Job Family Card - Collateral Management

Ensure the collateral value sufficiently cover the debt. Manages the collateral, safeguard tangible and intangible assets pledged. Responsible for taking control of the property when a loan-borrower is unable to make full principal and interest payments on their Loan. Responsible for collateral liquidation in case of default and collateral termination when debt is settled. Follow up on repossession procedure until court ruling and repossession execution.

Job Family Code

BCM

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Job Roles

Card Job Role Description

Job Role

Collateral Management Specialist

Job Family Code

BCM

Job Family

Collateral Management

Responsibilities

    Conduct collateral adequacy review to determine debt coverage ratio taking into consideration type of collateral and appraised value and make necessary recommendations.

    Coordinate collateral valuation and periodic revaluation ensuring collateral value is adequate and recommend substitution or additional collateral in case of devaluation.

    Process enforcement of collateral and perform the collateral obligation in case of default ensuring proper action is taken for selling the collateral, settling the debt and distribution of proceeds accounting for all incurred expenses.

    Monitor and perform termination procedures for settled debts to return the pledged assets and documents timely ensuring minimisation of possession risks after debt settlement.

Card Job Role Description

Job Role

Collateral Manager

Job Family Code

BCM

Job Family

Collateral Management

Responsibilities

    Contribute to the development of the organisation risk strategy by establishing the collateral criteria ensuring minimisation of the credit risk.

    Manage and oversee process of the collateral (real estate, commodities, investment properties, …) ensuring proper valuation, periodic revaluation and safe custody.

    Manage collateral inventory and ensure its maintenance and monitor maturity expiration in case of investment property.

    Oversee the implementation of collateral enforcement (filing a money suit, foreclosure, repossession) in case of default and ensure the collateral is acquired and liquidated in a timely and efficient manner.

    Ensure legal and regulatory compliance is observed throughout the collateral management process with coordination with internal and external parties such as legal teams, risk management and compliance departments.

Card Job Role Description

Job Role

Head of Collateral Management

Job Family Code

BCM

Job Family

Collateral Management

Responsibilities

    Contribute to the formulation of the overall organisation's strategy, in collaboration with others in the executive team, focusing on the organisation's collateral management function.

    Approve and ensure implementation of collateral management function policies and procedures and ensure its efficiency.

    Manage collateral management function and ensures its compliance to regulatory requirements as well as market standards.

    Manage and monitor collateral management function budget for cost efficiency.

    Manage internal and external relationships and represent the organisation in all business matters related to collateral management function.

    Ensure prompt collateral enforcement in case of default to avoid financial losses.

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