Executive Job Title	Vice President-Credit Risk
Type of Registrant	Recruiter
Location	New York City
Industry & Function 1:	Financial-Banks-Investment&VentureCapital - RISK-Management/Analysis/Underwriting
Industry & Function 2:	Financial-Brokerage/Mut.Fund/Securities/MoneyMgmt - TRADING-Management/Trading
Compensation	$150,000 to $300,000
Executive Job Description	My client, a major investment bank is seeking an experienced credit risk professional with a good understanding of auditing for its Credit Review group. The person in the role will assist the Internal Audit department’s Credit Review team in completing its annual audit plan, communicating to senior management and the Board Audit Committee those areas requiring control enhancements and providing recommendations for improvements. Credit Review function has a global responsibility to evaluate the quality of the firm's credit process and opine on the quality of the credit portfolio. Credit Review covers all aspects of the firm's credit process, including but not limited to: • adequacy of and adherence to Credit policies and procedures • accuracy of internal credit rating, • quality of underwriting and credit analysis, • on-going monitoring of credit exposures and portfolio management. Credit Review officers are also responsible for the monitoring the implementation of the credit risk component of the firm’s Basel II AIRB project; on-going monitoring of credit portfolios assigned to them to identify emerging risks and trends and reporting them to Audit management. Credit Review officers are expected to liaise with regulators from the Federal Reserve, OCC and SEC. Reporting to the Head of Credit Review, the senior manager/VP will have a sound knowledge of credit analysis of all types of borrowers - large corporates, financial institutions, commercial real estate, small & medium sized enterprises etc. This skill set required includes: • Sound credit skills, preferably having worked as a credit analyst in a major bank /financial institution or rating agency. Very strong team-working skills to support the broader audit function by leveraging their knowledge to the best use of the Firm. • Build credible relationships with senior management in the Credit Risk function. • Having a good understanding of the OCC and FED guidelines relating to loan classification and the Shared National Credit process. • Being able to supervise and mentor junior staff, and review workpapers to ensure they meet internal standards. • Being able to manage audits to meet budgets and the time frame for completing audits. • Being able to properly assess potential findings for significance. • Drafting audit reports including writing clear and concise findings and recommendations. • Following up actions quarterly with clients through to completion.
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