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Vice President - Recovery Management International

Employer
Credit Suisse
Location
New York, USA
Salary
Competitive
Closing date
Feb 6, 2020

View more

Job Function
Risk Management
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
We Offer
Recovery Management International (RMI) is a team within Credit Risk Management and is responsible for the management of all non-Swiss assets that are classified as impaired or flagged for surveillance. The objective of RMI is to maximize recovery, minimize legal risks associated with positions that are under its management, and minimize reputational risk to the Firm.

Key Responsibilities Include:

  • Monitoring of business and financial performance of the portfolio counterparties
  • Structuring, negotiating and executing DIP facilities for impaired counterparties
  • Structuring and Executing amendments, waivers, consents and any other legal documents pertaining to the asset under management (both in bankruptcy and out-of-court restructuring scenarios)
  • Performing all administrative tasks associated with the assets under management
  • Proposing, negotiating and executing sale of impaired assets
  • Proposing provisions and charge-offs for accrual based assets
  • Proposing valuations/marks for fair value based assets under the management of RMI
  • Negotiating settlement of litigations involving impaired assets
  • Work with senior management, internal & external clients and outside counsel/advisors daily.
  • Mentor and develop junior staff on an ongoing basis


Credit Suisse maintains a Working Flexibility Policy, subject to the terms as set forth in the Credit Suisse United States Employment Handbook.

You Offer

Qualifications:

  • 7 to 10 years of North America corporate restructuring experience at a large investment or commercial bank, Fund or Financial Advisor working in the United States
  • Proven experience acting in Agent Roles leading sophisticated lending groups in syndicated bank loans
  • Industry contacts with Financial Advisors, law firms as well as other banks and funds
  • Excellent analytical and financial modeling skills
  • Highly organized with the ability to efficiently and accurately multi-task;
  • Excellent Project Management skills
  • Excellent negotiating and influencing skills
  • Excellent oral and written communication skills;
  • Ability to work independently, in a team and be a relationship builder
  • Proficiency in Microsoft Office products and the aptitude to quickly learn other computer applications
  • The preferred candidate should minimally have an undergraduate degree (preferably in finance, accounting, or economics), MBA, or CFA
  • Good understanding of U.S. bankruptcy law

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