Credit Risk Manager Job Description
Credit Risk Manager Duties & Responsibilities
To write an effective credit risk manager job description, begin by listing detailed duties, responsibilities and expectations. We have included credit risk manager job description templates that you can modify and use.
Sample responsibilities for this position include:
Credit Risk Manager Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Credit Risk Manager
List any licenses or certifications required by the position: FRM, CFA, PMP, RMA, PMI, PMO, CIA, CPA, NACM, OSHA
Education for Credit Risk Manager
Typically a job would require a certain level of education.
Employers hiring for the credit risk manager job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Finance, Economics, Statistics, Business, Mathematics, Accounting, Engineering, Computer Science, MBA, Physics
Skills for Credit Risk Manager
Desired skills for credit risk manager include:
Desired experience for credit risk manager includes:
Credit Risk Manager Examples
Credit Risk Manager Job Description
- Raising, drafting and clearing audit observations with stakeholders
- Drafting and preparing audit reports for final clearance and delivery with senior Internal Audit management
- Participating in assessment of risk and preparation of quarterly business reviews (QBR) presentations deliver to the Group Chief Auditor
- Managing the delivery of audit plan relating to credit risk management processes and credit risk measurement approaches to ensure the use of sound risk management controls and regulatory compliance
- Conducting stakeholder meetings with Regional and Global Credit Risk Officers and regulators
- Leading the planning and scoping of special reviews and projects covering credit risk management
- Supports Relationship Bankers in business development through financial/credit analysis of prospects and clients
- Collects all necessary client prepared information, completes client financial statement spreadsheets, and may create projections of client’s financial condition
- Prepares and presents written credit memoranda for credit approval and then provides periodic updates of client credit quality to Credit Risk Management
- Mentors and participates in training of junior analysts
- Familiarly with regulatory initiatives, such as BCBS 239 or the IMM (internal model method) would be an asset
- OCPA preferred
- O5-8 years experience in financial and/or risk areas within a financial services, insurance, or regulatory organization working with credit risk and/or allowance for loan and lease losses
- OResults driven and self-motivated individual with a demonstrated ability to improve operational processes and operate in a team environment
- OSound problem solving skills, including the ability to identify obstacles or issues and work independently to develop and propose solutions
- ODemonstrated ability to organize and present complex topics and analysis in a clear and concise manner (written and verbal)
Credit Risk Manager Job Description
- Be the data champion in the team, using data to provide insight into the activity
- Conducting risk assessments on the portfolio’s new and existing counterparties to determine the credit worthiness and likelihood of performance
- Serving as an expert of various risk and economic-thinking topics
- Partnering with the business team to continuously improve reporting capabilities to drive profitable actions
- Collaborating with other capabilities such as Accounts Receivable and Collections, Cash Applications, Accounts Payable, Procurement, and Compliance to leverage knowledge and uncover actionable insights
- Utilizing networks to add value by seeking and obtaining superior knowledge both internally and externally
- Collaborating with the commercial and legal teams to properly structure credit agreements and cultivate new business development opportunities
- Managing and developing an analyst
- For derivatives trading activities provide trade sizing and trade approvals for London and Asia activity in accordance with standing orders and delegated authority
- Provide timely support/facilitation to the front office for transactions where required obtaining approval of transactions outside current approved limits
- ODemonstrated financial analysis, quantitative, conceptual, risk assessment, and analytic skills
- Strong analytical abilities and a thorough understanding of account principals preferred
- Computer Skills - Microsoft office products with strong Excel and Access skills
- Agility, flexibility, adaptability, a self-starter with a can-do attitude
- Minimum 6 years experience in Risk and Asset Based financing knowledge strongly preferred
- Strong understanding of capital markets, financing structures, derivatives and cash management products related documentation
Credit Risk Manager Job Description
- Approving Customer/Vendor Master Workflow requests for assigned business units
- Performing DSO forecast and cash flow analysis for assigned business units
- Customer/Vendor visits as needed
- Reviewing the Aged Trial Balances for assigned business units
- Working with the business unit sales teams to assist in managing customer relationships
- Completing assigned OGSM's including leading small to medium projects
- Backing-up US counterparts
- Ad-hoc requests including those requiring SAP data mining ability
- Direct, oversee and plan audits, resource requirements and operational processes to ensure audits are executed and completed in accordance with established time frames
- Oversee and execute the follow-up of findings arising from internal audits and regulatory reviews in accordance with established standards and timelines as assigned
- 5+ years of demonstrated knowledge of C++ application development
- Experience managing significant change and large multiple-stakeholder projects
- Proven Leadership skills with experience managing people
- Background/knowledge of the credit process in the wholesale bank and advanced techniques to measure counterparty risk
- Ability to make quick decisions in a high volume environment
- Ability to balance multiple and changing priorities
Credit Risk Manager Job Description
- Evaluate credit opportunities
- Coordinate and communicate critical account information independently and directly to various related parties including the Business Line, product groups and credit divisions
- Participate in special assignments and projects as required
- Provide Head of Policy, Strategy & Valuation Analytics with timely, relevant, and material credit risk updates on strategies, performance, and emerging risks with proposed action
- Independently generate analysis using quantitative and statistical skills that contribute to enhanced, profit based, portfolio management and strategy
- Develop & enhance credit strategy supporting EL/PD/LGD modeling, CLTV framework, Loss Mitigation, HELOC Line Management, EOD/EOT Framework, Originations scorecards
- Analyze and interpret large complex datasets to draw meaningful insight in an effort to identify issues, trends, and make strategic recommendations
- Recommend, justify, and implement policy change that improves portfolio revenue, mitigates credit loss, and ensures portfolio performs within established risk tolerance level
- Provide recommendations & updates pertaining to credit risk at the Retail Risk Policy Committee, Pricing Committee, and Product Boards to ensure adequate vetting of proposals to balance risk vs
- Present analytical findings with the ability to influence and gain support from key stakeholders and business partners
- Preference will be given to candidates with trading floor risk oversight experience from a large FI
- Good understanding of Risk, knowledge of Credit Risk processes and Cash Products sound understanding of and long term experience with Financial Institutions
- Strong technology experience with proven track record in implementing risk-related software applications
- Excellent command of MS Office products, VBA programming skills preferred
- Exposure to Fixed Income and Equity products
- Bachelor’s degree in accounting, finance, or economics from an accredited college/university
Credit Risk Manager Job Description
- Maintain Archer Issues and Action updates for CSCM unsatisfactory BUTM and ORE corrective action plans
- Assist with obtaining Operational Risk Events that occur across CSCM
- Manage Corrective Action Plans as a result of Operational Risk Events to ensure completion within the assigned completion dates
- Actively engage and collaborate with business partners to ensure proper completion, management, and documentation of all Operational Risk Events, Root Cause Analysis, and Lookback events
- Adhere to and encourage a consistent approach when conducting Root Cause and Lookback Analysis on events that occur across business lines/processes
- Through the Root Cause Analysis process, assist in the investigation and determination of the root cause of an event with the objective of preventing reoccurrence
- Facilitate and execute efforts within CSCM to remediate issues that arise from Operational Events, internal or external exams or Consumer Complaints
- Assist with the creation and maintenance of Compliance procedures
- Support Manager on major projects and initiatives and manage status and project deadlines
- Closely monitor the KPIs for application conversion, and identify causes to abnormalities in data and performance
- Incumbent will need to be a self-starter and work with minimal direction
- Graduate Degree preferred or progressive work experience in addition to experience below
- Working knowledge preferred of SAS Enterprise Miner, FICO, Model Builder or Angoss Knowledge Seeker
- Experience preferred in data modeling and risk management either from a business administration, statistical, mathematical, scientific or financial background
- Experienced in developing and presenting recommendations to Senior Management
- Must have experience with due diligence process and documentation requirements