Credit Risk, Vice President
The Credit Analyst will be responsible for:
• Effective credit risk management (evaluation of risk/exposure management) of credits within the North American Healthcare sector, including pharmaceutical, medical devices, acute care, managed care, and alternative site sub-sectors
• Prudent and appropriate use of delegated discretion to approve the granting of credit approval in accordance with Bank policy
• Ensuring continued growth of the business without incurring unmanageable risks
• Engage in assessing and making recommendations of proposals received from business development/product areas
• Stay current with financial analysis and risk profile of the assigned sector, borrowers and
counterparties
• Alerting senior management to negative developments and trends within the assigned sectors
Main Duties
• Prepare and oversee/add value to credit papers and industry reviews
• Present credit transaction requests to the credit committees, including larger, complex transactions.
• Maintain integrity of credit risk function whilst ensuring that the team continues to fully support Front Office relationship and sales staff
• Engage with IBD, Legal, Leveraged Finance, and Commodities to structure satisfactory credit terms in lien-based secured lending and trading documentation
• Where sector difficulties or client specific difficulties are identified, provide hands-on support to the team to ensure that appropriate action is taken to mitigate credit risk
• Development of personal contacts with all product teams and related support functions
• Liaise with relevant Industry CREs to ensure consistency of approach
• Supported by the use of both internal and external financial models, the candidate analyzes: (1) the probability of default of the client based on its capitalization structure, ability to generate cash flow to meet debt requirements, and (2) the loss given default/probable recovery of the principal due under the contract. The analysis to be performed for each transaction entails a thorough review of the client historical operating performance (analysis of balance sheet, cash flow and income statement), ability to achieve projected future results based on a set of variables (including, but not limited to, market conditions, regulations, competition, etc.), review of legal documentation with a specific focus on credit terms.
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