Credit Risk Officer, Financial Institutions, Associate

Credit Risk Officer, Financial Institutions, Associate

Nomura
London, UK
Job Type:
Permanent
Salary:
£
50,000
-£
80,000
Closing Date:
31/12/21
Company Profile:

JOB DESCRIPTION

Job title: Financial Institutions

Corporate Title: Associate

Department: Credit Risk Management

Location: London

 

Department overview:

Credit Risk Management EMEA consists of around 20 London-based and 3 Frankfurt-based analysts who work in one of four areas: Financial Institutions, Sovereigns and related entities, Hedge Funds and Corporates. The department is responsible for analysing counterparties, assigning ratings, opining on trade structures, mitigating features and analysing transactions. We work closely with colleagues in the front office, other areas of risk and in other regions.

Role description:

  • This role will sit in the EMEA Financial Institutions Credit Team counterparties
  • Under the guidance of a senior credit officer, the Associate would be responsible for the coverage of portfolio of counterparties and approval of new trades and transactions
  • Primary responsibilities for this role would be to:
    • Independently undertaking credit analysis for EMEA Financial Institution groups. As part of the review, determining an internal credit rating/tier for the counterparty
    • New client approvals, including setting credit appetite, limits and rating, performing due diligence calls/ visits, drafting/ negotiating credit terms for legal documentation
    • Implementing and managing credit limits in accordance with risk appetite, including adherence to the Global Credit Limit Management Policy
    • Analysing economic, market, regulatory, industry events/developments and assessing their impact on the portfolio. Reporting any relevant events to the EMEA Head of Financial Institution and other relevant senior risk management
    • Managing counterparty risk exposure, including transaction assessment and trade approval. This includes: (i) liaising with front office personnel to understand the structure of transactions, (ii) agree on trading terms and (iii) the proposal of risk mitigating features for more structured/credit intensive transactions as well as credit terms incorporated into legal documentation
    • Ensuring adherence to Credit Risk limits, including Single Name limits, Country limits and counterparty specific limits, escalating breaches to Head of Credit Risk when necessary
    • Proactively identifying and monitoring exposure concentrations, identifying risk mitigating actions and escalating/updating to Risk senior management as appropriate
    • Analysing and interpreting the stress testing results and take actions as appropriate at counterparty, country and/or industry level
  • The candidate would also participate in /contribute towards credit risk projects/initiatives that help enhance the firm's risk management framework
  • The role's scope can be evolving over time. Suitable product training and mentoring would be provided to the new joiner

 

Key objectives critical to success:

  • Ability to produce high quality credit analysis from front to end
  • Capacity to operate in face paced and demanding business environment
  • Value added interface with business and senior management

Skills, experience, qualifications and knowledge required

  • 3 to 5 years' credit experience, gained in investment bank, asset management or rating agency
  • Experience in counterparty credit analysis, including sub-investment grade counterparties, in a range of industries and EMEA jurisdictions
  • Good working knowledge of Word, Excel and PowerPoint
  • Excellent oral and written presentation skills

Desirable

  • Fluency in 1 or 2 European language would be viewed favorably

Nomura competencies

Trusted Partner

  • Understand clients' needs and issues, and respond with high-quality proposals
  • Acquire capabilities to perform one's responsibilities and contribute to being a Trusted Partner

Entrepreneurial leadership

  • Produce new ideas that might challenge the status-quo or oneself

Teamwork

Collaboration

  • Seek advice from senior colleagues and utilize it for improved results
  • Collaborate with members from relevant departments

Influence

  • Contribute to the success of the organization both quantitatively and qualitatively, and act with awareness of the impact on others
  • Serve as role model and provide guidance to junior employees

Integrity

  • Have a good understanding of corporate philosophy, professional ethics, compliance, risk management, and code of conduct, and make decisions and take actions accordingly

 

Closing Date:
31/12/21
Job Id:
024771_1638357267