Manager, Credit and Counterparty Risk recruitment

Objective:

To provide independent credit and counterparty risk management and control within the defined risk appetite.

Key Responsibilities:

• Maintaining and developing an effective credit counterparty risk management framework to enable articulation of a meaningful risk appetite and management of risks.

• Prepare, process and analyse all daily, weekly, monthly and ad-hoc management reports for management review including escalation.

• Oversee the credit counterparty risk arising in the Treasury unit including positions and unwanted concentrations,

• Review and approve credit counterparty limits at counterparty, sector and country level.

• Ensure fit-for-purpose analytics for credit counterparty risk including exposure, VaR, sensitivity and stress testing capabilities are in place either internally or via third-party suppliers and working effectively.

• Oversight of the lending books including the mortgage loan portfolio.

• Assist in development of specific analytics for the mortgage loan portfolio (rating, default probability, expected loss).

• Develop an oversight program for independent oversight of adherence to credit counterparty risk targets in the investment management activity.

• Provide clear, effective and timely analysis and advice to colleagues and the CRO enabling clear risk-based assessment and decision-making.

• Provide decisions on credit and counterparty issues within signing authority of this role.

• Provide general assistance for the development of the Risk Function including on-going projects, streamlined procedures, data quality and reporting.

Additional Responsibilities:

• Direct reports based in Jersey and part of a senior three-person team reporting to the CRO.

• Responsibility for the whole of group counterparty and credit risk globally.  

• Can take operational decisions – would need to refer strategic decisions to the CRO.

• Secretary and key contributor to the Treasury Management Committee.

• Establishing, monitoring and managing counterparty limits across the group (all businesses, all locations)

Skills required:

• Counterparty risk analysis

• Credit methodology

• Presentation skills

• Capital requirements

• Credit Risk experience ideally including counterparty credit risk analysis and approval.

Interviews are to be held next week so please apply immediately or call Dee Savjani on 020 3206 1916