Credit Risk Analyst

  • Attractive salary with benefits
  • Sliema, Tas-Sliema, Malta
  • Permanent, Full time
  • MeDirect Group
  • 13 Feb 18 2018-02-13

The selected candidate (based in Malta) will work closely with the Credit Risk team based in London. The team currently numbers fifteen FTE, of whom five are based in London. The firm's corporate credit portfolio is primarily focused on European non-investment grade corporates and currently amounts to c€2bn. The team is supported by analysts from the firm's Credit and Investments team and by oversight from the CRO.

This is a unique opportunity to join the Risk team of a growing European financial services firm. The company is very dynamic and fosters an environment where employees are encouraged to take initiative, gain responsibility and actively participate in the development of the firm in a broader sense.

Duties and responsibilities

The Credit Risk Analyst will be responsible for maintaining an accurate portfolio dataset of financial information on the Borrowers in the portfolio for IFRS9 reporting purposes in addition to undertaking the independent review of corporate credits throughout their life cycle as part of the ongoing portfolio monitoring process. 

The management of the IFRS9 credit dataset will involve second line of defence validation of information provided by the Credit and Investments team for inclusion in Moody’s RiskCalc model. The Credit Risk Analyst will be expected to take ownership of the accuracy of the data and be the primary point of contact / ‘local champion’ for this portfolio data, as well as providing recomendations on credit classifications and IFRS9 staging criteria.

The Credit Risk Analyst will also actively participte in the continuous and periodic credit review process.  The former will include:

  • Discussing and resolving issues with the appropriate credit analyst and, as necessary, with others including the wider Credit Risk team and/or the CRO
  • Highlighting risk issues and ensuring that all relevant points are reflected in a Risk team comment on each set of monitoring information presented by the Credit and Investments team
  • Ensuring that credit classification status is accurately tracked and that credit and concentration limits are adhered to including keeping relevant departments informed of changes (both from an internal and regulatory classification perspective)
  • Recommending names for off-cycle review based on market, industry or name-specific developments

Periodic review runs to a monthly cycle, with an additional level of depth once a quarter. The latter will include:

  • Identification of key names for the most detailed review
  • Monitoring exposures for any significant increases of credit risk (“SICR”) and non-performing exposure (“Default”) triggers.
  • Ensuring that meeting materials are accurate and sufficient to allow Committee to make informed decisions on the appropriate course of action, discussing with others in advance as above
  • Updating credit classification status
  • Making recommendations for credit provisioning or write-off if appropriate
  • Responding to ad hoc requests from Senior Management and external stakeholders and undertaking project work as and when requested

Required knowledge, skills and experience

Essential Skills:

  • Strong fundamental corporate credit skills
  • Flexible attitude, ability and willingness to manage and drive one's own workflow while maintaining high levels of responsiveness to others
  • Intellectual curiosity and independence of thought, likely to be evidenced by a strong academic record
  • Strong communication skills including demonstrable ability to present effectively at all levels including executive management
  • Highly-developed sense of teamwork and cooperation
  • Highly competent with Microsoft Office, particularly with advanced Microsoft Excel capabilities

Desirable Skills:

  • Knowledge of Moody’s RiskCalc / KMV is highly desirable as is the ability to apply methodological practices and a consistent approach to data analysis to ensure a high level of accuracy is maintained.
  • The candidate is required to have a background in credit risk / financial statement analysis preferably in the Corporate Lending space and whilst knowledge of European leveraged finance transactions would be beneficial it is not a pre-requisite for the role.
  • Experience of formal credit risk management techniques is a requirement.
  • The firm’s size and philosophy both lead themselves to a process that, while not compromising on rigour or independence, aims to be significantly less bureaucratic and less confrontational than in many larger organisations.