Senior Executive, Consumer Collections at Alliance Bank Malaysia Berhad

Subang Jaya City Council, Selangor, Malaysia -

Full Time

Start Date

Immediate

Expiry Date

14 Oct, 26

Salary

0.0

Posted On

16 Jul, 26

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Negotiation, Product Knowledge, Computer Literacy, Conflict Management, Banking Law, Litigation, Risk Management, Compliance, Debt Collection, Credit Analysis, Customer Service, Reporting

Industry

Banking

Description

JOB DESCRIPTION JOB TITLE Senior Executive, Consumer Collections JOB PURPOSE Effectiveness Core Objectives Achieve Bank’s NBD, NPL inventory, delinquency and cost targets Achieve targets formalized through Individual Performance Plan – “IPP” Achieve performance scorecard established, where applicable Delivery of any assignment(s) assigned from time to time Audit & Compliance Ensure compliance to Bank Negara Malaysia GP3 guidelines , Fair Debt Practice, Banking & Financial Act and Collections Operation Manual as well as any other job related manuals at all times when discharging duties Reporting, MIS etc. Ensure timely deliverable of reports, MIS etc. Ensure factual correctness and accuracy of all outward deliverables Regular feedback to business or any related departments on services/ process/ practices and credit issues in support of the Bank’s activities KEY RESPONSIBILITIES Effectiveness Default Bucket Collection Function Ensure optimum coverage of accounts under portfolio assigned Correctly advise borrowers on amount to pay Correctly advise borrowers on the repercussions of defaulting Correctly advise borrowers on availability of options to pay such as below (not limited), where applicable: Payment Arrangement vide Postdated Cheques; Debt Rescheduling Program; Availability of AKPK; EPF Withdrawal; Disposal of Collateral Pledged. Adhere to the Bank’s Processes & Practices in handling :- Customer’s request Customer’s complaint Bankrupt Account Deceased Account Customer’s Cheques (Clearance / Withholding) Ensure timely issuance of instruction to discontinue/ withholding legal action Ensure processes on Full & Final Settlement are complied, where applicable Add point Categorize accounts to be sent for field visit , skip tracing i.e. un contactable, avoiding, runaway cases Early detection of potential risk accounts such as First Payment Default accounts, straight flow accounts (no payment for consistently 2 months upon loan disburse) Educate customer on their payment due date and consequences of late payments which leads to poor central bank credit bureau reporting Able to cross check on other facilities with the bank for additional info or contra payment where applicable Front End Collections Support & Inbound Functions Attend to all inbound calls vide Collections general line within promptly Updates all cheques received into DMS within the same day Updates all inward letters, faxes etc into DMS within the same day Perform signature(s)’ verification of all documents sent by borrowers Updates all inward letters, faxes etc into DMS within the same day Raise maintenance all requests for (post verifications) :- Change of contact info Appointment of 3rd party to make enquiry into account Deceased Status updating Bankrupt Status updating Attend to all documentary requests for borrowers such as statement, duplicate security documents etc. KEY RESPONSIBILITIES Ensure chargeable services are charged to borrower(s) account(s) Coordinate all employee engagement functions Attend to the end to end process in relation to BAU loan repricing request Attend to all request for Credit File Extraction and ensure tracking as well as subsequent repatriation to warehouse Support all projects driven exercise in terms of issuance of letters, checking, verifying and basic customer service calls. Generic Functions Ensure timely deliverable and follow thru of actionables promised to borrowers Ensure operational “fallout” by staffs are counseled and escalated to HR, where established trigger has been breached Ensure borrowers’ complaints are placed on priority for closure Ensure system maintenance forms are correctly raised in respect to each situation attended Delivery of any assignment(s) assigned from time to time Audit & Compliance Ensure speedy closure of audit actionables, within given deadline Ensure agreed corrective measures are acted on and followed thru Engage in Collections Process and Practice’ review by providing feedback and recommendation with the view to close operational gaps and minimize operational grey areas, if any Contribute to the Collections Manual, by actively participating in the updating of the same OTHER DUTIES Adhoc reporting and other duties assigned by the Management from time to time. KEY RELATIONS (INTERNAL & EXTERNAL) Working Relations Regular Contacts Internal Staff of Collections Staff of Contact Centre Branch staff IS staff Staff of Credit Operations (CAH) Internal Auditors Nature of Purpose For uniform collection strategies and procedures For feedback and resolving customer issues Credit information and feedback on collections To clarify and resolve customer issues for mutual interest To provide feedback on the existing delinquent portfolio To provide relevant information/data relating to legal proceedings for successful completion of audit exercise External Panel Solicitors Panel Valuers Panel Real Estate Agents Land Office Staff Court Staff Panel Auctioneers System Administrators Successful Bidder MRTA Insurer External solicitor 3rd party Next of Kin for deceased borrowers Internal Auditors External Auditors BNM Official Nature of Purpose Conferring on legal action taken or to be taken To build rapport and exchange of legal knowledge on the latest development in Banking Laws Attending auction fixed System matters Settlement of balance purchase price & bills procurement Follow up on MRTA proceed All matter authorized Debts of the deceased, as provided in the order Facilitate in internal audit process Facilitate in external audit process Providing update to BNM official or attending meeting in BNM EXPERIENCE/KNOWLEDGE REQUIRED Skills Good Negotiation Skill Product knowledge Good Computer knowledge People & Conflict Management Knowledge Malaysian Legal System in particular banking law & litigation Risk & Compliance Experience Collections Legal

Responsibilities

Manage consumer collection portfolios to achieve NPL and delinquency targets while ensuring compliance with Bank Negara Malaysia guidelines. Handle inbound collection calls, process borrower documentation, and coordinate with legal panels for debt recovery.