Credit Risk Manager - Banking

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Job description

THE RESPONSIBILITIES:

• Convening of Credit Risk Evaluation Committee ("CREC") for Subsidiary, preparation and circulation of minutes.
• Providing inputs from Credit Risk angle on Subsidiary proposals received for CREC clearance.
• Preparation of Note to Board Risk & Compliance Committee ("BRCC") and Board covering matters and in support of CRO Reporting.
• Vetting of all Credit Risk Policies from second line of defence (2LOD) perspective.
• With respect to Banks and Financial Institutions - Calculation of Aggregate Settlement Limits ("ASL") for any fresh request for limit and Monitoring of ASL as per Risk Appetite Statement ("RAS")
• Review of ASL limits on latest financials.
• Monitoring of limits and positions under Country Risk Management System ("CRMS") and reporting of the same as per thresholds defined in Risk Appetite Statement
• Apprising Risk Management Committee ("RMC") on Credit Risk through information on - Advance accounts pending for review, Advances with breach in financial covenants, Stressed accounts, Advances restructured on account of Covid-19, Accounts overdue, Large accounts, Rating wise summary of advances, Composition of advances as per type, Classification of advances, Asset wise distribution of advances, Concentration Risk.
• Periodic review of Credit portfolio from second line of defence (2LOD) perspective.
• Apart from monthly reporting to RMC, regular monitoring of advance accounts under watchlist and challenge to first line of defence, escalate to CRO as required.
• Submission of any other Reports of Subsidiary required by Corporate Office, Mumbai
• Regular communication with Head - Credit (first line of defence) to foster good working relationship.
• Validating Credit data for Risk Weighted Assets in system.
• Provide input w.r.t. Credit Risk for Internal Capital Adequacy Assessment Process ("ICAAP") exercise.
• Prepare PRA / FCA communication on Credit related matters for CRO.
• Validation of Credit Rating Models as part of Model Risk Management.

EXPERIENCE REQUIRED:

• Credit risk experience in a UK banking environment
• Credit knowledge of sectors such as property lending, Small Medium Enterprises (SME). Syndicated loan experience and FIs will be useful.
• Some knowledge of using and assessing credit rating models is required, included applying and validating PD/LGDs.
• Knowledge of credit risk assessment techniques used for different counterparties, e.g. CAMEL, cashflow & ratio analysis, EBITDA validation etc
• Conducting industry sector reviews at high-level for risk committees.
• This role is within Risk Management and the key areas of responsibility is conducting independent risk assessment of credit proposals submitted to Risk Management. Some familiarity with second line of defence (2LOD) credit risk will be preferred but is not essential.