Credit Risk Manager 31O25

The position of a Credit Risk Manager is a critical role within the financial industry, responsible for overseeing and managing the credit risk a company or financial institution may face. This role requires a strategic thinker who can understand complex financial data and market trends to implement and maintain credit risk management strategies. The Credit Risk Manager's primary duty is to assess, mitigate, and control the risks associated with lending activities, thereby ensuring the organization's portfolio health is maintained, and losses are minimized. Part of their function involves developing policies that conform to the organization's goals and regulatory requirements. They work closely with various teams, including financial analysts, loan officers, and accounting departments, to ensure a clear understanding and communication line regarding credit policies. The role demands a candidate who is analytical, possesses strong leadership skills, and can effectively communicate findings and strategies to senior management.

Responsibilities

• Analyze and monitor credit risk exposure across the organization's portfolio consistently.
• Develop and implement effective credit risk management strategies and practices.
• Prepare detailed reports and presentations on credit risk assessments and forecasts.
• Review and approve credit risk ratings for new and existing customers.
• Collaborate with cross-functional teams to ensure alignment with risk management frameworks.
• Conduct stress testing and scenario analysis to gauge potential risk impacts.
• Design and enforce policies to ensure compliance with regulatory requirements and standards.
• Identify potential areas of improvement and risk reduction strategies in credit processes.
• Provide training and support to staff on credit risk policies and related projects.
• Maintain a comprehensive understanding of the global economic and market conditions affecting credit risk.
• Liaise with external auditors and regulatory bodies regarding credit risk management practices.
• Lead a team of analysts, providing guidance, oversight, and development opportunities.

Requirements

• Bachelor's degree in Finance, Economics, Business Administration, or a related field.
• A minimum of 5 years of experience in a credit risk management role.
• Demonstrated analytical skills with the ability to interpret complex financial data.
• Proficient in risk management software and financial modeling tools and techniques.
• Strong understanding of regulatory requirements related to credit risk management.
• Excellent communication skills to effectively present findings and strategies to stakeholders.
• Proven ability to lead and mentor a team of credit risk professionals effectively.