CLARIEN is hiring a

VP, Asset Remediation

Deadline: 1 day

Job Type: Contract

The purpose of the role is to actively manage the Bank's problem loan book and to minimize any potential losses. This role will be required to be creative by designing strategies which acknowledge borrowers' circumstances and local influences but maintaining the primary objective of protecting the Bank. The VP, Asset Remediation will manage the Collections and Workout Teams, who in turn manage the identification, migration and then active management of all delinquent and non-performing loans. Primary Responsibilities: * Developing the structure, systems, protocols and methodologies for stressed and distressed loan management and garnering approval for the same from the relevant stakeholders, including but not limited to the relevant Bank Committee. * Assess and develop existing teams and recruit new talent as needed, providing leadership and communications to create a high performance culture. Manage the size of the departments reflecting the case load and preparing the transfer of staff to other departments on downsizing. * Proactively oversee management of troubled loan relationships and other assigned cases, some of which may be highly complex in nature, in line with credit risk management objectives. * Ensure, where possible, that the departments work in harmony with other areas and share lessons learned with senior people from other departments to minimize future problematic loans. * Develop new performance metrics linked to the departments' overall strategy. * Execute strategic activities including portfolio segmentation, assigning assets into core and non-core buckets, devising restructuring/workout strategies to minimize losses. * Adoption of industry-acknowledged best practice as it relates to asset management and restructuring more broadly. * Responsible for portfolio monitoring and quality assurance. * Oversight of all relationship management with third parties. * Develop relationships with external bodies such as property agents, lawyers and accountants to ensure real time knowledge of factors influencing strategies. * Ensuring any PR resulting from the departments' activities is as positive as possible. The successful candidate must have: * A minimum of 10 years' progressive experience in banking, lending, turnaround, workouts, restructuring and finance, with a proven track record of working collaboratively with borrowers to successfully achieve financial outcomes that minimize risk and losses is required. * Measurable success in the creation of turnaround/ recovery teams within a bank. * Credit experience * Proven track record in creating and managing effective teams. * Excellent communication skills, oral and written. * Ability to handle multiple tasks competently and with accurate attention to detail. * Ability to communicate effectively with borrowers at all levels and the bank's senior & executive management. * Advanced skills in Microsoft Word, Excel and the ability to adapt to new technology and software. * Demonstrated experience in both financial and operational restructuring. * Demonstrated ability in the development and execution of balance sheet optimization strategies, including but not limited to recovery, restructuring, leveraged loan and acquisition finance, distressed lending, syndicated project finance.

Salary

Not specified

Benefits

Not specified

How to Apply

Please submit a detailed cover letter and résumé no later than July 17th, 2025 to: Human Resources Department 25 Reid Street, Hamilton HM 11 P.O. Box HM 665, Hamilton HM CX Email: jobs@clarienbank.com

CLAR

Contact InfoHuman Resources Department

25 Reid Street, Hamilton HM 11 P.O. Box HM 665, Hamilton HM CX

441 296 6969

Application DeadlineJul 17, 2025

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