Vice President - Special Credit Group (Distressed Corporate & Leveraged Finance)

Title: Vice President – Special Credit Group (Distressed Corporate & Leveraged Finance)

Office Status: Hybrid – New York, NY

Overview

A globally recognized international banking platform is seeking a Vice President to join its Special Credit function within the corporate portfolio management team. This group focuses on managing distressed leveraged finance and underperforming corporate credit exposures across a diverse portfolio. The role offers direct involvement in restructuring situations, close interaction with advisory teams, and high visibility to senior risk leadership in a fast-moving, credit-intensive environment.

Key Responsibilities

• Actively monitor and manage a portfolio of distressed leveraged finance and large corporate credit exposures
• Analyze borrower financial performance, including cash flow forecasting (e.g., 13-week cash flow models), covenant compliance, and liquidity positions
• Assess turnaround viability, restructuring scenarios, and repayment capacity across stressed credits
• Identify drivers of credit deterioration, default risk, and potential recovery strategies
• Support restructuring efforts in collaboration with external advisors and internal deal teams
• Lead preparation and execution of waivers, amendments, and related credit documentation
• Drive credit approval processes, including credit applications, due diligence, and negotiation of terms
• Perform quarterly reserve analysis, write-off calculations, and credit cost forecasting under applicable accounting standards
• Prepare detailed portfolio and account-level reporting for senior management and governance committees
• Escalate emerging credit, operational, or portfolio risks in a timely and structured manner
• Support regulatory exams, audits, and internal review processes with required documentation and analysis
• Stay current on market conditions, industry trends, and macroeconomic developments impacting distressed credits
• Mentor junior team members and contribute to broader team development and training efforts