Morgan McKinley
FIG Credit Risk Manager - Director
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Job Description
Reporting to Head of FIG Credit EMEA, the candidate will support in delivering efficient and proactive Credit Risk Management falling within the responsibility of FIG Credit on behalf of the Chief Credit Officer EMEA; Chief Risk Office EMEA and International Chief Risk Officer.
The candidate will be acting as a senior credit approver with material delegated credit authority on an entity-agnostic basis across all counterparty types and products. This will include the ability to make swift decisions on time-sensitive trading enquiries.
The role will have a specific focus on growth areas, including structured financing solutions for financial sponsors, insurance companies, and banks/non-bank lenders, inclusive of portfolio financing against private credit loans; listed/unlisted equity margin loans and repo/TRS transactions on less liquid assets. The candidate is expected to drive the development of risk frameworks, risk measures, and coordinate rating enhancements relating to these products.
Proactively review, recommend, and implement changes to credit risk processes, measurements, and procedures in line with developments in the business plan, governance, and regulatory expectations.
Support Head of FIG Credit EMEA in developing an organizational structure that supports the business plan and the FIG strategy. Ensure that direct reports are motivated, any experience gaps are addressed, and that succession planning is up-to-date.
Work for increased collaboration across FIG teams in different regions.
Key Responsibilities
Accountable and responsible for taking appropriate action with respect to FIG Credit, including:
Planning and Strategy Development:
- Support the implementation of strategies for FIG Credit and that these are in line with business objectives, agreed with relevant stakeholders, and understood by FIG Credit. Take a broad responsibility for strategies across the portfolio but with a specific focus on higher growth areas such as financial sponsors. This includes contributing to the development and implementation of regional/global credit strategy for the strategic business initiatives and sectors within the overall business strategy.
Risk Management:
- Responsible for monitoring, and taking action further to delegated authority in respect of the risk being run across the bank. This includes:
- Judicially use of Delegated Credit Authority for the bank. A wide use of approval authority across FIG Credit is expected across all products and clients.
- Ensure that Direct Manager and other senior stakeholders in Risk are kept updated on key portfolio and risk developments through timely and effective communication.
- Support the enhancement and development of effective credit risk control for existing and new product frameworks. This is inclusive but not limited to structured financing solutions for financial sponsors, insurance companies, and banks/non-bank lenders, inclusive of portfolio financing against private credit loans; listed/unlisted equity margin loans, and repo/TRS transactions on less liquid assets.
- Ensure that direct reports understand and act in line with broader risk appetite considerations agreed for FIG Credit.
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Regulatory Compliance, Affairs, and Change:
- Support responses and interaction with regulators as well as internal stakeholders. Act as a delegate for FIG Credit in Head of FIG Credit EMEA's absence.
- Promote development to internal systems, procedures, and controls.
- You are responsible for ensuring that FIG Credit act in line with internal risk and compliance requirements, controls, and procedures and that any deficiencies are promptly escalated.
- Personally, following all relevant policies and procedures, and ensuring those in your team also follow policy and procedures.
People: You will have manager responsibility for 2-3 people (adjusted depending on business needs) and will manage the following matters:
- Build (via recruitment, restructuring, and internal development and subject to the FIG Credit’s Human Capital Plan) a team of high-quality professionals that will achieve the objectives of the broader Group. Ensure that any capability and capacity issues are addressed and escalated.
- Accountable for ensuring that all staff under your remit are fully trained and understand what is required of them in order to do their jobs effectively, including ensuring that job descriptions, objectives/personal development, and performance reviews are provided for all staff at least once a year in accordance with HR requirements. Handle appropriately any grievance or disciplinary issues.
- Accountable for ensuring that any responsibilities that you have delegated to other staff, including those in respect of regulatory obligations (where applicable), are appropriately apportioned and controlled. Ensure that the staff in question have a clear understanding of these duties.
- As a senior member of FIG Credit, consider and support the development of the wider team and promote a positive work environment.
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Relationship with other functions and stakeholders:
- Maintain and enhance good working relationships with stakeholders, across the region and globally to share best practices, provide support, and develop effective local policies and procedures appropriate to the Company.
Work Experience
Essential: Required Work Experience:
- +15 years’ experience in Credit Risk Management with approval authority and MRT status.
- Long-standing management experience.
- Experience from presenting and representing Credit Risk at the most senior management level as well as in front of regulators.
- Relevant experience in credit risk with a focus on a wide range of FIG client and products. Specific experience of structured financing solutions is required.
- FIG Credit cover both corporate banking and traded products and good product knowledge covering corporate lending, derivatives, and trade finance is required.
- Familiarity with key regulatory frameworks and relevant banking regulation that impact credit risk management.
Skills and Experience
Functional / Technical Competencies: Essential:
- Strong analytical skills with experience from new product adoption and structured financing solutions.
- Strong knowledge of corporate finance, capital markets, traded products, and credit / market risk principles.
- Close familiarity with credit risk measures including PFE and stress scenarios. Familiarity with Market Risk measures is favored.
- Experience from opining to legal documentation from a credit perspective across loan; guarantee, and traded products (ISDA/CSA/IM/GMRA/GMSLA/CDEA) perspective.
- Experience of leading complex risk projects including regulatory remediation.
Education / Qualifications: Essential:
- Bachelor Degree or equivalent
Preferred:
- Master’s Degree and relevant industry accreditation
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