Director - Credit Risk
Date Posted: 29/10/2009 08:37:02 AM
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Our Client is an established Investment Firm, they have a proven track record within the region, they are heavily invovled in a number of high profile transactions and have ambitous growth plans in the coming months.
- Conducts credit risk and investment analyses and ensures that all the transactions are within the approved limits at an individual and at a portfolio level.
- Assists in identifying undue credit risk concentrations and in implementing new credit risk management technologies. Reviews credit concentrations by asset segmentation in terms of credit facilities, industry sectors, past due ageing and collateral cover.
- Promotes consistency in the definition, measurement, and evaluation of credit risks.
- Develops credit risk measurement processes appropriate to the needs of the Bank. This measurement system should be able to comprehensively capture credit risk, and in a manner that facilitates the management of those risks.
- Ensures that credit risk measurement systems and processes are regularly tested and verified against their predefined model assumptions, and are evaluated in terms of their capacity to accommodate growth of volume and the addition of new products.
- Ensures that all analytic and proprietary credit risk models are revalidated according to the Bankâs policy and regulatory requirements.
- Reviews overall credit portfolio as to risk class categories. This report will be supplemented by an assessment of possible future economic scenarios and the likelihood of asset migration to lower risks that may result to potential losses, and as such, require higher capital allocation.
-Prepares the quarterly âRisk Asset Analysisâ report submitted to senior management. The report summarizes the credit risk exposures of the Bank as well as the risk profile of the credit portfolio.
- Ensures a robust monitoring and control process in relation to past dues and excesses over limits and exceptions in documentation.
- Establishes the capital adequacy computations for the credit risks and monitors capital sufficiency requirements.
- Define system functionality specifications to support the enhancement of the overall credit risk system.
- Performs other functions as necessary or as assigned.
Core skills/Competencies required:
-Strong understanding of Credit Risk concepts
- Strong statistical and analytical skills
- Strong organising, planning and prioritising skills
- Excellent oral and written communication skills
Experience and Education:
-University Degree in Business Management, Accounting, Math related degrees or equivalent.
- At least 8 years experience in the same discipline, i.e. credit risk management with a major financial institution.
- Good understanding of Alternative Assets e.g. Private Equity, Hedge Fund and CDOs
- Working knowledge of Fixed Income Debt Securities, Sukuks, covertibles.
- Ability to reach balanced credit decisions. end  Source: EFCG
