Special Credits EMEA

Special Credits EMEA is responsible for corporate banking and structured finance credit for Corporates, FIs, and Sovereigns. Its major functions are outlined as follows:

• Management of problematic assets
• Analysing, approving, sanctioning, and monitoring the credit quality of corporate credit risks and related risks;
• Analysing, approving, sanctioning, and monitoring the credit quality of but not limited to Corporate, Leveraged Finance, Project Finance, Structured Trade Finance, Aircraft Finance, Asset-backed Finance (Securitisation and Sponsor back-leverage products), Financial Institutions, and Sovereigns
• Monitoring, reporting, and early action
• Portfolio analysis and management

The London Credit team is responsible for the EMEA region and we work closely with other regions, Group entities, and subsidiaries within the region, to ensure global consistency in credit management.

Main Purpose of the Role

• To be responsible for the effective management of a portfolio of distressed and problem assets where we may have exposures across different layers in the capital structure, in different products, and in various industries/sectors and jurisdictions across EMEA
• To optimize the credit costs, and recoveries on problem assets in EMEA
• To make balanced, timely, and thoughtful recommendations and credit decisions on behalf of EMEA and exercise delegated credit authority appropriately
• To support in the strengthening and developing of the risk appetite portfolio monitoring, and early warning frameworks in line with internal policies and senior management and regulatory expectations
• To maintain a broad network of relevant external stakeholders in the recoveries / workout space in other banks, advisors, law firms, etc., to ensure that the bank remains at the leading edge of market practice / information

Key Responsibilities

• Responsible for developing and assessing action plans and workout strategies under the various restructuring options and providing periodic updates to senior management. Provide recommendations on the most appropriate strategy, supported by relevant options analysis, to protect the Bank’s exposure
• Workout / recoveries credit counterpart to front-line leadership, coverage bankers, and credit managers, and applicable product origination and distribution businesses, and support the second-line credit officers on deteriorating names, as appropriate. Where appropriate, advise and provide consultation to the other risk functions, first line of defence, and other colleagues in relation to restructuring matters.
• Actively engage with borrowers, sponsors, financial creditors, and other third parties (including financial advisors and external legal counsel) as appropriate, and active involvement in the negotiation of terms and structures in order to manage, workout, and restructure the problem assets with the aim to enhance the Bank’s position and maximize the recovery of problem loans.
  • Represent the bank on CoCom’s where appropriate
• Assessment, review, and negotiation of waivers, lender consent requests, and restructuring/amendment legal documentation
• Undertake directly or oversee VP’s work in preparing high-quality, concise credit papers and update memos which clearly present the current situation, options analysis, and strategy recommendation
• Make balanced, timely, and thoughtful recommendations and credit decisions on behalf of EMEA and exercise delegated credit authority appropriately
• Presentation of, and timely communications to relevant internal forums and committees and to senior management
• Liaise with other risk functions within EMEA to support effective risk management of the region’s overall credit risk and ensure the early identification of deteriorating situations and distressed assets. Active involvement in relevant Watch Forums and Early Warning assessments.
• Responsible for representing Special Credits EMEA at internal forums within the regions and globally.
• In line with risk culture: take accountability for identifying and mitigating risk; actively managing risk within the department; remaining curious by taking proactive ownership; role modelling the risk partnership with colleagues and being willing to challenge existing practice and be proactive and positive to change
• Active involvement in strengthening and developing the problem asset framework
• Maintain and enhance good working relationships with stakeholders across the region and globally to share best practices, provide support, and develop effective local policies and procedures.
• Complete other related duties and participate in special projects, forecasting, and reporting, as needed.
• Provide guidance and direction to the junior members of the Special Credits EMEA and assist in their development.
• Act consistently and adhere with the Bank’s regulatory and compliance responsibilities and fully comply with relevant policies and procedures, especially in relation to problem assets and credit cost planning. Identify risk-related issues needing escalation to management