Head of Corporate Workout Strategy

4 days ago


Oslo, Oslo County, Norway TN Norway Full time

Job Description:

As 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.

Main Responsibilities:

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


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