Siemens Jobs

Job Family: Finance

Req ID: 403488

We know that a business only thrives if our people are thriving. That’s why we always put our people first. Our global and diverse team would be happy to support you and challenge you to grow in many ways. Who knows where our joint journey will take you?

Siemens Financial Services (SFS), a subsidiary of Siemens AG, provides financial expertise and industry knowledge to support Siemens’ customers and markets. SFS actively participates in sustainability efforts, aiding decarbonization and customer transition goals in areas like climate change and energy security. With around 2,600 team members, SFS promotes a diverse, teamwork-oriented culture of trust and mutual respect. You will be involved in providing structured debt financing for Asia-Australia through Siemens Bank GmbH. As part of a strong and established team of project and structured finance risk managers, you will support the Bank’s continued growth with a focus on energy and infrastructure transactions. In this context you will underwrite and manage your own projects

As an Associate Director - Workout, you will make a difference for the servicing of the Problem Obligor portfolio of Siemens Bank GmbH, maintenance & governance of the related transactions of the Branch and acting as contact person for all Workout related topics.

You’ll make a difference by:

• Being responsible for implementing and monitoring adequate measures regarding loss minimization for problem loans. Based on the risk analysis including financial and other due diligence you assess options, implement them and monitor the results

• Being responsible for approvals, internal documentation and determination of allowances

• Performing validation and maintenance of problem obligor loan portfolio, ensuring data quality. This includes managing arrears and maintaining data for allowances in the Lending systems.

• Collaborating closely with various teams, including Risk Management, Rating, Legal, Accounting, Controlling, Compliance, and Regulatory Reporting, to address queries and ensure smooth operations

• Engaging with customers, bank partners, key regulators, and internal and external auditors, fostering productive relationships including representing Siemens Bank in customer negotiations.

• Providing advisory support and guidance to Risk Management colleagues and other departments for Problem Obligors, transactions in intensive care and Forbearance.

• Actively supporting the digitalization of workflows

You’ll win us over by:

• The basis of your success is a bachelor´s or master´s degree and 3 to 5 years of experience in the international and structured credit business in a financial company (preferably for Leveraged or Project financing; other product experience helps, e.g. purchase of receivables)

• Having gained initial experience in Workout, Restructurings, insolvency procedures, and realization of collaterals

• You bring advanced knowledge about risk assessment as well as rating and credit analysis. Further knowledge includes contract legal documentation. Risk management processes, risk mitigation instruments and risk systems are familiar to you due to your previous professional experience.

• Being familiar with coordinating internal interfaces and negotiating with external clients, shareholders, attorneys and bank partners

• Having intercultural sensitivity and excellent English skills enable you to communicate and collaborate with colleagues and partners in an international environment

• Having a strong teamwork ethic, good organizational skills and a high level of attention to detail complete your profile

• Having strong IT user skills (in particular with Excel-based financial models)

Do you want to know more about us?

We at Siemens Financial Services provide business-to-business financial solutions. Our unique combination of financial expertise, risk competence and industry know-how enable us to create tailored innovative financial solutions. We have our headquarters in Munich, Germany and almost 2,600 employees worldwide. Follow this link to discover our world: www.siemens.com/finance.

At SFS, we take pride in the diversity of our people. Our recruitment decisions are based on the key inherent needs and requirements of each role, and candidates are selected based on their unique strengths and characteristics. We are dedicated to building a workforce that reflects diversity and creates an environment where every employee can reach their full potential.

Create a better #TomorrowWithUs! We value your unique identity and perspective and are fully committed to providing equitable opportunities and building a workplace that reflects the diversity of society. Come bring your authentic self and create a better tomorrow with us.