Description
This position, within the Credit Team, will focus on the Credit concentration framework and credit risk assessment work. This will include credit concentration monitoring and limit setting and analysis of credit risk of asset classes, sectors and geographic regions. The primary purpose of the role is to lead on thematic and adhoc credit risk reviews and reviews on internal credit rating methodologies.
Key responsibilities include:
* Produce detailed credit risk reports on asset types, sectors and geographic regions, including forward-looking insight and analysis derived from trends observed in the data and other exposure analysis.
* Monitoring of credit risk exposure changes and risk changes
* Monitoring financial markets for emerging credit risk issues
* Ensuring that credit rating assessment and methodology are appropriate for UKL investments and credit analysis needs by challenging and reviewing fund manager approaches
* Contribute to the internal credit rating framework
* Credit risk review of new risk exposure opportunities
* Working collaboratively with fund managers, Group and Risk to formulate and underpin analyses and recommendations.
Role requirements
The ideal candidate will have:
* Either a relevant degree (economics, finance, accounting or related discipline) or relevant post-graduate qualification (egCFA).
* Corporate credit analysis risk experience which includes working across multiple sectors performing credit analysis of both investment & sub-investment grade counterparties.
* Experience of developing and operating quantitative and qualitative risk rating methodologies.
* Strong exposure and understanding of external credit rating experience highly advantageous.
* The ability to apply conceptual thinking to identify and resolve critical issues.
* A high level of proficiency in mathematical concepts and accounting principles and techniques.
* The ability to give advice and guidance within specialisation to staff at all levels.
* Excellent organisational skills with the ability to prioritise plan and adapt to best use resources.
* Proven ability to build and manage strong relationships with internal and external contacts at all levels.
* The ability to manage and engage in meetings, both internal and external.
* Knowledge of Solvency II requirements and in particular the management of credit risk for insurance firms
* Specific experience of developing and operating quantitative and qualitative risk rating methodologies.