Director, Loan Workouts

Manage and optimize distressed loan portfolios, driving financial recovery through strategic workouts and restructuring. Contribute to the bank's success by applying expertise in credit analysis, negotiation, and problem-solving to achieve favorable outcomes.

Client Details

International Corporate & Invsetment Bank located in Midtown, New York.

Description

• Maximize recovery and minimize losses on problematic assets in accordance with the bank's policies, primarily focusing on debtor risk and counterparty credit risk.

• Collaborate with legal counsel to manage litigation risks, aiming to reduce reputational and financial impacts.

• Handle problem asset strategies, workout negotiations, restructuring, and exit strategies, including regular assessments of collateral values, enterprise valuations, and monitoring distressed debt markets.

• Partner with the First Line of Defense to provide strategic advice on recovery and restructuring of exposures.

• Collaborate with the First Line of Defense to develop and implement strategies to maximize recoveries and lead cohesive approaches.

• Manage complex counterparty situations, lender groups, and bilateral transactions in coordination with the First Line of Defense.

• Coordinate with internal/external counsel, financial advisors, technical advisors, and creditors to develop cohesive strategies.

• Ensure due diligence and sound judgment are exercised, and appropriate processes and controls are initiated to manage workout activities effectively.

• Analyze and evaluate the need for provisions on assigned counterparties at least annually or as needed based on valuation changes. Propose and substantiate recovery analyses for provisioning systems.

• Oversee, as the Second Line of Defense, a portfolio of Substandard Accrual exposures, conducting risk reviews and contributing workout expertise for early intervention on problem assets.

• Ensure LGDs, ratings, and classifications are accurate and reflect current risk profiles according to regulatory and bank policies.

• Communicate effectively with external agents, participants, counsel, financial advisors, clients, and internally with peers and senior management.

• Manage external advisors to execute on work scope and strategies effectively.

• Ensure timely communication and coordination of workout activities internally.

• Support and back up team members as part of an integrated team.

• Participate in the development of default management and credit policies, procedures, documentation, reporting standards, system requirements, and training programs. Continuously review processes for automation and other streamlining methods.

• Respond to information requests from the Group Head, senior management, regulators, and auditors.

• Participate in internal and external audits and regulatory exams as directed.

• Elevate compliance-related issues promptly.

• Maintain knowledge of regulatory, accounting, and industry developments through training, research, contacts, and industry group participation.

• Prepare closing memos with 'lessons learned' upon completion of workouts and present best practices to management and colleagues.

• Act as a center of excellence and advisory resource on problem asset issues.

• Participate in committees as required by the Group Head.

• Work on special projects as assigned.

Profile

• Experience: Over 10 years in a major US or international bank, with at least 5 years in credit analysis and working with clients and bank groups. Minimum 5 years of workout/restructuring experience with counterparties and creditors.

• Skills: Strong credit skills, experience with loan documentation, negotiation of workouts and credit agreements, and knowledge of US GAAP for impaired assets. Familiarity with financial markets products, US Bankruptcy Code, regulatory guidelines, and internal policies.

• Abilities: Effective communication with senior audiences, management of distressed assets, leadership in bank groups and steering committees, and experience with debtors, lenders, and creditors in bankruptcy and restructuring. Proficiency in FRB regulations and problem asset management best practices.

• Education: BA or BS degree. CFA, MBA, or JD is nice to have,

Job Offer

The typical base pay range for this role is between $175,000 - $325,000.

MPI does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity or expression, national origin, age, disability, veteran status, marital status, or based on an individual's status in any group or class protected by applicable federal, state or local law. MPI encourages applications from minorities, women, the disabled, protected veterans and all other qualified applicants.