VP - BFA

Barclays — Noida, Candor TechSpace

Job Description Purpose of the role To minimise the bank's losses on troubled loans by actively working to restructure, recover, or dispose of delinquent or non-performing loans, they are the bank's financial detective, uncovering the reasons behind loan defaults, negotiating repayment plans, and implementing solutions to maximize recoveries. Accountabilities Identification and analysis of delinquent or restructured loans with deteriorating financial conditions. Analysis of borrower's financial statements, business plans, and market conditions to assess repayment potential. Monitoring and tracking of the performance of workout plans, ensuring compliance with agreed-upon terms. Development and proposition of comprehensive workout plans that balance recovery maximisation with borrower viability. Negotiation and finalisation of settlements or pursue litigation as necessary, in line with bank policies and regulations. Operation of an effective control environment to ensure compliance with relevant bank policies and regulations. Vice President Expectations To contribute or set strategy, drive requirements and make recommendations for change. Plan resources, budgets, and policies; manage and maintain policies/ processes; deliver continuous improvements and escalate breaches of policies/procedures.. If managing a team, they define jobs and responsibilities, planning for the department’s future needs and operations, counselling employees on performance and contributing to employee pay decisions/changes. They may also lead a number of specialists to influence the operations of a department, in alignment with strategic as well as tactical priorities, while balancing short and long term goals and ensuring that budgets and schedules meet corporate requirements.. If the position has leadership responsibilities, People Leaders are expected to demonstrate a clear set of leadership behaviours to create an environment for colleagues to thrive and deliver to a consistently excellent

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