Job Description

Global Foreign Investment Bank is looking for a director-level Workout Officer to join their Asset Restructuring & Recovery Management Group which manages all defaulted and sensitive/credit watch list exposures. The team works in partnership with client-facing teams to develop and execute optimum recovery strategies on all problem assets in the Americas. The team is responsible for developing valuation analysis and determining all regulatory classifications for impaired assets.

SKILLS AND QUALIFICATIONS:

Must Have:

• 10 + years of experience working for a major US or international bank
• 5+ years of experience performing credit analysis;
• 5 + years of experience working with clients and bank groups; and
• Minimum 5 years of workout/restructuring experience including working with counterparties and creditors on negotiating/enforcing on loan and trading products
• Strong credit skills
• Deep experience with loan documentation
• Background in negotiating workouts, restructurings, and/or credit agreements
• Knowledge of US GAAP related to impaired assets
• Strong working knowledge of financial markets products
• Deliver as a team player in a fast-paced environment
• Strong communication skills (written and oral)
• Ability to communicate messages effectively and succinctly to senior audiences
• Strong working knowledge of the US Bankruptcy Code
• Strong working knowledge of US regulatory guidelines and internal policies
• Experience managing distressed assets, including, but not limited to, the following risks: debtor, counterparty credit, and clearing. Experience leading bank groups as an agent and steering committees
• Experience working with debtors, lenders, and other creditors in bankruptcy, restructuring, and foreclosure
• Familiarity and proficiency on FRB regulations including those related to criticized and classified assets; leveraged lending; and best practices in problem asset management.
• BA or BS

Nice to Have:

• Knowledge of European Central Bank regulations for problem assets.
• Familiarity and proficiency managing commodity borrowing base transactions and clearing exposures.
• Working knowledge of International Accounting Standard related to impaired assets.
• CFA, MBA, or JD
• Formal Bank Credit Training Program
• French
• Spanish
• Portuguese

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