Credit Risk Manager (Loans, Reviews, Counterparty)

Company: Yoh
Location: New York
Posted on: November 17, 2023

Job Description:

Locations:--NYC or Raleigh, NCSchedule:--HybridDuration:--12 months with possible extensionMain requirements (top 4 are most important): Solid credit experience Experience with corporate loans and reviews Counterparty credit experience Understanding of SR 13-3 (Interagency Guidance on Leveraged Lending - basically underwriting, assessing, and approving leveraged lending transactions) 10+ years of senior experience in wholesale credit risk in an underwriting or adjudication capacity, or as a bank examiner focused on wholesale credit. Comprehensive understanding of credit risk management rules, SNC process, US regulatory ratings and regulatory examination process and practices (required). 10 to 15 years' experience (will consider less if they have the right credit risk experience at multinational banks, but senior level with proper experience in credit risk is a must) Role supports Credit Risk Review Function which is a widely known function throughout large banking firms Prefer candidates to have experience from Top 10 largest banking firms in US or experience from OCC or the Federal Reserve in a credit capacity (not compliance) Must have Credit Risk Management experience/Credit Analyst Strong Communicator, writes well, expresses thoughts in clear, concise, sharp manner. Ability to write work papers, explain why the rating supports--their findings in 3-4 sentences--Responsibilities: Rroviding an independent assessment of the credit quality and the management of credit risk. --Working closely with Credit Risk Management (CRM), Front Office credit risk units, CRM Governance, and Internal Audit to ensure --The US and global loan and derivatives portfolios are appropriately reviewed. --Potential weaknesses at the obligor and/or portfolio level are reported, and appropriate remediation plans are agreed upon with the relevant business partners. --Risks and credit issues are properly reflected in both the local and global risk frameworks as necessary. Credit File Reviews: Evaluate activities of lending and transaction support personnel in the Corporate Bank and Credit Risk Management, ensuring compliance with policies, approvals, monitoring and risk assessment. Review loan underwriting practices including Probability of Default Rating, Transaction Rating and US Regulatory Rating (where relevant) and adherence to relevant credit policies. Identify obligors and transactions with potential credit weakness and any relevant trends. Identify existing and/or emerging risks and credit issues relating to credit quality and management of credit risk including but not limited to: --Gaps in risk rating accuracy, underwriting, credit approval, monitoring, relationship management and credit administration activities. --Portfolio concentrations. --Trends, overall condition, and emerging risks within the loan portfolios.Credit Portfolio Reviews: Execute continuous and periodic risk-based loan review programs for US and global loan portfolios as directed. Identify portfolio trends at the sector/industry level. Monitor an assigned credit portfolio on a continuous basis, conducting transaction reviews of new business, and summarizing results and recommendations in periodic reports. Ensure the aggregate risk profile is understood, is within risk appetite and is reflective of current market conditions. Ensure emerging risks are identified and highlighted to senior management. Provide senior management and the Board with an objective assessment of the portfolio. Reporting and Interface: Prepare executive summaries, periodic reports, and presentations summarizing findings and recommendations to the Board and its Risk Committee and executive management. Recommend policy and procedural changes to executive management, and business and credit units to correct deficiencies identified during reviews and strengthen the credit process. Develop and implement a program for analyzing economic and industry data to identify potential impact on the institution's loan portfolio. Evaluate the adequacy and effectiveness of credit data and credit tracking systems. Provide assistance and consultation to Front Office business divisions, credit personnel, auditors, and regulatory examiners.Note: Any pay ranges displayed are estimations.-- Actual pay is determined by an applicant's experience, technical expertise, and other qualifications as listed in the job description.-- All qualified applicants are welcome to apply.Yoh, a Day & Zimmermann company, is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.Visit--to contact us if you are an individual with a disability and require accommodation in the application process.

Keywords: Yoh, New York , Credit Risk Manager (Loans, Reviews, Counterparty), Executive , New York, New York