Duties and responsibilities
The Credit Risk team are responsible for the independent review of corporate credits, both when they are initially proposed to the Credit Committee and also throughout their life cycle.
At inception, this work will include:
- Detailed review of internal credit proposals on new loans (primarily leveraged loans)
- Discussing and resolving issues with the appropriate credit analyst and, as necessary, with others including external credit advisors and/or the CRO, in advance of Credit Committee
- Highlighting risk issues and ensuring that all relevant points are aired at the Credit Committee
In addition to reviewing new credits, the Credit Risk team drive the continuous and periodic review process. The latter will include:
- Ensuring that credit classification status is accurately tracked and that credit and concentration limits are adhered to including keeping relevant departments informed of changes (both from and internal and regulatory classification perspective)
- Recommending names for off-cycle review based on market, industry or name-specific developments
- Reporting suitable metrics to executive management and shareholders.
Periodic review runs to a monthly cycle, with an additional level of depth once a quarter, and will include:
- Identification of key names for the most detailed review
- Ensuring that meeting materials are accurate and sufficient to allow Committee to make informed decisions on the appropriate course of action, discussing with others in advance as above
- Updating credit classification status
- Making recommendations for credit provisioning or write-off if appropriate.
Responding to ad hoc requests from Senior Management and external stakeholders and undertaking project work as and when requested.
Required knowledge, skills and experience
The candidate will ideally come from a Credit Risk background and have a minimum of 2-3 years leveraged finance experience, covering all stages of the credit lifecycle from deal inception to workout. The portfolio scope is to invest across the European credit markets thus the candidate will be required to have experience in this space.
Knowledge of formal credit risk management techniques is also a requirement. Although the firm's size and philosophy both lead themselves to a process that, while not compromising on rigour or independence, aims to be significantly less bureaucratic and less confrontational than in many larger organisations.
- Strong fundamental credit skills
- Intellectual curiosity and independence of thought, likely to be evidenced by a strong academic record
- Strong communication skills including demonstrable ability to present effectively at all levels including executive management
- Understanding of financial modelling techniques typically used within the Leveraged Finance market
- A current knowledge of European Leveraged Finance credit facility documentation and the ability to identify key risk terms and their impact on lenders
- Highly-developed sense of teamwork and cooperation
- Flexible attitude ability and willingness to manage and drive one's own workflow while maintaining high levels of responsiveness to others