Vice President – Stressed Assets Management & Valuation – Wholesale Banking

Black Turtle; Mumbai; On-site; INR 2,500,000 - 3,500,000; Full time

Job summary

A leading financial institution in Mumbai is looking for an experienced VP to lead a team focused on credit risk and distressed assets. The role involves managing a team, supporting governance, and driving change initiatives. Ideal candidates will possess strong leadership skills, valuation expertise, and a good understanding of IFRS regulations. This position offers a challenging opportunity in a pivotal role to minimize losses on troubled loans.

Qualifications

• Extensive experience in managing a team of 10+ individuals.
• Expertise in valuing distressed businesses/assets.
• Solid understanding of IFRS9 regulations and Default Definitions.

Responsibilities

• Manage a team to minimize bank losses on troubled loans.
• Oversee impairment, governance, and case management activities.
• Support personal development ambitions of team members.

Skills

Leadership skills

Valuation expertise

Stakeholder management

Oral and written presentation skills

Tools

MS Office

Job description

– Stressed account mgt, case mgt of stressed accounts

– Wholesale Credit Risk

– Well versed with valuations , debt re-structuring, company specific valuation

– IFRS, aware about new accounting standards

– Team management experience (should have handled 10-15people minimum)

– This is a leadership role for an experienced VP based in Mumbai to manage a team of individuals who perform impairment, governance, and case management activities

– The team’s overall objective is to minimize the bank’s losses on troubled loans by actively working to restructure, recover, or dispose of delinquent or non-performing loans, they are the bank’s financial detective, uncovering the reasons behind loan defaults, negotiating repayment plans, and implementing solutions to maximize recoveries.

– Our Mumbai based colleagues play a pivotal role in achieving this objective by undertaking various oversight and controls activities, managing key regulatory driven deliverables, and supporting the management of cases, including certain aspects of credit analysis.

– Working closely with local management and with the London based head of the Impairment, Oversight & Controls team, this is a great opportunity to demonstrate an ability to lead a team with multiple responsibilities and time-bound deliverables and also to play a part in expanding the remit of the team to support with credit analysis and valuation work.

– The successful candidate will be responsible for supporting the team to manage activities in an efficient and effective way, for supporting the personal development ambitions of team members and for representing the team Globally in interactions with internal stakeholders.

– The candidate will also be required to bring SME knowledge of valuing distressed businesses and assets to support in building out this activity.

To be successful as VP , you should have extensive experience with:

– Established leadership skills and a solid foundation in people management with a proven track record of successfully managing a team of 10+ individuals.

– Valuation work expertise, with a focus on distressed businesses/assets and strong stakeholder management skills and an ability to manage stakeholders in multiple jurisdictions.

– Excellent oral and written presentation skills and proficient use of MS-office tools.

– A good holistic understanding of controls and governance and the importance of operating within agreed frameworks.

– A keenness to look for ways to improve the efficiency/effectiveness of tasks and an ability to drive change when required and ability to challenge in the right way and speak up to drive the right outcomes.

Some other highly valued skills may include:

– Prior experience of working in a team that manages troubled loans.

– An understanding of IFRS9 and Definition of Default Regulations.

– Experience of analysing and reviewing data and drawing conclusions.

– Knowledge of Leveraged Lending credit skills.