Credit Officer

New York, New York Permanent USD150,000 - USD180,000 per year
  • Competitive Package
  • Based in New York

About Our Client

Banking institution that offers services to private and entrepreneurial customers as well as corporate clients

Job Description

  • Based on commitments of mainly average/high riskiness, difficulty and/or complexity, the following duties, among others, are part of the CO-S's job specification:
  • To improve the risk result and the risk quality of the credit portfolio within his/her responsibility
  • To balance risk and return focus
  • Timely accurate and independent analysis of the financial and economic circumstances of single borrowers and borrowing entities (spreading of annual financial statements) as well as assigned industries and decision-making taking into account the most relevant segmentation criteria applicable to each case on hand
  • Valuation of collateral and its documentation
  • To fix the Rating in a consistent and risk-sensitive manner in compliance with the applicable guidelines and to overrule Ratings, if necessary
  • To provide advice and support to the Market unit in the internal exposure discussion
  • To get actively involved in meetings with the customer occasionally, to hold regular contact by telephone in the case of risk-critical and/or complex credit structures and/or ensure direct access to all relevant electronic deal systems (e.g. intralinks)
  • To check the contract documentation (especially credit and collateral agreements) and to ensure that the decision is implemented, in particular with respect to any restrictive provisions, covenants and/or collaterals
  • Identification and early detection of risks, perception of risk signals with proactive approach, maintaining name and accurate data in the Early Warning Tool (EWT and/or Credit Watchlist)
  • Risk classification (situational) in cooperation with other COs to ensure a consistent, comprehensible credit policy
  • To take into account portfolio targets
  • To monitor and define deteriorations in creditworthiness and to pass on such commitments to the Intensive Treatment units in line with the applicable guideline (right/duty to tender)
  • Duty to inform Group Head or Head of Department of process disruptions, problematic cases, relevant decisions in individual cases
  • To comply with the Service Level Agreements in terms of quantity and quality
  • To ensure data quality (e.g. Rating, Exposure Grids, Collateral, CRR etc.), especially with respect to regulatory requirements (Basel II, KWG)
  • To promote the transfer of know-how and experience as well as team spirit
  • To assist the Head of Department or Group Head in performing risk-management tasks in their area (e.g. portfolio analyses)
  • To act as an instructor or speaker in internal qualification measures and to junior staff in training
  • To verify and act on daily and weekly overdraft reports, reporting violations
  • To maintain follow-up on conditions/preconditions and their respective fulfillment
  • Responsible for special projects, such as preparing for audit
  • Miscellaneous responsibilities as required



MPI does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity or expression, national origin, age, disability, veteran status, marital status, or based on an individual's status in any group or class protected by applicable federal, state or local law. MPI encourages applications from minorities, women, the disabled, protected veterans and all other qualified applicants.

The Successful Applicant

  • Several years of experience in the analysis and decision of credit exposures in corporate lending operations with in-depth credit know-how, ideally supplemented by special preparatory training
  • Solid finance and accounting background
  • Comprehensive financial modeling/projections and sensitivity requirements
  • Minimum BA/BS in a business-related discipline; MBA/CFA a plus
  • Comprehensive knowledge of legal and tax matters relating to the credit business
  • Comprehensive general and business management knowledge as well as knowledge of industry analyses
  • Comprehensive knowledge of the wide range of finance products
  • Excellent verbal and written communication skills

What's on Offer

Competitive Package

Contact
Darin Chen
Quote job ref
JN-062024-6457280

Job summary

Sector
Banking & Financial Services
Sub Sector
Accountancy & Finance
Industry
Financial Services
Location
New York
Contract Type
Permanent
Consultant name
Darin Chen
Job Reference
JN-062024-6457280