Workout Credit Officer, Vice President, Credit Risk, 2nd Line of Defense (Corporate & Investment Banking)

Analyzes transactions and credit requests, including amendments and extensions, DIP and exit financings related to Chapter 11, debt restructuring and insolvency proceedings; provides credit recommendations and presents the cases to senior management and/or underwriters. Assists in interactions with - and contributes to ongoing reporting requirements for - internal and external auditors as well as regulatory authorities. Performs portfolio management in conjunction with other 2nd Line as well as 1st line colleagues; responsible for ongoing risk and portfolio monitoring for assigned counterparties, including limit review and oversight of data integrity in credit and booking systems. Determines and regularly refreshes credit loss reserves and write-offs based on internal policies and guidelines as well as regulatory requirements. Manages and ensures compliance with all Workout and Credit policies, standard definitions and monitoring of policy, standard implementation, ensuring harmonization and consistency of risk policies and applicable regulations. Provides independent oversight of all aspects of credit quality of assigned portfolios, including the daily approval process of individual credits and the formal review process of the portfolio. Remains up to date on all market developments, best practices, and trends within Workout and the risk areas it covers. Leads special risk projects and/or programs, business continuity and other incident response and security related activities in connection with the Workout mandate. Essential Functions / Responsibility Statements: Oversees and ensures consistent quality control, accuracy, and compliance with internal policies and regulatory requirements for reporting processes. Ensures and executes ongoing maintenance of controls, mitigation plans, testing, and/o credit risk assessments. Partners with the accountable business owner for effective 1st and 2nd line of defense Risk Management and Controls. Provides oversights on risk-management content/processes. Provides oversights on risk-management content/processes followed by the 2nd line of defense. Evaluates the adequacy and effectiveness of data, document retention, and monitors systems. Acts as a subject matter expert (SME) while providing leadership, guidance, and mentorship.