Head of Financial Restructuring, Australia - Sydney, Australia - Rabobank

Rabobank
Rabobank
Verified Company
Sydney, Australia

2 weeks ago

Olivia Brown

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Olivia Brown

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Description
Rabobank is the world's leading specialist in food and agribusiness banking.

One of our key strengths lies in our people who have a deep understanding of agriculture and are committed to adding long-term value for clients.

Our commitment to our employees and clients is at the heart of everything we do.


At Rabobank our culture is unique, because every day our people work knowing that we are all playing our part in supporting our farmers to feed the world.

Our culture is focused on growing each other.

We strive to create an open, balanced and flexible workplace where people feel that they belong, can be open and honest and are supported.


Rabobank Australia has recently been awarded 18th place in LinkedIn's Top Companies 2023: The 25 best workplaces to grow your career in Australia.

We are in extremely proud of this achievement, as it reflects the investment in our people, their growth and development.


About the role:


Within Rabobank Australia's Risk Management function, Financial Restructuring is responsible for developing and implementing recovery strategies for clients in financial difficulties or default.

A recovery strategy is a plan aimed at either retaining the client, potentially through debt restructuring, or at exiting the client relationship through refinance with another bank, sale of assets or receivership.

Financial Restructuring is also responsible for ensuring that all non-performing loans have appropriate provision assessments.


The Financial Restructuring teamwork in partnership with Country Banking, Wholesale Banking and Credit Risk offering support and strategic advice where appropriate.


Key Responsibilities and Accountabilities:


The Financial Restructuring team is responsible for the management of Australian Country Banking and Wholesale Banking clients classified as in "financial difficulties" or "default".


The
Head of Financial Restructuring, Australia is a specialist role, responsible for the day-to-day management of the Financial Restructuring team.

This includes;

  • Direct Management of large and/or complex clients in financial difficulty or default as required from time to time including sensitive litigation and complaints
  • Compliance with key prudential obligations including APRA Prudential Standard APS220 Credit Risk Management, Farm Debt mediation (various State Acts) and Corporations Act 200
  • Implement the execution agenda set by Financial Restructuring & Recovery Wholesale & Rural (FR&R W&R) under guidance of the Group Executive, Chief Risk Officer

To be successful in this role, you will have:

  • Significant prior related experience including leading a team
  • A preference for strong technical experience in insolvency and legal including forbearance, mediation, administration, receivership, insolvency & bankruptcy.
  • Recovery experience including workout of large & complex client transactions preferred
  • A thorough understanding of Credit Risk Management and Financial Restructuring within the financial services industry and related regulatory standards (ECB, APRA, Farm Debt Mediation Legislation).
  • Understanding of legal aspects of litigation process and complaints management.
  • Understanding of banking and finance operations.
  • Knowledge of causes, influences and drivers of credit risk.
  • Superior organisations skills to manage relationships with various stakeholders at differing levels

Our Values, Vision and Mission
Rabobank Australia fully embraces inclusion and belonging and delivers positive experiences for our people and clients.

Our great working conditions, broad learning and development programmes and the opportunity to work together for the greater good are reasons why our employees love working here.

We are committed to our values; we are client focussed, action oriented, purposeful and courageous in our work. We are professional and considerate and bring out the best in each other and are committed to keep learning. We have an open culture, where you can be yourself and be valued for who you are.


What we're proud to offer you:

Wellbeing leave. These 2 extra leave days support greater work/life balance and is just another way we are helping our employees to lead happier, healthier, and more fulfilling lives.


Education Assistance Program. Rabobank values the development of its people and has a great Education Assistance Program to assist with professional development.


Parental Leave that supports you and your family while giving you the freedom and flexibility to enjoy this special time (Primary carer up-to 14 weeks paid leave)


Bonus and Additional Leave. We realise sometimes 4 weeks Annual Leave isn't enough At Rabobank we provide an incentive for eligible employees to receive 1 extra week Annual Leave and an option to purchase another 2 weeks Annual Leave.


Extra Insurance. Rabobank recognises that employees need to protect their financial wellbeing, in the event of serious illness, injury, or e
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