Workout Officer Job at Natixis Corporate & Investment Banking, New York, NY

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  • Natixis Corporate & Investment Banking
  • New York, NY

Job Description

Main responsibility is to manage, in cooperation with the Business Lines and Credit Portfolio and Resource Management, distressed exposures of the bank with the view of maximizing recoveries and minimizing losses.

Requires interacting with borrowers / company executives, outside professionals (lawyers, financial advisors) and other financial institutions to evaluate workout situations and craft and deploy recovery strategies.

Work with business line units, risk/credit division, credit insurance and other departments in the bank to ensure proper account management, risk assessments and adequacy of provisions. Communicate impact of restructuring transactions to these units.

File presentations to Credit committees, Watch List Committees and senior bank executives on one on one basis also required.

  • Manage assigned portfolio of problem exposures to maximize recoveries and minimize losses.
  • Undertake financial analysis of obligors and counterparties, valuation of collateral and realization potential, strength of guarantees, to determine and assess recovery options. Advise on recovery strategies.
  • Track market prices of exposures for those that are quoted in the secondary market.
  • Report to group head on important file developments. Recommend and implement courses of action.
  • Provide written opinions on all files in portfolio that are rated Watch List and which require Risk/Credit approval for modifications, amendments, waivers or sale.
  • Attend Watch List and Credit Committees for exposures under management. Recommend provision levels on exposures with loss potential.
  • Prepare various required periodic reports, work with Finance on Loan Accounting matters for deals that are restructured or sold in secondary market.
  • Adhere to Compliance rules and complete required trainings in a timely manner.

Qualifications:

• University degree (Masters or Law degree preferred)

• Experience (5 years minimum) as a workout/restructuring or credit risk professional at a financial institution. Legal background in insolvency with similar length of experience also acceptable.

• Strong financial analysis skills. Thorough understanding of credit.

• Excellent presentation and strong writing skills required. Ability to verbally communicate in an effective manner both internally and externally very important.

• Comprehensive understanding of the essentials of insolvency law(s), creditor and debtor rights, litigation processes and lien law.

• Ability to navigate about, read and comprehend legal documentation.

• Experience as agent of transactions (viewed positively).

• Quantitative and computer skills.

Natixis is an equal opportunity employer, committed to a workplace free of discrimination. Natixis will not tolerate any form of discrimination based on age, color, mental or physical handicap or disability, pregnancy, marital status, sexual orientation, national origin, alienage, ancestry or citizenship status, race, religion, sex (including sex stereotyping, gender identity, gender expression or transgender status), veteran status, creed, genetic information or carrier status, or any other protected characteristic as established by law.

Respect for all means that we deal with each person as an individual and not as a member of any group. All qualified applicants will receive consideration for employment. Management is expected to provide leadership in supporting the firms EEO program by taking steps to promote EEO in all facets of employment including recruitment, hiring, retention, promotion, performance assessment, and career-development opportunities.

The salary range for this position will be between $180,000 - 210,000. Natixis is required by law to include a reasonable estimate of the compensation range for this role. Actual base salary will vary and will be based on several factors including, but not limited to, relevant experience, education, skills set, applicable licensure and certifications, and other business and organizational needs. Base salary is only one component of our total rewards package. Natixis also offers a generous benefits package, and you may be eligible for a discretionary incentive award depending on company and individual performance.

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