JOB SUMMARY
The role holder will be responsible for:
- Managing credit risk as part of the second line of defence ("2LoD") within the Specialised Finance ("SF") Risk for Corporate and Commercial and Institutional Bank ("CCIB") Financial Markets ("FM") businesses ("1LoD").
- This opportunity will suit a Senior Credit Officer / Director profile with the relevant background and proven expertise in corporate cash flow lending, specifically Commercial Real Estate, Leveraged Finance / direct lending, asset-backed lending (asset-backed securitisation, margin financing); and fund financing (NAV).
- The wider global team also covers Project & Export Finance and Transportation (Shipping & Aviation financing) asset classes.
The role will require you to:
- Will be involed in high volume deal screening and due diligence of new transaction requests from inception, with the ability to unpack complex situations or niche sectors to find out-of-box solutions, and value creation for clients.
- Having experience or previous exposure to underwriting and syndication standards, to there by be able influence structuring process
- Promote revenue growth whilst protecting against the downside risk by identifying the short- to medium-term risks.
- Act as the Credit Risk control owner under the Group's Risk Management Framework (including relevant Operational Risk Framework ownership for Credit Risk) and ensure a full understanding of the risk and control environment in area of responsibility.
- Credit approve 1LoD prepared credit applications and rating assessments using subject-matter expertise and manage a portfolio of unique counterparties with early-stage detection of credit deterioration
- Prepare and present periodic portfolio monitoring reviews with senior 1LoD stakeholders and senior 2LoD Risk partners.
- Awareness and understanding of regulatory framework in which the bank operates, and the regulatory requirements and expectations relevant to the role.
- Ensure that the relevant 1LoD and 2LoD owners understand and accept their risk management responsibilities, where risks are managed and risk-return trade-offs are made, in line with Credit Risk frameworks.
- Proactively seek for improvements in 2LoD and lead associated internal initiatives related to governance, regulatory, policy, or risk driven reporting.
- Ensure a robust effectiveness review process to Credit Risk and escalate significant matters and / or gaps in implementation to senior management and the relevant committees.
- Monitor compliance of approved risk appetite using the risk information reporting and highlight significant matters to the attention of senior management and senior risk committees.
RESPONSIBILITIES
Strategy
- Awareness and understanding of the Group's business strategy and model appropriate to the role.
Business
- Awareness and understanding of FM and wider businesses, economic and market environment in which the Group operates.
Processes
- Ensure effective management of the operational risks within the Risk and compliance with applicable internal policies, and external laws and regulations.
Risk Management.
- Dynamically manage a portfolio of asset classes and credit risk counterparties (often bespoke) in the global portfolio, understanding each client by geography, industry, and structural differences
- Have a relationship with Regulators
- Initiate stress tests as required by internal and external factors
- Act as the Credit Risk control owner under the Group's Risk Management Framework (including relevant Operational Risk Framework ownership for Credit Risk) and ensure a full understanding of the risk and control environment in area of responsibility.
Governance
- Actively participate in key committees through standing membership / invites.
- Ensure effective implementation of Group Policies / Circulars / Procedures.
- Ensure timely submission and accuracy of Specialised Finance credit portfolio data to the Risk Committee. These include, but may not be limited to, the following:
- Risk MI reports.
- Specialised Finance exposures (as required by local regulator reporting).
- Details of approved breaches of Group and Local Credit Policy (including details of mitigating circumstances).
Regulatory & Business Conduct
- Demonstrate comprehensive knowledge of applicable PRA and local regulatory requirements.
- Risk capabilities are objective, consistent and compliant with PRA and applicable regulations.
- Effectively and collaboratively identify, escalate, mitigate, and resolve risk, conduct and compliance matters.
Key Stakeholders
Internal
- Members of Group Chief Risk Office, Corporate, Commercial and Institutional Bank's ("CCIB") Risk teams
- Regional & Country Business, Product, Client Coverage Heads
- Regional & Country CEOs
- Group Heads of Control functions
External
- Prudential Regulation Authority (PRA)
- Key regulators in relevant locations
- Group and country's external auditors
- Economic and Industry Associations
- Counterparts in major financial institutions
Our Ideal Candidate
- Market Knowledge: Substantial experience at the highest level in the banking industry, including demonstrated success in similar role within the same product / business area. Leveraged Finance, CRE, Project Finance
- Regulatory Framework and Requirements: Awareness and understanding of regulatory framework in which the bank operates, and the regulatory requirements and expectations relevant to the role.
- Non-technical Skills: Significant relationship management experience - with external stakeholders at the most senior levels, including regulators.
Role Specific Technical Competencies
- CCIB Credit Risk
- Business Partnering
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