Credit Risk Officer - Financial Institutions

 New York, United States       Permanent contract        Risks

Responsibilities

The Credit Officer position requires the candidate to review and subsequently monitor the credit risk of various types of counterparties and products with focus on the Financial Institutions Sector.  The underlying collateral ranges across many asset classes and structures can be of bespoke nature.  The candidate will help develop an overall assessment in conjunction with our market risk division. 

For the portfolio of clients under the Credit Officer’s responsibility, day to day responsibilities include but are not limited to the following:

  • Credit assessment of the counterparty and underlying asset(s) being traded/financed
    • Provide detailed explanation of the counterparty considered, including analysis of historical performance of existing activities
    • Highlight the key risk factors
    • Provide an approval or recommendation for approval based upon the proposed limit(s) and tenor(s) being considered
    • Document recommendation for final decision
  • Ongoing monitoring of the credit quality of the portfolio (portfolio review and early detection of deteriorating credits)
    • Track credit and market trends on individual asset classes
    • On a portfolio basis, monitor the quality of the portfolios as a whole
    • Participation in the quarterly watch list review process
    • Assist the Portfolio Analysis Group in the preparation of reporting for RISQ management and Regulators
  • Validation of Obligor Risk Ratings, Basle II parameters (LGDs), other financial metrics
  • Contribution to Bank’s credit policy guidelines and overall risk appetite
    • Participate in setting the global risk appetite for financing initiatives
    • Assessment of SGCIB new business initiatives (white papers, New Product Committees, business rules, etc.)  

Profile Required

COMPETENCIES

Required:

  • Strong credit risk background
  • Analytical background

Desired:

  • Senior counterparty credit risk and lending professional with broad experience approving credit lines, managing exposures, and monitoring collateral performance for asset classes including MBS, ABS, CMBS, Residential Mortgage, Credit Card, Auto, Consumer Finance,
  • Coverage universe includes non-bank financial institutions, private equity sponsors, asset securitization, and specialty finance companies. Expertise in capital markets traded products and associated SIFMA legal agreements.

TECHNICAL SKILLS

Required:

  • Independent thinker with superior verbal, writing, and relationship-building skills.
  • Ability to work under pressure and to meet tight deadlines. Effective management of priorities

PRIOR WORK EXPERIENCE

Required:

  • 5+ years working in a Credit Risk or similar role

EDUCATION

Required:

  • Bachelor’s Degree in Finance or equivalent

Desired:

  • CFA or Master’s Degree

LANGUAGES

Required:

  • English

Desired:

  • French is a plus

Business Insight

The RISQ Division's mission is to contribute to the development of the SG Group's activity by facilitating the objectives of the Business Lines while maintaining independent oversight through risk evaluation and monitoring. The RISQ division in the US supports all the activities in the Americas Region (US, Canada and Latin America), which is almost exclusively GBIS-oriented. 


RISQ/CIB oversees the management of credit related to corporates, financial institutions and sovereign counterparties as well as country risk for all of the Group's activities.


RISQ/CIB's duties include setting specific credit policies for each of the main businesses in conjunction with General Management, the businesses lines and other RISQ divisions where appropriate. These credit policies establish (i) the general criteria for the acceptability of credit requests for each client category and/or type of facility, and (ii) exposure limits.



We are an equal opportunities employer and we are proud to make diversity a strength for our company. Societe Generale is committed to recognizing and promoting all talents, regardless of their beliefs, age, disability, parental status, ethnic origin, nationality, sexual or gender identity, sexual orientation, membership of a political, religious, trade union or minority organisation, or any other characteristic that could be subject to discrimination.

Job code: 200003D0
Business unit: SG AMERICAS OPERATIONAL SECURITIES
Starting date: Immediate
Date of publication: 04/03/2020
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Credit Risk Officer - Financial Institutions

Permanent contract   |   New York   |   Risks