Head of Impaired Asset Management, Credit Risk Control
- Recruiter
- UBS
- Location
- New York, Stamford, United States - Connecticut, United States - New York
- Salary
- $200,000 to $275,000 based on experience, education and skill level of the candidate
- Posted
- 16 Nov 2022
- Closes
- 12 Dec 2022
- Ref
- 263209BR
- Approved employers
- Approved employer
- Job role
- Compliance/risk, Finance director
- Sector
- Accounting - Public practice
- Experience level
- Director
Your role
Do you enjoy sorting through time sensitive or complex issues to develop unique solutions? Are you looking to refine your problem-solving skills while working with distressed companies? Are you interested in leading a team and interfacing with senior decision makers across the firm?
We are looking for someone like this to:
- lead a team responsible for the development and execution of workout plans for a wide variety of distressed credit exposures in UBS Investment Bank's banking portfolio
- lead due diligence and fundamental credit analysis to formulate independent risk management recommendations to senior credit risk and front office management
- engage with internal and external stakeholders and advisors to protect UBS's balance sheet by achieving an optimal resolution for underperforming credit exposures
- negotiate, structure and execute restructuring and recapitalization transactions in a manner that is consistent with UBS's risk appetite and regulatory expectations
- closely monitor business, financial, and industry developments to maintain up-to-date risk ratings and portfolio outlooks
- develop and mentor junior talent and create a rewarding team culture.
Your team
The Impaired Asset Management (IAM) team is an independent function within Risk Control responsible for the risk management and resolution of distressed credit exposures arising in the Investment Bank's Global Banking portfolio, with a focus on leveraged finance transactions. Working closely with colleagues across the firm, the team develops and executes restructuring and recovery strategies for non-performing loans and identifies other monetization opportunities for underperforming exposures. The team monitors business, financial, and industry developments to assess performance and conduct fundamental credit and valuation analysis to guide recovery expectations and inform strategy. IAM has an important role in identifying and reporting credit losses in line with accounting standards and regulatory expectations. The team is located in UBS's New York office in the US and reports to the firm's Global Head of Commercial Lending Risk.
Diversity helps us grow, together. That's why we are committed to fostering and advancing diversity, equity, and inclusion. It strengthens our business and brings value to our clients.
Your expertise
Your experience and skills:
- 8+ years of experience in credit risk underwriting or portfolio management roles with at least 5+ years of restructuring / distressed experience
- solid grasp of underwriting concepts, financial statement analysis and enterprise valuation
- demonstrated ability to make and defend credit decisions under scrutiny from senior risk and front office management, internal auditors, and external regulators
- sound understanding of US regulatory expectations for the leveraged lending business and experience with the SNC review process a plus
- excellent analytical skills, verbal and written communication skills with a strong presence and ability to convey complex messages to varying audiences
- demonstrated track record of success leading and developing a team of junior and experienced professionals
- minimum of a bachelor's degree; MBA and/or CFA a plus
About us
UBS is the world's largest and only truly global wealth manager. We operate through four business divisions: Global Wealth Management, Personal & Corporate Banking, Asset Management and the Investment Bank. Our global reach and the breadth of our expertise set us apart from our competitors.
With more than 70,000 employees, we have a presence in all major financial centers in more than 50 countries. Do you want to be one of us?
Salary information
New York City based roles only - The salary range in NYC for this role will be $200,000 to $275,000 based on experience, education and skill level of the candidate. The role may be eligible for discretionary annual incentive compensation.
Join us
At UBS, we embrace flexible ways of working when the role permits. We offer different working arrangements like part-time, job-sharing and hybrid (office and home) working. Our purpose-led culture and global infrastructure help us connect, collaborate, and work together in agile ways to meet all our business needs.
From gaining new experiences in different roles to acquiring fresh knowledge and skills, we know that great work is never done alone. We know that it's our people, with their unique backgrounds, skills, experience levels and interests, who drive our ongoing success. Together we're more than ourselves. Ready to be part of #teamUBS and make an impact?
Disclaimer / Policy Statements
UBS is an Equal Opportunity Employer. We respect and seek to empower each individual and support the diverse cultures, perspectives, skills and experiences within our workforce.
Do you enjoy sorting through time sensitive or complex issues to develop unique solutions? Are you looking to refine your problem-solving skills while working with distressed companies? Are you interested in leading a team and interfacing with senior decision makers across the firm?
We are looking for someone like this to:
- lead a team responsible for the development and execution of workout plans for a wide variety of distressed credit exposures in UBS Investment Bank's banking portfolio
- lead due diligence and fundamental credit analysis to formulate independent risk management recommendations to senior credit risk and front office management
- engage with internal and external stakeholders and advisors to protect UBS's balance sheet by achieving an optimal resolution for underperforming credit exposures
- negotiate, structure and execute restructuring and recapitalization transactions in a manner that is consistent with UBS's risk appetite and regulatory expectations
- closely monitor business, financial, and industry developments to maintain up-to-date risk ratings and portfolio outlooks
- develop and mentor junior talent and create a rewarding team culture.
Your team
The Impaired Asset Management (IAM) team is an independent function within Risk Control responsible for the risk management and resolution of distressed credit exposures arising in the Investment Bank's Global Banking portfolio, with a focus on leveraged finance transactions. Working closely with colleagues across the firm, the team develops and executes restructuring and recovery strategies for non-performing loans and identifies other monetization opportunities for underperforming exposures. The team monitors business, financial, and industry developments to assess performance and conduct fundamental credit and valuation analysis to guide recovery expectations and inform strategy. IAM has an important role in identifying and reporting credit losses in line with accounting standards and regulatory expectations. The team is located in UBS's New York office in the US and reports to the firm's Global Head of Commercial Lending Risk.
Diversity helps us grow, together. That's why we are committed to fostering and advancing diversity, equity, and inclusion. It strengthens our business and brings value to our clients.
Your expertise
Your experience and skills:
- 8+ years of experience in credit risk underwriting or portfolio management roles with at least 5+ years of restructuring / distressed experience
- solid grasp of underwriting concepts, financial statement analysis and enterprise valuation
- demonstrated ability to make and defend credit decisions under scrutiny from senior risk and front office management, internal auditors, and external regulators
- sound understanding of US regulatory expectations for the leveraged lending business and experience with the SNC review process a plus
- excellent analytical skills, verbal and written communication skills with a strong presence and ability to convey complex messages to varying audiences
- demonstrated track record of success leading and developing a team of junior and experienced professionals
- minimum of a bachelor's degree; MBA and/or CFA a plus
About us
UBS is the world's largest and only truly global wealth manager. We operate through four business divisions: Global Wealth Management, Personal & Corporate Banking, Asset Management and the Investment Bank. Our global reach and the breadth of our expertise set us apart from our competitors.
With more than 70,000 employees, we have a presence in all major financial centers in more than 50 countries. Do you want to be one of us?
Salary information
New York City based roles only - The salary range in NYC for this role will be $200,000 to $275,000 based on experience, education and skill level of the candidate. The role may be eligible for discretionary annual incentive compensation.
Join us
At UBS, we embrace flexible ways of working when the role permits. We offer different working arrangements like part-time, job-sharing and hybrid (office and home) working. Our purpose-led culture and global infrastructure help us connect, collaborate, and work together in agile ways to meet all our business needs.
From gaining new experiences in different roles to acquiring fresh knowledge and skills, we know that great work is never done alone. We know that it's our people, with their unique backgrounds, skills, experience levels and interests, who drive our ongoing success. Together we're more than ourselves. Ready to be part of #teamUBS and make an impact?
Disclaimer / Policy Statements
UBS is an Equal Opportunity Employer. We respect and seek to empower each individual and support the diverse cultures, perspectives, skills and experiences within our workforce.