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Credit, Monitoring & Control Analyst

City, London, United Kingdom, £ £ - Annual Annual, Permanent


This role is within the Credit Monitoring & Control team of the Risk department. Credit Monitoring & Control team is responsible for undertaking risk surveillance and monitoring of the credit portfolio and managing the Early Warning Risk framework.

The purpose of the role is to support the credit monitoring and control function. The role requires strong credit knowledge and ability to conduct financial analysis. You will be responsible for monitoring various aspects of credit approval as well as implementing and ensuring various controls during this process.

You will be responsible for the maintenance of financial covenants and early warning alerts and propose suitable actions to various committees. You will contribute to the development and improvement of existing systems and processes. You will liaise with and provide support to Business Development and other stakeholders to ensure the Bank\'s risk appetite and credit policies and procedures are always adhered to.

Early Warning Process

Manage the Early Warning Risk process and Forum, identify and report the early warning indicators for various customers in the portfolio and suggest appropriate remedial action.

2. Act as a Secretary and prepare the minutes for the Early Warning Risk forum meetings.

3. Propose the early warning signals for different credit profiles, at the credit application stage.

4. Conduct specific assessments related to early warning indicators and financial covenants and recommend appropriate action including staging of the customers to the watch list category.

5. Maintenance of the data base related to covenant monitoring and trigger monitoring requirements for various customers in the portfolio and provide reports to the Management Committee.

6. Keep up to date on the market information and immediately highlight any concerns affecting the portfolio.

Monitoring Process:

1. Close monitoring of the credit risk portfolio to ensure that all credit approved terms and conditions are adhered to, in order to maintain a very high-quality risk asset portfolio for the bank.

2. Monitor the risk of client portfolios to ensure they stay within agreed parameters of the Credit Policy and the Risk Appetite Statement.

3. Monitor the overdues of the customers regularly and follow up with the respective Business teams to ensure recovery.

4. Perform periodic review of the transaction dynamics as an internal control measure for various transaction management facilities.

5. Perform periodic review of the collateral managers and the valuers used for valuing the collateral.

6. Perform the reviews of the drawdown checklist before setting up of facilities.

Control Process:

1. Act as a maker or a checker in respect of setting up of limits or limit amendments on the Bank\'s Flexcube operating system.

2. Perform required controls in relation to release of securities.

3. Ensure that limit excesses and waiver approvals are returned to order.

Fluency in French would be highly advantageous but is not essential.

Actively participate in credit projects and initiatives as appropriate (including attendance at calls and meetings as and when required)

Assume ownership for the implementation of additional responsibilities outlined in the Credit Strategy and Workplan

Job Details

Not Specified
City, London, United Kingdom
£ £ - Annual Annual