Senior Director Credit Risk Manager in Slough

EMEA Financial Institutions Credit Risk Management (“FIG Credit”) is a Credit Risk team within 2LoD Risk department. It is responsible for Credit Risk Management inclusive of review and approval for a diverse set of FI counterparties including but not limited to banks, insurance companies, leveraged and unleveraged funds and sovereigns within the EMEA region. The portfolio spans developed and emerging markets clients and across a range of borrowing, trade finance and trading products as well as non-recourse structures, securities inventory and country risk. FIG Credit is entity agnostic and responsible for 2LoD Credit Risk Management for the bank.

Primary responsibilities for FIG Credit include:

• Support 1LoD by developing risk and counterparty frameworks that promote the company's business plan by balancing commercial and risk considerations.
• Ensure that Credit Risk frameworks and appetite are well communicated across the bank and in line with Chief Credit Office’s and Chief Risk Officer’s expectations and understandings.
• Credit Risk onboarding of new counterparties and periodic review of existing counterparties inclusive of limit setting and rating assessment.
• Provide Credit Risk approvals of annual reviews and ad-hoc transactions within delegated credit authority.
• Review of Credit Risk terms in legal documentation across loan and trading products.
• Monitor, review and take actions on Credit Risk exposure to ensure it remains within appetite and that breaches are acted upon.
• Monitor, review and communicate counterparty, industry and market developments that are relevant to the portfolio.
• Participate in projects to enhance Credit Risk systems and measures or to address audit/self-identified issues.

NUMBER OF DIRECT REPORTS: 2-3 direct reports

MAIN PURPOSE OF THE ROLE:

Reporting to Head of FIG Credit EMEA, the candidate will support in delivering efficient and proactive Credit Risk Management falling within the responsibility of FIG Credit on behalf of the Chief Credit Officer EMEA; Chief Risk Office EMEA and International Chief Risk Officer. The candidate will be acting as a senior credit approver with material delegated credit authority on an entity agnostic basis across the bank and across all counterparty types and products. This will include the ability to make swift decisions on time sensitive trading enquiries.

The role will have a specific focus on growth areas for inclusive of structured financing solutions for financial sponsors, insurance companies and banks/non-bank lenders inclusive of portfolio financing against private credit loans; listed/unlisted equity margin loans and repo/TRS transactions on less liquid assets. The candidate is expected to drive the development of risk frameworks, risk measures and coordinate rating enhancements relating to these products.

Proactively review, recommend and implement changes to credit risk processes, measurements and procedures in line with developments of the business plan, governance and regulatory expectations.

Support Head of FIG Credit EMEA in developing an organisational structure that supports the business plan and the FIG strategy. Ensure that direct reports are motivated and any experience gaps are addressed and that succession planning is up-to-date.

Work for increased collaboration across FIG teams in different regions and with the FI Credit Office in Tokyo.

Support Head of FIG Credit EMEA by acting as deputy for risk committees, interaction with regulators and coverage when Head of FIG Credit EMEA is absent.