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Assistant Vice President, Credit Risk Analyst
Finance & Investment Industry Company
Central and Western, , Hong Kong
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Description
About Barclays International (BI) – Investment Bank
Barclays International is a diversified transatlantic business comprising our corporate banking franchise, which is market leading in the UK with strong international growth opportunities, our top-tier investment bank, a strong and growing US and international cards business, our international wealth offering, and leading payments capability through both corporate banking and the Barclaycard merchant acquiring expertise. Barclays International has scale in wholesale banking and consumer lending, strength in our key markets, excellent growth potential, and good balance in its revenue streams, delivering further resilience and diversification.
The Investment Bank is a leading provider of advice, financing and risk management solutions to companies, governments and institutions worldwide. We enable the movement of capital between those who need it and those looking to generate a return on investment. In doing so, we fund and facilitate global economic growth, helping millions of people to achieve their ambitions.
Our business is split into three core areas: markets, banking and research.
We provide Barclays with a diversity of income and risk, and deliver market execution services for customers and clients within other parts of the Group.
About Credit Risk
The Credit Risk department works with the business to independently quantify the appropriate level of risk for the client, for the firm and for our shareholders. We apply appropriate governance and control to ensure the right decisions are made using accurate calculation, assessment and recording of exposure and risk. We aim to have the best in class processes, models, systems and data integrity, thus attracting the best people and aim to be the employer of choice for Risk professionals.
Credit Risk is part of the wider Risk Function, which also encompasses Market Risk, Operational Risk, Risk Control and Risk Infrastructure
Overall purpose of role
• Member of the Credit Risk Hong Kong team, responsible for credit risk management of a portfolio of counterparty groups across North Asia (ex-Japan).
• Provide oversight, advice and challenge as a 2nd line of defence from credit risk management perspective under Enterprise Risk Management Framework (ERMF) – Credit Risk is one of six principal risks under the framework and typically arises from our core client and customer focused activities of lending and trading. The incumbent is expected to also be aware of the other five risks (e.g. Market Risk, Funding Risk, Operational Risk, Conduct Risk and Reputational Risk) when performing duties.
• Understand and implement the risk management process using the structured and practical process of a) Evaluate, b) Respond and c) Monitor as laid down under the ERMF framework.
• Engage in supporting continued growth of business and managing relationships of Barclays business and clients based on specialist expertise and knowledge whilst keeping sounds risk management standards and judgment.
• Contribute to the ongoing identification and mitigation of risks through the assessment of external influences and internal changes. Upon occurrence of a risk event, carry out root cause analysis which covers 1) identifying possible control/behaviour failures, b) lessons learnt for future risk assessment and c) documentation if control issues and timelines of resolution.
• Ensuring that the key principles under the covered portfolio are maintained within the agreed risk appetite, which is constantly evaluated per circumstances and macro-economic situation.
• Engage in assessing business proposals and identifying risks and recommending appropriate credit terms keeping Barclays’ commercial interests in mind.
• Timely and accurate reporting of North Asia Portfolio Risk for senior management purposes.
Key Accountabilities
• Conducting due diligence, preparing credit analysis reports, presenting and recommending credit proposals to senior management/sanctioners.
• Evaluate credit risk in transactions by taking a holistic view ensuring coverage of six Principal Risks and any material impact on achievement of Barclays objectives. The credit analysis should include sections such as industry/peer/sensitivity analysis providing detailed information about counterparty’s credit quality.
• Take individual ownership of transactions from initiation to credit sanction by interacting with relevant stakeholders and undertake complete diligence using exhaustive approach to assess credit metrics and debt servicing ability by continuously challenging assumptions in the projected business case ensuring judicious deployment of bank’s capital.
• Sanction proposals generated by the team using any delegated discretions.
Presentation
• Responsible for a subset of the combined North Asian (ex-Japan) credit portfolio, requiring proactive identification & presentation of risks including evolving industry dynamics and regularly escalating potential limit breaches to senior risk mgmt. while ensuring that the remedial steps are undertaken on a priority basis.
• Presentation of credit proposals to senior management /sanctioners /stakeholders from Coverage, Product and Risk. These presentations require strong written and verbal communication skills supporting a holistic, yet concise analysis of key credit issues and mitigants, which help the Credit sanctioners take timely and informed credit decisions.
• Takes ownership of understanding updates to relevant Credit Policies and Rating Models.
Negotiation/Communication
• Demonstrate strong negotiation skills by using factual information and being assertive while working on time-critical transactions with internal stakeholders. These negotiations are often under extremely tight timelines and for challenging credits where it is even more critical to ensure judicious allocation of appetite / deployment of bank’s capital.
• Ability to influence external stakeholders, i.e. customers through client meetings/ teleconferences by understanding & challenging assumptions in the client’s business model/projections, presenting Barclays’ views while discussing client’s debt-requirements , negotiating appropriate credit mitigants in loan facility agreements and ISDA/CSA documents for derivatives.
• Proactively update financial analysis of portfolio and demonstrate willingness to learn the new financial tools to gain product knowledge in accordance with the Bank’s key product offerings.
• Alerting senior management to negative developments and trends within the assigned sectors and clients in a timely manner and provide recommendation for appropriate action to be taken to mitigate risks.
• Work in partnership with Front Office and other infrastructure functions and take initiative in resolution of issues involving stressed credits focusing on timely communication and decision making by keeping relevant stakeholders informed.
Strategy
Identify product/tenor/client concentrations and emerging risk issues on a forward looking basis, engage with Management and thus play an important role in influencing the business strategy.
Innovation
• Actively review relevant policies, standards and procedures to remain current with existing guidelines and support Front office and other infrastructure areas accordingly.
Ensuring areas related to reputational risks are raised and addressed for proposals under review.
• Pro-active escalation when operational risk incidents are encountered specifically risk of breakdown in processes, controls or procedures, system failures or other external events.
• Demonstrates Barclays Values and manages related risks within the context of the individual role
Risk and Control Objective
All Barclays colleagues have to ensure that all activities and duties are carried out in full compliance with regulatory requirements, Enterprise Wide Risk Management Framework and internal Barclays Policies and Policy Standards.
Person Specification
• Bachelor Degree in a relevant discipline having 3yrs+ experience in credit risk management.
• Fully conversant in Chinese (Native Mandarin speaker preferred).
• Good understanding of investment banking products including loans & derivative products applicable to China and North Asian Corporates and FIs.
• Ability to conduct effective client due diligence and obtain required information through clear and succinct verbal and written communication skills in both English and Chinese.
• Comprehensive understanding of legal documentation (ISDA/CSA, loan agreements, etc). Ability to apply suitable terms in legal documents.
• IT competence including experience with MS Word, Excel & Powerpoint.
• Strong interpersonal, communication and negotiation skills