Head of NPL Management

Job title:

Head of NPL Management

Company

NOBA BANK GROUP

Job description

NOBA Bank Group is looking for a dynamic and driven professional to step into the role as Head of NPL Management. This is a central role where you will lead the strategy for managing and maximizing the value of NOBA’s SEK10bn NPL book whilst safeguarding the borrowers’ financial wellbeing. You will be a part of developing the NPL management team, shaping it into a proactive and skilled group, equipped with the right tools to effectively manage NPL sales, structuring, and collections.In this role, you will join a team of 10+ professionals at NOBA, including decision-makers, specialists in portfolio sales, portfolio management, and collections.About the RoleAs the Head of NPL Management, you will together with the NPL team lead the work to set the banks NPL strategy. You will continuously drive the development agenda in ensuring that NOBA has a relevant toolkit to effectively manage our NPLs, e.g. by evaluating to set up a Special Debt Restructurer (SDR). The daily work will be focused on NPL portfolio sales either as one-offs or through NPL securitizations. In addition, you will be a driving force in supporting collections with actionable insights coming from analyzing NPL collections data.Your main responsibilities will include:

• Leading and mentoring the NPL team, providing them with the skills and tools required to proactively manage NOBA’s NPL book
• Managing and executing NPL sales, through one-off sales or NPL securitizations, to achieve the highest possible portfolio value

• Identifying and assessing portfolios that align with NOBA’s strategic goals and meet investor demand
• Guiding the transaction process from beginning to end—engaging with investors, structuring deals, and overseeing due diligence and closing activities
• Leading the structuring work in NPL securitization transactions
• Continuously broadening NOBA’s NPL toolkit by e.g. evaluating the option to set up an SDR
• Supporting Collections in managing debt collection agencies (DCAs) to ensure optimal performance through data-driven insights

We are looking for you who have:

• 5+ years of experience in leading large complex transactions / projects
• A track record of structuring financial transactions such as securitizations
• 5+ years of experience of banking or NPL-related fields
• A degree in finance or economics and/or a strong interest in financial and macroeconomic markets
• Working proficiency in English and one of the Scandinavian languages

It’s a big plus if you have:

• Expertise in analyzing DCA performance to maximize collection efficiency
• Technical skills in programming (SAS/STAT, SQL, R, VBA, or Python)

To thrive in this role, you should enjoy taking the strategic lead and continuously develop the means for the NPL team to succeed. As a natural leader, you’ll build trust and respect through collaboration and clear communication. You should be highly organized, results-driven, and capable of meeting goals while keeping projects on track. Comfort in a fast-paced environment is key, along with the ability to manage multiple tasks and teams effectively. We’re looking for a proactive leader who brings both a strategic mindset and hands-on expertise to the table, someone who embraces the challenge of complex projects and can see both the big picture and the details.Have you heard of NOBAVERSE?
In our NOBAVERSE, we value openness, trust, and diversity. Here, you can influence your own development and have fun along the way to achieving our goals – all in a workplace that’s a little extra bubbly! ✨
Read more about our employee value proposition on ourWe strive for diversity of knowledge and experiences among our employees and welcome all applicants who are qualified for the position. We are committed to a recruitment process free from discrimination that provides equal opportunities for all.What happens when you have submitted your application?
The number of steps in the recruitment process may vary depending on the position you are applying for, but we always try to keep the process as short and concise as possible, to protect your application experience. You can read more about how our recruitment process works in the .If you have any questions or concerns about the position, please contact the responsible recruiter at lidya.berhane@nordax.se.We look forward to receiving your application!NOBA Bank protects your privacy and, with reference to the GDPR, would like to ask you not to include any sensitive personal data in your application. Examples of sensitive personal data can be information about ethnic origin, political opinions, religious beliefs or information about your health, such as sick leave. If you have protected personal information, please inform the responsible recruiter so that we can handle your personal data correctly.With a diversified offering through three brands – Nordax Bank, Bank Norwegian and Svensk Hypotekspension – as well as two million consumers, we have the size, skill, and scalability to enable healthier finances for even more people. NOBA creates specialized, customer-centric financial offerings that are sustainable for individuals, the bank and society at large, today and tomorrow. NOBA Bank Group AB (publ) (“NOBA”) is owned by Nordic Capital Fund IX, Nordic Capital Fund VIII and Sampo. Today the NOBA group has approximately 600+ employees and is active in eight countries.As of June 2024, our lending amounted to SEK 117.1 billion, and deposits to SEK 107.4 billion.Founded in 2003Employees: 600+

Expected salary

Location

Fornebu, Viken

Job date

Sat, 23 Nov 2024 04:54:14 GMT

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