What you will do
We are looking for a Director of Recoveries for our Real Estate Finance business to take ownership of the business’ approach to higher risk and non-performing exposures in the portfolio. This role entails the development and implementation of a robust governance framework for higher risk exposures – including any relevant policies, procedures, committees, terms of reference, etc. as well as hands-on management of specific exposures that require more intensive monitoring and support.
This is a key role for the business, with responsibility not only for mitigating any potential losses from individual exposures, but also for ensuring that the relevant infrastructure is in place for REF to manage its non-performing portfolio effectively in the future.
- Develop and implement a robust governance framework for managing distressed/non-performing exposures, encompassing, where relevant: Policies, Procedures (including any relevant templates), Terms of Reference for any new/amended committees and all relevant reporting requirements;
- Own the debt recovery process for all defaulted cases, and manage the relationships with all key internal and external stakeholders, including clients, guarantors, industry professionals, and risk committee;
- Assume primary responsibility for the hands-on management of specific high-risk cases, as decided by Credit Committee, with the primary goal of assisting clients to return to a “performing” status;
- Working with peers within REF to develop a practical operating platform to enable efficient management of all impaired cases, including all information storage requirements in a compliant manner;
- Provide ongoing recommendations to credit committee and other key stakeholders in order to mitigate/minimise an potential losses arising from assigned portfolio;
- Provide ongoing recommendations in respect of appropriate impairment requirements under IFRS 9.
- Develop, implement and maintain a panel of professionals required to support distressed debt activities, within the REF Panel Committee;
- Keep up-to-date on all relevant legal and regulatory developments, and provide guidance to other REF team members where needed.
What you will bring
- Extensive credit underwriting experience in the UK Real Estate Finance market;
- Ideally, substantial experience in a distressed/recoveries role, or dealing with non-performing assets;
- Sound knowledge of the legal and regulatory environment with respect to Real Estate Finance facilities, including the applicable laws and regulations applicable to the recovery of non-performing exposures;
- Strong written and verbal communication skills with the ability to interact confidently with clients, as well as senior staff within STB, including credit committee, ExCo and Board Risk Committee;
- Able to present complex information in a succinct way to enable key stakeholders to make informed decisions based on well-thought out recommendations.
Everyone is different. Everyone is valued
As part of our vision to become the most trusted specialist lender in the UK, we’ve been helping customers and businesses fulfil their ambitions since 1952. In that time, we’ve learned that we’re more than the sum of our parts. We’re a strong Group because of our people and our strengths; specialist, expert, ambitious and also diverse. All of our people are different and this is something we celebrate.
Every one of our employees brings unique talent, ability and perspective to their role.
That’s why Secure Trust Bank Group nurtures differences. We understand that we perform better because we’re not cast from the same mould. We actively embrace and support diversity, work with leading industry bodies and promote initiatives that reinforce our philosophy of giving you the freedom to be who you are.
We’re an award-winning bank providing savings accounts and lending services to over one million customers. We’re Secure Trust Bank Group. We embrace difference.