Onsite in Jersey CityThe primary role of Credit Risk Review is to:
o Participating in reviews of credit and counterparty risk across the CIB platform to detect and report on potential weaknesses in the credit approval and monitoring process. Results of reviews, including recommendations for improvement, are documented in written reports to senior management.
Portfolios covered include Corporate Banking, Project Finance, Media & Telecom, Leveraged Finance, Asset Securitization, Hedge Funds, Insurance, Banks, and Broker/Dealers.
o Acquiring a solid understanding of the reviewed activities and specific industry risks.
o Assessing adequacy and effectiveness of governance, management, and controls of credit risk.
o Performing in-depth reviews of individual credits to assess credit quality and validate the accuracy of the assigned counterparty risk ratings and loss given default rates and recommending changes, as necessary.
o Evaluating the appropriateness of the level of provisions for impaired credits. Assessment of provisions involves challenging assumptions and re-performing discounted cash flow analysis, if warranted
o Assessing conformity of legal documentation and quality of supporting security (collateral).
o Adding value to the area under review by raising relevant recommendations.
o Writing quality reports with appropriate recommendations in plain English.
o Delivering clear presentations to management.