Recovery Management International (RMI) is a team within Credit Risk Management and is responsible for the management of all assets that are classified as impaired or flagged for surveillance. The objective of RMI is to maximize recovery and minimize legal risks associated with positions that are under its management.
Key Responsibilities include:
Monitoring of business and financial performance of the portfolio counterparties
Structuring, negotiating and executing DIP facilities for impaired counterparties
Approving and executing amendments, waivers, consents and any other legal documents pertaining to the asset under management (both in bankruptcy and out-of-court restructuring scenarios)
Performing all administrative tasks associated with the assets under management
Proposing, negotiating and executing sale of impaired assets
Proposing provisions and charge-offs for accrual based assets
Proposing valuations for fair value based assets under the management of RMI
Initiating litigation filings against debtors/guarantors in order to achieve maximum recovery
Negotiating settlement of litigations involving impaired assets
Interface with senior management, internal &external clients and outside counsel/advisors on a daily basis.
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