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Job Ref: 14938
Salary: $65000 – $150000
AVP Credit Risk Management
Located onsite in Manhattan with a foeign bank
Base Salary: $65k – $150k (Based on experience and qualifications)
Qualifications:
- Bachelor’s degree is required, preferably in Finance/Economics/Accounting major; MBA preferred
- 4 years of Credit Risk Management experience required
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Experiences in any of two areas: accounting/CECL/IFRS9, financial data/call report, management level credit risk reporting, programming or policy writing are required
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CECL and accounting knowledge is required
- CPA/CFA/FRM is preferred
- Demonstrate knowledge in accounting
Responsibilities:
- Lead the estimation process for credit loss allowances, ensuring accuracy and adherence to accounting standards (e.g., CECL, IFRS 9).
- Prepare and review internal reports and presentations related to credit losses for senior management and regulatory bodies.
- Collaborate with model team and data team to refine methodologies and improve predictive analytics.
- Monitor the Bank’s credit risk profile, including but not limited to asset quality, change of portfolio composition, concentration, rating migration and changes of loan provisions;
- Monitor and prepare report regarding adherence or breach to risk metrics;
- Prepare credit risk reports to committees on monthly basis to Credit Risk Committee, to Risk Management and Internal Control Committee and the Board meeting quarterly;
- Enhance existing credit policies and procedures in line with industry practice, regulatory guidance and guidance from Head Office
- Assist in the Bank’s communication with regulators and/or auditors regarding credit related issues
- Propose meeting agenda;
- Prepare and compile meeting materials;
- Prepare meeting minutes.
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