Credit Risk Manager - Global Bank
- Employer
- Westbourne Partners
- Location
- London, United Kingdom
- Salary
- Competitive
- Closing date
- May 9, 2019
View more
- Job Function
- Credit Analysis
- Industry Sector
- Finance - General
- Employment Type
- Full Time
- Education
- Bachelors
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Duties & Responsibilities
Candidate Requirements:
- Perform activities within the assigned Credit Risk Strategy that reflects the Group's tolerance for risk and the level of profitability the Group expects to achieve for incurring various credit risks .
- Ensure the use of a standardized process for evaluating credit proposals ensuring that all approved credits are within the Bank's Credit Risk Strategy.
- Assist the Head of Risk in creating Key Performance Indicators (KPIs) for the department and monitor their achievement on periodic basis.
- Coordinate with Compliance Group to ensure an appropriate response to obtain updates on regulations pertaining to credit risk review that are promulgated by the CFA, if any.
- Build and maintain strong and effective relationship with the all other related departments and units to achieve the Group's goals/ objectives.
- Provide timely and accurate information to the external and internal auditors and the Compliance function as and when required.
- Assist the Head of Risk in the development/ finalization of Service Level Agreements (SLAs) between the UK operations and Head Office units/ departments as and when needed, to the extent they relate to the business functions.
- Ensure adherence to the Turn around Times (TAT) specified in the SLAs.
- Perform credit assessments, and provide credit approvals within the authority delegated to you.
- Ensure compliance with established/ approved credit risk policies and procedures and ensure that a sound environment for identifying, measuring, monitoring and controlling credit risk is in place.
- Check coordination with business unit Relationship Managers for the timely receipt of customer documents/ other information required to evaluate the credit worthiness of the proposed borrowers.
- Supervise the assessment of the credit proposals is adequate and analyses the various credit risk facets to measure a final credit risk rating including (but not limited to) an assessment of the requested facility and guarantees provided, client management and background, industry analysis, country analysis, external agency credit rating (if applicable), financial and cash flow analysis and the risk rating from the credit risk rating tool in use.
- Based on the assessment, recommend extending or declining the facility request or asking for additional security/ further structuring of the deal/ facility to safeguard the Group's interests.
- Ensure that all credit approvals meet overall policy guidelines and regulations and to stipulate terms and conditions to mitigate the credit risk borne/ faced by the Group.
- Work towards improving overall Group credit portfolio by instilling credit risk best practices.
- Address/ facilitate correction of any weaknesses identified during assessments, audits, or examinations .
- Coordinate activities with business units to ensure the timely processing of customer credit requests within established TATs.
- Possess an understanding of business processes and controls in all related credit/ operational areas.
- Maintain an understanding of all pertinent regulations as well as best practices pertaining to the overall credit operations.
- Support in risk management training across all business areas within the Group.
- Maintain utmost confidentiality in regard to customer information gathered in the credit assessment process.
- Ensures high standards of confidentiality and ethics to safeguard commercially sensitive information.
- All other ad hoc duties and/or activities related to the Bank that management may request of the employee from time to time
Candidate Requirements:
- Bachelor degree in finance, economics or related subjects.
- Masters or Professional certification such as PRM, CPA, CFA is preferred.
- You must have a Minimum of 7 years' experience in a major bank of which at least 2 years in a supervisory capacity in risk function.
- Knowledge of the latest banking regulations and relevant accounting standards (including IFRS 9), with particular emphasis on credit-related issues and credit modelling methodologies.
- Excellent quantitative modelling, analytical, and research skills.
- Experience in working with Microsoft Excel (financial modelling) and complex data sets.
- Knowledge of financial markets and products.
- Proficiency in risk concepts, banking products/ operations/ systems, pertinent regulatory requirements, International Accounting Standards and related pronouncements.
- In-depth understanding of credit risk methodologies (KMV, CreditMetrics, etc.), interest rate modelling [short rate models, HJM, BGM, etc.], VAR, and/or other complex financial risk modelling highly desirable.
- Adequate knowledge of IT systems/ applications.
- Self-motivated, eye for detail.
- Ability to work with others and lead teams from diverse cultural backgrounds.
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