Senior Researcher - Credit Risk Review - Wholesale Banking

Location - Bangalore/Pune/Mumbai/Gurgaon

- 5-8 years of experience in credit risk, with good domain understanding of wholesale credit risk

- Support the Risk team of global banks in credit risk review program, requires strong credit domain and sector expertise as well as understanding of bank's policies and procedures

- Develop and obtain approval for monthly/quarterly review plans in line with bank's risk review program standards, ensuring adequate coverage of key credit assessment processes, and governance activities for portfolios

- Develop review templates/test scripts leveraging domain expertise across Corporates (including leveraged lending portfolio, Hedge Funds, Private Equity, Real Estate, SPVs / Special Assets etc).

- Execute reviews and perform credit quality checks encompassing the following:

- Planning, execution, and reporting reviews including recommendation. Review procedures will include assessing the:

- Accuracy of input data (critical data points) as applicable for the business line

- Completeness of all steps, information and processes required for credit risk assessment

- Adherence to applicable bank policies and critical procedures for credit reviews

- Ensure completion of reviews as per the approved monthly/quarterly review plan, including preparation of quarterly summary outlining the observations from the review exercise

- Produce actionable insights or corrective action for improvement of the risk review program basis the monthly/quarterly summary

- Update review templates/test scripts to align with evolving credit risk policies and processes and regulatory environment

- CA (preferred)/MBA Finance

- 5-8 years of work experience of which 3-4 years preferably in quality control / quality assurance /Audit, including exposure in wholesale banking credit operations, internal audit, credit risk, loan review or quality assurance review function at an investment or large commercial bank

- Understanding of key counterparty credit risk themes such as Stress testing, Early warning indicators, Wrong way risk, exposure modelling including PFE, collateral (full understanding of ISDA / CSA protocols and complexities) and margining processes including key regulations.

- Understanding of risk management and controls frameworks related to counterparty credit risk management or another financial risk discipline.

- Exposure to Market Risk and Credit Risk products such as Interest Rate, Equity, Collective Investment

- Understanding Foreign Exchange (FX), Securities Financing Transaction, Derivatives position (Standard approach and Internal Model), Loans and Off-balance sheet items would be an added advantage

- Ability to understand and track implementation of organizational policies and regulatory requirements

- knowledge and experience in designing and implementing robust Quality Assurance/control framework

- High level of attention to detail and accuracy; Diligence and hard work