VP - Credit Risk Officer VP - Credit Risk Officer …

Selby Jennings
in Frankfurt am Main, Hessen, Germany
Permanent, Full time
Last application, 11 May 21
Negotiable
Selby Jennings
in Frankfurt am Main, Hessen, Germany
Permanent, Full time
Last application, 11 May 21
Negotiable
I am currently looking for a VP - Credit Risk Officer for a growing bank based in Frankfurt. If the role sounds of interest to you please either apply below or send me your CV directly

Role description:

This role will sit in the EMEA Financial Institutions Credit Team reporting to the NFPE Head of Credit Risk locally and to the EMEA Head of Financial Institutions functionally

The candidate would be responsible for the coverage of an EEA portfolio of counterparties across the EMEA Financial Institutions team, including:

  • Independently directing credit reviews and approving internal credit ratings within delegated authority. Presenting rating proposals to senior management;
  • Manage new client approvals, including setting credit appetite, limits, and rating, performing due diligence calls/ visits;
  • Negotiating credit-related terms in legal documents such as ISDA/CSA, GMRA, GMSLA, and other capital market related legal documentation;
  • Implementing and managing credit limits in accordance with risk appetite, including adherence to the Global Credit Limit Management Policy;
  • Analyzing economic, market, regulatory, industry events/developments and assessing their impact on the portfolio. Reporting any relevant events to the EMEA Head of Financial Institution and other relevant senior risk management;
  • Managing counterparty risk exposure, including transaction assessment and trade approval within delegated authority. This includes: (i) liaising with front office personnel to understand the structure of transactions, (ii) agree on trading terms, and (iii) the proposal of risk-mitigating features for more structured/credit intensive transactions as well as credit terms incorporated into legal documentation;
  • Ensuring adherence to Credit Risk limits, including Single Name limits, Country limits, and counterparty specific limits, escalating breaches to the NFPE and EMEA Head of Credit Risk when necessary;
  • Proactively identifying and monitoring exposure concentrations, identifying risk-mitigating actions, and escalating/updating to Risk senior management as appropriate;
  • Liaising with the Stress Testing Group to develop stress testing scenarios relevant to the NFPE and NEHS portfolio. Analyzing and interpreting the stress testing results and take actions as appropriate at counterparty, country, and/or industry level
  • Mentoring off-shore team for counterparty credit reviews and peer/industry analysis and facilitate capacity building through skills and knowledge sharing, and support of the NFPE Head of Credit and EMEA Head of Financial Institutions on the management of day to day operations and ad-hoc requests

The candidate would also participate in /contribute towards credit risk projects/initiatives that help enhance the firm's risk management framework

The role's scope can be evolving over time. Suitable product training and mentoring would be provided to the new joiner

Skills, experience, qualifications, and knowledge required:

  • 5 - 10 years of relevant work experience, gained in investment banking or asset management
  • Extensive experience in counterparty credit analysis, including sub-investment grade counterparties, in the Financial Institution space across EMEA jurisdictions
  • Strong experience in the analysis of derivatives, securities financing, and structured transactions
  • Up-to-date working knowledge of regulatory requirements and change, specifically those from Basel and European regulatory authorities, including MaRisk, CRR, EBA Guidelines (desirable), or strong understanding of risk management principles
  • Excellent academic background (Finance/ Business Studies / Economics) degree qualified
  • Advanced working knowledge of Word, Excel, and PowerPoint
  • Excellent oral and written presentation skills in English
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