Job Summary:

The Credit Risk Manager is accountable for assessing and managing the organization’s credit risk exposure, ensuring the business is not subjected to excessive or undesirable risk. This role involves creating and implementing risk assessment frameworks, monitoring key credit metrics, and aligning credit policies with the organization's overall risk strategy. The Credit Risk Manager will collaborate closely with other departments to assess creditworthiness, mitigate risks, and implement strategies to minimize potential losses.

Key Responsibilities:

Credit Risk Assessment and Management:

• Develop and implement frameworks and methodologies for assessing credit risk.
• Evaluate and monitor the creditworthiness of new and existing clients.
• Conduct financial analysis, including reviewing financial statements, credit reports, and market conditions.
• Analyze credit risk data and trends to forecast risks and opportunities.
• Use credit scoring models and tools to assess risk levels and determine credit limits.

Credit Portfolio Management:

• Monitor and manage the organization’s credit portfolio, analyzing credit exposure and risk concentrations.
• Implement strategies to reduce credit risk, including setting credit limits and collateral requirements.
• Analyze and report on portfolio performance, including delinquency rates, defaults, and emerging risks.

Risk Mitigation Strategies:

• Develop and implement strategies to reduce credit risk, including refining credit scoring models and risk assessment tools.
• Review and recommend improvements to existing credit risk management processes.

Model Development & Validation:

• Develop and validate credit risk models (e.g., probability of default, loss given default) to predict and quantify potential credit losses.
• Create and maintain tools such as Risk-Adjusted Return on Capital (RAROC) and other pricing models based on credit risk.
• Maintain and enhance the Risk Management Dashboard, including Key Risk Indicators (KRIs) and Key Performance Indicators (KPIs).

Collaboration and Communication:

• Support the Chief Risk Officer on credit and financial risk activities across the second line of defense.
• Work closely with departments such as underwriting, finance, and sales to ensure cohesive credit risk management.
• Provide training and guidance to staff on credit risk policies and procedures.

Qualifications:

• Bachelor’s degree in Finance, Economics, Business Administration, or a related field. An advanced degree or professional certification (e.g., CFA, FRM) is preferred.
• 7+ years of experience in credit risk management or a related field, preferably within the banking industry.
• In-depth knowledge of credit risk assessment methodologies, financial analysis, and regulatory requirements.
• Proficiency with credit risk management software and tools.
• Strong analytical, problem-solving, and decision-making abilities.
• Excellent communication and interpersonal skills with a proven ability to collaborate across teams.
• High attention to detail and capacity to work effectively under pressure.

Preferred Skills:

• Experience with CECL, RAROC, KRIs, and KPIs.
• Familiarity with industry-specific credit risk challenges and solutions.
• Advanced analytical skills with experience in risk modeling and stress testing.