FR&R Senior Recovery Officer - Amsterdam
- Amsterdam, Noord-Holland, Netherlands Amsterdam Noord-Holland NL
- Permanent, Full time
- ABN AMRO Bank
- 15 Aug 18 2018-08-15
FR&R Senior Recovery Officer - Amsterdam
At a glance
Are you a professional that takes stakeholders along and creates value for clients and ABN AMRO in a distressed situation? As Senior Recovery Officer within International Clients & Specialized you will deal actively with international clients' credit files which the bank no longer considers prudent to continue. You will exit these relationships in a way that minimises the loss of the bank and protects its reputation as much as possible.The job vacancy is within the team of International Recovery, part of IC&S (International Clients & Specialized).What do you see when you envision the next step? Work on achieving your goals and develop yourself professionally and personally. Tell us your story. We want to hear it!
FR&R is exclusively and globally responsible for all loans which are in default or which involve an increased credit risk and the potential of provisions and write offs regarding these loans. We assume credit responsibility for all clients with increased credit risks, once this has been decided within the existing delegation model of the relevant business line. You will be actively involved in resolution scenarios of complex credit agreements with predominantly international collateral aspects. The emphasis is on developing, directing and implementing scenarios to achieve the best possible solution for both the bank and the client, whether or not through suspension of payment or insolvency.You will receive files from both FR&R Restructuring as well as directly from a business line. You will work closely with business units and offices across the world. A significant part of our clients are part of C&IB (amongst others TCF, Diamonds & Jewellery and Transportation), but clients also come from the international part of Private Banking and Asset Based Finance. You will have frequent contacts with our colleagues at the international branches and subsidiaries concerning those parts of the FR&R portfolio which fall within their local authority. You will have a coaching role and you will identify areas of attention and training needs within these teams. On substantive matters, you will give advice, both solicited and unsolicited, on the business lines' resolution plans, and you will report your findings to the FR&R management team.You will work within a deal team and you will maintain contacts with colleagues, clients, administrators, advisors and other relevant parties. You will also be able to pursue formal legal solutions. Where necessary, you will receive close and intensive support from the team and (internal and external legal) experts and you will be given the opportunity to follow a postgraduate course in insolvency law. Completing this course is mandatory for receiving (discretionary) approval authority.This is a very dynamic and valuable job with large responsibilities. You will have frequent negotiations with clients, administrators and other investors, for instance about the sale of collateral pledged to us. You will also have extensive consultations with the Legal department and with lawyers and other specialists called in by the bank; and you must be able to modify your approach in line with their recommendations. You are therefore a strong personality who is able to maintain a helicopter view of the situation in hand.
Your working environment
FR&R International Clients & Specialized is focused on financial restructuring and recovery activities for all international clients (both corporate and (international) private banking) and the large corporate clients in the Netherlands. The IC&S team is formed of approximately 45 professionals which are active in an international environment with multiple stakeholders (banks, other creditors, advisors, etc.) and multiple legal jurisdictions.We guide client through rough times where there is space again for dreams and ambitions. We do have an eagerness to learn and develop, are solution driven and have a can-do mentality. Within the deal teams we provide feedback to develop ourselves and our team members.
We are looking for a professional who will draft and implement creative and solution-oriented action plans within FR&R policy parameters. You have a qualification at academic level and you have knowledge of and experience with commercial lending by banks. You are self-confident and able to perform under pressure. Given that you will be working in various deal teams team, you must be a team player, but you must also be able to act independently. Because of the international nature of the work, you are prepared to travel and can adapt to different international environments and cultures. You have a thorough knowledge of Dutch and English, both spoken and written.Competencies:- Strong communication and negotiation skills- Strong drive and experience in managing and coaching professional deal teams- Prepared to travel frequently and ability to adapt to different environments and cultures- Organisational sensitivity (effective stakeholder management) and ability to manage conflict of interests- Strong personal leadership: self-reflection and development, 'lead by example'- Strategic thinker- Strong stakeholder management skills- at least 8-10 years of experience in a financial or legal environment
What we offer
We offer you a professional environment where we focus on building & growing your expertise, being innovative, working in a simple and efficient way and above all focusing on creating value and an optimal solution for our clients and our bank. We encourage people to show courage, experiment and learn from mistakes.A dynamic working environment in which you will work with various international stakeholders and in which your vision and approach will make a difference. You will have a unique opportunity to be part of a small team of professionals who work together to protect the bank's interests. You will work with a group of people with the same drive and vision. People who will be as diverse as our clients in terms of background, preferences and questions.At ABN AMRO, we use our knowledge, expertise and network to help our clients within and outside the Netherlands achieve their goals based on responsible decisions. Our clients' interests always come first. We want clients to understand our products, and we sometimes say 'no' if a product involves a risk that is too high for the client. Putting clients' interests first also means communicating in plain language and craftin12982 à g smart solutions that genuinely make a difference. That is our goal.