Special Asset Management AVP

Join us as a Special Asset Management-AVP, where you’ll help manage distressed exposures through turnaround, recovery, and exit strategies. This fast-paced, high-impact role places you at the heart of Barclays’ efforts to protect its credit portfolio and optimize financial recoveries. Working with global stakeholders, you’ll tackle complex credit challenges and play a critical role in delivering value and stability. If you’re driven by problem-solving, thrive in a dynamic environment, and have expertise in credit and restructuring, we want to hear from you.

To be successful as a Special Asset Management-AVP , you should have experience with:

• Fundamental corporate credit skills, including credit analysis and risk assessment

• Valuation skills to support decision-making on impaired and distressed assets

• Excellent oral and written communication skills for internal and external stakeholder engagement

• Credit skills with the ability to conduct in-depth credit and impairment analysis

• Experience working with distressed loans or workout advisory firms preferred

Other highly valued skills include:

• Skilled in financial statement analysis, valuation, and negotiation of complex terms

• Ability to manage multiple priorities in a fast-moving and constantly evolving environment

• Knowledge of lending documentation and bank systems

• Bachelor’s degree required; finance background preferred

You may be assessed on key critical skills relevant for success in role, such as risk and controls, change and transformation, business acumen, strategic thinking and digital and technology, as well as job-specific technical skills.

This role is based in New York.

Minimum Salary: $100,000

Maximum Salary: $160,000

The minimum and maximum salary/rate information above include only base salary or base hourly rate.  It does not include any other type of compensation or benefits that may be available.

Purpose of the role

To minimise the bank's losses on troubled loans by actively working to restructure, recover, or dispose of delinquent or non-performing loans, they are the bank's financial detective, uncovering the reasons behind loan defaults, negotiating repayment plans, and implementing solutions to maximize recoveries.

Accountabilities

• Identification and analysis of delinquent or restructured loans with deteriorating financial conditions.
• Analysis of borrower's financial statements, business plans, and market conditions to assess repayment potential.
• Monitoring and tracking of the performance of workout plans, ensuring compliance with agreed-upon terms.
• Development and proposition of comprehensive workout plans that balance recovery maximisation with borrower viability.
• Negotiation and finalisation of settlements or pursue litigation as necessary, in line with bank policies and regulations.
• Operation of an effective control environment to ensure compliance with relevant bank policies and regulations.

Assistant Vice President Expectations

• To advise and influence decision making, contribute to policy development and take responsibility for operational effectiveness. Collaborate closely with other functions/ business divisions.
• Lead a team performing complex tasks, using well developed professional knowledge and skills to deliver on work that impacts the whole business function. Set objectives and coach employees in pursuit of those objectives, appraisal of performance relative to objectives and determination of reward outcomes
• If the position has leadership responsibilities, People Leaders are expected to demonstrate a clear set of leadership behaviours to create an environment for colleagues to thrive and deliver to a consistently excellent standard. The four LEAD behaviours are: L – Listen and be authentic, E – Energise and inspire, A – Align across the enterprise, D – Develop others.
• OR for an individual contributor, they will lead collaborative assignments and guide team members through structured assignments, identify the need for the inclusion of other areas of specialisation to complete assignments. They will identify new directions for assignments and/ or projects, identifying a combination of cross functional methodologies or practices to meet required outcomes.
• Consult on complex issues; providing advice to People Leaders to support the resolution of escalated issues.
• Identify ways to mitigate risk and developing new policies/procedures in support of the control and governance agenda.
• Take ownership for managing risk and strengthening controls in relation to the work done.
• Perform work that is closely related to that of other areas, which requires understanding of how areas coordinate and contribute to the achievement of the objectives of the organisation sub-function.
• Collaborate with other areas of work, for business aligned support areas to keep up to speed with business activity and the business strategy.
• Engage in complex analysis of data from multiple sources of information, internal and external sources such as procedures and practises (in other areas, teams, companies, etc).to solve problems creatively and effectively.
• Communicate complex information. 'Complex' information could include sensitive information or information that is difficult to communicate because of its content or its audience.
• Influence or convince stakeholders to achieve outcomes.

All colleagues will be expected to demonstrate the Barclays Values of Respect, Integrity, Service, Excellence and Stewardship – our moral compass, helping us do what we believe is right. They will also be expected to demonstrate the Barclays Mindset – to Empower, Challenge and Drive – the operating manual for how we behave.