Credit risk management director job description

CS is seeking a Vice President-level candidate to assist a Director in managing underwriting proposals through the credit approval process and provide senior mentorship in monitoring of a portfolio of assigned counterparties for the Energy and Natural Resources sector.
Primary responsibilities include:

Underwriting: Facilitate / assist transaction requests within the Energy & Natural Resources industry vertical. Including underwritten, best efforts and relationship loans. Additional responsibility includes approval of other counterparty credit requests including derivative, margin loan and other related industry credit extensions. Collaborate with team lead to ensure communication flow with senior members of transaction teams regarding due diligence, process and approvals.

Credit Monitoring: Ensure ongoing monitoring analyses and documents - including any Shared National Credit exam-specific documents - are prepared to a high-quality standard and archived in a manner consistent with approved CS Policies and Procedures. Identify counterparties with deteriorating credit trends, perform monthly re-assessments of credit and regulatory ratings, document proposed rating changes, recommend counterparties for addition/removal from watch lists, and raise specific credit concern

Your future colleague

Credit Suisse's Credit Risk IB Team (also referred to as Credit Risk Management or "CRM") partners with key business partners throughout the Bank to meet business demands and an evolving regulatory environment in the US. The team establishes internal credit ratings and counterparty limits for the portfolio. CRM's mandate is two-fold (1) Loan Underwriting / Transaction Approval: Initial review and approval of loan and traded product exposure (2) Portfolio Management: Ongoing monitoring (quarterly / annually) of loan and traded product exposure on CS's books. We are a department which values Diversity and Inclusion (D&I) and is committed to realizing the firm's D&I ambition which is an integral part of our global cultural values.

Your skills and experience

We are looking for applicants with equivalent experience of minimum of 5 years of related credit underwriting experience within a wholesale banking organization and a detailed understanding of credit analysis, including industry and business analysis, financial modeling, and understanding of capital structure and loan/bond documentation.


Experience of at least 4 years covering Oil & Gas sub-sectors and loan products, specifically Exploration & Production and Reserve-Based Loans. Equivalent experience with Exploration & Production Lending and/or Workouts and/or technical expertise in Oil & Gas engineering preferred. Bachelor's Degree in Accounting/Finance/Economics preferred. Ability to succinctly communicate with and present to senior managers. Motivation and ability deliver quality work products with minimal direct supervision. Equivalent experience mentoring and/or managing junior team members. Dedication to fostering an expansive culture and value varied perspectives.

Alternate Job Location: Not Applicable : Not Applicable

Work Arrangement: Hybrid

Role Value Proposition

Global Risk Management (GRM) oversees MetLife's financial and non-financial risks to support responsible growth and ensure we deliver on our promises to customers and stakeholders. GRM accomplishes this through proactive advice, through independent and effective challenge, and through implementation and enforcement of guardrails. Our primary objective is to strengthen MetLife's Credit Risk Management function by developing the tools and resources necessary to monitor and understand enterprise-wide credit risks. The primary role of the Credit Risk Reporting Group is to maintain, enhance, and further expand activities related to credit risk reporting, limit setting and risk data management. The Director, Credit Risk Reporting, role leads the compilation and delivery of risk reporting to the business, senior management and other areas of GRM. This involves monitoring business developments that may impact reporting, data inputs, finding, efficiencies, and gathering business priorities / requirements related to future risk reporting and data needs. The successful candidate must be able to work independently and build on prior experiences to solve problems. The candidate should be motivated to understand new technology and businesses and be able to work in a fast-paced environment. The position will also require close collaboration with other Business areas (e.g., IT, Investments, Finance). With increased attention on Environmental, Social and Governance (ESG) investing, building out reporting capabilities to support climate risk related scenario analysis is also a key component of this position. This position reports directly to MetLife's Head of Credit Analytics and Reporting.

Key Responsibilities

Ownership and delivery of risk reporting packages, liaising with other Risk Management functions, Investments, Finance, and IT, as needed, to obtain input and ensure report completion. Support credit risk team and GRM management by helping to ensure proper governance and compliance with policy or procedural requirements, including consistency across the risk appetite statement, risk limits, ORSA, financial reporting, etc. Review and update credit procedures at least annually. Monitor and analyze the organization's credit risk exposure, working closely with the Credit Risk Surveillance teams on ad hoc analyses to understand how credit trends may impact the portfolio. This includes leading junior staff through the necessary processes, as well as communicating results and analysis to senior staff and key internal stakeholders. Develop an understanding of statutory risk-based capital (RBC) projections and how they relate to economic capital results and portfolio changes. This will require close collaboration with Finance and Investment Accounting teams. Train business users on risk aggregation reporting platforms and assist with other reporting and processing responsibilities across the Credit Risk function, as needed. Manage the annual limits refresh process by performing risk review of the 3-year business plan and partnering with various Investments and Finance groups. Lead the process of proposing and summarizing credit related aspects of investment authorizations and risk limits and present recommendations to senior management, key risk committees; provide input into related Board level materials as well. Understand business area needs related to investment and non-investment related credit risks to report on key risk areas and perform variance analysis before reports are distributed. This also includes conducting technical analysis of enterprise-wide data quality assurance and knowledge of all data inputs required for comprehensive credit risk reporting. Assist with and lead certain components of the credit risk relationship with IT Operations to implement risk reporting solutions and procedures as permanent parts of the credit risk data architecture. Be a strategic partner in supporting the development of climate risk analytics, including evaluating 3rd party model providers, developing scenario analysis capabilities, assessing results, and communicating them to key stakeholders within GRM and Investments.

Essential Business Experience and Technical Skills

Required:

* Expert level understanding of investment products (e.g., bonds, bank loans, commercial and residential mortgages, structured products, derivatives)
* General understanding of the relationship between asset values, capital at risk, stress test results, and financial projections.
* 10 years' experience (internship and/or full-time) in investments or risk management (credit or market), with a focus on insurance and/or financial services data, particularly within data management and reporting.
* Degrees in Finance, Financial Engineering, Economics, or related field.
* Experience identifying workflow issues both with data collection and report distribution/analysis and looking for business process improvements.
* Technical expertise and comfortable working with large quantities of data - very strong computer skills:
* MS Office - Excel, PowerPoint in particular
* Experience with commercial Business Intelligence reporting tools (e.g., PowerBI, Qlik, Tableau, MicroStrategy) preferred.

* Comfortable interacting with varying levels of risk officers, other business leaders, and technology staff across the company.

Preferred:

* Certifications related to Financial Modeling and/or Risk Management (e.g., FRM, CFA) preferred.
* Some query tool experience (e.g., SQL, SAS)
* Familiarity with third party financial databases such as SNL, Moody's Credit Edge, Barclays, Bloomberg, etc.
* Motivated to understand new technologies and businesses, particularly around commercial Business Intelligence reporting tools and data quality assurance.

Business Category

Global Risk Management

Number of Openings

1

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MetLife:

MetLife, through its subsidiaries and affiliates, is one of the world's leading financial services companies, providing insurance, annuities, employee benefits and asset management to help its individual and institutional customers navigate their changing world. Founded in 1868, MetLife has operations in more than 40 countries and holds leading market positions in the United States, Japan, Latin America, Asia, Europe and the Middle East.

We are one of the largest institutional investors in the U.S. with $642.4 billion of total assets under management as of March 31, 2021. We are ranked #46 on the Fortune 500 list for 2021. In 2020, we were named to the Dow Jones Sustainability Index (DJSI) for the fifth year in a row. DJSI is a global index to track the leading sustainability-driven companies. We are proud to have been named to Fortune magazine's 2021 list of the "World's Most Admired Companies."

MetLife is committed to building a purpose-driven and inclusive culture that energizes our people. Our employees work every day to help build a more confident future for people around the world.

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MetLife maintains a drug-free workplace.

Citigroup provides financings on a global basis to non-investment grade corporate clients for Leveraged Lending - Traditional Leveraged Finance, Other Non-Investment Grade, Asset Based Lending (ABL), and Energy Reserve Based Lending (ERBL) clients that come under the expanded regulatory definition of leveraged lending. Citigroup's Banking Capital Markets & Advisory (BCMA) group acts as lead arranger for many of these issuers.

Citi's Leveraged Finance Group in the Capital Markets Origination (CMO) group is focused on serving clients in the financing of acquisitions, mergers, buyouts, recapitalizations and spinoffs. Citi works with private equity clients that have substantial assets under management, an established investment history, as well as public corporates with significant capital markets wallet. Key products include revolving credit facilities, term loans, bridge facilities, bonds, ABLs and ERBLs. Transactions also include funding of operations, capital expenditure financings and refinancings. For selected clients, the credit product set is augmented with foreign exchange, derivatives and cash management.

The North America (NAM) Leveraged Finance Credit Risk Managing Director works closely with Leveraged Portfolio Group (LPG), CMO, Investment Banking and Corporate Banking to make approval decisions for underwritings and holds on leveraged lending transactions, refinancings and amendments.

This role is expected to provide leadership on risk and diligence issues, industry trends, capital structure, exposure management, syndication strategy, terms and returns. A critical objective is to provide management and guidance such that this high-risk business remains within appropriate risk tolerances. Under the expanded regulatory leveraged lending definition, this function serves to coordinate various firm-wide processes for other Non-Investment Grade clients. The lead demonstrates responsible behavior by both tone and actions in daily management.
Key Responsibilities:

Act as Senior approver for the Leveraged Finance Core transactions in NAM. Manage screening/reviews and approvals for non-investment grade underwriting and holds. Evaluate complex deal structures across industries in the context of prevailing capital market conditions to make decisions on large underwiring and hold risk. Manage the NAM leveraged loan and high yield portfolio with focus on timely syndication of underwritten positions, performance of hold book and hedging of outsized/underperforming assets. For our hold book, manage and monitor a portfolio of leveraged finance names. Responsibilities include quarterly and annual reviews, risk rating accuracy, ongoing determination of emerging risks and decisioning of incremental exposure requests (such as derivatives, cash management, and international lines). Lead discussions with senior management on strategic and exposure management decisions. Work globally with partners in BCMA and LPG, which is part of Institutional Credit Management (In-Business Risk) and Special Assets. Make recommendations, on transactions above specified amounts, to senior management regarding credit approvals and declines. Assess financings with respect to earning threshold returns on capital. Exercise leadership to address due diligence, capital structure and syndication issues. Protect the firm against franchise and reputation risk. Oversee underwriting limit compliance and develop solutions to mitigate potential excesses. Coordinate with LPG on portfolio management and reporting. Manage regulatory interactions, communicate regulatory updates to internal constituencies. Provide updates to NAM management committees. Provide support for stress tests, CCAR and other internal processes. Develop skills of junior staff across the organization though training and transactions.


Competencies/Knowledge:

Unquestioned ethics and excellent credit judgement. Understanding of heightened regulatory expectations of an institution such as Citi. Solid knowledge of high yield syndication markets. Appropriate risk appetite with respect to size of individual underwritings, overall book of deals, leverage levels and hold positions. Commitment to independent views and to be transparent in decision-making. Decisive leadership for developing solutions for client requests. Discipline in making appropriate risk-reward decisions. Robust collaboration across the firm with a wide range of bankers. Ability to manage varied teams that are formed on a deal-by-deal basis. Strong influencing and negotiating skills. Outstanding conflict management skills. Superior verbal and written communication skills. Well-developed time management skills for a high volume of transactions, often with short timetables. Ability to handle escalated discussions. Constructive approach to regulatory interactions and adherence to regulatory guidance. High sense of equanimity relative to competing pressures.


Qualifications:

Current SCO 2 (or external equivalent) approval authority with at least 15 years of experience in credit and structuring. Significant experience in a complex, matrixed organization focused on credit approval, governance, controls, risk management at a top-tier institution. Multiple, successful risk management roles over time spanning a range of products, industries, and geographies. Strong knowledge of corporate finance concepts. Leveraged Finance experience preferred. Bachelor's degree required, preferably in business, finance or related field. Master's degree preferred. Excellent oral and written communications skills; must be articulate and provide direction with judgement and authority to enable effective validation with senior stakeholders. Capable of prioritizing and multi-tasking in a dynamic, fast paced environment.


This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.


Job Family Group:

Risk Management


Job Family:

Credit Decisions


Time Type:

Full time

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Effective November 1, 2021, Citi requires that all successful applicants for positions located in the United States or Puerto Rico be fully vaccinated against COVID-19 as a condition of employment and provide proof of such vaccination prior to commencement of employment.