VP, Distressed Asset Credit Risk

The role overseas the Hong Kong country distressed credit risk, working closely with the frontline, risk management, middle office and other stakeholders across the region to maximise recoveries.

Responsibilities:
- Assist with the formulation and execution of recovery and restructuring strategies for stressed and distressed assets.
- Lead syndicates of banks, advisors and internal stakeholders through complex negotiations for the implementation of restructuring solutions for the bank’s stressed and distressed credits.
- Develop the regional credit management framework to systemise the use of options analyses and valuations to proactively manage the problem assets and credit workout
- Input and evaluate the adequacy and effectiveness of credit policies, procedures, processes; internal training and competencies of relationship managers in ensuring an efficient and proactive professional problem loan collection effort.
- Develop and maintain strong stakeholder management with key stakeholders
- Develop and maintain strong relationship with regulators, when required
- Monitor and advise Management on the impacts of economic and regulatory changesPeople:
- Ensure compliance with relevant regulations and limits
- Maintain good working knowledge of global and regional industry trends, products, relevant laws and regulations

Requirements:
- University degree or above
- 10-12 years of relevant experience in stressed and distressed credit risk management and restructuring
Candidates with prior experience in front office either managing credit workout or corporate finance and/or with advanced loan and deal structuring and negotiation skills would be advantageous
- Strong stakeholder management skills to collaborate with other divisions/departments including across geographical locations
- Work out experience through one to two economic downturn cycles together with prior experience in financial analysis and modelling
- Cross functional understanding of risk and controls
- Excellent communication skills
- Strong understanding of the global banking regulatory environment