CRM Risk Review
Credit Risk Management is part of the Risk Division. CRM serves the bank from twenty-one locations across the world. The CRM mission is to manage overall credit risk for Credit Suisse consistent with the bank's appetite, policies and business objectives. The Chief Credit Officer (CCO) and Head of CRM for Credit Suisse Group resides in NY with Regional Chief Credit Officers (RCCO) from Asia Pacific, Americas, Europe/Middle East/Africa and Switzerland. Regional Credit Management is responsible for all counterparty risk arising out of both institutional and individual client bases. Products covered include loans, derivatives, trading, inventory positions, mortgages and asset backed lending.
CRM responsibilities include developing and administering credit policies and procedures, working in partnership with the business divisions to facilitate and approve transactions, rating countries and counterparties, approving credit limits appropriate to the strength and standing of the counterparty, monitoring counterparty exposures and performance and mitigating unacceptable risks, working out distressed credits and dynamically monitoring exposures, including country exposure and impaired assets, and setting and managing portfolio limits.
This role sits within the Global Risk Review, Policy and Regulatory Coordination Team. This team reports directly into the COO for CRM and is independent of the regional credit units. The candidate will assist the Director in the Risk Review / Credit Policy group in carrying out their duties, namely conducting risk reviews and follow up risk reviews of CS' credit units on a rolling basis, review and analysis of rating models, rating variance studies, update of credit policies, regulatory projects and other analyses or reporting as required.
Essential:
- Conduct risk reviews of CS credit units including; verifying the transparency of rating justifications; assessing the quality of the underlying credit analysis and credit process; ensuring adherence to CS credit policies, guidelines, procedures; and recommending improvements based on CS and industry best practices.
- Assist with SEC ANC Application process with respect to CRM requirements.
- Develop and review credit policies, guidelines, and procedures in line with internal processes, industry standards and regulatory requirements.
- Conduct training for credit analysts and officers on new policy requirements and processes.
- Evaluate, testing, implementing and updating rating models across a broad range of sectors.
- Co-ordinate model reviews with internal model developers and validation.
- Review quarterly ratings variance reports to highlight differences between internal and external/model ratings, and provide qualitative analysis on the differences.
- Supervise and train junior team members on risk reviews, preparation of rating variance and regulatory reports and ad hoc projects.
- Ensure risk reviews meets standards and requirements established by the bank key regulators, FRB, FSA and FINMA
- Deep knowledge of credit, market or operational risk regulation and ideally experience of working on regulatory model applications.
- 7 to 10 years of credit experience at a large commercial bank or investment bank, credit experience should ideally be as a credit analyst or credit approver;
- Solid understanding of credit exposure methodology concepts for derivatives and capital market products;
- Understanding of loan and derivative trading documentation;
- Solid understanding of finance, accounting, banking products and capital markets products;
- Understanding of PD and LGD models and rating approaches for credit risk management
- Highly organized with the ability to efficiently and accurately multi-task;
- Excellent oral and written communication skills;
- The preferred candidate should minimally have an undergraduate degree (preferably in finance, accounting, or economics);
- Ability to work well in a team and a relationship builder
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