Senior Credit Specialist Recovery
Credit Suisse is a leading global wealth manager with strong investment banking capabilities. Headquartered in Zurich, Switzerland, we have a global reach with operations in about 50 countries and employ more than 45,000 people from over 150 different nations. Embodying entrepreneurial spirit, Credit Suisse delivers holistic financial solutions to our clients, including innovative products and specially tailored advice. Striving for quality and excellence in our work, we recognize and reward extraordinary performance among our employees, provide wide-ranging training and development opportunities, and benefit from a diverse range of perspectives to create value for our clients, shareholders and communities. We are Credit Suisse. 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.
We are a department which values Diversity and Inclusion (D&I) and is committed to realizing the firm's D&I ambition which is an integral part of our global Conduct and Ethics Standards
Key Responsibilities include:
- Engaging with internal business partners including senior management and external parties such as clients, legal and financial advisors, to drive recovery strategies
- Monitoring of business and financial performance of the debtors
- Structuring, negotiating and executing DIP facilities for impaired counterparties
- Approving and dedicated to executing amendments, waivers, consents and any other legal documents pertaining to the asset under management
- Proposing, negotiating and executing sale of impaired assets
- Proposing provisions/charge-offs for accrual based assets and valuations of fair value assets under the management of RMI
- Initiating litigation filings against debtors/guarantors in order to achieve maximum recovery
- Performing all administrative tasks associated with the impaired assets portfolio
- Understand the value of diversity in the workplace and are dedicated to fostering an inclusive culture in all aspects of working life so that people from all backgrounds receive equal treatment, realize their full potential and can bring their full, authentic selves to work. This should be further elaborated on in your application.
- Undergraduate degree (preferably in finance, accounting, or economics) or CFA
- 9 to 12 years of restructuring experience at a large investment, commercial bank or Financial Advisor specialised in corporate recovery or insolvency advisory in the Asia Pacific region, solid experience of working in challenging jurisdictions such as Indonesia, China, India and Australia.
- Deep industry contacts with Financial Advisors, law firms as well as other banks and funds within the APAC region
- Excellent analytical, problem solving skills and financial modelling capability
- Highly organized with the ability to efficiently and accurately multi-task and the ability to work independently, in a team and be a relationship builder
- Outstanding negotiating, influencing, written and verbal communication skills
Credit Suisse is an equal opportunity employer. Welcoming diversity gives us a competitive advantage in the global marketplace and drives our success.