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Credit Risk Analyst

  • up to £60k, depending on experience
  • Permanent
  • Central London
  • 19305

Your New Job Title: Credit Risk Analyst
The Skills You'll Need: English fluent, has experience on reports and system, extensive excel skills
Your New Salary: up to £60k, depending on experience
Location: London
Reporting To: Head of Credit Risk

The Purpose of Your Role:

·Running credit risk reports for both entities, and producing management information for the management committees and for Head Office.
·Providing support to senior risk managers in risk analysis. This involves team working with other risk analysts.
·Developing and improving the current credit risk monitoring tools, including portfolio credit risk monitoring and credit stress testing.
·Managing the Asset Classification process and running Expected Credit Loss calculations on regular intervals.

What You'll be Doing Each Day:

·Produce regular and ad-hoc reports for senior management and HO. This involves:
(1) working with other risk analysts and senior risk managers to ensure the accuracy of the risk positions; (2) monitoring risk limits; and (3) escalating issues to senior risk managers etc.
·Developing and improving the current credit risk monitoring tools, including portfolio credit risk monitoring and credit stress testing.
·Managing the Asset Classification process and running Expected Credit Loss calculations on regular intervals.
·New risk reporting implemented in RiskMetrics, Kondor+, KGR and other bank systems.
·Counterparty and Country rating monitoring on regular basis.
·If required, assisting with UAT for new product launches.
·Conducting BCP testing at disaster recovery site.
·To read and understand the Risk Management & Compliance framework (and the policies referenced therein) that are applicable to their work and ensure that their work is carried out in full accordance with those policies and procedures and with a high degree of professionalism and integrity. Particular attention should be paid to the requirements on individual members of staff laid out in the Joint Compliance Manual, Joint Conduct Risk Policy, Joint Conflicts Management Policy, the Joint Anti-Bribery & Corruption Policy and the UK Staff Handbook.
·To ensure familiarity with the appropriate documented procedures applicable to their work, including End-to-End Process Maps.
·Reporting and escalating material risk events, including conduct risk events and conflicts of interest, or losses to the Head of Department.
·Ensuring familiarity with the department’s detailed BCM plans.
·Ensuring transactions arranged are in accordance with the Joint Tax Risk Policy and Joint Booking Policy, and are documented in accordance with the Joint Legal Policy and any applicable departmental procedures.
·Ensuring managing the use of IT systems and of data, particularly personal data, in accordance with the Joint IT Security Policy and the Joint Data Protection Policy and any applicable departmental procedures.
·Ensuring the timely completion of training required by the Bank.

The Skills You'll Need to Succeed:

·Excellent communication skills, both written and verbal.
·Problem solving and team working skills and an eye to detail.
·Educated to degree level in a numerate discipline, additional risk qualification desirable.
·Extensive knowledge and experience of using Microsoft Excel, Word and PowerPoint. Skills in VBA, SQL, Visio etc. are desirable.
·Knowledge of, and previous experience in, credit risk systems highly desirable.
·Previous experience of Kondor+, KGR and RiskMetrics systems desirable.
·Ability to be flexible with working hours to support traders

Job status: Permanent
Start date: ASAP

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We would be grateful if you could send your CV as a Word document. Thank you for taking the time to apply to People First. If your application is successful, you will be contacted within 7 days but I’m afraid that due to the high volume of applications we receive we cannot provide feedback on individual CVs. Please note that we can only consider candidates who are eligible to work in the UK and are able to provide relevant supporting documentation.

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