Credit Risk Officer

2 weeks ago

New York, United States LevelUP HCS Full time

The Credit Officer-Senior makes decisions within the limits of his/her lending authority or makes recommendations and is primarily responsible for credit synopses for which he/she has prepared the loan records. Guided by the highest quality standards in analysis and decision-making (White Area), the CO-S takes into account the riskiness of an exposure to which he matches the amount of work and depth of analysis required- even deviating from applicable standards, if necessary. The CO-S works out possible loan structures and/or risk mitigation schemes with the competent group relationship manager in internal exposure discussions. He/she may get actively involved in meetings with customers in the case of risk-critical and/or complex credit structures. Further to his/her primary risk responsibility, the CO-S shares responsibility for the performance (gross/value contribution margin) of the exposure he/she processes. He/she handles the one-step credit processing for the borrowing entity incl. the relevant German and non-German borrowers and thus acts as Group CO. In doing so, the CO-S is guided by the strategic goals, business policy focus and in particular by the Bank’s credit risk strategy.


Responsibilities:

  • To improve the risk result and the risk quality of the credit portfolio within his/her responsibility
  • To balance risk and return focus
  • Timely accurate and independent analysis of the financial and economic circumstances of single borrowers and borrowing entities (spreading of annual financial statements) as well as assigned industries and decision-making taking into account the most relevant segmentation criteria applicable to each case on hand
  • Valuation of collateral and its documentation
  • To fix the Rating in a consistent and risk-sensitive manner in compliance with the applicable guidelines and to overrule Ratings, if necessary
  • To provide advice and support to the Market unit in the internal exposure discussion
  • To get actively involved in meetings with the customer occasionally, to hold regular contact by telephone in the case of risk-critical and/or complex credit structures and/or ensure direct access to all relevant electronic deal systems (e.g. intralinks)
  • To check the contract documentation (especially credit and collateral agreements) and to ensure that the decision is implemented, in particular with respect to any restrictive provisions, covenants and/or collaterals
  • Identification and early detection of risks, perception of risk signals with proactive approach, maintaining name and accurate data in the Early Warning Tool (EWT and/or Credit Watchlist)
  • Risk classification (situational) in cooperation with other COs to ensure a consistent, comprehensible credit policy
  • To take into account portfolio targets
  • To monitor and define deteriorations in creditworthiness and to pass on such commitments to the Intensive Treatment units in line with the applicable guideline (right/duty to tender)
  • Duty to inform Group Head or Head of Department of process disruptions, problematic cases, relevant decisions in individual cases
  • To comply with the Service Level Agreements in terms of quantity and quality
  • To ensure data quality (e.g. Rating, Exposure Grids, Collateral, CRR etc.), especially with respect to regulatory requirements (Basel II, KWG)
  • To promote the transfer of know-how and experience as well as team spirit
  • To assist the Head of Department or Group Head in performing risk-management tasks in their area (e.g. portfolio analyses)
  • To act as an instructor or speaker in internal qualification measures and to junior staff in training
  • To verify and act on daily and weekly overdraft reports, reporting violations
  • To maintain follow-up on conditions/preconditions and their respective fulfillment
  • Responsible for special projects, such as preparing for audit
  • Miscellaneous responsibilities as required


Experience /Qualifications/Education:

  • Several years of experience in the analysis and decision of credit exposures in corporate lending operations with in-depth credit know-how, ideally supplemented by special preparatory training
  • Solid finance and accounting background
  • Comprehensive financial modeling/projections and sensitivity requirements
  • Minimum BA/BS in a business-related discipline; MBA/CFA a plus
  • Comprehensive knowledge of legal and tax matters relating to the credit business
  • Comprehensive general and business management knowledge as well as knowledge of industry analyses
  • Comprehensive knowledge of the wide range of finance products
  • Excellent verbal and written communication skills

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