Banker, Institutional Remedial Management, APAC
Institutional Remedial Management (“IRM”) is a team that specialises in the risk management of the ICG classified portfolio. The exposures we manage typically exhibit a heightened probability of default at varying stages of stress or distress. IRM work involves collaborating with Business and Risk partners to formulate and execute strategies that maximise the value of the IRM portfolio, balancing risk, returns and recovery appropriately. For early-stage (SM) names, we undertake a diagnostic assessment of risks and provide recommendations for subsequent risk management. For portfolio management of the classified portfolio, we ensure that our exposure is appropriately tailored to the bank’s risk appetite. Depending on where we are in the credit cycle, a proportion of these names become live restructuring situations. For these, we work directly with troubled clients to develop solutions in conjunction with other creditors, equity- holders, financial and legal advisers as applicable. Transactions such as these can occur through consensual solutions that can take anywhere between 2 and 24 months or through court-administered processes.
The IRM Banker is responsible for the day-to-day management of the portfolio, working on each case with the APAC team. This includes:
- For Special Mention names, completion of diagnostic assessments to determine appropriate classification and agree triggers
- For the Classified portfolio, risk management of the classified portfolio including monitoring performance of assigned accounts and forecasting exposures for capital and asset quality purposes
- For new deals or live restructurings:
- Assessment of financial and operating performance to evaluate weaknesses and potential for turnaround
- Assessment of target capital structure, debt capacity and appropriate liquidity requirements
- Development of restructuring strategy in co-ordination with IRM Senior
- Strategy execution, through influence and negotiation, with a restructuring group comprised of lawyers, financial advisers, other banks and creditors, occasionally as part of a creditors' committee
- Effective communication with the obligor and all relevant stakeholders to ensure understanding of the problems and potential solutions (including fresh equity, disposals, refinancing or restructuring)
- Determination of suitable risk defeasance strategies.
Throughout it is important there is partnership and collaboration with internal stakeholders in Risk and Business as well as appropriate escalation and communication with Senior Management. IRM is also responsible for accurately classifying, risk-rating and valuing the classified portfolio for reporting and regulatory purposes. Reporting requirements also include writing weekly updates (Weeklies) and Classified Credit Reviews (CCRs) and forecasting information for the High Risk Book and Risks & Opportunities reporting decks. The IRM Banker has responsibilities to work with and improve policies and procedures that govern IRM’s responsibilities as well as working on regional and global IRM initiatives that improve efficiency. The IRM Banker has a responsibility to partner with the IRM Analytics Team, in modelling and assessing companies' financial position, valuation and classification.
- Comply with the ethical standards contained in the Code of Conduct.
- Adhere to firm policies and procedures, regulatory and legislative requirements.
KEY EXPERIENCE / SKILLS
- Specific Risk Experience
- Advanced experience in fundamental credit and market risk diagnostic techniques
- Proven ability to apply risk management skills to a wide range of banking activities across a wide range of sectors
- Experience of debt structuring and credit approval
- Ability to demonstrate project management and execution skills, ideally including credit documentation, ISDA/markets documentation and working with external counsel
- Experience of handling or interacting with stressed or distressed counterparties, and/or an understanding of how credit and market risk manifest in a downside scenario is an advantage
- Skills required:
- Leadership skills
- Effective negotiating skills, particularly in respect to bank debt documentation
- Strong team-player with excellent interpersonal skills including demonstrated ability to deal with confrontation and influence corporate management teams, creditors and other stakeholders
- A proven problem-solver, having demonstrated an ability to apply skillsets to bespoke situations pro-actively
- Ability to sift through complexity and articulate issues clearly
- Expertise in financial modelling including a range of valuation techniques
- Excellent written and verbal communication skills including demonstrated experience working with others in different time zones/ regions
- Personal integrity
- Exceptional candidates who do not meet these criteria may be considered for the role provided they have the necessary skills and experience.
- Masters and Bachelor’s degree or equivalent in relevant field
- Senior Credit Officer (SCO designation) or with expectation to gain designation in short-term
Job Family Group:Risk Management
Job Family:Remedial Management
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