Vice President - Workout & Recovery Management - Bank - APAC Region

Job Opportunity with one of the leading MNC.

Please find the job description:

The Workout & Recovery Management (WRM) team manages distress names in workout for the Bank's corporate and investment banking portfolio. The APAC team manages the regional portfolio that covers NJA, Japan and Australia.

- The role faces the clients and external stakeholders and liaises with various internal stakeholders such as Workout Credit, CRM APAC, Business, Ops, Legal, Finance.

- The position is that of a senior member of the WRM team for the WRM APAC team.

Position Specific Responsibilities and Accountabilities: 

- Manage distress accounts in APAC in partnership with Business

- Monitor and analyse the Banks position in the distress assets and devise strategies to maximize recoveries and reduce credit losses

- Work with Workout Credit to manage workout names, assess Credit losses - LLPs, CVA and mark to marker positions.

- Managing and liaising with internal stakeholders on a regular/ daily basis (GTB, GCT, CPM, CPSG, STEF, Coverage, CRM, BRM, DB Legal, Finance, Loan Ops, Trade Ops, Group Tax, Compliance, WRM Credit International, AFC etc.) on a wide array of matters, predominantly on account strategy, proposing and driving recovery solutions.

- Liaising with external parties (borrowers, other creditors, law firms, restructuring advisory firms, liquidators) on workout cases

- Drive Restructuring negotiation, arranging/ attending creditors meetings/ calls, sourcing for distressed debt buyers, arranging beauty parades for selection of financial advisors, filing of legal claims, sourcing/ negotiating contracts /engaging consultants such as valuation firms and sector specialists etc. negotiating documentation

- Working together with Credit on Impairment/ provisioning assessments

- Quarterly Watchlist process: Prepare and update quarterly updates for Credit officers, Finalize RMA Transfer List, Preparation of one-pager for single name presentations.

- Handling queries from auditors (both internal and external).

- Monitoring/ solving data quality breaches, ETMM tickets.

People Management: 

The behaviours provided below should be adopted by all Deutsche Bank employees in relation to their development and management of others.

- Live DB values

- Ability to manage a dynamic portfolio and multiple stakeholders

- Attention to detail and manage work independently

Experience/ Exposure: 

 Consider the experience required in the following areas:

- Risk and Regulatory

- Business

- Leadership

- Credit Risk experience will be key

- Knowledge of Risk systems and processes will be beneficial

- Relevant work experience of 8-10Y

Education/ Qualifications - Credit Risk experience will be key