Manager, Credit Risk Job Description
Manager, credit risk
provides credit expertise to both Commercial Banking Credit Risk (US) and Commercial Banking coverage in support of the expansion of the Commercial Bank in Western Europe.
Manager, Credit Risk Duties & Responsibilities
To write an effective manager, credit risk job description, begin by listing detailed duties, responsibilities and expectations. We have included manager, credit risk job description templates that you can modify and use.
Sample responsibilities for this position include:
Maintain awareness of industry best practices, industry performance, and rising credit risk issues
Execute and document appropriate quantitative and qualitative tests, review of the logic and conceptual soundness of credit risk rating systems/parameters and their inputs, accuracy, sensitivity, scenario and back testing, benchmarking and analysis of the use of the rating system and parameters
Keep abreast of advances in credit risk validation analytics
Lead small to medium projects by driving activities such as business requirements gathering, business process mapping, analysis and program design
Partner with other team members to perform peer reviews of new functionality/deployments in other systems or modules
Establish and monitor local and global risk parameters
Forecast performance based on these parameters
Assess and ensure policy and guidelines support and coincide with agreed risk tolerances
Manage, assign and assess work load for Consumer Finance risk team members
Interact and communicate key risk concepts and findings with local and global LOBs
Manager, Credit Risk Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Manager, Credit Risk
List any licenses or certifications required by the position: FRM, CFA, PMP, RMA, PMI, PMO, CIA, CPA, NACM, OSHA
Education for Manager, Credit Risk
Typically a job would require a certain level of education.
Employers hiring for the manager, credit risk 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 Manager, Credit Risk
Desired skills for manager, credit risk include:
MS Word
Credit adjudication
Excel and audit software tools
Analytics and risk management practices
Commercial corporate banking
Credit risk processes
Industry
SAS
Financial services industry and the credit fundamentals of different asset classes
Quantitative validation and vetting techniques
Desired experience for manager, credit risk includes:
Ten plus years of relevant credit approval and or line-lending experience in a Private Bank setting
Experience, planning, scoping and managing audits in the credit risk discipline
Experience in credit risk management gained through being a credit risk analyst/ approver or working in risk review function at a major investment/ commercial bank
An extensive understanding of risk analysis and ratings assignment processes (including under the Advanced Internal Ratings Based Approach) and rating models
A good understanding of market risk measurement requirements and methodologies under Basel regulatory capital calculation approaches
Five years proven statistical analysis and/or MIS experience, or equivalent
Manager, Credit Risk Examples
1
Manager, Credit Risk Job Description
Job Description Example
Our growing company is looking for a manager, credit risk. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for manager, credit risk
- Meet with peers, internal and external auditors and validation teams, regulators to provide updates on the challenger program’s evolution and future enhancements
- Managing the Structured Derivatives Team in Budapest
- Develop and enhance the Credit Risk Modelling (CRM) monitoring capability
- Engage with modelling teams on reporting activities to address issues and propose solutions, bringing to the discussion a good understanding of CRM's data infrastructure and how it is used in model reporting
- Deliver on analytical projects that provide actionable insights to improve portfolio performance
- Ensure all new approved credit is aligned with risk appetite and will maximize profitability over the long term
- Promote best practices and leverage appropriate risk technologies (OMDM, StrategyWare, and TRIAD) for all strategy and policy changes
- Coordinate development, manage and implement SBB credit risk strategy projects to improve operational efficiency, drive new business, and manage the risk of the portfolio
- Managing the planning, budgeting, scope, execution and delivery of change assurance and global audits of the CSG Credit Risk Management or Counterparty Credit risk Management (CRO) functions
- Advising Senior Audit Management of ongoing issues and emerging risks
Qualifications for manager, credit risk
- Risk Data Aggregation and reporting would be an asset
- Advanced university degree, preferably in a quantitative field, such as Finance, Mathematics, Science or Engineering
- Minimum of 8+ years experience in leveraging data/analytics to drive profitability for a financial institution
- 5+ years of managing a team of quantitative and business analysts
- Required experience in multiple risk management disciplines and a deep understanding of the business to identify cause/effect relationships
- OAccounting, Finance, Statistics, or similar undergraduate degree
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Manager, Credit Risk Job Description
Job Description Example
Our company is searching for experienced candidates for the position of manager, credit risk. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for manager, credit risk
- Contingency planning on a product-by-product basis
- Supporting and facilitating sales efforts / ICM growth strategy by presenting clients and markets to CRM in order to get their buy-in / credit approvals
- This role involves senior level face off
- Monitor and assess the post-implementation impact of risk management strategies
- Provide analytical and strategic support in a fast-paced start-up environment
- Liaison with and maintain relationship with Scorecard and Decision Engine service provider
- Ensure credit risk reports are comprehensive, accurate and timely
- To assess and approve credit applications raised by IBG1/2 units
- Train and coach direct and indirect reports on activities within all areas of responsibility
- Encourage, maintain and enhance cross-functional team relationships to ensure timely communication of issues as related to the area of Credit Risk Management
Qualifications for manager, credit risk
- Strong understanding of HR, Payroll, Facilities, Finance and IT business processes intra and inter-departmental functions and interdependencies
- 3 years of experience in counterparty credit risk management
- Extensive knowledge of securities/capital markets products
- CPA, CFA, MBA or other relevant masters level degree
- Knowledge of ISDA/CSA, MSFTA, and MRA documentation
- Minimum of 8 to 15 years of exemplary experience as a commercial loan officer preferred
3
Manager, Credit Risk Job Description
Job Description Example
Our innovative and growing company is searching for experienced candidates for the position of manager, credit risk. 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 manager, credit risk
- Conduct routine analysis of trends within the industry to use as a benchmark for improving workflows and decision rubrics
- Assist with the completion of ad hoc or periodic information requests related to counterparty risk from senior management in Front Office, Group Risk Management and Regulatory Reporting team
- Assist other Counterparty Credit Risk team members in monitoring all counterparty limits and trading activities within Global Markets and I&TS
- Ensuring that in accordance with BCBS239, all staff preparing counterparty credit risk reports
- Establishing credit limits and assigning risk ratings/codes for new/existing customers and preparing risk analyses for advance payments
- Performing vendor risk analyses for assigned business units
- Managing distressed customers/vendors for assigned business units
- Providing risk management guidance to reduce bad debts or business disruption
- Ongoing monitoring of assigned customers/vendors
- Providing quarterly customer updates to management
Qualifications for manager, credit risk
- Experience working with transaction oriented financial systems data repositories
- Management experience will be considered an advantage
- 7 years commercial collections experience including a minimum of 2 years management experience in a high volume, fast paced environment
- Ability to work strategically to prioritize and multitask
- Requires a thorough knowledge of the BNS Group's lending policies, procedures and practices in order to deal with the number of assigned units (portfolios vary)
- Degree in a numerate discipline or a minimum of 2 years analytical experience in a financial environment
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Manager, Credit Risk Job Description
Job Description Example
Our company is growing rapidly and is hiring for a manager, credit risk. 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 manager, credit risk
- Maintain team
- The Credit Risk Training Manager will be responsible for supporting a large team of Credit Risk Associates and Analysts in training and development needs
- Participate and actively manage the credit review, CIP and risk monitoring process of a diverse global institutional and high net worth client base covering a broad array of trading and derivative products
- Perform timely and independent credit analysis on the firm’s trading counterparties, utilizing fundamental credit analysis while taking into account the quantitative and qualitative factors including quality of its management, their trading strategies and risk management practices
- Perform and document AML CIP on institutional clients and work with the AML officer on issues
- Work with the salespeople and high net worth clients to obtain a deep understanding of the client’s financial position, through the review of personal financial statements, cash flows, tax returns, available collateral, diverse and sophisticated portfolios through meetings with clients
- Develops, prepare and analyzes key risk metrics and trends in support of monthly, quarterly and credit committee packages
- Interface with internal and external auditors regulators on exams of the credit risk management function
- Responsible for the management of a loan portfolio of general industrial companies
- Monitor assigned credits
Qualifications for manager, credit risk
- Highly developed critical thinking, analytical and problem-solving skill
- 5-10 years of specialized lending and/or credit experience
- Minimum of 7 years of experience in credit risk management
- Excellent knowledge of asset classes traded in the global financial markets with a focus on secured financing transactions and Prime Finance activities such as securities lending and equity/credit total return swaps
- In depth knowledge of the market conventions and pricing issues for derivative instruments traded in credit and equity markets
- 5 years of experience in a market risk or trading products role at a Senior Analyst or Manager level
5
Manager, Credit Risk Job Description
Job Description Example
Our growing company is looking for a manager, credit risk. 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 manager, credit risk
- Oversees project managers in the development, implementation and ongoing execution of assessments
- Maintains an internal and external network to assist in the timely identification of actual or potential risk issues, the communication of best practices
- Ensure that all internal and external audits and exams reflect an effective and continuously improving credit risk assessment process
- Proactively manage the portfolio in accordance with the Risk Framework and Risk Appetite
- Releasing blocked orders at assigned approval matrix level
- Performing bad debt and DSO forecast plus cash flow analysis for assigned business units
- Act as an liaison and primary communication channel between CRM and IT on issue resolution, status, project execution and prioritization
- Project Manage remediation projects from issue identification through execution
- Create and maintain formal detailed documentation for all projects including project plans, organizational and/or consumer impacts, methodology, management and compliance approvals, validation activities, and other requirements as defined by the Lookback standards
- Complete trend analysis of ORE root causes and identify mitigation opportunities
Qualifications for manager, credit risk
- Experience optimizing large complex systems
- 4-year Bachelor’s degree in Business Administration, , Statistics, Economics, Marketing, Finance or other related field
- Master’s degree in Computer Science or Statistics
- Experience with working in a fast-paced start up work environment
- Bachelors degree or higher required for this position
- Experience in credit, underwriting or process is a must