Credit Risk Executive

Team and role overview

BII’s Credit Risk function is part of the BII Risk Department. The role is responsible for overseeing the operation of BII’s credit and counterparty risk management framework, including:

• Developing and enhancing methodologies to assess and frameworks to manage credit and counterparty risk at BII (exposures, limits).
• Providing support to risk owners (investment teams and CIO office) with the identification and understanding of Credit risk, enabling them to make informed decisions about how to mitigate risks and be consistent with standards established by Credit Risk.
• Working alongside other groups in BII to leverage expertise in Risk Management e.g. visiting/assisting investees to strengthen their Risk processes, occasionally assisting on Due Diligence trips.
• Ongoing credit risk monitoring including periodic annual reviews and credit risk rating assessments.
• Providing risk reporting to executive committees, the Board and Shareholder, enabling these bodies to understand BII Credit Risk and how it is being managed.
• Conducting ad hoc risk analysis to assess exposure to topical or thematic risk vulnerabilities.

Purpose

Ownership and responsibility of Credit and Counterparty risk for a diverse portfolio including financial services, project finance and/or funds across BII Geographies.

Responsibilities

• Take on the primary responsibility for Credit and Counterparty risk for a portfolio composed of corporates, financial services, project finance or funds.
• Proactively identify trends and lead thematic credit risk portfolio reviews.
• Lead ongoing monitoring of portfolio, including understanding of key risks, completion of annual reviews, credit risk ratings reviews as well as ongoing monitoring of covenant compliance, and early warning signals.
• Engage actively and constructively, with Investment teams and other relevant staff to ensure adequacy of their monitoring process.
• Contribute to the wider Credit risk team across all portfolios and workstreams:
  • Design and oversight of the rating and risk measurement process, including developing and maintaining scorecards for Corporates, Financial Institutions and Funds.
  • Ongoing improvement of existing frameworks, including integration of ESG and Climate considerations into the credit risk rating methodologies.
  • Cross departmental implementation and oversight of the credit risk policies and single group limits.
  • Pre-investment and new product credit analysis providing risk assessment and ensure risks will be adequately captured.
  • Oversee the ongoing credit review process and identify trends and concentrations in risk exposures.
  • Work with BII’s IT team to develop, implement and maintain systems to support credit risk management processes.

Reporting

• Design and develop exception-based risk reports, including risk exposures, risk appetite and risk mitigation actions.
• Produce periodic risk management presentations for BII’s governance committees and Board Risk Committee.
• Be an agent of credit and risk culture dissemination, including design and provide training to stakeholders.
• Provide training and development to more junior members of the Credit risk team and of the wider organisation.

Candidate background, skills, aptitude

• Successful candidates will have a background of at least 5 years in credit risk management gained from an investment institution including DFIs, investment banking or private equity ideally, but not necessarily, in Emerging Markets.

Technical Skills

• Good knowledge of a range of credit risk management techniques including rating methodologies, exposure measurement and monitoring is essential.
• Product knowledge including debt and structural credit enhancement techniques, direct and fund investing.
• Familiarity with default & recovery processes.
• Able to work autonomously, with a demonstrable ability to gather, evaluate, distil and present information.
• Over and above average quantitative skills, analytical rigour and attention to detail, in particular when preparing reports and analysing data.

Personal Skills

• Ability to communicate clearly and concisely, both orally and in writing.
• Organisational skills and ability to plan and manage multiple tasks concurrently.
• Ability to manage a project to deliver solutions/capabilities that meet business requirements.
• Ability to work across all levels within the organisation and provide constructive challenge to risk owners.
• Ability to establish and retain effective working relationships with stakeholders.
• Passionate about Emerging Markets and the role of Development Finance Institutions.
• Candidates should be strongly motivated by BII’s development mission and ideally demonstrate some commitment to development or social goals through previous professional or community-focused engagements.

British International Investment is committed to diversity and inclusion and welcomes all applicants regardless of age, disability, gender reassignment, marriage and civil partnership, pregnancy and maternity, race, religion or belief, sex, sexual orientation or educational background.

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