Senior Analyst – Credit Risk recruitment
You will be responsible for reviewing credit facility proposals from various financial institutions, private banking, large coporates, corporate, islamic, treasury and retail customers. This will include assessing the quality and creditworthiness of various obligors and counterparties by conducting thorough financial and credit analyses including validating various feasibility studies. industry and various consultants reports.
Responsibilities:-
-Proactively ensures the key result areas of the department are complied and met, if not surpassed, by actively participating in the evolution of credit policies procedures as well as developing the Credit Application to a more professional and universal standard;
-Proactively ensures non-creditworthy customers are not granted credit facilities especially if various rigid criteria, tests, and screening are not met;
-Proactively supports the Head of the Department by performing activities which help identify risks if such are within the assigned Credit Risk Strategy that reflects the Group’s tolerance for risk and the level of profitability the Group expects to achieve for incurring such various credit risks; and
-Proactively uses standardized processes for evaluating credit proposals ensuring that all approved credits are within the bank's Credit Risk Strategy.
-Coordinates, liaises activities with all business units in the Bank, Corporate Banking, International, Regional, Local Branches, Representative Offices, Affiliates, Financial Institutions, Treasury, and Retail Branches in order to provide support in terms of granting credit facilities to all borrowers and counterparties in these various branches and countries where the bank has presence;
-Builds and maintains strong and effective relationship with all the above departments, branches and units to achieve the Group’s goals/ objectives;
-Provides timely and accurate information to the external and internal auditors, the Compliance function as and when required;
-Adheres to the Turn Around Times (TATs) specified in various Service Level Agreements (SLAs);
-Ensures appropriate updates on regulations pertaining to credit risk review that are promulgated by QCB, if any, are obtained regularly.
-Performs independent review of Retail, SMEs, Private Banking, Corporate, Islamic, Regional and International clients and ensures that credit proposals are in accordance with professional and standard rules, principles, best-practices, established and approved credit risk policies and procedures, QCB and Basel II guidelines;
-Assesses financial statements feasibility studies by identifying and analyzing key risk associated with specific credit such as risks related to borrower’s business, industry, demand supply risks, market risk, technical, management, foreign exchange fluctuations and its impact on borrower's sales performances, potential changes in market and world environment;
-Reviews client’s quarterly or semi-annual risk assessment reports submitted from various branches / business units and reclassifying client’s credit ratings according to performances, fulfilment of obligations, compliance to various covenants;
-Provides technical expertise by requiring various GMs and/or RMs to comply in a timely manner the Credit requirements, customer documents, missing pertinent info or data spotted by the incumbent related to credit applications done to evaluate the creditworthiness of the borrowers;
-In the course of evaluating credit proposals, upgrades or downgrades ratings of customers by preparing a report which analyzes the various credit risks measuring a final credit risk rating including a historical assessment of the requested facility, the borrower, its management and background, industry, country analysis, external agency credit rating (if applicable), financial and cash flow analysis;
-Recommends approval as well as decline of credit applications if these have the potential of not being able to stand a chance of repaying the facility due to non-viability of the project, no clear source of repayment, unsecured, unsatisfactory track record, etc;
-Coordinate activities with business units to ensure the timely processing of customer credit requests within established TATs.
-Possess an understanding of business processes and controls in all related credit/ operational areas.
-Maintain an understanding of all pertinent regulations as well as best practices pertaining to the overall credit operations.
-Maintain utmost confidentiality in regards to customer information gathered in the credit assessment process.
Education/Experience Requirements:
-University graduate with a degree preferably in finance, economics or related subjects.
-Minimum of 10 years experience in a major bank’s corporate or risk function especially doing packaging, structuring of facilities, knowing all bank products.
Required Special Skills:
-Excellent oral and written communication skills in English and Arabic (Optional).
-Good quantitative modelling, analytical, and research skills.
-Proficiency in risk concepts, banking products/ operations/ systems, pertinent regulatory requirements, International Accounting Standards and related pronouncements.
-Knowledge of financial markets and products.
-Good understanding of credit risk methodologies (KMV, Credit Metrics, etc.), interest rate modelling [short rate models, HJM, BGM, etc.], VAR, and/or other complex financial risk modelling highly desirable.
-Strong analytical skills and ability to communicate both verbally and written with all levels of management
-Self-motivated, eye for details.
Operating Environment/ Location:
-Located in Qatar and involves liaison with all business units in the bank.