Associate Director, Stressed Assets Group

Job Responsibilities

• Responsible for developing clear milestones against which the progress of Stressed Asset Group’s mandate execution and stressed account resolutions can be measured.
• Compile and justify impairment forecasts based on balanced judgement on commercial parameters and external environment.
• Help drive financial performance against targets including meeting long term economic risk return (RoRWA/ RoTE) goals and RWA targets for CIB.
• Help improve efficiency, speed, and productivity of capital for stressed asset portfolio and for broader CIB balance sheet.
• Support & manage CPM and SAG processes allocated by the Group process universe in line with the ORF and their associated risks, including activities within the processes which are hubbed / outsourced.
• Execute and implement policies & control standards set by risk control owners and policy owners where appropriate.
• Ensure compliance and always operate within risk tolerance and risk appetite. Contribute to adequacy and effectiveness of MIS systems, controls and procedures relating to Stressed Assets Group and CPM at large, that they are regularly and independently tested, assessed and improved in a timely manner.
• Ensure there is a framework for effective management of operational risks within Stressed Asset Group and compliance with applicable internal policies, and external laws and regulations.
• Lead by example and build appropriate culture and values. Set appropriate tone and expectations for Stressed Assets Group mandate and collaborate constructively with risk and control partners to deliver such mandate.
• Provide effective support to the business, communicate vision and build commitment to focus on key priorities.
• Ensure compliance with the highest standards of regulatory conduct and compliance standards and practices as defined by internal and external requirements. This includes compliance with anti-money laundering regulations and guidelines.
• Ensure any audit and compliance issues relating to the Stressed Assets Group business are resolved in a timely manner.

Job Requirements

• Graduate qualifications (or conversions): Postgraduate qualifications such as MBA, CFA, Chartered Accountancy, Mathematics/ Statistics, Qualified Lawyer
• About 8-10 years of relevant experience in the banking and financial services industry with hands on experience of underwriting, managing, and recovering credit exposures across both developing and developed jurisdictions, with sound knowledge of risks involved in lending; particularly corporate lending.
• Extensive knowledge of fundamental drivers of credit risk, documentary and legal risks, portfolio, and balance sheet management; including market and regulatory dynamics.
• Experience in structuring credit risk products, restructuring of credit exposures, asset distribution, and exposure to credit derivatives and asset securitization.
• Strong negotiation, leadership, managerial and organizational skills to manage accounts on pre-agreed strategy and commercial parameters.