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Credit Risk Management - Vice President, Power & Utilities
Credit Suisse
New York, NY, United States
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Credit Suisse is a leading global wealth manager with strong investment banking and asset management capabilities. Founded in 1856, Credit Suisse has expanded to be a global force employing over 45,000 people in 50 countries. With new leadership, a new strategy and a streamlined global organization, we are set for growth. We partner across businesses, divisions and regions to create innovative solutions to meet the needs of our clients—and to help our employees grow. It is a high priority for us to continually invest in our employees by providing ongoing opportunities for training, networking and mobility. Join us and let's shape the future of Credit Suisse together.
We Offer
Credit Suisse’s Corporate Credit Risk Management (CRM) team in North America partners with key stakeholders throughout the Bank to meet business demands and an evolving regulatory environment in the US.
CS is seeking a Vice President-level candidate to assist a Director to manage underwriting proposals through the credit approval process and provide senior guidance in monitoring of a portfolio of assigned counterparties within the Power and Utilities industry vertical.
Responsibilities to include:
Underwriting: Responsibility for assisting Director in managing transaction requests including underwritten, best efforts and relationship loans. Additional responsibility includes approval of other counterparty credit requests including derivative, margin loan and other related industry credit extensions. Assist Director in managing communication flow with senior members of transaction teams regarding due diligence, underwriting process and approvals.
Credit Monitoring: Ensure that ongoing monitoring analyses and documents – including any Shared National Credit exam-specific documents – are prepared to a high quality standard. Assist Director in identifying counterparties with deteriorating credit trends, perform monthly re-assessments of credit and regulatory ratings, document proposed rating changes, recommend counterparties for addition/removal from watch lists, and escalate specific credit concerns.
Management of Underwriting/Monitoring Process:
Prioritize, supervise and guide work of Junior Credit Analysts within the team
Prepare credit pages for leveraged loan memoranda and participate in the due diligence process
Ensure underwriting memoranda documentation and all ongoing monitoring documentation are prepared and archived in a manner consistent with approved CS Policies and Procedures
Document all deviations from established underwriting standards and ensure that appropriate escalation procedures are followed when underwriting standard thresholds are expected to be breached.
Credit Suisse maintains a Working Flexibility Policy, subject to the terms as set forth in the Credit Suisse United States Employment Handbook.
You Offer
Minimum of 5 years of related credit underwriting experience within a wholesale banking organization
At least 4 years of experience covering Power and Utilities sectors and loan products
In depth understanding of both Regulated and Merchant Power markets and related regulatory framework
Knowledge of Renewable Energy lending products preferred
Prior experience negotiating credit and trading terms/documentation
Bachelor’s Degree in Accounting / Finance / Economics
Strong analytical and writing skills
Strong attention to detail and ability to multi-task
Ability to work on a team under demanding deadlines
Ability to succinctly communicate with and present to senior managers
Strong motivation and ability to deliver quality work products with minimal supervision
Experience mentoring and/or managing junior team members
Credit Suisse is an equal opportunity employer. Welcoming diversity gives us a competitive advantage in the global marketplace and drives our success. Credit Suisse complies with applicable federal, state, and local laws prohibiting discrimination in employment in every jurisdiction in which it maintains facilities. Subject to applicable law and regulatory requirements, Credit Suisse complies with state and local laws regarding considering for employment qualified individuals with criminal histories.