FX Services firm seek a Junior Credit Risk Analyst as art of their expanding risk function.
The role is an exciting opportunity to help co-ordinate and manage the group's credit risk operations. The role will allow candidates to produce detailed analysis of prospective and existing counterparties to assist senior management to make informed commercial decisions. The candidate should enjoy a fast-paced and evolving working environment.
They will work closely with numerous stakeholders from various departments including Front Office, Compliance and Treasury. The group strongly encourages personal development of their employees, and therefore would be willing to support relevant post-degree qualifications. The combination of a dynamic working environment and support of personal development should make this a great prospect for early career development.
Essential Functions and Responsibilities
Prepare credit reviews of new and existing counterparties, approving within individual authority. o Documentation, presentation and analysis of transaction structure, financial information and counterparty relationship. * Providing robust and detailed recommendations of credit limits and internal ratings for escalation to the appropriate approval authority. o Concise and well-thought-out recommendation(s), from Credit Manager level up to Main Board. *
Review of structured options product proposals from a credit perspective. * Portfolio reviews of clients and counterparties based on country or sector risk. * Preparation of daily, weekly, monthly and quarterly credit risk and main board reports. * Completion of credit files and updating of risk limit systems. * Where required, providing input into the scoping, design, development, validation and implementation of credit risk models.
Experience and Qualifications Required *
Educated to bachelor's degree level * Studying towards post degree level qualification preferable. Relevant qualification bodies would include; ACA/ACCA/FRM/IRM/CFA/CISI
Experience of working within a group credit risk function or business level equivalent. * Experience of working in an underwriting/decisioning role in a bank or financial institution.
Highly numerate with strong analytical skills and attention to detail. * Well organised and experience of working to tight deadlines and managing high workloads.
Technical Skills Required
Financial statement analysis and research skills. Ability to analyse and assess embedded credit risks and to interpret financial data. * Understanding of risk rating methodology and external ratings. * Sound judgement in decision making when making credit recommendations.
Excellent communication skills with the ability to build effective relationships with key stakeholders within a complex organisational environment.
Morgan McKinley is acting as an Employment Agency and references to pay rates are indicative.