Credit Risk Officer (m/f/d)

Commerzbank AG; Amsterdam; On-site; EUR 90,000 - 120,000; Full time

Job summary

Commerzbank AG in Amsterdam is seeking an experienced credit risk professional to perform independent risk analyses, support front office in structuring transactions, and monitor ongoing risk across the portfolio. You will take credit decisions within delegated authority, develop sector and regional knowledge, and collaborate with relationship managers to gather client information and tailor risk profiles.

Fluent English and Dutch are required; minimum five years of credit experience in the

Qualifications

• Independent credit risk analyses and assessments.
• Support front office in structuring transactions.
• Ongoing risk monitoring and reporting across the portfolio.
• Minimum 5 years of credit experience in the Dutch market.

Responsibilities

• From the main duties: ensure independent and competent credit risk analyses and assessments; support the front office in structuring transactions in a risk-adequate manner; ongoing risk monitoring; decide on ratings and possible risk mitigants; take credit decisions within delegated authority; maintain sector/regional knowledge; monitor portfolio for rating changes and risk features; collaborate with relationship managers; evaluate risk/return profile.

Job description

Main duties

• 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).

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

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