Director – Credit Workout & Restructuring

Bruin; New York (NY); Hybrid; USD 180,000 - 280,000; Full time

Job summary

Bruin, a global banking group, seeks a senior workout and restructuring professional to manage US credit exposures, oversee performing credits and lead restructuring strategies for stressed borrowers. The role combines bank risk and portfolio management with specialist US restructuring, including Chapter 11, in close collaboration with a UK-based team.

Based in New York with a hybrid arrangement (typically 3 days in the office), you will drive credit analysis, negotiate with stakeholders and

Qualifications

• Significant bank-side experience in credit workout and distressed lending.
• Strong knowledge of US restructuring processes, including Chapter 11 and insolvency frameworks.
• Proven credit analysis, financial assessment and recovery strategy experience.
• Experience negotiating with borrowers, creditors and external advisers in complex situations.

Responsibilities

• Manage and monitor US corporate and institutional credit exposures, identifying emerging risks and potential deterioration.
• Develop and execute workout, restructuring and recovery strategies to protect the Bank's position and maximise recoveries.
• Represent the Bank in creditor groups, lender syndicates and restructuring negotiations.
• Conduct detailed financial and credit analysis, assess recovery scenarios and contribute to impairment discussions.
• Work closely with UK-based colleagues, borrowers, legal counsel, financial advisers and other lenders.

Skills

Credit workout

Restructuring

Special assets

distressed lending

Chapter 11

Credit analysis

Recovery strategy

Negotiation

Stakeholder management

Leadership

Job description

An established international banking group is seeking a senior workout and restructuring professional to manage US credit exposures, oversee performing credits and lead restructuring strategies for stressed and distressed borrowers. The role combines bank-side credit risk and portfolio management with specialist US restructuring expertise, including Chapter 11, working closely with an established UK-based team.

Key Responsibilities

• Manage and monitor US corporate and institutional credit exposures, identifying emerging risks and potential deterioration.
• Develop and execute workout, restructuring and recovery strategies to protect the Bank's position and maximise recoveries.
• Represent the Bank in creditor groups, lender syndicates and restructuring negotiations.
• Conduct detailed financial and credit analysis, assess recovery scenarios and contribute to impairment discussions.
• Work closely with UK-based colleagues, borrowers, legal counsel, financial advisers and other lenders.

Skills & Experience Required

• Significant bank-side experience in credit workout, restructuring, special assets or distressed lending.
• Strong knowledge of US restructuring processes, particularly Chapter 11 and insolvency frameworks.
• Proven credit analysis, financial assessment and recovery strategy experience.
• Experience negotiating with borrowers, creditors and external advisers in complex situations.
• Strong stakeholder management, communication and influencing skills, with the credibility to operate independently at Director level.
• Project finance experience advantageous but not essential.

Location:

New York | Hybrid, typically 3 days per week in office