Department Overview The Credit Risk department works with the business to independently quantify the appropriate level of risk for the client, for the firm and for our shareholders. We apply appropriate governance and control to ensure the right decisions are made using accurate calculation, assessment and recording of exposure and risk. We aim to have the best in class processes, models, systems and data integrity, thus attracting the best people and aim to be the employer of choice for Risk professionals.   Credit Risk is part of the wider Risk Function, which also encompasses Market Risk, Operational Risk, Risk Control, Credit Risk Measurement and management, Risk Management and investment Management,Risk Infrastructure.  Overall Job Purpose  Jobholder will be part of the team which is responsible for credit risk analysis, monitoring and limits administration for Insurance/Banks/ FI counter parties of globally. The team supports onshore credit officers by preparing annual credit review papers and in administration of - Credit Risk Analysis, Ratings & Appraisals/Credit Rating/risk limits/ exposure on this portfolio.  - Effective credit risk management of the assigned portfolio of financial institution clients (mainly banks).  - Preparation of annual credit review packs and Industry reviews.  - Supporting onshore credit risk officers in day-to-day risk management activities.  - Managing day-to-day credit limit requests for trade finance and treasury transactions.  - Managing within a set of credit limits assigned by the onshore credit officers to individual clients and portfolios at product and country level  - Maintaining accurate and up to date information in the Banks- credit systems  - Ensuring compliance with Bank's credit risk policies & procedures and internal controls framework  Key Accountabilities & approximate time split (%)  - Credit risk assessment of client banks/ financial institutions and country banking sectors  - Preparing high quality, concise but comprehensive credit notes covering analysis of:  - quantitative factors such as asset quality, capitalisation, liquidity, funding profile, portfolio concentrations, earnings quality, etc.  - Qualitative factors such as management quality, business profile/ strategy, and macroeconomic & regulatory environment, and exposure on the counter parties including risk drivers, key documentation terms/ mitigants, exposure/ limit parameters etc.  - Developing and maintaining analytical databases of clients- financial information and industry aggregates/ averages/ peer comparisons at both local and regional level  - Closely monitoring developments related to regulatory, industry, counterparty as well as market indicators such as external ratings, share price, CDS spreads and escalating problems and risk issues to onshore credit officers in a timely manner.  - Rigorous and continuous monitoring of exposure against risk limits  - Supporting onshore credit officers and the regional FI risk team in developing a Portfolio view of Insurance/FI/ Bank risk being run by the firm  Credit administration  - Timely action on transaction-level limit requests received from Front office and Product areas via allocation from limit framework assigned by onshore credit officers  - Escalating credit requests outside the agreed framework to onshore credit officers.  - Updating all credit risk systems to ensure that credit limits, internal grades and other credit parameters are aligned with the framework assigned by onshore credit officers  - Investigating limit excesses if any, and escalating to the onshore credit officers  - Preparing regular and ad-hoc Management Information packs for portfolio oversight  - Ensuring data integrity and robust control environment during risk management process  Person Specification  Essential:  - Masters/ Professional qualification   - 3+ years experience in credit analysis/ research  - Strong verbal and written communication skills in English  - Strong analytical skills  - Understanding of financial accounts & balance sheets of Banks and financial institutions.  - Ability to understand business environment and key risk drivers  - Ability to work independently as well as being a good team player  - Ability to multitask, work under pressure and handle urgent transactions in a timely manner  - Strong interpersonal skills, Confident, personable  - Proficient in MS office - Word, Excel and Power Point  Preferred:  - Experience in offshore credit analysis unit of a major international bank  - Experience in credit risk analysis of Insurance/Banks/ Financial institutions  - Familiarity with banking products such as trade finance and derivatives  Risk and Control objective: Ensure that all activities and duties are carried out in full compliance with regulatory requirements, Operational Risk Framework and internal Policies and Standards.

Mumbai

Analyst - Credit Risk - Insurance 

Analyst - Credit Risk - Insurance  ,Job Description for Analyst - Credit Risk - Insurance  in Elements HR Services in  Mumbai for (2-5) years of experience. Apply Now!

Job Description for Analyst - Credit Risk - Insurance  in Elements HR Services in  Mumbai for (2-5) years of experience. Apply Now!