Risk Manager 4

4 weeks ago


Raleigh, United States Vantage Point Consulting Inc. Full time
Location: Raleigh, NC or NYC

Contract Length: 12 months

Description
Department/Job Overview:
Background :
  • The team is an independent control function, of the Board of Directors Risk Committee, that provides timely assessments of Client exposures and practices related to the management of risk.
  • Also functions as a liaison between internal business partners and constituents, the Board, and the various regulatory agencies. CRR is a high-performing organization focused on close partnership and alignment to the various lines of business leaders, control, internal audit and the risk approvers.
Purpose
  • CRR is responsible for providing an independent assessment of the quality and the management of risk. You will be working closely with Risk Management (CRM), Front Office credit risk units, CRM Governance, and Internal Audit to ensure:
  • The US and global loan and derivatives portfolios are appropriately reviewed.
  • Potential weaknesses at the obligor and/or portfolio level are reported, and appropriate remediation plans are agreed upon with the relevant business partners.
  • Risks and credit issues are properly reflected in both the local and global risk frameworks as necessary.

Key Responsibilities:
Credit File Review
  • Evaluate activities of lending and transaction support personnel in the Corporate Bank and Credit Risk Management, ensuring compliance with policies, approvals, monitoring and risk assessment.
  • Review loan underwriting practices including Probability of Default Rating, Transaction Rating and US Regulatory Rating (where relevant) and adherence to relevant credit policies.
  • Identify obligors and transactions with potential credit weakness and any relevant trends.
  • Identify existing and/or emerging risks and credit issues relating to credit quality and management of credit risk including but not limited to:
    • Gaps in risk rating accuracy, underwriting, credit approval, monitoring, relationship management and credit administration activities.
    • Portfolio concentrations.
    • Trends, overall condition, and emerging risks within the loan portfolios.
Credit Portfolio Review
  • Execute continuous and periodic risk-based loan review programs for US and global loan portfolios as directed.
  • Identify portfolio trends at the sector/industry level.
  • Monitor an assigned credit portfolio on a continuous basis, conducting transaction reviews of new business, and summarizing results and recommendations in periodic reports.
  • Ensure the aggregate risk profile is understood, is within risk appetite and is reflective of current market conditions.
  • Ensure emerging risks are identified and highlighted to senior management.
  • Provide senior management and the Board with an objective assessment of the portfolio.
Reporting and Interface
  • Prepare executive summaries, periodic reports, and presentations summarizing findings and recommendations to the Board and its Risk Committee and executive management.
  • Recommend policy and procedural changes to executive management, and business and credit units to correct deficiencies identified during reviews and strengthen the credit process.
  • Develop and implement a program for analyzing economic and industry data to identify potential impact on the institution's loan portfolio.
  • Evaluate the adequacy and effectiveness of credit data and credit tracking systems.
  • Provide assistance and consultation to Front Office business divisions, credit personnel, auditors, and regulatory examiners.
Qualifications
Essential Skills:
  • 10+ years of senior experience in wholesale credit risk in an underwriting or adjudication capacity, or as a bank examiner focused on wholesale credit.
  • Comprehensive understanding of credit risk management rules, SNC process, US regulatory ratings and regulatory examination process and practices (required).
  • Experience underwriting, assessing, and approving leveraged lending transactions and an understanding of SR-13-3 (critical).
  • In-depth knowledge of lending products.
  • You have a partnership mentality with respect to the Client enterprise.
Desired Skills:
  • Strong negotiating and communication skills.
Experience Level:
  • 10+ years senior experience in credit risk with a large multi-national bank or as a bank examiner
Education :
BA, MBA is a plus
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