VP Financial Institutions Credit Risk
Main Function
• Responsible for the effective credit risk management (evaluation of risk/exposure management) of designated industry/geographic sector(s).
Risk management of a portfolio of financial institutions comprised of US and Canadian banks and broker dealers, clearinghouses and exchanges, GSE’s, and superrnationals.
• Prudent and appropriate use of delegated discretion to approve the granting of credit approval in accordance with Bank policy.
• Ensure continued growth of the business without incurring unmanageable risks.
• Engage in assessing and making recommendations of proposals received from business development/product areas.
• Stay current with financial analysis and risk profile of the assigned sectors, borrowers and counterparties. Alert senior management to negative developments and trends for clients and segments
Main Duties
• Evaluation and proactive management of credit exposures to assigned names and their subsidiaries/associates.
• Monitoring of annual and quarterly financial performance.
• Preparation of annual credit and industry reviews; Preparation of presentation of larger, more complex group reviews to Group Credit Committee and The Bank’s Capital Credit Committee.
• Counterparty/borrower due diligence, including participation in calls on/meeting with counterparties with Relationship Executive or Sales Personnel. Attendance at bank meetings/analyst meetings, as appropriate.
• Evaluation and assignment of internal credit grades on an ongoing basis; Semi-Annual portfolio review and presentation; Negotiation of legal documents including ISDA/CSA, MSFTAs, MRAs, Give-up Agreements, and triparty.
• Continuous development of industry knowledge through research, contacts and participation in seminars. Continuous development of product knowledge in accordance with product offerings of the firm. Development of personal contacts with all product teams and related support functions. Accurate and relevant documentation of required information in all presentations in conformance with Bank policy. Processing of all Limits Requests/Product Proposals for the assigned names, preparation of recommendations to senior management for such names; Monitoring of limit utilization and excesses over limits for assigned names; referral of excesses with recommendations to senior management for authorization/endorsement, as necessary; Liaison with Risk Administration Unit staff relative to updating of Global Customer Information System (“GCIS”)/preparation of credit committee presentations; Responsibility for ultimate integrity of GCIS data for assigned names; Interact with product areas during new transaction proposals to better understand the risks involved. Maintenance and control of credit files for assigned names; Liaison with Legal Department on all documentation issues related to individual clients for all products.
• Evaluation and proactive management of credit exposures to assigned names and their subsidiaries/associates;
Monitoring of annual and quarterly financial performance Preparation of annual credit and industry reviews; Preparation of presentation of larger, more complex group reviews to Group Credit Committee and The Banks Capital Credit Committee. Counterparty/borrower due diligence, including participation in calls on/meeting with counterparties with Relationship Executive or Sales Personnel. Attendance at bank meetings/analyst meetings, as appropriate; Evaluation and assignment of internal credit grades on an ongoing basis; Semi-Annual portfolio review and presentation; Negotiation of legal documents including ISDA/CSA, MSFTAs, MRAs, Give-up Agreements, and triparty. Continuous development of industry knowledge through research, contacts and participation in seminars. Continuous development of product knowledge in accordance with product offerings of the firm. Development of personal contacts with all product teams and related support functions. Accurate and relevant documentation of required information in all presentations in conformance with Bank policy. Processing of all Limits Requests/Product Proposals for the assigned names, preparation of recommendations to senior management for such names; Monitoring of limit utilization and excesses over limits for assigned names; referral of excesses with recommendations to senior management for authorization/endorsement, as necessary; Liaison with Risk Administration Unit staff relative to updating of Global Customer Information System (“GCIS”)/preparation of credit committee presentations; Responsibility for ultimate integrity of GCIS data for assigned names; Interact with product areas during new transaction proposals to better understand the risks involved. Maintenance and control of credit files for assigned names; Liaison with Legal Department on all documentation issues related to individual clients for all products.
Basic Qualifications:
• Undergraduate degree
• 2+ years experience using Excel
• 5+ years of experience in credit analysis
Preferred Qualifications:
• Master’s degree with major in Accounting or Finance.
• Strong credit risk management experience covering financial institutions Knowledge of capital markets transactions required.
• Solid knowledge of capital markets products, Financial Institutions sector, and market risk analytical skills
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