Credit Risk Officer

Commerzbank Gruppe; Amsterdam; On-site; EUR 90,000 - 130,000; Full time

Job summary

Commerzbank Gruppe in Amsterdam is seeking a seasoned credit risk professional to perform independent analyses, assess forward-looking risks, and monitor portfolio risk across the lending book. You will support the front office in structuring transactions in a risk-aware manner and participate in ratings and risk mitigant decisions within delegated authority.

The role requires at least 5 years of credit experience in the Dutch market, plus fluency in English and Dutch (oral and written).

Qualifications

• Minimum 5 years credit experience in the Dutch market.
• Fluent in English and Dutch (oral and written).

Responsibilities

• Ensure independent credit risk analyses and assessments including forward-looking analysis and industry/peer comparison.
• Support front office in structuring transactions in a risk-adequate manner and ongoing risk monitoring.
• Decide on ratings and possible risk mitigants (collateral) and take credit decisions within delegated authority.
• Maintain Sector/Regional knowledge and monitor portfolio for rating accuracy and risk features.
• Collaborate with relationship managers to obtain client information and research for risk profiling.
• Provide input for portfolio analysis reports and ensure timely risk monitoring and communication.

Job description

Your tasks

• Ensure (i) independent and competent credit risk analyses and assessments (forward looking analysis, industry expertise and peer comparison); (ii) to support the front office in structuring transactions in a risk-adequate manner and (iii) ongoing risk monitoring;


• Where possible produce a one-step credit processing for the borrowing entity incl. the relevant BeNeLux ,German and other borrowers (i.e. acts as group CO).


• Decide on ratings and possible risk mitigants (i.e. collateral);


• Take credit decisions within held Delegated Authority and recommend proposals to higher approval authorities ensuring presentations are of the required high standard;


• Develop and actively maintain Sector/Regional knowledge for the specific sectors/regions covered within the team;


• Monitor the portfolio regarding rating actuality and distinctive risk features as well as to report on risk relevant findings;


• Be responsible together with the relationship manager for getting the necessary client information and research, potentially with direct client contact to take into account the overall risk profile (amount/tenor/rating) to match the depth of analysis required;


• Consider and comment on the risk/return profile of the exposure managed/approved.

In line with Commerzbank’s high standards regarding client-oriented services and subject to general principles, business and credit related directives, as well as the guidelines for managing credit risks: Hierarchy: Directly reporting to: Local Credit Officer (F3)

Specific Main duties:

• Ensure best practice credit risk analyses, assessments and decisions;


• Approve credit applications according to delegated authorities based on the independent internal rating and the given collateral if appropriate;


• Decline transactions if necessary, to define conditions for approval or to propose alternative structures;


• Assist front office and legal in negotiation of loan and trading documentation to ensure that signed documents meet credit criteria;


• Ensure that the re-rating and credit reviews in your responsibility are done in a timely manner and in compliance with applicable guidelines including override of ratings as appropriate


• Supply of necessary information from his/her own sphere of activity for the preparation of Industry Batches;


• Take care of up-to-date ongoing risk monitoring (e.g. collecting information, Watch-List, early-warning signals, compliance with covenants) to identify and detect at earliest opportunity credit deterioration and suggest/propose specific risk mitigation;


• Escalate/ inform the Local Credit Officer of process disruptions, problematic cases, relevant decisions in individual cases that may be escalated;


• Determine/recommend if counterparties have to be transferred to GRM CC-RC ("intensive care") and to prepare the respective action;


• Ensure input of credit related information into the relevant IT systems in a timely and orderly manner;


• Visit clients in case of need (coordinated with the respective front office);


• Support and consult the front office in credit risk related issues;


• Ensure the fulfilment of tasks in an economic, efficient, quality- and deadline-conscious manner;


• Promote transfer of know-how and "buy in" to a team spirit / co-operation ethos; and


• Assist Local Credit Officer with input into various reports and ad hoc requirements relating to portfolio analysis (i.e. Portfolio Reviews, factbooks etc).

Your Profile

Experience: minimum 5 years credit experience in the Dutch market.

Language skills: Fluent in English and Dutch (orally and written)