Vice President - Distressed Assets
Groupe Crédit Agricole
Job description
General Description
The Vice President will be responsible for directly managing or supporting Senior Recovery Managers in the management of Distressed Assets assignments in the Americas. The role offers great exposure to a variety of transactions (various Product lines/instruments, industries (Real Estate, Energy/Power / Project Finance, Corporate, Trade Finance, GMD products) and geography (USA, Canada, Latam) depending of the files assignments.
The individual will be responsible for a) directly managing simple, non-agented stressed / distressed files and b) assisting Senior Recovery Managers for most complex files on all aspects of Distressed Assets assignments including but not limited to the preparation of credit papers and periodic reviews (SAR), the financial (including modelling) and legal analysis, the structuring and day-to-day transaction management as well as liaising with internal departments (originating Business Lines, RPC, LGL, CPL, FIN/TAX as required) and participating in negotiations with borrowers and other lenders.
The individual should be autonomous, curious and detail-oriented with strong credit skills and an ability to switch from one assignment to another.
Key Responsibilities:
Manage assigned stressed / distressed cases and assist senior Recovery Managers in the management of more complex stressed and distressed assets, including loans, trades and other investments, on both Syndicated participations and Agented transactions, with the goal of maximizing recoveries, minimizing losses and mitigating risk to the Bank. This includes:
- Analyze the problem situation, assess all legal and financial options, including in preparing financial models and running valuations, and devise suitable recovery strategies (in close coordination with the Senior Recovery Manager as the case may be) and if necessary external advisors (legal, financial, technical),
- Participate in deal teams (including originating Business lines, RPC (NY and ASD), LGL and others) in the structuration, negotiation and implementation of restructurings both in and out of court, in the Americas,
- Propose appropriate action plans, prepare credit papers and requests for loan restructurings and amendments to obtain requisite approval,
- Autonomously prepare periodic reports (Early Birds, Initial Risk Reviews, SARs, Annual reviews, etc.), monitor files from performances and risk, make recommendations for rating changes and reserves and manage Bank systems as required to adequately reflect decisions made (amongst others DIAMS, CSD, Anomaly Workflow, Phidias, Eurecca, Anadefi, …)
Salary Range: $160k-$200k
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