Senior Credit Manager recruitment
Role Overview
The Risk Management department, part of the Risk Management Vice Presidency, has an overall responsibility for the formulation of the Bank's risk management strategy in its Banking and Treasury functions. Within the Vice Presidency, the Risk Management group is responsible for the independent management of risks arising from the Banking and Treasury portfolios and consists of Credit Transaction Analysis (Banking portfolio), Credit Portfolio Review (Banking portfolio), Treasury Credit Risk Management, Portfolio Risk Management (quantitative analysis) Corporate Recovery and Operational Risk.
Credit Portfolio Review assess, monitor and report on credit quality of banking exposures from signing until maturity. The portfolio includes the full range of products used in Banking, ranging from debt to equity, predominantly non-sovereign risk, and spanning all sectors including financial institutions.
The Senior Credit Manager reports to the Director, Credit Portfolio Review.
Key Responsibilities and Deliverables
- Responsible for monitoring the financial and operating risks of a part of the portfolio of the Bank's signed projects.
- Regularly review individual projects and counterparties, establish risk ratings of exposures, make recommendations for impairment, and from time to time provide input in the form of a credit note to the Operations Committee.
- Identify and present trends in portfolio segments to feed into strategic overviews and planning.
- Regularly review fair valuations of equity investments to establish fair market values in accordance with IFRS and other relevant guidelines.
- Make decisions on waivers and amendments on individual projects in line with Bank policy and procedures, including pricing changes and restructurings.
- Participate in the preparation of a quarterly Risk Management document for reporting to the Board on risk measures across the banking portfolio and comment on individual high risk projects.
- Ensure a close dialogue on individual projects as well as wider sector and accounting issues with Banking project operation leaders and members of the operations teams, including Corporate Recovery, and with other Risk Management teams and the Finance Department.
- Provide input as appropriate into credit policy issues and internal methodology across various risk management topics.
- Participates as appropriate on specific projects on a wide range of issues.
Essential Skills, Experience Qualifications
- An appropriate qualification such as an MBA/accounting from a good quality institution.
- At least 10 years of commercial bank experience preferably including credit and lending and/or equity experience is expected.
- Financial credit analysis of corporations in major industrial sectors and financial institutions, with particular emphasis on project lending. Assessment of counterparty and project credit risk.
- Understanding and experience of equity investments.
- Pricing of risk and control of risk through legal documentation (covenants).
- Strong focus on private sector risk.
- Familiarity with commercial bank operating procedures and systems with particular emphasis on risk monitoring.
- Good level of computer literacy.
Desirable experience:
- Workouts and problem projects.
- Understanding of the economic and political environment in Central and Eastern Europe and the former Soviet Union.
Competencies Personal Attributes
- Analytical - able to tackle issues and problems in a logical, step by step way with an eye for detail.
- Business Judgement - the ability to focus on the individual risks while at the same time looking at the broader business picture and the impact of recommendations and actions on the individual projects and overall portfolio.
- Team Player - a collegiate approach with strong interpersonal skills, adaptable with the ability to respond appropriately to others in a constructive manner, whilst at the same time having the ability to stand one's ground where necessary.
- Communication skills - delivers information in the right format to differing groups; effective writing skills; excellent English speaking and writing ability is essential.
- Initiative and Problem solving - recognises and anticipates emerging problems and takes initiative using his/her knowledge of risk mitigation structures when seeking solutions.
- Results orientated, resilient individual who is able to work autonomously to achieve objectives focusing on the delivery of targets and quality whilst working to tight time schedules, and able to handle a high volume of work.
- Multicultural - ability to operate sensitively in multicultural environments and build effective working relations with colleagues.