Credit Risk Manager

Employer
Schroders Investment Management
Location
London, United Kingdom
Salary
Not Specified
Posted
Feb 07, 2019
Closes
Feb 10, 2019
Job Function
Risk Management
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors

Reporting to the Head of Group Credit Risk, within Group Risk Department, the role will be working in a team responsible for assessing, monitoring and reporting on Credit Risks arising globally across the Schroders PLC Group from both Asset Management & Wealth Management activities

 

Credit Risk arises from a wide spectrum of activities, including but not limited to Private Banking client needs, Wealth Management Treasury operations, Foreign Exchange and Asset Management trading. Credit Risks will be in the form of both Principal (direct Credit Risk to Schroders), or Agency (including Settlement positions and those on behalf of clients)

 

The Group Credit Risk Team works in close coordination with the other risk and corporate functions across the Group and has significant interaction with both client facing teams and internal operations

 

Main Duties:

 

  • Support the Group Head of Credit Risk by assessing and recommending appropriate Credit Risk appetite/limits and actively monitoring utilisation
  • Attend various Credit Committees and Assets and Liabilities Committees as alternate for the Head of Credit Risk and represent Credit Risk's views
  • Drive the review of the various credit systems to understand inputs, outputs, tech and data limitations and design a new portal for Credit Risk management     • 
  • Assessing and monitoring material sources of Principal Credit Risks across the Group including those that arise in our corporate treasury related activities and in our lending activities in our Wealth management businesses 
  • Assessing and monitoring the material sources of Agency Credit Risks across the Group including the counterparty exposures that arise in our asset management businesses
  • Understanding the Credit Risks in various lending products and financial instruments including cash instruments, securities, portfolio lending, mortgages and derivative contracts related to various client and counterparties including banks, brokers and private clients
  • Monitor the aggregation of all sources of Credit Risk and produce suitable management information and reporting to allow management of all identified Credit Risks
  • Review, challenge and improve the processes and procedures used to manage Credit Risk in all identified areas
  • Assess any material sources of Credit Risk in new products requiring Group approval
  • Identify when escalation may be required to the Group Head of Risk, CFO and GMC members
  • Collaborate with Credit Risk Team members ensuring efficient coverage of roles and Credit Risk Team responsibilities are maintained
  • Remaining up to date with regulatory requirements and consultations that relate to Credit Risk and ensuring internal procedures and practices comply with them

Adhoc Responsbilities:

  • Provide Credit Risk insight and opinion to other operational or functional areas across the Group when requested to do so
  • Participate in industry associations to promote and improve Credit Risk management practices
  • Monitor the efficiency of Credit Risk data, including internal management information systems and challenge any shortcomings or recommend noticeable efficiencies and improvements

 Qualifications:

  • University degree in Finance, Economics, Mathematics, Statistics or equivalent subject relevant to financial services sector.
  • CFA, ACA, ACT MSI or Banking/Investment Management Certificate a plus
  • Strong knowledge of the banking industry
  • Strong understanding of complex financial instruments and associated analysis
  • Experience in credit risk management within the financial services industry

 Skills needed:

  • Excellent numerical and financial analytical skills
  • Strong Credit Risk analysis skills
  • Strong technical skills and ability to drive and help implement tech changes
  • Working knowledge of regulatory landscape for banks and financial services
  • Assist in the development and motivation of all team members
  • Managing change and driving for efficiency
  • Experience of challenging first line of defence and strong reasoning skills
  • Excellent communication skills, both written and verbal, with the ability to deliver difficult responses to financial specialists, business functions or management in a time pressured environment
  • Efficient in planning of workloads in a resource constrained environment
  • Commercial awareness to manage risk to generate a return

 



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