Recovery Management International Recovery Management International …

Credit Suisse
in New York, NY, United States
Permanent, Full time
Last application, 08 Jul 20
Credit Suisse
in New York, NY, United States
Permanent, Full time
Last application, 08 Jul 20
Credit Suisse
Recovery Management International
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.

Key Responsibilities include:

  • Documentation of status on portfolio credits
  • Reporting of exposures and portfolio data
  • Performing all administrative tasks associated with assets under management, including monthly reporting and ongoing regulatory project
  • Interface with internal & external clients and outside counsel/advisors on a daily basis
  • Execute ad-hoc projects for internal departments, as needed
  • Assisting the Senior Members of RMI with:
  • Monitoring of business and financial performance of the portfolio counterparties
  • Approving and executing amendments, waivers, consents and any other legal documents pertaining to the asset under management (both in bankruptcy and out-of-court restructuring scenarios)
  • Structuring, negotiating and executing DIP facilities for impaired counterparties
  • Analyzing, proposing, negotiating and executing sale of impaired assets
  • Analyzing, proposing provisions and charge-offs for accrual based assets
  • Proposing valuations for fair value based assets under the management of RMI
  • Negotiating settlement of litigations involving impaired assets

You Offer

  • 2 to 6 years of credit analysis and financial modeling experience at a large investment or commercial bank, Fund or Financial Advisor working in the United States
  • Excellent analytical skills
  • Highly organized with the ability to efficiently and accurately multi-task;
  • Excellent Project Management skills
  • Excellent oral and written communication skills;
  • Ability to work independently, in a team and be a relationship builder
  • Proficiency in Microsoft Office products and the ability to quickly learn other computer applications
  • The preferred candidate should minimally have an undergraduate degree (preferably in finance, accounting, or economics)

Credit Suisse is an equal opportunity employer. Welcoming diversity gives us a competitive advantage in the global marketplace and drives our success. Credit Suisse complies with applicable federal, state, and local laws prohibiting discrimination in employment in every jurisdiction in which it maintains facilities. Subject to applicable law and regulatory requirements, Credit Suisse complies with state and local laws regarding considering for employment qualified individuals with criminal histories.