Senior Credit Analyst

Employer
LMA
Location
London, United Kingdom
Salary
Up yo £65k base + Bonus + Benefits
Posted
Sep 08, 2021
Closes
Oct 08, 2021
Ref
12017289
Job Function
Risk Management
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
Our client, a prominent Middle Eastern Bank is looking to hire a Senior
Credit Analyst to join the existing team!

Role Principal Responsibilities, Accountabilities and Deliverables
  • Evaluating credit risk (financial, transactional and other) relating to new Corporate and Bank business proposals and making specific recommendations to the Credit Committee (and Board if necessary) through succinct presentations so that the bank can pursue good quality loans and other risk assets with timely decision-making.
  • Reviewing credit risk relating to existing business continuing on the bank's books, to confirm that credit risk remains acceptable in line with the bank's risk policies and appetite.
  • Objectively grading the quality of the clients in term of Bank's Risk Rating system through due diligence analysis, peer group data, and credits checking etc.
  • Assisting in determining that facilities/transactions presented meet and maintain minimum acceptable prudential risk standards and conform to the Bank's and the Group Credit Policies and Procedures. Managing and monitoring Credit Portfolio, and assess any potential risks on the assets quality, to ensure a timely action is taken.
  • Checking that spreading and financial analysis is correctly carried out in the Credit Lens and carry out appropriate re-classifications wherever necessary and ensure that Credit Lens grading of account is appropriately done and reflects the underlying risk.
  • Formulating the Credit Strategies and Policies, in line with the Bank's risk appetite. New guidelines usually accompanied with Action plans that to be agreed with all involved parties in the Bank.
  • Working with HO and other units and RMs to proactively provide support for their business activities and promote close co-operation between units with the Bank's group.
  • Monitoring financial, economic and political news from media sources on clients/countries regularly, in order to alert the Business/Management/HO and revise risk ratings in case of need, to enable the bank to take timely action to protect asset values where necessary.
  • Assisting line manager and Head of Credit Department in any project or strategy initiative as may be required, especially the audit, central bank requirements, or providing training on all aspects of credit risk analysis and credit procedures.
  • Ensure all internal training is completed within deadlines.
  • Ensure adherence to IFRS9 guidelines as part of credit review process and assist in quarterly IFRS9 review of the portfolio.


Leadership
  • In conjunction with the Head/Deputy Head of Credit, ensure that the implementation of the Credit strategy is in line with the business strategy and risk appetite.
  • Where necessary, ensure effective cascading to ensure vertical alignment and horizontal integration with other interfacing departmental strategies.
  • Manage the effective achievement of objectives through alignment of objectives, developing and motivating staff (where required), provision of formal and informal feedback and appraisal-in order to maximise departmental performance.
  • Organise and coordinate the activities to ensure that all work is carried out in an efficient manner, which is consistent with operating procedures and policy of the bank.
  • Assist Deputy Head of Credit in team management, work all location and any local level credit approvals.


Culture and Behaviours
  • Promote a risk management culture that provides good analysis, sound judgment, flexibility and a correct "risk/reward" balance.
  • Collaborate with business units to help to establish and maintain sound credit risk disciplines, policies and practices in the bank's portfolio.
  • Demonstrate awareness of current environment and provide exceptional pro-active and reactive support to the unit. This can be achieved by increasing volunteering of assistance if necessary and heightened risk sensitivity at work.


Risk, Compliance & Business Continuity
  • Ensure that Large Exposure limits are observed or there would be no potential breaches to the Risk Appetite statement.
  • Ensure that the necessary procedural aspects (e.g. CAF duly completed or confirmation of group structure included) had been covered when recommending a proposal.


Job Requirements

Knowledge
  • Knowledge of banking industry products/services.
  • Ability to collaborate and communicate effectively.
  • Analytical ability.
  • Ability to interact with the key stake holders in a multi-cultural environment.
  • Accuracy and attention to detail.
  • Ability to examine the linkages and interactions between different type of risks (credit; regulatory; operational; transactional; etc.).
  • Critical thinking and Decisiveness.
  • Ability to work under pressure.
  • Good language skills in English (Arabic would be an added advantage).


Education/Certifications
  • Bachelor degree in business or equivalent.
  • A globally recognised post-graduate Credit or Risk qualification and/or an institute of bankers or similar professional associateship or fellowship from a globally recognised institute (e.g.CFA,FRM,MBAorMSC).


Experience
  • 8-10 years relevant experience in FI and corporate credit functions including at least 4 years in positions of progressively increasing managerial responsibilities.
  • Minimum 2 years of International, GCC, or MENA experience would be a big advantage indicating a fair understanding of FI and corporate business clients, economic sectors, macro-economic factors and related country risks.
  • Fair amount of experience in assessing contract finance, real estate finance, corporate banking as well as Factoring/Trade Finance proposals.

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