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VP, Corporate Credit Recovery

  • New York, NY
  • Full Time

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Office Status: Hybrid

Salary: $142,000 – $176,000




  • Establish procedures for monitoring assets pre-default by monitoring client payment histories and capacity-to-pay analysis.
  • Create roadmap to reduce risk of default or to restructure ahead of default.
  • Compare asset values to collateral and loan covenants, remediate exceptions.
  • Flag potential losses and remedial actions.
  • Create a disciplined remedial management process, triggered by specific events and risk levels, to workout loans taking into account regulatory obligations.
  • Compare actual workout results against established management processes, suggest changes and refine processes.
  • Create a set of procedures for every stage of the collection process, from early delinquency to workout.
  • Create targeted approaches for workout and asset disposal by asset types (for instance retail vs. commercial), behavioral segmentation, portfolio size (ring fencing), and severity of loss.
  • Compare targeted return levels against actual returns and optimize results.



  • Work with market counterparties to broaden your market perspective, expand pricing and disposal channels.
  • To better understand the risks in their businesses, especially asset quality issues that may give rise to a workout situation, facilitate partnerships with units such as traditional and consumer lending functions and other client-facing units.
  • Work closely with units such as finance, compliance, legal and IT to understand their particular concerns for any workout situation or asset disposal.
  • Network within the industry through meetings, events and involvement with trade organizations to better understand emerging risk trends. Establish relationships with auditors and regulators to better understand their concerns for any workout situation or asset disposal, and implications for the overall portfolio.



  • Demonstrate an advanced knowledge of credit and default risk and associated collateral management to streamline workflows and design relevant controls / thresholds and analytics to detect troubled assets early on.
  • Have a solid understanding of Risk frameworks, principles, types and exposures to create meaningful reporting to detect troubled assets.
  • Apply advanced modeling and analytical skills to create meaningful measurement and reporting on key risk exposures.
  • Demonstrate a working knowledge of information technology and project management, in order to best partner with colleagues in data gathering and monitoring.
  • Use a basic knowledge of finance and accounting to help quantify impact analysis and create meaningful workout proposals.
  • Be familiar with financial services trends and emerging issues to update risk processes and avoid exceptions.
  • Apply relevant laws and regulations to avoid regulatory non-compliance. Communicate analytical data effectively.