Associate Director, Corporate Credit Risk BB

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Purpose of the Role:

The Associate Director, Corporate Credit Risk adjudicates of credits within the delegate lending authority (DLA) and recommends disposition of credit lines requested more than DLA to the Director, Corporate Credit Risk and the Chief Credit Officer (CCO). The incumbent works with the Credit Risk Management team in maintaining appropriate credit policies and procedures for corporate lending, management and control, guides for the execution process relating to loan origination, adjudication, collection and work-out and loan loss provisioning; leading the execution and implementation of projects covering all the domains of change management that may impact Corporate Credit Risk, including developing and managing work plans; coordinating, integrating and managing resources and stakeholders to achieve the business results by critical and often aggressive dates. Major projects will include iCAP implementation to replace ICA and setting up an independent Middle Office function for the monitoring of reporting and covenant compliance by our corporate borrowing clients and establishing reporting procedures to the business and Credit Risk Management Department (CRMD) on irregularities with loans and breaches of covenants, i.e. a “RIL – Return on Irregular Liabilities”. The incumbent will also be required to Assess corporate credit advances including any grouped personal advances to key individuals, monitor / manage adherence to Bank credit risk policy, guidelines and procedures for corporate, capital markets, bank and sovereign sectors, visit corporate business teams throughout the region to assess the quality of portfolios and provide support, guidance and advice to front line Corporate Managers on specific proposals, lending situations and any credit risk matters.

Key Accountabilities:

Sanctions applications within graded lending matrix as per the delegated lending authority on credit either directly assigned or referred. Provides recommendations on credits that exceed the designated DLA of the Director, Corporate Credit Risk. Assists in the meeting of asset quality targets for corporate lending portfolio via ensuring adherence to Bank credit risk policy, guidelines & procedures including credit decision support tools, e.g. iCAP, credit scoring, etc. Delivers thoroughly analyses high quality risk decisions with service level agreement. Proactively manages / monitors credits exhibiting unsatisfactory trends, recommends / invokes appropriate course of actions / referral to watch list team. Identifies and elevates to the Director, Corporate Credit Risk any situations of non-compliance with lending authorities, credit risk policy, guidelines, procedures or any other perceived lending improprieties.
Responsible for the successful execution / implementation of all risk related strategic projects / or initiatives ensuring a coherent, comprehensive approach to the management of changes in order to minimise duplication of efforts and maximise the effectiveness of solutions. Completes this by being accountable for planning the project execution ensuring effective:
- Timelines are produced and adhered to
- Budget management / building business cases
- Documentation and reporting, including status reporting
- Issue and risk assessment and management and working with the relevant area(s) to ensure timely resolution of risks or mitigating actions
- Adhering to change management policy and processes
- Quality assurance.
Leads the application of techniques for project appraisal, selection and prioritisation and applies relevant accounting practices to plan, manage and control budgets.
Partners with key stakeholders, including sponsors and those impacted by the change, ensuring adequate and effective communication and buy-in throughout the life of the project.
Leads and manages the implementation of board level strategic risk management objectives with aggressive timelines that are geared towards process refinement and improvement or that bring about reengineering benefits. Projects include iCAP and Middle Office. Manages the strategic implementation processes in risk, providing oversight for several initiatives.
Accountable for implementing effective strategic risk management techniques such as risk categorisation, risk trigger monitoring, exposure and consequence management of risk, risk mitigation and integrating a comprehensive risk data management system.
Leads the development of enhanced performance management within the risk management group through the implementation of strategic plans to improve business intelligence, enhanced risk appetite dashboard reporting, more concise analysis and effective alignment of targets to key performance metric.
Accountable for the creation and implementation of specific Risk initiatives such as development of the Bank’s quarterly business reviews methodology and execution; development of a risk in-house job rotation programme; enhancing the risk appetite framework and developing the Bank’s operational risk capital quantification methodology in line with the Basle II guidelines.
Risk management subject matter expert (SME) in projects initiated in other lines of business (LOB) / Strategic Support Units (SSUs) that directly or indirectly involve risk management. Manages the changes and ensures quality among several dynamic user requirements / needs. Responsible for ensuring that the projects are effectively embedded within risk management and / or relevant LOB / SSU, overseeing all implementation activities and certify that requirements have been met, and that effective knowledge transfer or training has occurred in order to warrant the success of the project.
Responsible for developing key presentation materials to facilitate executive and senior management committee meetings. Develops reports and other communications on behalf of the CCO, executive and senior management.
Responsible for deficiency management 40% - remediation, downgrade and closure of deficiencies relating to credit policy and procedures and dealing with policy and procedural systems.
As time permits, assisting with the adjudication of loans.
Visits corporate business teams throughout the region in accordance with agreed visitation schedule. Provides support and guidance to front line Corporate Managers on proposals and any credit matters. Liaises with fellow CRMD corporate team members to share information on credit matters.

Knowledge / Experience:

Sound understanding of accounting principles.
Full competency in all aspects of credit analysis and thorough knowledge of Bank credit risk policy, guidelines & procedures including regulatory body requirements.
Thorough hands-on knowledge of use and function of all corporate credit decision support tools.
In depth knowledge of corporate structures and security considerations.
Complete knowledge of corporate market credit and counter party transaction risks.
Detailed knowledge of all corporate credit products.
Knowledge of economic and political environments and the financial services industry in all markets served.
Strong overall risk management knowledge.
Detailed understanding of risk management processes in a banking environment.
Proven knowledge of best practices standards in the project process and risk management, including budget management and expense reporting.
Risk management process reengineering methodology knowledge.
Comprehensive knowledge of the practices, procedures and principles of project management.
A detailed working knowledge of a Bank’s operations across the various business areas.
Maintain a broad knowledge of state-of-the-art technology, equipment and systems.
Financial management.
Knowledge of the political and economic environments and the financial services industry in the Caribbean region.
Appreciation for cultural idiosyncrasies and understanding of the practices, regulations, policies, and general dynamics of conducting business across the Caribbean region.
Possesses a comprehensive understanding of how the risk management group area and others collectively integrate to contribute towards achieving the bank’s strategic objectives.
Risk management experience in a banking institution.
Risk management process reengineering experience.
Prior experience as a front-line commercial lender.
Prior credit structuring and negotiation experience.
Advanced qualifications in risk management desired.
Detailed knowledge of FirstCaribbean products, services and channels.
Strong project management expertise and skills.
Deep understanding of the Bank’s strategies, priorities, operations, and business processes in order to understand segment needs and lead and the development and implementation of resource plans to meet these needs.