Critical challenge and detailed review of credit submissions from Front Office providing recommendations to Approvers within CD, EMEA or Head Office.
A second line of defence role providing credit risk management / oversight of new credit transactions, in designated sectors within the Financial Institutions (FI) and sovereign credit portfolio across the EMEA.
Provide the effective credit management of client relationship and exposures within designated sectors within the FI Credit portfolio across the EMEA.
Role's coverage and background:
Report to senior management for booked Financial Institution (FI) transactions, with a team of c.6 specialist Credit professionals.
Main focus of the responsible area is Non-Bank Financial Institutions, such as private equity funds / financial sponsors, investment trusts / asset managers, and insurance companies. Experience and knowledge on sovereign and Bank obligors in developed countries will be advantageous.
Manage credit portfolio including applications and approval process, and emerging credit developments in conjunction with Front Office (first line of defence).
Engage with Front Office professionals and provide appropriate challenge on risk issues / develop workable solutions to mitigate risk issues.
Act as primary reviewer initially on specified portfolio of clients, determined by country and Front Offices. Depending on experiences and actual performance after joining, the individual will be considered to be appointed as Senior Credit Officer as second reviewer.
Team Structure: 2 Directors, 1 VP, 1 AVP, 1 Analyst and 1 Temporary Staff as direct reports as well as 1 Senior Credit Officer as colleague
Assist in management of FI credit portfolio with primary responsibility for management of credit applications and monitorings.
Assessment of new transactions - team handles c.900 deals per annum, and related credit monitorings.
Management of under-performing / deteriorating credit situations through continuous monitoring and through of credit and market experience.
Exercise strong risk assessment methodology toward new transactions and management of a portfolio of FI clients (including Problem Assets), across a broad variety of sectors, geographies, and asset / product types.
Working as a trusted partner with Front Office deal teams to ensure delivery to clients whilst maintaining high credit quality. Articulate Credit Department risk perception and appetite for a transaction in line with bank policy and procedures, manage the interaction and communication with front office teams, and attend meetings with clients where necessary.
Experience and capability to take a complex FI transaction from inception to approval with limited supervision.
Flexibility to work to tight deadlines under pressure (including ability to work outside of contracted hours from time to time / as workflow demands), to give prompt responses to customers.
Collaborate with other risk and compliance functions where appropriate to ensure enterprise wide view of risk is considered.
Assist other members of the team by proactively taking work in a manner which ensures work is fairly distributed, particularly in times of strong workflow / staff absences.
Develop relationships within the team: provide guidance and advice to colleagues; express well-reasoned arguments and influence senior management; and assist in recruitment and training of more junior staff.
Willingness / flexibility to be involved in ad hoc projects supporting the strategy of FI credit team and the wider department / institution.
Draw on expertise and professional knowledge to propose innovative solutions / improvements to status quo.
Exemplify strong credit management and analytical skills to more junior staff, sharing experience to assist in their professional development, and build expertise within the team.
Take responsibility for on time on budget delivery of results.
Very meaningful experience in a credit management role within a major international bank, with likely to have seen a broad range of products / transaction types and some experience of varying credit market conditions.
Degree level education and / or relevant professional qualifications, and a track record of continued learning and development.
Strong working knowledge of key products including familiarity with documentation and market trends.
High level of IT literacy, strong written and verbal communication skills (supporting preparation of succinct and focused credit papers), and strong interpersonal skills (supporting collaboration / teamwork).
Experience of problem asset management / work-outs and experience within a Front Office role is desirable.
Have a network of professional relationships within the financial, legal and corporate communities and up to date knowledge of trends in FI credit markets across EMEA.