Credit Risk Officer (225-801)

A Credit Risk Officer plays a vital role in the financial sector by assessing the potential risks faced by a lending firm or bank from their credit operations. This role involves analyzing financial statements and credit history to evaluate the creditworthiness of clients, both individuals and businesses. The Credit Risk Officer is responsible for ensuring that the company’s credit risk policies are adhered to and are in alignment with regulatory standards. They must balance the company’s profitability goals with the necessity of minimizing exposure to potential defaults. Strong analytical skills, attention to detail, and an ability to communicate complex information clearly are essential as a Credit Risk Officer works closely with various departments, including loan officers, compliance teams, and senior management, to devise strategies that safeguard assets and enhance the company's financial stability.

Responsibilities

• Conduct comprehensive analysis of financial statements to assess credit risk levels.
• Review clients' credit histories and report findings to senior management.
• Prepare detailed credit risk assessments and present to credit committees.
• Develop and maintain credit risk models for accurate risk evaluation.
• Collaborate with loan officers to ensure compliance with credit policies.
• Monitor and report on changes in clients’ credit risk profiles regularly.
• Identify potential credit risks and suggest mitigation strategies proactively.
• Ensure adherence to all regulatory requirements related to credit risk management.
• Design and implement risk management strategies to limit exposure to defaults.
• Conduct stress testing and scenario analysis to predict potential financial impacts.
• Lead training sessions for staff on credit risk evaluation techniques.
• Manage the credit risk portfolio to achieve a balance between risk and return.

Requirements

• Bachelor's degree in finance, economics, or a related field required.
• Minimum of five years experience in credit risk analysis or related roles.
• Strong analytical and problem-solving skills to interpret complex data sets.
• Proficiency in financial modeling and credit risk management software.
• Excellent communication skills to present findings to stakeholders clearly.
• Detail-oriented with the ability to manage multiple tasks effectively.
• Knowledge of regulatory requirements and industry best practices in credit risk.