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Assistant Vice President

Employer
Yes Bank Ltd
Location
Mumbai, IN
Salary
Competitive
Closing date
Nov 16, 2019

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Job Role
Accounts Assistant
Sector
Finance
Contract Type
Permanent
Hours
Full Time
Assistant Vice President - ( ASS00001W ) Description SECTION II ROLE SUMMARY The role holder is responsible for managing advisory firms, ARCs, Investment Banks and other intermediaries in the distressed asset ecosystem and providing corporate and commercial solutions to their parent entities and investee companies SECTION III KEY RESPONSIBILITIES/ ACCOUNTABILITIES Strategic/ Managerial Core Responsibilities Advisory Handles clients and offering a complete suite of commercial banking and investment banking solutions. Advises companies in a turnaround situation with respect to liquidity concerns, undertaking viability study, develop sustainable business plans and getting involved in the rehabilitation package Stressed Asset Management Manages stressed assets involving interaction with top management of the company, performance monitoring & benchmarking, adherence to terms, site visits to business Ensure recovery of stressed assets in your respective portfolio as per RBI and prevailing bank policies Arranges for fresh financing in stressed and special situation assets with an objective to provide overall resolution, which involves business analysis, study of companys potential & industry risk & prospects, business and financial engineering, etc. - direct interaction with Promoters, investors. Ability to assimilate key case specific best practices & solutions & explore feasibility of applying the same in other similar cases Responsibility for preparing succinct / intelligent portfolio reports for consumption of Top Mgmt. which captures all aspects of the solutions being pursued for portfolio assets. Performance Monitoring Closely monitors exposures to enable proactive action whenever required. Review credit files, financials and security documentation and current status Designs and implements suitable early warning triggers for allocated accounts. Closely monitors allocated portfolio, regular review of operational and financial performance, monthly cash flows, tracking performance of various industries which have a bearing on the respective assets etc. People Management or Self-Management Responsibilities Defines performance goals at the start of the year in discussion with the reporting manager and ensures that the goals are monitored and achieved during the course of the year. Takes ownership of his/her own learning agenda by identifying development needs in consultation with the reporting manager and working towards bridging the gaps through various means which go beyond just training. Understands the competencies relevant to his/her role, and works towards displaying as well as developing these effectively. Keeps abreast of relevant professional/industry developments, new techniques and current issues through continued education and professional networks. Risk and Internal Control Responsibilities Implements the risk policies and processes (operational, regulatory, financial, informational, reputational and audit risks), ensuring that that these meet regulatory and internal requirements. Implements the internal control systems in the department and participates in the departmental audits. Implements practices to bridge gaps identified during departmental audits. Good understanding of credit & key risks associated with possible solutions being adopted for distressed assets. Through knowledge of IBC, relevant RBI and other guidelines for distressed assets resolution. SECTION IV KEY INTERACTIONS Key Internal Interactions Purpose of Interaction Key External Interactions Purpose of Interaction Clients SECTION V KNOWLEDGE & EXPERIENCE Core Competencies Competency Name Behaviors Leadership Competencies Competency Name Behaviors TECHNICAL COMPETENCIES Technical Competencies Credit Analytics Knowledge of IBC and relevant RBI guidelines for stressed assets Qualifications SECTION II ROLE SUMMARY The role holder is responsible for managing advisory firms, ARCs, Investment Banks and other intermediaries in the distressed asset ecosystem and providing corporate and commercial solutions to their parent entities and investee companies SECTION III KEY RESPONSIBILITIES/ ACCOUNTABILITIES Strategic/ Managerial Responsibilities Core Responsibilities Advisory Handles clients and offering a complete suite of commercial banking and investment banking solutions. Advises companies in a turnaround situation with respect to liquidity concerns, undertaking viability study, develop sustainable business plans and getting involved in the rehabilitation package Stressed Asset Management Manages stressed assets involving interaction with top management of the company, performance monitoring & benchmarking, adherence to terms, site visits to business Ensure recovery of stressed assets in your respective portfolio as per RBI and prevailing bank policies Arranges for fresh financing in stressed and special situation assets with an objective to provide overall resolution, which involves business analysis, study of companys potential & industry risk & prospects, business and financial engineering, etc. - direct interaction with Promoters, investors. Ability to assimilate key case specific best practices & solutions & explore feasibility of applying the same in other similar cases Responsibility for preparing succinct / intelligent portfolio reports for consumption of Top Mgmt. which captures all aspects of the solutions being pursued for portfolio assets. Performance Monitoring Closely monitors exposures to enable proactive action whenever required. Review credit files, financials and security documentation and current status Designs and implements suitable early warning triggers for allocated accounts. Closely monitors allocated portfolio, regular review of operational and financial performance, monthly cash flows, tracking performance of various industries which have a bearing on the respective assets etc.

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