Credit Risk Analyst
E2W are talent partners to leading financial institutions who are committed to diversity. These are firms who invest in ensuring that they recruit the best person for the job, from the widest possible talent pool. This means they are keen to go the extra mile by retaining E2W to help them find the best female candidates for the role. If you are seeking a new challenge and want an employer who really cares about creating an environment where you can flourish, fulfil your potential and achieve your goals, the firms we work with are undoubtably a good choice.
Our client values and believes that a truly diverse workforce is key to maximising business effectiveness. Therefore, they aim to select, recruit, develop and promote first class people, and encourage the use of their wide range of skills, experiences and perspectives in the furtherance of their business. They have partnered with E2W to continue to employ the best person for the role.
Reporting to the Quantitative and Credit Risk Manager within the broader Risk & Compliance team, the Credit Risk Analyst will help to ensure that our client has robust credit risk governance, policies, procedures and processes in place across the Treasury & Banking division (balance sheet) and the asset management division. This will include (but is not limited to) measurement, monitoring and reporting of credit risk.
• Perform detailed credit analysis and periodic reviews of counterparties, provide independent credit risk recommendations.
• Day to day credit risk monitoring responsibilities including, but not limited to, periodic credit risk report production and investigation of out of tolerance metrics using internal or third party tools.
• Perform Credit Risk stress-tests.
• Interact with Portfolio Managers and Traders to understand credit risk appetite, refine analyses and communicate important findings.
• Improve existing and develop new methodologies (internal or using external service providers) to incorporate Climate risk and wider ESG risk in the credit risk framework.
• Develop Credit Risk modelling methodologies and solutions. This may require the analyst to manually build reports or prototypes to provide proof of concept before tools are implemented in the production environment.
• Report on credit risk profile, methodologies and processes to senior governance forums such as the Asset-Liabilities Committee (ALCO), Trade Finance Risk Committee, Fund Board, Board of Directors Audit & Risk Oversight Committee, regulators or clients.
• Work with the wider Risk team to develop and present the Risk framework, policies and procedures and answering clients or prospective clients’ requests.
• Take part in product development initiatives as a Risk representative, in particular the RI5ING strategy and the project to integrate Climate Change Risk into our client’s (UK) Risk Management Framework.
• Participate into the department’s RCSA.
• 5 to 7 years’ credit risk analysis experience, within banking, asset management or rating agencies.
• Industry qualifications such as FRM, PRM, IMC or CFA or willingness to study towards one would be advantageous but not required.
• Degree in a numerical discipline (e.g. Economics, Finance, Mathematics/Statistics) preferred.
• Ability to analyse the balance sheets and creditworthiness of counterparties, in particular financial institutions and sovereigns but not only.
• Knowledge of PD, LGD, EAD, RWA and impairments.
• Experience with credit risk systems and analytics.
• Experience with climate risk and ESG assessments.
• Knowledge derivatives product and relevant legal documentation such as credit risk mitigation documents (e.g. ISDA, CSA, GMRA).
• Knowledge of fixed income, currency markets and credit derivatives such as CDS.
• Highly numerate, good understanding of mathematical / statistical and financial concepts.
• Knowledge of Regulatory framework such as Basel Regulation preferred.
• Experience with credit models such as internal rating methods, PD modelling or xVA modelling preferred.
• Demonstrated ability to effectively and constructively challenge the first line of defence.
A study that was conducted reported that men apply for a job or promotion when they meet only 60% of the qualifications, but women apply only if they meet 100% of them. If this role has sparked an interest and you match some of the criteria then please do not hesitate to contact us about this opportunity.
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