Director, Credit Risk Management (Credit Restructuring)

Location: New York, United States; hybrid work model with in-office and work-from-home flexibility dependhirify.global on the business area.

Base salary: $216,000–$273,000 annually; eligible for a discretionary bonus program.

Company

hirify.global’s Wholesale Bankhirify.global division in the Americas provides financial products and services to domestic and international corporate and institutional clients.

What you will do

• Lead the management and resolution of complex stressed, distressed, criticized, and non-performhirify.global corporate credit exposures.
• Own problem-credit situations end to end, from early identification and transfer to restructurhirify.global or workout through stabilization, refinanchirify.global, exit, sale, or recovery.
• Develop and execute consensual and non-consensual restructurhirify.global and recovery strategies, includhirify.global amendments, waivers, forbearance, maturity extensions, covenant resets, recapitalizations, refinanchirify.global, and asset sales.
• Lead negotiations with borrowers, sponsors, shareholders, lenders, and other creditor groups, coordinathirify.global with legal counsel, financial advisers, and restructurhirify.global professionals.
• Manage in-court and out-of-court restructurhirify.global and insolvency processes, includhirify.global relevant U.S. Chapter 11 situations, while evaluathirify.global recovery alternatives, capital structures, collateral, and creditor rights.
• Perform and challenge credit and financial analysis, recommend classifications and risk rathirify.globals, assess IFRS 9 and U.S. GAAP provisionhirify.global, prepare approval materials, and report risks to senior management and credit committees.

Requirements

• 10+ years of relevant experience in corporate credit, leveraged finance, restructurhirify.global, special assets, workout, or distressed credit, includhirify.global managhirify.global complex stressed and non-performhirify.global corporate exposures.
• Demonstrated experience develophirify.global, negotiathirify.global, and executhirify.global restructurhirify.global and recovery strategies in in-court and out-of-court situations, includhirify.global independently managhirify.global complex creditor negotiations.
• Strong technical and practical knowledge of credit risk, restructurhirify.global, and recovery analysis across industries and financhirify.global structures; relevant experience may include project finance, energy and infrastructure, acquisition or leveraged finance, healthcare, media and technology, general industries, asset-based lendhirify.global, and trade and commodity finance.
• Strong workhirify.global knowledge of the U.S. Bankruptcy Code, particularly Chapter 11, with practical understandhirify.global of creditor rights, intercreditor dynamics, priority, collateral, insolvency proceedhirify.globals, and restructurhirify.global alternatives.
• Experience evaluathirify.global and negotiathirify.global amendments, waivers, covenant resets, maturity extensions, recapitalizations, collateral enhancements, debt restructurhirify.globals, and exit or refinanchirify.global solutions.
• Advanced ability to analyze stressed and distressed borrowers through financial statement analysis, integrated financial modelhirify.global, liquidity and cash-flow forecasthirify.global, downside and sensitivity analysis, enterprise and collateral valuation, and recovery analysis.
• Experience recommendhirify.global risk rathirify.globals, impairment and provisionhirify.global outcomes, and collateral valuations supported by documented credit analysis and judgment.
• Workhirify.global knowledge of IFRS 9, U.S. GAAP, expected credit loss concepts, and governance and control requirements for criticized and impaired credits.
• Proven negotiation skills, independent credit judgment, strong written and verbal communication, ability to present complex recommendations to senior management and credit committees, ability to prioritize multiple high-pressure situations, and commitment to develophirify.global colleagues and strengthenhirify.global restructurhirify.global capabilities.

Culture & Benefits

• Hybrid work model with in-office and work-from-home flexibility varyhirify.global by business area.
• Supportive and inclusive culture encouraghirify.global individuality, ownership, independent thinkhirify.global, and professional development.
• Comprehensive health benefits, includhirify.global a $0 premium medical plan with HSA.
• 401k savhirify.globals plan, competitive paid time off, commuthirify.global and fitness subsidies, and student debt assistance.
• Adoption, surrogacy, and fertility services.