VP – Credit Officer
Corporate Credit Risk (CCR) is the credit risk management function that supports Global Banking Markets.
Global Banking Markets includes corporate banking, investment banking and sales trading. The group provides services to middle-market and large corporations, government entities and institutional investors. These services include mergers and acquisition advice, equity and debt capital raising, corporate lending, sales and trading in fixed income, commodities, currency and equities, risk management, research, and liquidity and payments management.
CCR is responsible for analysing and underwriting debt financing solutions and derivative strategies for medium and large corporate clients of Global Banking Markets.
CCR partners with teams across Global Banking Markets including Trade Service Partners and Global Treasury Management to drive business growth and results while maintaining appropriate risk discipline specific to the corporate credit portfolio.
Integral to CCR’s mission is its partnership with other branches of Global Banking Markets’ Risk Management organization in order to effectively manage and monitor the credit, market and operational risks related to the corporate portfolio.
Responsibilities
The CCR Leveraged Finance Risk Team is responsible for the credit risk approvals and management for LBOs and for Financial Sponsor-owned counterparties.
You will be a senior member of the team and with the support of junior team members, you will assume the responsibilities of a primary credit officer and will principally be responsible for (i) managing all credit risk aspects of a portfolio of Leveraged Finance counterparties; and (ii) leading the Credit Risk involvement in the review, approvals and execution for new Leveraged Finance transactions. These would, inter alia, involve:
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Being the first port of call regarding credit-related matters for your portfolio.
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Ensuring adherence to credit and other relevant internal policies and practices.
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Senior level interaction and collaboration with origination/product bankers
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Senior level interaction with the clients in your portfolio.
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Ensuring timely and insightful annual and interim credit reviews including assessment of performance against forecasts and compliance with terms and conditions.
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Preparation of credit papers and ancillary documentation including collaboration with origination/product teams in this effort particularly for new transactions.
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Dynamic monitoring and reporting of credit risk profiles and trends including effecting timely risk rating changes.
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Making recommendations regarding risk management appetite and strategy to achieve the optimum risk/reward balance.
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Prompt escalation, as may be appropriate, regarding developments and recommendations for required action.
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Review of due diligence and involvement in due diligence sessions.
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Independent assessment and recommendations to Approval Committees and Senior Risk Approvers regarding the creditworthiness of proposed transactions.
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Collaborating with origination/product teams, internal/external counsels and clients on the structuring and documentation for debt financings, derivative transactions and operational/treasury products.
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Leadership, tutoring and mentoring of junior team members.
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Involvement in the preparation of periodic reviews and recommendations for Leveraged Finance portfolio as a whole.
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Participation in strategic projects and initiatives.
Requirements
Essential:
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Track record of collaboration with origination/product partners, clients and other stakeholders to achieve the optimal risk/reward balance.
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Detailed knowledge and in-depth experience of the EMEA Leveraged Finance Market and trends
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Detailed familiarity with Leveraged Finance transactions, products, structures and documentation
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Sound product/technical and process knowledge across lending and derivative products.
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Strong credit and analytical skills.
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Ability to manage a portfolio and to independently assess counterparties crossing diverse industries and jurisdictions.
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Strong risk judgement and ability to articulate and defend the same.
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Strong modelling skills
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Excellent written and verbal communication skills.
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Strong negotiation and structuring skills
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Strong leadership, tutoring and mentoring skills.
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Sound product/technical and process knowledge across lending and derivative (FX, rates, commodities and equities) products.
Desirable:
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Additional European language skills are an advantage but not essential.
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