Chief Risk Officer - NBFC

The Role :

- The candidate shall be responsible for ensuring the overall quality of the lending portfolio by planning and directing all aspects of credit risk.

- This position will ensure an effective credit risk management program is in place within the company, by establishing the framework for risk management activities and driving consistent standards across the organization.

- This position will identify credit risk; assess enterprise effectiveness in managing these risks through appropriate internal controls; and build awareness of the business implications of credit risk, and how to manage credit risk, as part of the leadership culture.

- This role will be expected to fully understand the business and evaluate, improve, and monitor it, including assisting in reporting to the Board and Board Committees and providing leadership in the effectiveness of credit risk management controls, systems, and processes across the organization.

In addition, this role will ensure effective credit risk management and corporate governance practices are established and maintained.

Risk Management Responsibilities :

- Provide senior management advice on credit risk issues in strategic decision making

- Identify and resolve material credit risk issues

- Develop continuous monitoring and improvement of the quality of the organization's credit and lending portfolio through credit policy direction and implementation

- Establish and manage all departmental policies and procedures.

- Design sustainable processes to mitigate credit risk by framing the breadth and depth of control testing, evaluating business operations, participating in the evaluation of new products and business opportunities, and providing aggregated and detailed reports on credit risk in line with risk appetite and limits

- Lead a variety of task force assignments to enhance SCUSA credit risk management, particularly with regard to remediating regulatory findings and internal audit issues

Reporting Responsibilities :

- Help guide management to see a global view of credit risk

- Provide clear, concise and objective guidance to management and comprehensive summary reports to the appropriate committees including Pricing and Credit Risk Committee, Board Enterprise Risk Committee, the Board of Directors and any other forums or committees as tasked.

- Provide regular review and analysis of portfolio trends to detect deterioration in portfolio quality. This includes the monitoring and control of the credit portfolio by ensuring that all credit exposure is properly approved, reported and reviewed.

- Provide ALLL analysis and make recommendations for allocations quarterly

- Prepare problem loan reports for senior management and the Board and identify loans meeting non-accrual and charge-off criteria

- Prepare concentration reports and such other reports deemed necessary to convey loan and portfolio and third-party relationship risks to management and the Board

- Maintain ongoing relationships with management throughout the organization and effectively manage and motivate the team.

- Interact with Executive Management as well as leadership of all departments to facilitate the accomplishment of company goals

- Complete reviews/projects and additional work within specified timescales and in line with departmental standards.

- Develop staff throughout the department in accordance with company goals.

- Ensure that all tasks are carried out with a high degree of professionalism.

- Responsible for managing the team in a positive and constructive manner, encouraging and motivating others, providing guidance where necessary

- Set adequate and measurable goals / objectives to aid staff development with ongoing review.

- Deal effectively with complex and sensitive issues raised.

- Ensure all credit exposure complies with credit policies, procedures, standards and required capital provisions

- Develop analytical processes and procedures to identify risks and opportunities in the origination stream and portfolio.

Oversight Responsibilities :

- Review the largest direct loans and third-party loan program risks, making recommendations on structure, terms, pricing, and vendor/channel oversight required

- Ensure risk and return objectives are clearly communicated to accountable business managers

- Ensure supporting documentation is maintained in compliance with Pricing and Credit Risk Committee requirements

- Oversee the Pricing and Credit Risk Committee

- Participate on the Finance and Treasury Committee

- Participate on the Executive Steering Committee

- Oversee changes to the Credit Policy, risk appetite and risk limits

- Coordinate regulatory exams related to credit risk matters