Head of High Risk Workout

Job ID: 28802 

Are you ready to oversee and drive the execution of restructuring and workout strategies for medium and large high risk corporates? Nordea’s Leveraged, Institutional and Special Credit group is seeking a dynamic Head of High Risk Workout to lead the team working at the forefront of financial restructurings in the Nordic’s largest bank.

At Nordea, we believe in integrity, expertise, and collaboration. If you have a strong strategic mindset, a deep understanding of distressed financial situations, and the ability to oversee high-stakes execution in a dynamic environment, this is your opportunity to make a significant impact.

About our team

Welcome to our High Risk Workout team, which is part of Leveraged, Institutional and Special Credit. You will report to the Head of Leveraged, Institutional and Special Credit and will be responsible for ensuring the execution of structured workout and restructuring strategies in alignment with Nordea’s risk framework.

The position will be located in one of the Nordic capitals.

What you will be doing

As the Head of High Risk Workout, you will be responsible for ensuring that workout and restructuring strategies are effectively implemented to protect value, mitigate risk, and achieve the best possible outcomes for our customers and Nordea. You will lead our cross border team of senior Workout and Restructuring Executives, ensuring that each case is managed with a structured, strategic, and risk-aware approach. The mission of the team is to help the customer and the bank through the challenging times.

Main responsibilities in this role:

• Overseeing and ensuring the execution of Nordea’s strategic frameworks for workouts and restructuring of high-risk corporate exposures
• Managing and leading the High Risk Workout team, ensuring consistency and effectiveness in handling complex, distressed financial situations
• Ensuring that cases are approached with a structured, strategic mindset, balancing commercial, financial, legal, and reputational considerations
• Guiding and challenging workout strategies, ensuring alignment with risk appetite and overall bank objectives
• Ensuring effective internal collaboration across credit, legal, risk, and other key stakeholders to optimize decision-making
• Overseeing high-stakes negotiations, ensuring that the team is effectively managing stakeholder relationships, including companies management, boards, external advisors and financial institutions
• Monitoring industry trends and regulatory changes, adapting workout strategies to reflect best practices and new developments
• Strengthening internal frameworks and processes, driving continuous improvement in Nordea’s workout and restructuring capabilities

Who you are

Collaboration. Ownership. Passion. Courage. These are the values that guide us in being at our best – and that we imagine you share with us.

In order to succeed in this role, we believe that you:

• Have a strong strategic mindset, deep financial expertise, and the ability to oversee execution in complex restructuring cases
• Are a proven leader with experience in overseeing and ensuring execution of financial restructuring, corporate workouts, or distressed asset management
• Are a strategic thinker with the ability to translate high-level restructuring principles into effective, practical execution
• Have a deeply knowledgeable in credit risk management, insolvency frameworks, and restructuring methodologies
• Are a strong negotiator and decision-maker, able to ensure that cases are managed proactively and with a focus on risk-adjusted outcomes
• Are an confident communicator, capable of providing clear strategic direction and ensuring alignment across multiple stakeholders
• Are an adaptable and resilient, able to oversee execution in a fast-changing and often uncertain environment

Your experience and background:

• Extensive experience in managing and overseeing restructuring and workout strategies within a financial institution
• Strong background in credit risk management, corporate banking, or distressed asset resolution
• Experience in investment banking, corporate finance, M&A, or senior relationship management (SRM) is a plus
• Leadership experience in managing high-performing teams
• Master’s degree or equivalent in a relevant field
• Fluent in English, knowledge of Finnish or Scandinavian is an advantage

What we offer
  

People come here when they want to get somewhere. For some, it’s to take their career to the next level. For others, it’s to break new ground within their area of expertise – in other words, with us, you will always move forward.  

A culture that fosters performance and growth in one of the largest Nordic banks, offering various opportunities to evolve, develop and learn from brilliant colleagues with diverse backgrounds in a vibrant working environment.  

Hybrid working model – we believe in the value of bringing people together and at the same time we embrace the freedom of flexibility.   

Diversity and inclusion are a natural part of our daily work. We know that an inclusive workplace is a sustainable one. We genuinely believe that our diverse backgrounds, experiences, characteristics and traits make us stronger together. Every day we strive to find new ways to improve diversity and inclusion within our community e.g. we have signed the European Diversity Charters in the countries where we operate to show our commitment and engage with others to continue learning and improving.  

If this sounds like you, get in touch!  

Next steps

Submit your application no later than 28/02/2025. Applications sent via email will not be accepted.

For more information, please contact Jaan Jaanimägi, Nordea’s Head of Leveraged, Institutional and Special Credit at jaan.jaanimagi@nordea.com.

We enable dreams and aspirations for a greater good.  

We build relationships. We add a personal touch to everything we do – when advising our customers, collaborating with colleagues, and meeting our potential candidates.  

We learn and develop. We take pride in being experts and thinking ahead. We use our expertise to meet our customers’ needs, from the simplest to the most complex. We bring a growth mindset to our work that enables us to focus on a broader perspective in our daily challenges.   

We lead change. We are responsible and aware of the impact of our decisions, both for our customers and for our local and global communities. Mindful of our responsibility towards current and future generations, we have made sustainability an integrated part of our business strategy.   

We are Nordea. We have a 200-year history of supporting and growing the Nordic economies and our values are deeply rooted in these open, progressive and collaborative societies. As one of the biggest employers in the Nordics, Poland and Estonia, you have excellent opportunities to evolve, develop and move forward with us.

For candidates in Sweden: For union information, please contact finansforbundet@nordea.se or SACONordea@nordea.com.