Vice President - Credit Risk - Bank

Our client is a MNC Bank. We are looking for a VP - Credit Risk with the following responsibilities

A] Job Responsibilities:

Responsible for the daily supervision of the Credit Policy, Administration & Regulatory Reporting, and leading initiatives to create local credit policies, workflow and frameworks to ensure they meet regulatory needs and establish and manage a credit monitoring framework

1] Strategic

- Support risk function to improve and supervise the Credit Risk Framework for Indian operations, including developing and implementing policies, interfacing with business areas, Head Office risk appetite and regulators

- Assist in coordinating approval of specific deals and resolution of related issues.

2] Customer

- Lead the partnership with key internal stakeholders (GCIB, JCIB, Markets, Legal, Compliance and Finance teams at India level) and external (Regulators, Auditors) stakeholders to deliver a robust Credit Risk function that balances business needs and complies with regulatory and internal credit policy requirements.

3] People

- Responsible for guiding staff for on objective setting & performance management and developing (coaching, career progression & training) the teams aggregating 8-10 members

4] Other/Control (functional)

- Policy, Procedures and Audit

a) Support the Head of Credit Risk and CRO in the establishment and review of credit related rules, procedures, new projects etc. and ensure that they are in compliance with Head Office rules and local regulations for strong risk governance framework.

b) Support periodic audits and examinations (internal and external) within the department by reviewing the recommendations and establishing countermeasures as appropriate.

- Credit Documentation and Credit Control

a) Support the team to review, enhance and improvise processes for

1) Monitor covenant checks, due date control, approval conditions etc. done by the team and ensure all checks are carried out in a timely manner.

2) Monitor preparation of credit documentation by the team and support customization of documents with inputs from Legal.

3) Monitor document verification, limit registration and safe custody of documents.

b) Identify risk in the process and resolve such risk to enhance credit documentation and credit control

- Credit Reporting

a) Monitor the preparation of regulatory (RBI) reporting for credit related items including ICAAP (Internal Capital Adequacy Assessment) and Stress Testing and ensuring that regulatory stipulations are adhered to.

b) Collate and review various reports prepared by the team to ensure accuracy prior to submission to Head Office.

- Risk Control and analysis

Monitor development, maintenance and evaluation of portfolios for compliance to bank-wide policies and procedures as well as banking regulations.

- Risk Evolution

a) To guide and support the team for development of system- automation for various reports (internal and external)

b) Maintain good working knowledge of latest industry trends, products, relevant laws and regulations so as to apply them in strengthening the risk framework

B] Job Requirements:

Skills & Knowledge:

- Strong knowledge of local regulations (including reporting) relating to Credit and able to provide sound advice to other members of the team as well as being able to formulate changes to the Bank's current rules and procedures.

- Good knowledge of Corporate Banking products and services.

- Good experience in establishing Credit frameworks & control mechanisms and ability to upskill in line with emerging requirements.

- Extensive knowledge of Credit and related legal documentation under both Indian and English law.

- Good communication & stakeholder management skills with ability to influence others

- Strong coaching, mentoring and leadership skills

Education and Professional Qualifications Length and Type of Experience:

a) Qualified Degree

b) 15 years of relevant experience in Credit Policy & Administration for an international bank with a large presence in India with at least 5 years in a team management role.

Monika