Manager - Country Risk
Primary Responsibilities will include the following activities :
- Annual Country and Sovereign risk review/assessment for countries assigned.
- Collecting and analyzing all the relevant parameters affecting the creditworthiness of a country.
- Evaluate the ratings produced by the country risk model- and if required propose adjustments to the model generated ratings with appropriate justifications.
- Discuss the country & sovereign risk rating with country CEO and CRO, in addition to regional CRO, Heads and economists and get their approval on final country rating and classification.
- Undertake the necessary and valid inputs from the regions and incorporate in the review text and scoring, if possible.
- Undertake the approval of country reviews by Risk Head within WMR or Group CRO, especially for sensitive or high risk countries.
- Liaise with Geo-Political Risk Team to assess in-depth political analysis for high risk countries under review.
- Calculate the Operating environment score while doing the country review for banks model - An important factor for Banks rating undertaken by FI's team.
- Propose changes to the Group's credit risk appetite to a country and/or sovereign based on the review process.
- Track developments that may impact a country's creditworthiness and ensure Group Risk management is kept apprised of these changes.
- Contribute to weekly global macroeconomic report from CRU.
- Undertake country risk exposure calculations and advise the group as and when required.
- Be an expert in the countries/ regions assigned and actively participate in discussions.
- Quarterly preparation of Cross Border exposure reports to identify risk concentrations whether in individual countries, geographic regions or country rating categories.
- Quarterly preparation of Cross Border Impairment allowance report, as per the Impairment Policy to assist the Group Risk in recording the country risk impairment percentages/allowances for all individual and collective assessments of impaired facilities.
- Assist different Group offices in their trade transaction or FI approvals by sending the country outlook/risk on a medium-to long term basis.
- Undertake any ad-hoc request from any Group Offices around the globe with respect to country information/suggestion/discussion or any other sort of other details.
However, depending on the experience, skill and competence, he or she can be given additional responsibilities
Skills/Experience Required :
- Post-graduate qualifications in Macroeconomics (or a related discipline) and knowledge of quantitative techniques, preferably from a reputed institute.
- Sound analytical skills, plus ability to work on own initiative with a flexible approach to issues.
- Very strong report writing skill and command over language is essential.
- A good understanding of both economic data sources and political cultures would be a critical advantage.
- Experience in credit analysis is a key, prior exposure to sovereign risk analysis would be an advantage.
- Sound PC skills, particularly Excel, Word and PowerPoint and ability to learn new systems.
- Excellent communication and presentation skills are required.
- Ready to accept challenges and work under pressure.
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