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Credit Risk Analyst - CLO

  • Location: London
  • Salary: £40,000 - £60,000 Base
  • Job type: Permanent
  • Job reference: AB/166525
  • Sector: Credit Risk
Job Description

Duties and responsibilities

The Credit Risk Analyst will be responsible for maintaining an accurate portfolio dataset of financial information on the Borrowers in the portfolio for IFRS9 reporting purposes in addition to undertaking the independent review of corporate credits throughout their life cycle as part of the ongoing portfolio monitoring process.

The management of the IFRS9 credit dataset will involve second line of defence validation of information provided by the Credit and Investments team for inclusion in Moody’s RiskCalc model.

The Credit Risk Analyst will be expected to take ownership of the accuracy of the data and be the primary point of contact / ‘local champion’ for this portfolio data, as well as providing recommendations on credit classifications and IFRS9 staging criteria.

The Credit Risk Analyst will also actively participate in the continuous and periodic credit review process. The former will include:

Discussing and resolving issues with the appropriate credit analyst and, as necessary, with others including the wider Credit Risk team and/or the CRO

Highlighting risk issues and ensuring that all relevant points are reflected in a Risk team comment on each set of monitoring information presented by the Credit and Investments team

Ensuring that credit classification status is accurately tracked and that credit and concentration limits are adhered to including keeping relevant departments informed of changes (both from an internal and regulatory classification perspective)

Recommending names for off-cycle review based on market, industry or name-specific developments

Periodic review runs to a monthly cycle, with an additional level of depth once a quarter. The latter will include:

Identification of key names for the most detailed review

Monitoring exposures for any significant increases of credit risk (“SICR”) and non-performing exposure (“Default”) triggers.

Ensuring that meeting materials are accurate and sufficient to allow Committee to make informed decisions on the appropriate course of action, discussing with others in advance as above

Updating credit classification status

Making recommendations for credit provisioning or write-off if appropriate

Responding to ad hoc requests from Senior Management and external stakeholders and undertaking project work as and when requested

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