Credit Workout Officer
Job in
New York, New York County, New York, 10261, USA
Listed on 2026-07-08
Listing for:
LevelUP HCS
Full Time
position Listed on 2026-07-08
Job specializations:
-
Finance & Banking
Risk Manager/Analyst, Credit Analyst, Corporate Finance, Financial Compliance
Job Description & How to Apply Below
- Manage a portfolio of stressed and distressed credit exposures across corporate, structured finance, leveraged finance, and project finance transactions.
- Perform ongoing assessment of deteriorating credit situations and identify potential risks impacting the bank’s exposure.
- Lead or support restructuring, amendment, forbearance, and recovery negotiations with borrowers, sponsors, legal counsel, and external advisors.
- Prepare detailed credit analysis and workout recommendations for internal committees and senior management.
- Assess collateral quality, liquidity, and recovery prospects under various downside scenarios.
- Partner closely with Front Office, Legal, Compliance, and Risk teams to develop strategies that protect the bank’s interests.
- Monitor covenant compliance, liquidity events, refinancing risks, and market developments impacting borrowers.
- Participate in watch list reviews and special assets governance processes.
- Contribute to the development of workout strategies, policies, and portfolio risk management initiatives.
- Ensure compliance with internal credit policies and regulatory requirements.
- 7+ years of experience within credit risk, workout/special assets, restructuring, leveraged finance risk, or distressed investing.
- Strong understanding of corporate credit analysis and restructuring/workout processes.
- Experience managing stressed or distressed credit situations.
- Ability to analyze complex capital structures and downside/recovery scenarios.
- Experience working with legal documentation, amendments, waivers, and restructuring negotiations.
- Strong analytical, communication, and writing skills.
- Ability to work independently in high-pressure environments.
- Strong partnership skills across Risk, Front Office, Legal, and senior stakeholders.
- Knowledge of US credit markets and regulatory practices preferred.
- Prior exposure to leveraged finance, structured finance, project finance, or corporate banking portfolios preferred.
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