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An established global corporate and investment bank seeks a VP Credit Risk Management to oversee credit risk for Non-Bank Financial Institutions such as hedge funds and insurance firms. The role requires significant experience in credit analysis and stakeholder management, with a focus on maintaining high credit quality and supporting strategic business growth. This position offers a competitive salary and is based in a hybrid work environment in London.
An established banking brand with a solid track record of sustained growth over the last 15 years, this global bank has built an excellent business and continues its growth strategy. We are now helping our client recruit for VP Credit Risk Management with strong Non-Bank Financial Institutions coverage such as investment trusts, asset management and private equity firms, hedge funds and insurance companies. This is a key second line of defence role providing credit risk management / oversight of new credit transactions for Non-Bank Financial Institutions ("NBFI", e.g. Insurance, Asset Managers, Hedge Funds, etc), Fund Finance (e.g. NAV Finance), Securitization.
Search Criteria:
Role Purpose:
Responsibilities:
Exercise strong risk assessment methodology toward new transactions and management of a portfolio of FI clients across a variety of sectors, geographies, and asset / product types.
Working as a trusted partner with Front Office deal teams to ensure delivery to clients whilst maintaining high credit quality. Articulate CD risk perception and appetite for a transaction in line with bank policy and procedures, manage the interaction and communication with front office teams, and attend meetings with clients where necessary.
Experience and capability to take a complex FI transaction from inception to approval with limited supervision.
Flexibility to work to tight deadlines under pressure (including ability to work outside of contracted hours from time to time / as workflow demands), to give prompt responses to customers.
Collaborate with other risk and compliance functions where appropriate to ensure enterprise wide view of risk is considered.
Support pipeline management of the team and assist other members of the team by proactively taking work in a manner which ensures work is fairly distributed, particularly in times of strong workflow / staff absences.
Develop relationships within the team: seek guidance and advice from colleagues; express well-reasoned arguments and influence senior management; and assist in recruitment and training of more junior staff.
Willingness / flexibility to be involved in ad hoc projects supporting the strategy of FI credit team and the wider department / institution.
Draw on expertise and professional knowledge to propose innovative solutions / improvements to status quo.
Experience required:
Seasoned credit professional with extensive credit risk experience leading and negotiating deals either in a front office or second line credit role, likely to have been gained from a market leading bank with experience over more than one credit cycle.
Deep knowledge and experience managing credit risk with solid understanding of Hedge Fund clients (particularly due diligence, rating assessment of hedge funds, limit setting) being essential, and understanding of other NBFI types is desirable (such as insurance, funds, investment trusts, asset managers, and non-bank lenders in developed countries).
Extensive product knowledge covering all major derivative instruments and repo, knowledge of trading credit risk and experience leading complex legal negotiations for associated documentation (including ISDA/CSAs, MRA, GMRA, MSLA).
Product and legal documentation knowledge in wider FI types highly preferred (lending, trade finance, fund finance, etc).
Degree level education and / or relevant professional qualifications (eg: ACA, ACCA, ACT, CFA), and a track record of continued learning and development.
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