Distressed Debt / Restructuring Credit Risk Director in London

Special Credits EMEA is responsible for corporate banking and structured finance credit for Corporates, FIs and Sovereigns. Its major functions are outlined as follows:

• Management of problematic assets
• Analysing, approving, sanctioning and monitoring the credit quality of corporate credit risks and related risks
• Monitoring, reporting and early action
• Portfolio analysis and management

The London Credit team is responsible for the EMEA region and works closely with other regions, Group entities and subsidiaries within the region to ensure global consistency in credit management.

MAIN PURPOSE OF THE ROLE

To be responsible for the effective management of a portfolio of distressed and problem assets where exposures may exist across different layers in the capital structure, in different products and in various industries/sectors and jurisdictions across EMEA. Responsibilities include:

• Optimising credit costs and recoveries on problem assets in EMEA
• Making balanced, timely and thoughtful recommendations and credit decisions on behalf of EMEA
• Supporting the strengthening and developing of the risk appetite portfolio monitoring and early warning frameworks
• Maintaining a broad network of relevant external stakeholders in the recoveries/workout space

KEY RESPONSIBILITIES

• Developing and assessing action plans and workout strategies under various restructuring options
• Providing recommendations on the most appropriate strategy to protect the Bank’s exposure
• Actively engaging with borrowers, sponsors, financial creditors and other third parties
• Representing the bank on CoCom’s where appropriate
• Assessment, review and negotiation of waivers and lender consent requests
• Preparing high quality, concise credit papers and update memos
• Liaising with other risk functions within EMEA to support effective risk management
• Active involvement in relevant Watch Forums and Early Warning assessments
• Maintaining and enhancing good working relationships with stakeholders
• Providing guidance and direction to junior members of the Special Credits EMEA

WORK EXPERIENCE

Proven experience in financial restructuring/workout/recoveries gained across more than one credit cycle, likely in more than one institution. Experience includes:

• Being the lead representative in substantial financial restructuring/workout/recoveries transactions
• Engagement in financial restructuring across a wide range of industries and sectors
• Making balanced, timely and thoughtful recommendations and exercising delegated credit authority
• Assessment, review and negotiation of legal documentation

SKILLS AND EXPERIENCE

Functional/Technical Competencies:

• Extensive relevant product/industry experience with a deep area of credit specialism
• In-depth knowledge of credit and risk principles, products, legal documentation and insolvency frameworks
• Outstanding credit assessment and credit risk management skills
• Experience of engagement with key stakeholders on a cross-regional, cross-functional basis
• Coaching and mentoring skills

Masters Degree or equivalent, CFA qualification, recognized accountancy qualification, or recognized legal qualification is required. Excellent communication skills, results-driven approach, strong decision-making skills, and the ability to manage large workloads and tight deadlines are essential.