The Company:
Our client is a highly recognised Private Bank specialising in investment, institutional asset management & private wealth management.
The Role
The Credit Risk Manager will monitor daily Lombard and insurance policy shortfalls through the monitoring tool and will breach report, liaising with Relationship Managers to obtain action plans and deadlines by which any shortfalls will be fixed. Propose/assist with alternative solutions to the CRMs to regularise shortfalls.
The Credit Risk Manager will prepare and send margin call letters to Relationship Managers and will Instruct liquidation of all or part of assets when a margin call must be executed.
The Credit Risk Manager will use of Personal Approval Authority to approve smaller shortfalls, up to delegated limit. Submit Monthly Shortfall Watch List to the Local Credit Committee. Set up portfolio simulations and daily securities analysis for possible attribution of standard lending and weighting rates.
The Credit Risk Manager will run stress tests / forecasts based on global and market e
vents. For complex and outside credit policy lending applications, recommended by Credit Structuring & Analysis team, The Credit Risk Manager will undertake a review and assessment for the Local Credit Committee Chair.
The Credit Risk Manager will as required act as deputy for Head of Credit Risk at Local Credit Committee meetings. Assist risk colleagues, as necessary, with validation of payments, new loan validations, input of data / making pricing adjustments
The Candidate
Minimum 3-5 years-experience as a Credit Risk Officer / Manager within Private Banking / Investment Manager.
Strong knowledge of financial products (options, futures, FX forwards, including netting, hedging and strategies, understand the exact risk and margining)
Strong knowledge of financial securities (CoCo bonds, Sukuk bonds, ETFs, Structured Products, CLNs, CLOs, Hedge Funds, Long Only Funds, Equities, etc)
Awareness of risk.
Experience of investment lending to Private Banking clients either as CRM or in a Credit Risk related role.
Able to work closely with front office and drive business.
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