Free Principal, Credit Risk

Job Description - 22913
Directs risk management efforts for the assigned credit risk focus, such as Credit Analysis & Approval/Portfolio Management, Operational Credit Risk, Country Risk or Credit Administration, and customizes solutions for each region using knowledge of best practices and growing industry experience. Responsible for the accuracy, timeliness and completeness of documentation and reporting completed by more junior professionals. Ensures each region is adhering to the risk management strategy of the assigned credit risk discipline or develops strategies to bring the regions into compliance with complex, regional and global regulatory and policy requirements. Contributes to the global identification of existing and emerging risks that are applicable to the assigned credit risk discipline and implements solutions. Ensures the proper documentation is completed when strategy changes are made.Primary duty for each discipline is as follows: Credit Analysis & Approval/Portfolio Management: Independently completes complex analyses of industry, country and counter party credit portfolios and credit portfolio quality. Interacts frequently and independently with senior portfolio managers. Directs less experienced professionals in completing legal documentation processes and structuring term sheets and deals. Independently completes complex documentation and reviews documentation drafts completed by less experienced professionals. Attends and may contribute to meetings with clients, other banks, multi-bank credit facilities and peers within the industry. Operational Credit Risk: Independently completes numerous complex credit processing and assessment activities, including credit analysis, underwriting, borrower rating approval and transaction review and approval for intraday credit. Approves and oversees a moderate quantity of complex credit processing and assessment activities. Directs the credit processing and assessment activities completed by less experienced professionals, reviews their work for accuracy and advises on improvements. Country Risk: Directs less experienced professionals in grading the credit quality of the assigned large, highly complex country. Uses expert experience to accurately and effectively track the fiscal condition of sovereigns and to develop ratings for country borrowers. Anticipates and identifies developing credit issues within the assigned country and recommends mitigation strategies. Reviews and addresses issues escalated by less experienced professionals. Reviews ratings produced by less experienced professionals for accuracy and advises on improvements. Prepares highly complex country risk assessments and integrates assessments into portfolio management for the organization's overall credit risk. Credit Administration: Manages and provides input on the Credit Risk's policies and procedures. Interpret and analyze regulatory requirements that require new or revisions to policy. Directs less experienced professionals in assisting in credit reviews or credit submissions and other related activities and operations for the various credit portfolios. Contributes to the preparation of credit proposals, preparing documentation and financial spreads. Expertly uses credit systems such as the credit borrower rating system and credit approval system. Resolves complex system issues and frequently directs the development of credit system best practices. Community Reinvestment Act/Appraisal: Independently determines the appropriate balance of investments, loan commitments and community activities to align with CRA corporate goals and manages toward the appropriate allocation. Demonstrates expert knowledge when reviewing real estate appraisals for commercial and residential properties. Directs less experienced professionals in checking appraisal policies and procedures for consistency with the Bank's risk appetite and for compliance with various highly complex regulatory requirements. Recommends nuanced policy and procedure improvements. Frequently advises less experienced professionals on compliance improvements. Directs analyses of existing and proposed legislation, regulatory announcements and industry practices that are applicable to the assigned credit risk discipline in order to contribute to the organization's development and implementation of procedures to meet existing and upcoming credit management requirements specific to each region.
Reference : Principal, Credit Risk jobs

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