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Credit Risk Management (CRM) evaluates credit risk transactions and approves rejects or modifies them considering the availability and appropriateness of arrangements for reducing risk or risk mitigation. The department also assigns Internal Credit Ratings; establishes and manages credit risk limits in accordance with the risk tolerance established by the Board; monitors and reports on credit risk exposures on a regular basis to the Chief Risk Officer and senior management. CRM also interacts with business units to ensure that credit risk assessments are factored into business decisions.
Role & Responsibilities This is a multi-faceted role which, will support senior team members with FID Secured Lending ("FSL") transactions comprising of loan on loans secured by a variety of asset classes namely commercial real estate, residential mortgages, non-performing loans. The principal responsibilities include assisting on the evaluation of new transactions and managing a portfolio of existing loans including annual and quarterly reviews. Fulfillment of these responsibilities involves: * Assessing new transactions. This includes an independent assessment and recommendation on the credit quality of proposed transactions, including their rating and alignment to the Firm's credit appetite * Monitoring an existing portfolio of transactions, including periodic reporting of risk profiles, trends, and concentrations * Preparing timely and insightful annual and quarterly reviews, including the assessment of performance against underwritten base case projections and key credit metrics * Review and verification of compliance certificates, debt covenants, and financial accounts * Preparing downside analysis of the credit quality of proposed and live transactions, to account for current or potential market stress * The review of due diligence and involvement in due diligence sessions, including asset site visits * Being the first point of call regarding credit-related matters for your portfolio and responding in a timely manner to ad-hoc requests relating to your portfolio * Ensuring adherence to credit and other relevant internal policies and practices * Working with risk stakeholders in the US, and within the bounds of OCC regulation
Skills Required * Undergraduate degree or equivalent * Minimum 2 years of experience working in banking or financial institution or asset management/ servicing industry * commercial real estate risk management experience or credit risk * Strong credit, analytical, and modelling skills (particularly with Excel) * A solid knowledge of typical transaction structures, facility documentation, and the lending process * Knowledge of basic accounting and financial concepts with a sound ability to analyze cash flows on a transaction * Excellent written and verbal communication skills with ability to establish credibility with Credit senior management and senior deal team executives * Demonstrable track record of working under pressure and managing multiple projects with limited supervision * Strong team player able to work effectively in a team environment
Preferred Skills & Experience * A background in risk management, investment banking, PE, advisory in the Real Estate space or rating agency experience in securitization