Vice President, Distressed Loan Closer

Purpose of the role

To manage operations within a business area and maintain processes, risk management initiatives and compliance with relevant regulators.

Accountabilities

• Identification of trends and opportunities to improve areas and develop new process and procedures through the monitoring and analysis of operation data and performance metrics.
• Management of operations for a business area and promote efficient processes, risk management and compliance initiatives to support the bank's operations.
• Collaboration with internal stakeholders (including business leaders, project managers and SMEs) and external stakeholders (including vendors and service providers) to support business operations and promote alignment with the bank's objectives and SLAs.
• Management of operational professionals and provide guidance, coaching and support to improve colleagues' delivery quality.
• Management and development of KPIs to measure the effectiveness of operation functions, utilising data and technology to support the identification of areas that require improvement.
• Compliance with all regulatory requirements and internal policies related to customer experience.
• Creation of a safe environment for colleagues to speak up, actively and regularly encourage and solicit feedback to ensure people agenda remains focused on the right areas.
• Management of attrition by working closely with HR in implementing retention initiatives for workforce.

Requirements

• Extensive Loan closing experience with Par/Distressed/Equity trade closing
• The ability to work closely with trading and settlement functions investigating multi-layered fixed income and equity transactions. Prior experience with loan distributions and reorganization events
• The aptitude to learn new software/applications
• Proficiency in using Microsoft Office applications, Clearpar, Loan IQ, Broadridge, BPS, Impact, Gloss (Equity and Fixed Income systems experience)

Skills

• Collaborative contributor with a solid work ethic and attention to detail
• Good people skills, written and verbal communication
• The ability to work autonomously and take full responsibility for defined tasks

Benefits

• Competitive and generous employee benefits, including medical, dental and vision coverage, 401(k), life insurance, and other paid leave for qualifying circumstances.
• This position is eligible for an incentive award.

Pay

Minimum Salary: $140,000.00
Maximum Salary: $195,000.00

Schedule

Location: Whippany, NJ, with a secondary location in Wilmington, DE.