Head of Workout Unit – Mortgage Arrears recruitment
Head of Workout Unit – Mortgage Arrears
Location: Dublin.
Remuneration Benefits:
- Salary: €120K+
- Car Allowance
- Other Senior Manager benefits
The management of mortgage arrears is a key priority for our client – well-known Irish bank.
The area is responsible for the management of mortgage arrears and is critical to the implementation of the Bank’s Mortgage Arrears Resolution Strategy (MARS). In this context, we are seeking to expand the Management team with the appointment of a Head of Workout.
This role offers a great opportunity for an individual with the right skills, energy and drive to excel in a high profile, critically important area.
Key Responsibilities:
- Establish and lead a best in class Workout Unit, tasked with delivering satisfactory outcomes for the bank and the customer, where mortgage debt is unsustainable in the long term.
- Design and implement new workout solutions
- Manage pre-legal and legal cases, in addition to directing the repossessions process
- Oversee the management of properties in the bank’s possession
- Maximise the return from property disposals, thereby minimising loss for the customer and the bank
- Ensure expected losses are identified and provisioned in line with bank policy
- Manage relationships with key internal and external stakeholders.
- Lead, manage and develop team members to ensure optimal levels of performance
Essential Key Requirements:
- Strong stakeholder management, with an ability to establish professional credibility and influence at a senior level across the group.
- A proven track record in leadership and people management.
- Prior insolvency / workout experience in a financial institution or professional practice.
- Strong commercial acumen with the capacity to assess credit strategies, alternative debt recovery mechanisms and to determine the overall customer approach.
- Capacity to input to unsustainable mortgages strategy and policy, supported by excellent written and verbal communication skills.
- Ability to analyse and interpret technical legal advice and make strong commercial decisions as a result.
- Good understanding of the legal and recoveries process in Ireland and the ability to apply this knowledge to mortgage cases.
- Ability to manage and direct a large number of complex cases and work effectively in a challenging environment.
Desirable Key Requirements:
- A relevant minimum competency qualification or accreditation while not essential would be beneficial.
Contact: Eoin Blake 01 6610444 eblake@lincoln.ie
June 13, 2012
• Tags: Head of Workout Unit – Mortgage Arrears recruitment, Risk Management careers in the Ireland • Posted in: Financial