Corporate Credit Risk Intern recruitment

JOB DESCRIPTION

NAME:   KnownAs FamilyName

DEPARTMENT:  GLOBAL / EMEA Credit Department

JOB TITLE:  Intern Credit Analyst - Global-EMEA Corporate
Credit

CORPORATE TITLE:    General Staff

EFFECTIVE DATE: August 2012

TASKS AND RESPONSIBILITIES:

Tasks and Responsibilities:
This position is based in London, U.K. and is part of a combined
team of around 5 people.
The person will report directly to the Global-EMEA Head of
Corporate Credit (and indirectly to the UK Head of Credit).
The person will assist the credit analysts for the coverage of
Corporates (around 60 clients) from a regional and a global
perspective (credit assessment of new requests and renewals,
portfolio monitoring).
Close communication will be required with all team members, Market
and Portfolio analysis Risk team, Global Risk teams, SFG, Business
Lines, trading desks, legal and compliance.
Credit analysis, set up and monitoring description and opinion will
be required for any of these counterparties.
This role also requires coordinating with credit teams in other
geographies to ensure consistency.
This role also requires to actively assist the analysts in managing
workflow and priorities (managing a good balance between new
requests and renewals).

• CREDIT ANALYSIS
Assist in the review of existing and new client files including
product lines as above. Responsibilities include evaluating credit
and transaction risk profile by performing detailed credit analysis
which include :

a. Prepares credit applications for Newedge EMEA files and memos
for files under Global delegation.
b. Researches counterparty's background data via financial
statement analysis, references inquiries, credit history reviews,
Internet research, Bloomberg database etc.
c. Managing the credit approval process by liaising with relevant
departments and tracking progression of files. Performing necessary
follow-up.
d. Conduct due diligence either by phone, at Newedge offices or at
client premises to better understand the client's business and add
value to the risk assessment conducted by Newedge.
e. Calculates key credit risk indicators and profitability
collection.
f. Inputs financials/economical information into Newedge Rating
Tool and recommend Rating
g. Makes recommendations about requested trading or applicable
limits.
h. Upon completion, submits the credit file to Credit Risk
Management for the Credit Risk Committee's final review and
approval.

• MONITORING
a. Monitors customers' credit ratings.
b. Liaise with Market Risk and Monitoring to assist analysts
providing credit comments on customers overruns
c. Ensures that account mapping is properly done.

• PROCESSES
a. Responsible to update Arccad as per the notification, credit
committee decisions and temp approvals.
b. Notifies Front Office Coordinators and Management of the
approved trading limits and conditions.
c. Runs risk exposures reports for Credit Applications.
d. Uses JIRA/LIRA and/or Credit Application data base.
e. Ensure systems and controls are in order : limit systems, limit
status, guarantees, ratings

• ADHOC REQUESTS
a. Assist credit analyst in responding to ad hoc questions from
Newedge Group CRO, Group Head of Counterparty Risk Newedge UK /
EMEA and Group CEOs.
b. Provides Front Office and SFG with credit status and limits for
accounts.

• PROJECTS
Assists as needed in any project to support the Credit
Department.

SUPERVISION DUTIES:

N/A

SKILLS AND EXPERIENCE NEEDED:

Skills and Experience:
Industry experience would be helpful, with a concentration in
credit and market risk analysis covering futures and options,
treasury, OTC cash FX, SWAPS, fixed income securities, equities,
securities financing and cash management products.

The pipeline for new business is volumetric. This role requires
assisting the Credit Manager to actively manage workflow and
priorities.

The candidate will need strong analytical and quantitative
skills that lead to effective decision-making. This could be from a
credit, market risk or trading background. For example the
candidate should be able to identify illiquid assets and quantify
liquidation costs in stressed markets.

Understanding of credit management principles, concepts,
practices, and standards and the ability to apply them to business
requests and situations will be essential. The candidate should
know their way around a balance sheet, income statement and
financial ratios.

Additional skills expected

• Excellent communicator - role requires interaction with market
risk, IT, sales, trading, senior management, credit, compliance,
external vendors and clients.
• Strong initiative
• Time management. Balancing daily duties with general
responsibilities can be a challenge.
• Team player: effective worker in a team with a flexible attitude
in helping colleagues if required.
• Languages: Fluent English essential
• Flexible attitude: To accommodate workflows and priorities.
• Conflict resolution skills must be inherent with the ability to
tell salespeople "NO"
• Strong organizational planning skills
• Ability to speak with impact to middle and senior management.
(Presentation skills to credit committee)
• University degree in finance, accounting or economics

REQUIRED REGISTRATIONS:

N/A

POSITION WITHIN HIERARCHY:

Reports to Global-EMEA Head of Corporate Credit