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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.
Job Responsibility:
Minimise the bank’s losses on trouble loans by actively working to restructure, recover, or dispose of delinquent or non-performing loans, and implementing solutions to maximise recoveries
Lead out independently (devising & executing strategies) and exercises sound commercial judgement, balanced with the appropriate amount of escalation at the right time to ensure support from senior management
Establish themselves as a valued partner with banking and risk colleagues leveraging, in particular, but not exclusively, Leveraged Finance background
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
Requirements:
Significant experience in restructuring and workout across a broad range of sectors in various European jurisdictions (with a focus on large corporate, leveraged finance, sponsor and / or complex restructurings)
Track record of developing effective restructuring strategies and influencing other stakeholders to successfully execute / implement these
Track record of problem solving while navigating uncertainty and changing circumstances, requiring flexibility and the ability to adapt to new situations
Excellent communication, negotiation, and influencing skills - with proven capacity to build relationships, work and network successfully with existing and prospective clients (Private Equity firms / senior management), third party business influencers & advisors, as well as key internal stakeholders