Credit Risk Manager Job Description
Credit risk manager
provides effective challenge to rating and underwriting decisions and credit strategies proposed by first line Credit Risk management teams.
Credit Risk Manager Duties & Responsibilities
To write an effective credit risk manager job description, begin by listing detailed duties, responsibilities and expectations. We have included credit risk manager job description templates that you can modify and use.
Sample responsibilities for this position include:
Collaborative working with stakeholders including the CRM Data Team, Commercial Systems, Risk Reporting, Portfolio Management and Finance to drive forward improvements to CRM's data infrastructure, ensuring the environment provides the necessary information for a strong analytics function
Develop strategy for portfolio growth and performance assessment
Participate and provide support for origination and collections scorecard development
Recognize and quantify emerging risks for various segments
Complete and manage ad hoc analytics to support portfolio performance and growth
Enhance monthly reporting
Determine appropriate methodologies for delinquency, NPL, and loss forecasting
Prepare and present presentations to communicate with LOB, Risk Committees, Board, Consumer Finance Executive team, Federal Reserve, and other stakeholders
Interact with Audit and address all audit findings related to credit risk
Develop approaches and review assumptions across risk methodologies, with emphasis on the Bank’s wholesale and retail credit risk
Credit Risk Manager Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Credit Risk Manager
List any licenses or certifications required by the position: FRM, CFA, PMP, RMA, PMI, PMO, CIA, CPA, NACM, OSHA
Education for Credit Risk Manager
Typically a job would require a certain level of education.
Employers hiring for the credit risk manager job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Finance, Economics, Statistics, Business, Mathematics, Accounting, Engineering, Computer Science, MBA, Physics
Skills for Credit Risk Manager
Desired skills for credit risk manager include:
Risk rating methodologies and credit risk assessment processes for commercial real estate loans
General corporate credit analysis
Identify client issues and conflicts
Industry trends
Proactively communicate solution options to client and team
Systems
Credit and risk management
SQL
Credit policies / underwriting standards
Financial markets
Desired experience for credit risk manager includes:
Master's degreein Engineering, Computer Science, Statistics, Economicsor equivalentis required
5+ years’ experience in Credit Risk and/or Credit Risk Supplier Management role
Escalate with recommendations those credit applications that exceed discretionary limits and established guideline
FISERVE experience is an asset but not required
University degree in a quantitative discipline
Strong knowledge of regulatory capital rules on CCAR, DFAST and ICAAP
Credit Risk Manager Examples
1
Credit Risk Manager Job Description
Job Description Example
Our company is searching for experienced candidates for the position of credit risk manager. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for credit risk manager
- Raising, drafting and clearing audit observations with stakeholders
- Drafting and preparing audit reports for final clearance and delivery with senior Internal Audit management
- Participating in assessment of risk and preparation of quarterly business reviews (QBR) presentations deliver to the Group Chief Auditor
- Managing the delivery of audit plan relating to credit risk management processes and credit risk measurement approaches to ensure the use of sound risk management controls and regulatory compliance
- Conducting stakeholder meetings with Regional and Global Credit Risk Officers and regulators
- Leading the planning and scoping of special reviews and projects covering credit risk management
- Supports Relationship Bankers in business development through financial/credit analysis of prospects and clients
- Collects all necessary client prepared information, completes client financial statement spreadsheets, and may create projections of client’s financial condition
- Prepares and presents written credit memoranda for credit approval and then provides periodic updates of client credit quality to Credit Risk Management
- Mentors and participates in training of junior analysts
Qualifications for credit risk manager
- Familiarly with regulatory initiatives, such as BCBS 239 or the IMM (internal model method) would be an asset
- OCPA preferred
- O5-8 years experience in financial and/or risk areas within a financial services, insurance, or regulatory organization working with credit risk and/or allowance for loan and lease losses
- OResults driven and self-motivated individual with a demonstrated ability to improve operational processes and operate in a team environment
- OSound problem solving skills, including the ability to identify obstacles or issues and work independently to develop and propose solutions
- ODemonstrated ability to organize and present complex topics and analysis in a clear and concise manner (written and verbal)
2
Credit Risk Manager Job Description
Job Description Example
Our innovative and growing company is looking for a credit risk manager. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for credit risk manager
- Be the data champion in the team, using data to provide insight into the activity
- Conducting risk assessments on the portfolio’s new and existing counterparties to determine the credit worthiness and likelihood of performance
- Serving as an expert of various risk and economic-thinking topics
- Partnering with the business team to continuously improve reporting capabilities to drive profitable actions
- Collaborating with other capabilities such as Accounts Receivable and Collections, Cash Applications, Accounts Payable, Procurement, and Compliance to leverage knowledge and uncover actionable insights
- Utilizing networks to add value by seeking and obtaining superior knowledge both internally and externally
- Collaborating with the commercial and legal teams to properly structure credit agreements and cultivate new business development opportunities
- Managing and developing an analyst
- For derivatives trading activities provide trade sizing and trade approvals for London and Asia activity in accordance with standing orders and delegated authority
- Provide timely support/facilitation to the front office for transactions where required obtaining approval of transactions outside current approved limits
Qualifications for credit risk manager
- ODemonstrated financial analysis, quantitative, conceptual, risk assessment, and analytic skills
- Strong analytical abilities and a thorough understanding of account principals preferred
- Computer Skills - Microsoft office products with strong Excel and Access skills
- Agility, flexibility, adaptability, a self-starter with a can-do attitude
- Minimum 6 years experience in Risk and Asset Based financing knowledge strongly preferred
- Strong understanding of capital markets, financing structures, derivatives and cash management products related documentation
3
Credit Risk Manager Job Description
Job Description Example
Our growing company is searching for experienced candidates for the position of credit risk manager. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for credit risk manager
- Approving Customer/Vendor Master Workflow requests for assigned business units
- Performing DSO forecast and cash flow analysis for assigned business units
- Customer/Vendor visits as needed
- Reviewing the Aged Trial Balances for assigned business units
- Working with the business unit sales teams to assist in managing customer relationships
- Completing assigned OGSM's including leading small to medium projects
- Backing-up US counterparts
- Ad-hoc requests including those requiring SAP data mining ability
- Direct, oversee and plan audits, resource requirements and operational processes to ensure audits are executed and completed in accordance with established time frames
- Oversee and execute the follow-up of findings arising from internal audits and regulatory reviews in accordance with established standards and timelines as assigned
Qualifications for credit risk manager
- 5+ years of demonstrated knowledge of C++ application development
- Experience managing significant change and large multiple-stakeholder projects
- Proven Leadership skills with experience managing people
- Background/knowledge of the credit process in the wholesale bank and advanced techniques to measure counterparty risk
- Ability to make quick decisions in a high volume environment
- Ability to balance multiple and changing priorities
4
Credit Risk Manager Job Description
Job Description Example
Our growing company is looking to fill the role of credit risk manager. 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 manager
- Evaluate credit opportunities
- Coordinate and communicate critical account information independently and directly to various related parties including the Business Line, product groups and credit divisions
- Participate in special assignments and projects as required
- Provide Head of Policy, Strategy & Valuation Analytics with timely, relevant, and material credit risk updates on strategies, performance, and emerging risks with proposed action
- Independently generate analysis using quantitative and statistical skills that contribute to enhanced, profit based, portfolio management and strategy
- Develop & enhance credit strategy supporting EL/PD/LGD modeling, CLTV framework, Loss Mitigation, HELOC Line Management, EOD/EOT Framework, Originations scorecards
- Analyze and interpret large complex datasets to draw meaningful insight in an effort to identify issues, trends, and make strategic recommendations
- Recommend, justify, and implement policy change that improves portfolio revenue, mitigates credit loss, and ensures portfolio performs within established risk tolerance level
- Provide recommendations & updates pertaining to credit risk at the Retail Risk Policy Committee, Pricing Committee, and Product Boards to ensure adequate vetting of proposals to balance risk vs
- Present analytical findings with the ability to influence and gain support from key stakeholders and business partners
Qualifications for credit risk manager
- Preference will be given to candidates with trading floor risk oversight experience from a large FI
- Good understanding of Risk, knowledge of Credit Risk processes and Cash Products sound understanding of and long term experience with Financial Institutions
- Strong technology experience with proven track record in implementing risk-related software applications
- Excellent command of MS Office products, VBA programming skills preferred
- Exposure to Fixed Income and Equity products
- Bachelor’s degree in accounting, finance, or economics from an accredited college/university
5
Credit Risk Manager Job Description
Job Description Example
Our growing company is looking for a credit risk manager. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for credit risk manager
- Maintain Archer Issues and Action updates for CSCM unsatisfactory BUTM and ORE corrective action plans
- Assist with obtaining Operational Risk Events that occur across CSCM
- Manage Corrective Action Plans as a result of Operational Risk Events to ensure completion within the assigned completion dates
- Actively engage and collaborate with business partners to ensure proper completion, management, and documentation of all Operational Risk Events, Root Cause Analysis, and Lookback events
- Adhere to and encourage a consistent approach when conducting Root Cause and Lookback Analysis on events that occur across business lines/processes
- Through the Root Cause Analysis process, assist in the investigation and determination of the root cause of an event with the objective of preventing reoccurrence
- Facilitate and execute efforts within CSCM to remediate issues that arise from Operational Events, internal or external exams or Consumer Complaints
- Assist with the creation and maintenance of Compliance procedures
- Support Manager on major projects and initiatives and manage status and project deadlines
- Closely monitor the KPIs for application conversion, and identify causes to abnormalities in data and performance
Qualifications for credit risk manager
- Incumbent will need to be a self-starter and work with minimal direction
- Graduate Degree preferred or progressive work experience in addition to experience below
- Working knowledge preferred of SAS Enterprise Miner, FICO, Model Builder or Angoss Knowledge Seeker
- Experience preferred in data modeling and risk management either from a business administration, statistical, mathematical, scientific or financial background
- Experienced in developing and presenting recommendations to Senior Management
- Must have experience with due diligence process and documentation requirements