apply in confidence. The position carries attractive market-based remuneration. Interested candidates are encouraged to apply online by September 7, 2020.
Only shortlisted candidates will be contacted for an interview. No TA/DA will be admissible.
We are an equal opportunity employer.
Job Details
The Bank of Punjab (BOP)
The Bank of Punjab was established in 1989 under The Bank of Punjab Act, 1989 passed by Provincial Assembly of the Punjab, as a non-scheduled Commercial Bank with majority shareholding of Government of the Punjab. The Bank earned the status of a scheduled Commercial Bank in 1994 and currently carries a vast network of over 620 online branches, strategically located across the Country along with an ATM network of over 550 offering 24/7 banking services to its diverse clientele of over 2 million. Since its inception, the BOP has seen many ups and downs and has also successfully weathered the waves of economic volatility, recessions and stiff market competition over the years. Current strong network base coupled with solid capital structure and phenomenal financial results posted during last few years has transformed the Bank to one of a leading financial institution of the Country. Now, the Bank standouts among peer group as a robust and rapidly growing commercial Bank. Besides offering a range of products and services to meet the modern days’ banking requirements of its clients, the Bank has also established its footprint in the areas of consumer financing, agriculture credit, corporate & investment banking, cash management and alternative delivery channels. While achieving the objective of financial inclusion through its presence in remote and unbanked areas of the Country with HarFardKaKhayal the Bank is playing its due role in the economic growth of the Country through its various specially tailored and designed products and services.
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