Portfolio Credit Risk Lead
Portfolio Credit Risk Lead
This role requires a strong hands-on credit expert who will help drive credit policy, take responsibility for credit modelling, as well as providing advice on credit risk methodologies and new deals.
Key Responsibilities:
- Contribute to group-wide policy for portfolio credit risk through the provision of portfolio credit methodology and credit model validation
- Understanding any changes in portfolio credit risk policy / requirements required across the Group and the implications of changes across the asset estate and reporting results
- Identifying any shortfalls or inconsistencies in the portfolio credit model or underlying credit data, and identifying improvements in the way assets are modelled
- Contribute to the process for identifying and validating the Portfolio Credit Risk models, including the provisioning of all documentation to meet internal and regulatory requirements
- Identify the specific requirements for modelling of portfolio credit risk, curve construction credit modelling, including any underlying complexities and, by consulting with the various stakeholders, help to achieve sign-off to these requirements
- Through the use of appropriate technologies, contribute to the pricing of deals and the provision of new functionality to the core risk engine and/or the analytics library
- Advise team members and customers on complex issues surrounding portfolio credit risk management
Skill Requirements:
Required Qualifications
- Degree level education
- MSc or PhD advantageous
Specific Experience
- Senior portfolio credit risk practitioner with over 10 years experience, acquired in banking or insurance, of credit risk management and credit risk technology with an excellent understanding of complex financial products, portfolio credit risk management and advanced approach regulatory compliance.
- Successful track record in formulating and driving policy and deriving the necessary solutions and processes to deliver and manage portfolio credit risk and ensuring the consequences of any decisions are well understood across the group
- Experience of single name credit, understanding of balance sheets, debt and funding options.
- Ability to direct quantitative resources in pursuit of strategic business aims.
- Developed understanding of credit factor models and their implementation.
- Developed knowledge of Bloomberg / other trading tools which can be used to derive price and structuring information.
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