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Head of Financial Restructuring and Recovery

At a glance

Guiding the FR&R department and managing FR&R customers, evaluating inherent risks and managing these accordingly for the development, maintenance and quality of the whole portfolio. To adhere to the FR&R policy, local regulations and legislation and client interests to optimise the profitability of the portfolio.

Your job

 

Personnel Management

Coaches and develops the team, as such that the full talent potential is being utilized. Manages the performance management and development cycle with employees and provides them with feedback/forward information on individual performance including appraisals. Recruit new staff.

Direct fte: 4-6

 

Management of all UK FR&R files

  • Visit UK customers with an increased risk profile.
  • Guiding and, if necessary, restructuring/unwinding exposures with an increased risk profile.
  • Assessing the collateral, legal and financial structure of relationships with an increased risk profile.
  • Develop restructuring proposals for customers where appropriate.
  • Drawing up treatment plans in compliance with legal provisions and relevant directives.
  • Present analysis to the FR&R Committee(s) and gives additional explanations or answers to the questions of the Committee members
  • Conducting negotiations with stakeholders about the measures to be taken.
  • Ensure the approval of treatment plans and/or restructuring proposals.
  • Ensure the implementation and monitoring of treatment plans/agreements.
  • Continuous responsibility for the management of all assigned customers.
  • Managing/coordinating internal and external advisors.
     
    Watch & Oversight
  • Develop and maintain a process to identify underperforming and increased risk customers in the portfolio to ensure that the appropriate customer classification between FR&R / Watch / Regular business can be maintained accurately.
     
    Technical skills:
  • Strong understanding of UK insolvency laws customs and practices.
  • Displays a high level of commercial acumen, and an awareness of the key drivers of corporate failure or underperformance
  • Proficient in detailed financial and commercial analysis and able to identify potential areas of sensitivity
  • Able to identify key issues on assignments and suggest workable solutions
  • Experienced in presenting findings clearly in reports and other deliverables to clients
  • Appreciation of the risks inherent in advising distressed businesses and their stakeholders.

 

Client responsibilities:

  • Prepares analysis and reports supporting the restructuring assignment as required to be delivered to customers and other parties
  • Develops and maintain productive working relationships with management and workforce of the target business as well as its stakeholders
  • Strong communication skills, building effective relationships at all levels

 

Knowledge and recommendations

  • Transfers knowledge to colleagues and, using his/her experience and vision of FR&R, advises them so that they can perform their duties more professionally.
  • Is responsible for building up knowledge of sectors, local markets and country risks.
  • Discusses outcomes of FR&R activity and learnings with the wider UK team.
  • Puts forward proposals to update and revise the FR&R & Credit policy.
  • Trains (new) colleagues.
Your working environment

ABN AMRO is a Dutch Bank offering a full range of services to retail, private, commercial and merchant banking clients. We are also active internationally in a number of specialist activities, such as Corporate and Commercial Banking, Asset Based Finance and Clearing.

 

The culture we aim for within the Bank is one in which we strive to strengthen our clients’ position. Our success is based on our  client’s success. We want clients to perceive us as a trusted partner, professional and ambitious - our core values.

 

At ABN AMRO UK we follow the Banks global strategy. We always aim to put our customers first and to create sustainable, long-term value for all our stakeholders – customers, shareholders, employees and society at large; it is our people that we rely on to help us achieve this ambition.

 

We concentrate on our strategic priorities:

 

  • Client focus
  • Invest in our future
  • Maintain a moderate risk profile
  • Selectively grow our businesses
  • Improve profitability

 

ABN AMRO UK is part of the Corporate Banking business line and operates the following businesses in the UK:

 

  • Corporate and Institutional Banking – which includes  Corporate Banking, Clearing Global Markets - Sales & Trading, Escrow & Settlement, and Financial Institutions
  • Commercial Banking which includes Asset Based Finance and International Desk, which provides transactional banking services
     

Our business lines are supported by a number of functions such as Risk, Compliance, Legal, IT, Finance (Including Tax), Business Management and Human Resources. We currently employ approx. 380 individuals in the UK.

 

Your profile
  • Knowledge of business economics (or other relevant expertise)  at master level.
  • Good first degree or equivalent work experience gathered within a FR&R function.
  • Experience in a similar position.
  • Relevant insolvency experience.
  • Proven financial industry working experience.
  • Knowledge of ABL market and products and activities.
  • Knowledge of Leasing market and products and activities.
  • Experience in structuring of deals.
  • Ability to interpret financial statements.
  • Advanced understanding of financial ratios and business values and strong analytical skills with an ability to question assumptions.
  • Advanced knowledge of credit analysis and lending/leasing functions.
  • Advanced knowledge of typical equipment finance and bank products and services.
  • Highly motivated and ambitious, with high energy levels and ability to prioritise and multi-task effectively.
  • Eagerness to learn and self-develop.
  • Motivated to find solutions and can-do mentality.
  • Good/strong Risk knowledge.
  • Ability to work under pressure and meet deadlines.
What we offer

Opportunity to work in a dynamic environment, where flexibility is highly appreciated. We encourage you to grow and develop as a person and as an employee.

Interested?

Are you interested?   Please apply via the button below.

 

For more information please contact Niki Champion, Senior Resourcing Partner, UKrecruitment@uk.abnamro.com, +44 203 192 9342.

Equal opportunities for all
The success of our organisation depends on the quality of our people and the ideas that they have. Truly surprising insights and innovative solutions for our clients result from an interplay of cultures, knowledge and experience. Diversity is therefore extremely important to our organisation. To ensure that everyone at ABN AMRO can develop their talents, we encourage an inclusive culture in which all colleagues feel engaged and appreciated.
Location: 

Haywards Heath, N/A, GB

Job Posting Date: 
Requisition ID:  36001

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