Senior Manager – Balance Sheet Management – Credit Portfolio Management recruitment

The Balance Sheet Management Team is responsible for;

• ensuring origination adds value to the WICR Portfolio by assessing marginal risk-return contribution to Target Portfolio Risk-Return Profile and Risk Appetite;

• analysing the WICR portfolio to assess risk-return contribution, identifying risk optimisation and distribution opportunities, and development and implementing a Target Portfolio Risk-Return Profile .

• optimising and allocating capital effectively, mitigating risk via distribution channels in partnership with WBM PM, assessing the portfolio impact of complex transactions, and providing intelligence on industry best practice.

This is a new function within WICR, and will provide the opportunity for candidates to be involved at the grass roots level of building and implementing a function. This will suit pro-active individuals with good relationship management skills as well as highly developed analytics skills, and who like to get their hands dirty as well as contribute to development and implementation of forward looking strategy for BSM. 

KEY ACCOUNTABILITIES

• Assess Marginal Risk/Return contribution of origination to ensure credit risk consumed is appropriately rewarded.

• Assess fit of origination with strategic B/S Risk Management goals, Target Portfolio Risk Return Profile and Risk Appetite.

• Liaise with WBM Portfolio Management to ensure Risk oversight of origination and fit with Target Portfolio Risk-Return profile.

• Assess Origination and Business Strategy Capital Usage and fit with strategic B/S Risk Management goals.

• Provide Portfolio Risk-Return perspective direction and challenge on material credit products, markets and sectors.

• Apply portfolio analytics to identify Concentration Risk Spikes, Diversification Pockets, Best Worst Performers, opportunities for Risk-Return Optimisation and Risk Distribution.

• Apply portfolio analytics to determine Target Portfolio Risk-Return Profile and strategic B/S Management and Business goals.

• Assess impact of Change and execution of Optimisation and Distribution scenarios on Portfolio Risk-Return profile and provide MI and insight to senior management.

• Liaise with all functions in CPM to ensure appropriate capital treatment, support Risk Appetite, Strategy Sector Reviews.

• Apply portfolio analytics, and liaise with other CPM functions, to help balance Risk Appetite and Diversification to maximise Risk Adjusted Returns.

• Manage relationship with WBM Portfolio Management to identify and effect risk optimisation solutions through distribution.

• Actively contribute to process to ensure capital is optimised, allocated effectively, and managed to budget.

• Actively contribute to process to ensure liquidity is appropriately treatment in optimal capital allocation.

• Assess potential impact of complex transactions on WICR Portfolio Risk-Return profile and performance.

Provide intelligence on application of industry best practice in credit portfolio and B/S management

• 5+ years experience in Corporate Banking, with relevant product knowledge.

• A result-driven individual who can effectively work with others across different areas to deliver high quality solutions to tight deadlines.

• Educated to degree level in a relevant discipline.

• Previous experience in credit portfolio risk analytics, credit risk modelling, and practical application to managing portfolios.

• Previous experience in using internal (e.g. PAM) or external credit risk modelling applications (e.g. CreditManager, RiskFrontier) a distinct advantage.

• High level of risk analytics capability, including the ability to derive and implement portfolio risk metrics that will inform the development of a target WICR portfolio risk-return framework, and input to origination and optimisation decisions.

• Working knowledge of credit risk and balance sheet management techniques, economic capital, and current regulatory capital framework.

• Good banking and lending product knowledge including instruments used to achieve risk mitigation (CDS, securitisation, etc).

• Knowledge of liquidity management techniques an advantage.

• Ability to source knowledge on external industry best practice, and provide useful input to development of BSM practices.

• High level of data manipulation and management skills, and knowledge of existing bank systems, data sources and contacts.

• Ability to develop Data Management capabilities and strategies, including direct extraction, manipulation and transformation where required, as well as ability to produce specifications for extraction and transformation to be provided by outside sources.

• Well developed relationship development and management skills.

• Ability to communicate effectively, both verbally and in writing, at all levels of seniority and across different audience types.

• Ability to translate technical concepts and analytics outputs into useful and practical business insight, commentary, recommendations and Management Information.

• Ability to tailor communications appropriately to the target audience.

• Ability to contribute to the development of BSM strategy and business plans, compile and monitor project plans and drive to successful and timely implementation.

• Ability to work effectively within a team, and pro-actively with own initiative.

• Ability to build and lead a successful team, motivating, developing and appraising team members so that their individual and collective performance meets the current and future needs of the business.

• Well developed management skills, including ability to escalate issues in a timely manner and delegate where appropriate.

In conclusion our client is seeking a “technical lead”. Ideally this will suit someone that is more quantitative with previous experience of portfolio credit analysis and credit portfolio modelling in an active credit portfolio management environment. The experience will include experience in acquiring, specifying, transforming and loading data into portfolio credit risk models. Proven experience in Risk Frontier or similar model (Credit Manager or other internal model) a must.