Loan Workout (Project Finance) -Associate

Join us on our mission to create a completely new, 100% digital bank that truly serves customers' best interests. We are a close-knit and fun-loving team of seasoned financial services professionals who came together for the challenge of building a bank from scratch - and we are committed to doing it all the right way (from technology infrastructure to modern marketing to customer experience).

We work with the flexibility and speed of a start-up. But we also have significant stability and capital from being part of the SMBC Group (Sumitomo Mitsui Banking Corporation). SMBC is the second largest bank in Japan and the 12th largest bank in the world with operations in over forty countries. And SMBC is committed to disrupting the US marketplace with ground-breaking products.

It is the best of both worlds, and we are seeking proven marketing leaders to propel us towards a national launch. We have both the ambitious growth plans and the 'patient capital' necessary to execute a multi-year plan. Join us on the journey to deliver an exciting concept of evolved banking.

Role Description

Establish procedures for monitoring assets pre-default by monitoring client payment histories and capacity-to-pay analysis. Create roadmap to reduce risk of default or to restructure ahead of default. Create a disciplined remedial management process to workout loans taking into account regulatory obligations. Create a set of procedures for every stage of the collection process.

Role Objectives: Delivery

Track / document client payment histories and update client financial analysis to assess capacity to pay. Compare asset values to collateral and loan covenants and flag potential problems. Compare payment histories and covenant breaches to specified trigger events and highlight exceptions. Compare workout results against established management processes. Compare targeted return levels against actual returns.

Role Objectives: Interpersonal

Develop relationships internally with other units such as traditional and consumer lending functions and other client-facing units to better understand the risks in their businesses, especially asset quality issues that may give rise to a workout situation. Develop relationships internally with other units, such as finance, compliance, legal and IT, to understand their particular concerns for any workout situation or asset disposal and to improve workflows. Begin to network within the industry through meetings, events and involvement with trade organizations to better understand emerging risk trends.

Role Objectives: Expertise

Demonstrate knowledge of credit and default risk and associated collateral management to help streamline workflows and assist in the design of relevant controls / thresholds and analytics to detect troubled assets early on. Have an understanding of risk frameworks, principles, types and exposures to help create meaningful reporting to detect troubled assets. Apply modeling and analytical skills to create meaningful measurement and reporting on key risk exposures. Demonstrate an understanding of information technology and project management in order to best partner with colleagues in data gathering and monitoring. Communicate analytical data effectively.

Qualifications and Skills

Recommended years of experience: 3

Additional Requirements

EOE STATEMENT
We are an equal employment opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, national origin, disability status, protected veteran status or any other characteristic protected by law.

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