Credit Risk Associate Job Description
Credit risk associate
provides support for portfolio credit risk oversight and governance by tracking the actual performance of risk appetite and credit risk management metrics.
Credit Risk Associate Duties & Responsibilities
To write an effective credit risk associate job description, begin by listing detailed duties, responsibilities and expectations. We have included credit risk associate job description templates that you can modify and use.
Sample responsibilities for this position include:
Follow up on transaction execution
Assist in developing and/or revising Intraday Liquidity Risk Policies and Guidelines & Procedures, as needed
Work with senior Credit Risk officers to incorporate and adhere to MSWM reporting standards Federal reporting mandates (Basel/CCAR) requirements
As team member, the GWM Credit Risk Associate participates in reviews led by GWM Credit Risk team members
Ensure consistent application of firm wide Risk Policy GWM Credit Review policies and procedures
Perform credit diligence on an ongoing basis
Provide a cohesive and comprehensive approach to ratings, risk assessment, portfolios, clients and sectors within multiple sectors
Partner with CIB Coverage, Global Corporate Banking, DCM, ECM, Treasury Services and Sales and Trading groups to ensure client needs are met and credit exposures are accurately assessed
Recommend credit decisions and escalate to Credit Executives for final approval decision
Structure and negotiate credit agreements, commitment papers, ISDAs and Treasury Services documentation with counsel and coordinate implementation
Credit Risk Associate Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Credit Risk Associate
List any licenses or certifications required by the position: RICS, CCB, MBA, FRM, CFA
Education for Credit Risk Associate
Typically a job would require a certain level of education.
Employers hiring for the credit risk associate job most commonly would prefer for their future employee to have a relevant degree such as Master's and Bachelor's Degree in Finance, Statistics, Economics, Accounting, Business, Mathematics, Engineering, Information Systems, Physics, Education
Skills for Credit Risk Associate
Desired skills for credit risk associate include:
Consumer risk management and governance concepts
Access and PowerPoint
MS Excel
System development life cycle methodologies
U.S. credit bureau data
Affordable housing
Government policies
Industrial
Multifamily
Retail
Desired experience for credit risk associate includes:
Experience with relational databases, especially Oracle
Numerical literacy and a good understanding of financial modeling, P&L, and risk
Experience tuning high-performance algorithms is a plus
Intermediate to advanced level skill in Excel and Access (create/run queries
Minimum 3 years previous work experience in a Corporate Finance or Accounting related field
Must have credit risk commodities experience
Credit Risk Associate Examples
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Credit Risk Associate Job Description
Job Description Example
Our company is looking for a credit risk associate. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for credit risk associate
- Conduct counterparty annual and interim reviews
- Review of legal trading documentation in consultation with Legal and the business
- Handle daily requests from trading desks in a timely manner
- Monitoring - Maintaining up to date risk information and the ongoing monitoring of hedge fund performance and credit worthiness
- Performs credit analysis on individual borrowers in order to establish borrower risk ratings
- Assists in daily monitoring of borrower’s business and financial performance through monitoring of financial and industry information (conference calls, news releases, financial results, ), regulatory changes, third party analysis including rating agency publications, and other early warning signals
- Conduct annual RAF reviews, including providing any additional analysis as required by the CAA Team Lead , Risk Managers, new regulatory standards
- At an early stage work closely with the business on the risk aspects of any new transaction under consideration and provide direction and guidance as required to ensure the eventual deal structure adequately mitigates key risk concerns
- Review Single Name Strategies and Transaction Requests within agreed timelines and/or turn-around benchmarks, highlight exceptions to applicable policies and guidelines, and suggest enhancements
- Ensure an appropriate balance between Risk and Return
Qualifications for credit risk associate
- Make approval or decline recommendations
- Work with internal and external legal counsel to prepare loan documents
- Product knowledge leveraged loans, swaps, FX, equities
- Programming experience in at least one OO language and at least one scripting language
- Knowledge of derivatives and sound understanding of basic quantitative concept relating to risk sensitivity and stress testing
- Good written and verbal communication skills and must be able to make clear recommendations & conclusions
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Credit Risk Associate Job Description
Job Description Example
Our company is looking to fill the role of credit risk associate. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for credit risk associate
- Working with the Directors in the team the new joiner will help adjudicate new credit requests, preparing risk documents for submission to the European Head of Credit and European Chief Risk Officer (CRO)
- Complete regular credit reviews of existing loans, and work closely with other business and functions teams to monitor existing loans
- Actively contribute to GRM being viewed as a trusted centre of expertise for all issues relating to the sectors covered in London
- Maintain a thorough understanding of the Bank's credit policies and procedures
- Completion of regular reporting tasks
- Initial review and analysis of reports produced
- Develop and/or update standards and procedures to ensure robust credit management
- Participate in credit product/ program review and approval process
- Work closely with Legal and Documentation teams to ensure that documentation requirements are current and robust
- Ensure high level of integrity and accuracy of credit information prepared by PB- Credit Manager for senior management, the Board of Directors, and regulatory authorities
Qualifications for credit risk associate
- Reviewing and approving credit submissions and property due diligence in a timely manner
- Assessing the risks/opportunities on new lending assessing the risks associated with increases in existing client credit
- Developing collaborative relationships with business development and relationship managers, central credit risk management division and internal client risk analysis teams
- You will assist with the structuring of transactions, reviewing legal terms providing general advice and analysis to the business areas
- 8+ years of US real estate debt and/or equity experience in a large financial institution
- Familiarity with structured products including A / B-note and mezzanine structures required
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Credit Risk Associate Job Description
Job Description Example
Our growing company is looking to fill the role of credit risk associate. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for credit risk associate
- Serve as SME for tactical credit governance processes and methodology, supporting the US Card DCO and Line of Business teams throughout the credit decision lifecycle
- Provides administrative support to the DCO and Line of Business teams by coordinating and validating credit decisions through the credit decision lifecycle
- Own credit governance oversight reporting and manage internal credit governance deliverables
- Establishing limits philosophy and managing counterparty credit limits
- Sector research
- At an early stage, work closely with the business on the risk aspects of new transactions under consideration and provide direction and guidance as required to ensure the eventual deal structure adequately mitigates key risk concerns
- Review Single Name Strategies and Credit Requests within agreed timelines, evaluate the risks and highlight exceptions to applicable policies and guidelines and recommend appropriate course of action to GRM executives
- Actively follow business and financial performance through continuous monitoring of financial and industry information, regulatory events, external rating agency movements, KMV and other early warning signals
- Ensure a continuous improvement culture with particular focus on reducing non value added processes
- The primary purpose of this role is to ensure the development of an effective IFRS 9 and CCAR measurement platform
Qualifications for credit risk associate
- Collecting and organizing information from subject matter experts
- Working with cross functional teams in business and IT to apply field naming standards and create attribute definitions
- Partner with capital advisory to assess the client's needs and objectives, financial situation, and risk tolerance to provide capital advisors with appropriate ratings to understand situation Prepare credit analysis and seek approval for all transactions, including loans, derivatives, and operating exposures, individually or as part of a deal team to ensure the credit products are delivered to the clients in a seamless manner
- Structure and negotiate credit agreements, commitment papers, ISDAs, GMRAs and documentation with counsel and coordinate implementation
- Perform credit diligence on an ongoing basis and remain current on all aspects of the credit relationship, including exposure, compliance, potential problems and opportunities
- Provide credit expertise in structuring and/or pricing loan and derivative transactions
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Credit Risk Associate Job Description
Job Description Example
Our growing company is looking to fill the role of credit risk associate. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for credit risk associate
- This role also assists in technical solutions related to stress testing, including high-priority US CCAR developments
- Collaborate with team members responsible for methodology development and program implementation / execution
- Facilitate increased integration of forward-looking credit projection in BAU processes
- Execute implemented technologies to perform scenario analyses and analyze results for communication to senior management, with focus on business and risk implications
- Assists in preparation of documents and presentations pertaining to implemented technologies and/or analyses
- Assist the advanced approaches modeling team with model development, analytics, and performance monitoring
- Assist Tokyo office with the modeling process, providing documents or analytics as necessary
- Learn the basic tenets of credit analysis and credit modeling with work focusing on models for Probability of Default (PD), Loss Given Default (LGD) and Exposure at Default (EAD)
- Assist management with staying abreast of changes in the regulatory environment
- Day-to-day execution of stress testing projects, which requires calculation of key risk parameters, utilizing data processing techniques, employing statistical methodology, , documentation, back-testing and validation
Qualifications for credit risk associate
- Self-starter able to meet deadlines and work independently contribute to HFR team goals when required
- Understanding of business within region (local legal entities )
- Demonstrated research capabilities
- Being the Credit expert for a portfolio of Financial Institutions
- Meeting clients and leading due diligence meetings
- Russian language would be beneficial
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Credit Risk Associate Job Description
Job Description Example
Our company is growing rapidly and is hiring for a credit risk associate. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for credit risk associate
- Preparing credit papers for new transactions, annual reviews, and quarterly reviews / watchlist reports for submission for approval through relevant discretion processes and where appropriate, present those credits at relevant Credit Committees
- Assisting the Senior team members in the preparation of Global / Regional Industry reviews
- Requesting increases / changes in limits following Credit approval
- Maintaining data integrity of appropriate Credit Risk systems and ensuring they reflect the approved sanction
- Approving utilization of sanctioned limits within discretion
- Approving excesses within authority of agreed limits and ownership of resolution
- Supporting ensuring that the approvals are within the defined Limits and Mandate and Scale set for the Sector
- Ensure the establishment and effectiveness of credit policies, underwriting standards, risk limits and approval authorities
- Support and mentor junior staff in the group
- Designated customers will be more complicated ones than those assigned to Junior Credit Analysts, such as lower graded customers, customers with a large credit exposure, customers with structured finance transactions and customers with complex corporate structure
Qualifications for credit risk associate
- Have good knowledge of transaction structures, documentation and banking products sufficient to assist with (and sometimes lead) the execution of new deals and amendments
- Leading the documentation of new transactions and amendments to existing transactions in conjunction with legal counsel
- Experience in traded products and the credit approval process
- Experience within the Financial Services industry advantageous with exposure to risk management desirable
- Partner with other bank groups to ensure completeness and accuracy of transaction and market data feeds stable and resilient systems for counterparty credit exposure and stress calculations
- Strong analytical and quantitative skills with large data sets