- London, England, United Kingdom
- Permanent, Full time
- Credit Suisse -
- 18 Apr 18
Credit Officer # 108623
The Risk Division is a highly visible, dynamic area of the firm where you can be an integral part of the decision making that supports the bank's business. Our responsibilities range from Enterprise Risk management to risk and finance reporting, and regional risk teams covering the risk management for our entities. The Risk division's long-term success depends on our ability to achieve our vision and fulfill our mandate. Ultimately, this depends on the skills, experience and engagement of our employees. We offer a collaborative and entrepreneurial environment that offers direct contact with senior management and encourages leadership at all levels.
Credit Officer Role, covering Sovereigns, Corporate and FI counterparties in Emerging Markets in the EMEA Region, in particular the African continent.
- Supporting Senior Credit Officer in the daily credit risk management of the portfolio.
- Coverage: all new Credit Risk bearing transaction requests (flow or structured) in Africa from different divisions of Credit Suisse (International Wealth Management, IB Capital Markets, Global Markets, Swiss Universal Bank, Recovery Unit) including onboarding new counterparties. Transactions include: Unsecured Loans, Flow vanilla Trade Finance, FX, IRS, XCCY, Options, repos, SLB, Structured TRS, synthetic term repos.
- Assess the financial / economic situation of various counterparties (incl. balance sheet and P&L analysis, business trends, cash flow analysis, operating environment).
- Prepare credit memos, make rating and approval recommendations.
- Establish Credit Suisse's risk appetite for individual counterparties.
- Actively participate in deal meetings with front office business units including sales, structuring, market risk and/or legal, challenge assumptions, give appropriate guidance, and prepare transaction approval memos.
- Monitoring news flow and escalate relevant information to senior management.
- Perform credit-related due diligence, assess counterparties, identify and quantify risk drivers (wrong way risk, correlations, etc.) in transaction structures, and propose risk mitigants.
- Transaction approvals: Assess and approve transactions within existing limits or via a personal delegated credit authority.
- Identify early remedial action on deteriorating credits (early Warning Indicators), manage counterparties or watchlist and work in partnership with Recovery management team for these names.
- Ensure risk reporting systems contain timely and accurate information.
- Trading documentation: Set credit risk related terms in trading documentation (including ISDA - International Swaps Dealers Association /CSA - Credit Support Annex, GMRA - Global Master Repurchase Agreement, GMSLA _Global Masters Securities Lending Agreement) and liaise with our Legal department and clients or their lawyers, as appropriate.
- Understand the business and the regulatory and risk framework, working with the business to assist its growth while ensuring compliance with internal policies and risk appetite.
- Actively interact with senior management and internal support functions to communicate key issues and develop solid relationships.
- Prepare / review reports for senior management and board oversight.
- Perform in a fast paced and team focused environment.
- Competitive salary
Open to discussing flexible/agile working.
- Essential: Relevant university degree preferably in finance, risk management, or economics (or equivalent work experience).
- Desirable: Finance related second degree; professional qualifications, e.g. CFA.
You will have solid commercial experience in credit risk management or related functions. She / he will have experience in counterparty and transaction analysis for Emerging Market counterparties is a plus.
Business Skills and Knowledge:
- Solid analytical skills, including analysis of complex cash flow models.
- Strong FI/Sovereign analysis skills.
- Familiarity with country-specific risks and EMG sovereign credit analysis.
- Highly developed interpersonal skills.
- Very good communications skills, both oral and written.
- Product knowledge (i.e. syndicated loans, derivatives, pre-export facilities (PXF), margin loans, leveraged finance).
- Familiarity with legal documentation and risk issues, including LMA loan documentation, ISDAs, CSAs, netting, and credit mitigating features.
- Team oriented, flexible, diligent, and self-motivated.
- Ability to work under pressure and to deadlines.
- Calm and flexible approach to deal with moving and often tight deadlines.
- High attention to detail and the ability to remain organized in a fast-paced environment.
Challenging the status quo; creating new ideas; supporting change; displaying strategic agility.
Personal excellence: Striving for continuous self-improvement; learning from feedback and experience; showing passion; displaying perseverance and maturity.
Solutions driven approach: Identifying and analysing problems and opportunities; designing solutions; making decisions; planning, implementing, and delivering.
Collaboration: Working within and across teams and functions; communicating effectively; resolving conflicts; negotiating skilfully in pursuit of common goals.
Ethical: Adhering to the code of conduct; acting responsibly; protecting the reputation of the bank; controlling risks.Ability to work effectively with a wide range of cultures / personal styles.
Fluent in English, both written and oral. Other relevant language skills (e.g. Arabic, French, Russian, Turkish, Hebrew) are desirable.
Good knowledge of Word, Excel, and PowerPoint software.