Credit Risk Analyst (Multi-sector/Multi-Product)
£50,000 - £55,000 + Bonus + Benefits
City

Who They Are
Growing London commercial bank, subsidiary of international bank involved in retail, commercial and trade finance.

The Role
Reporting to the Chief Risk Officer, you will be the primary senior analyst to assess the credit worthiness of corporate and trade finance, and on a secondary basis assess the creditworthiness of financial institutions and retail (mainly buy-to-let transactions) using different risk assessment tools and proposing the credit review to the bank's approving authority. Support CRO in other risk disciplines (market, liquidity, operational and emerging risks). The breadth of role extends across all the non-bank relationships of the bank including liaising with the head office where necessary. You will contribute to controlling the bank's credit risk profile. Role also impacts on the risk management profile of the bank to external regulatory authority like the Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA). The day to day activities for this role would be to do the credit assessments of new and existing customers, giving written opinions on new transactions in particular. The majority of transactions are trade finance, with some corporate/SME and some project and structured finance transactions. There is also the need to give backup to colleagues for financial institutions analysis, including treasury credit counterparts and correspondent banks and retail (Buy To Let) transactions. There is also some credit administration work involved - ie management of limits in our systems (maintained in excel). The role includes the following:

  • To liaise closely with business areas to ensure timely & satisfactory completion of the credit process;
  • To analyze the credit applications (corporate lending and trade finance) and act as secondary analyst for financial institutions and retail/SME lending;
  • To execute credit assessment, scoring, ensuring compliance with internal policies and best risk management practices (including financial analysis) and recommend a decision to the appropriate level of authority;
  • To review and monitor credit limits and the credit quality for all counterparties;
  • To participate and implement new projects to develop credit risk management techniques and systems;
  • Credit portfolio management; Delinquency analysis;
  • Financial modelling, sensitivity analysis and credit VaR;
  • To assist the head of department in projects/duties related to Risk Management (e.g. CRECO/ALCO preparation and minutes, risk appetite definition and maintenance etc, market risk, liquidity risk, operational risk -including conduct risk- and other emerging risks);
  • To work as back-up for the loans administration duties including limit update and excess monitoring and other credit administrative duties carried out primarily by the loans admin officer within risk
  • To verify and authorize draw-downs, ensuring that these are in line with the conditions approved;
  • Any other risk management duty assigned by the Chief Risk Officer from time to time;

Who They are Looking For
To be considered for this role you must meet the following criteria:

  • Minimum education level - A University degree in the relevant area from a reputable academic institution. Post graduate qualification (MBA/MSc)/Professional Qualification would be an advantage.
  • A minimum of 5 years credit risk assessment (financial analysis and full appraisal of all credit risk factors), credit portfolio management and analysis and review of counterparty credit limits;
  • Strong understanding of the risks associated with trade finance, including documentary credits (and collections and bill discounting would also be a plus.)

Other

  • Knowledge of Projection, stress-testing and sensitivity analysis an advantage;
  • Understanding of risk weighted impact of the bank's asset portfolio
  • Experience in trade finance and emerging markets an advantage;
  • Experience in credit VaR and RAROC calculation also an advantage;
  • Experience in ECA credits an advantage.