International Credit Risk Analyst
Major Duties: Major duties include the following
- Performs assigned duties relating to the administration, risk management, and reporting of EMEA credit risk.
- Participates in the assessment of business and credit arrangements for risk committees.
- Become subject matter expert on economic and political developments in portfolio of c.12 countries where the bank conducts business. Forecast economic variables and political outlook; formulate country risk and sovereign borrower default rating recommendations; present written reports to the Country Risk Management Committee
- Working closely with the Country Risk Unit(CRU), SubCustody Network(Network), Global Financial Institutions(GFI), Credit Policy(CP) and theLegal, .
- The role will be instrumental in providing details with respect to client and internal communication around obligor, counterparty country risk. Drafting communications in conjunction with the above areas.
- Provides daily surveillance on developing market events alerting CP, CRU and other management as appropriate. Framework will be developed between CP, CRU, GFI Network. This is anticipated to cover country counterparty risk (including prime brokers).
- Act as primary liaison role between Country Risk and Network – AIFMD project has specifically noted the need to coordinate between Network and CRU around Bulletins and client communication in a crisis situation. Such support during London time-zone is essential.
- Prepare and provide input into country risk bulletins.
- Assistance in assembling and editing Country Economic and Political Risk Ensuring a consistent approach.
- In conjunction with other CP partners, become an expert on regulatory developments (particularly AIFMD) in custody/infrastructure issues impacting credit risk (obligor/counterparty/Corporation), understanding proposals, assessing impact and communicating impact and mitigation.
Knowledge/
Skills:
- Knowledge of:
- risk management,
- credit risk management,
- EMEA laws and regulations (including Basel II Final Rules) applicable to NT’s global custody and related credit products and services in EMEA.
- Analytically strong, evidenced through qualifications and work experience.
- International awareness and interest are required due to the global nature of the credit and related risks managed.
- In-depth knowledge of economics and of political science usually acquired through advanced education to forecast economic and political outlooks for selected countries is required.
- Strong analytical and writing skills in order to gather information and compile reports. Strong verbal communication skills in order to present economic and political information to internal audiences.
Experience/
Required: Proven experience in risk/counterparty credit, working for a bank specializing in institutional trust, custody, asset services,
Graduate (or equivalent) with further studies preferred such as CFA, ACA or MBA.
Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of investment management, asset and fund administration, banking solutions and fiduciary services for corporations, institutions and affluent individuals worldwide. Northern Trust, a financial holding company based in Chicago, has offices in 18 U.S. states and 16 international locations in North America, Europe, the Middle East and the Asia-Pacific region. As of December 31, 2012, Northern Trust had assets under custody of US$4.8 trillion, and assets under investment management of US$758.9 billion. For more than 122 years, Northern Trust has earned distinction as an industry leader in combining exceptional service and expertise with innovative products and technology.
We seek qualified people for a wide range of challenging positions and who are interested in building a career with a global growth company, excel in a team oriented environment, yet respect others and have strong values and principles. Northern Trust is an Equal Opportunity Employer and is committed to building a diverse workforce. We ensure our policies guide our behaviors to create and maintain a discrimination-free workplace. We support total diversity: gender, age, race, religion, sexual orientation, gender identity, ethnicity, physical disabilities, and marital/family status, among others.
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