Team and Role Overview
The Credit Risk function is part of the Risk Department, tasked with managing and overseeing the credit and counterparty risk framework. This includes:
*Developing and refining methodologies for assessing and managing credit and counterparty risks (e.g., exposures, limits).
*Assisting risk owners (such as investment teams and the CIO office) in identifying and understanding credit risks, enabling informed decisions on risk mitigation in line with Credit Risk standards.
*Collaborating with other teams to leverage Risk Management expertise, including supporting investees to strengthen their risk processes and occasionally assisting on due diligence trips.
*Conducting ongoing monitoring of credit risk, including periodic credit rating assessments.
*Reporting on risks to executive committees, the Board, and Shareholders to ensure understanding of how credit risks are managed.
*Performing ad-hoc risk analysis to assess exposure to emerging or thematic risks.
Purpose
To take ownership of Credit and Counterparty risk management across a diverse portfolio, which includes financial services, corporate entities, project finance, and/or private equity funds within operational regions.
Responsibilities
Credit Risk Management
*Lead responsibility for Credit and Counterparty risk for a portfolio including financial services, corporates, project finance, or private equity funds.
*Oversee the annual review of the portfolio, including credit risk rating assessments and continuous monitoring of risks, including early warning signals.
*Actively engage with Investment teams and other relevant parties to ensure effective risk monitoring.
*Contribute to the broader Credit Risk team across all portfolios and initiatives, including the design and oversight of risk rating systems and maintaining risk measurement tools.
*Implement and oversee credit risk policies and limits across departments.
*Provide pre-investment and product credit risk assessments to ensure risks are adequately managed.
*Monitor ongoing credit reviews, identifying trends or concentrations in risk exposures.
*Work with IT teams to support and enhance the development and maintenance of systems for managing credit risk.
Reporting
*Develop exception-based risk reports covering exposures, risk appetite, and mitigation actions.
*Prepare regular risk management presentations for governance committees and the Board Risk Committee.
Risk Culture
*Advocate for a strong credit and risk management culture by designing and delivering training to stakeholders.
*Mentor and develop junior members of the Credit Risk team and the wider organisation.
Candidate Requirements
Background, Skills, and Aptitude
*At least 5+ years of experience in credit risk management within an investment institution, such as DFIs, investment banking, or private equity. Experience in Emerging Markets is beneficial, though not essential.
Technical Skills
*Strong knowledge of credit risk management techniques, including rating systems, exposure measurement, and monitoring.
*Familiarity with debt products, structural credit enhancements, and both direct and fund investing.
*Understanding of default and recovery processes.
*Ability to work independently, gathering and presenting complex information.
*Strong quantitative, analytical, and attention to detail, especially in preparing reports and analysing data.
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