Job Description

Position Summary

This role is required to strengthen the Counterparty Credit Risk function and will involve close collaboration with treasury, finance, and compliance. Focus will be on proactive risk analysis of counterparty banks, countries and the implementation and management of a robust counterparty credit risk framework that meets the needs of senior management and the regulator. The profile also calls for managing the overall corporate credit RWA of the Bank and drive automation in the above areas.



Duties & Responsibilities

• Credit evaluation of counterparty banks

• Framework and credit evaluation of counterparty banks, recommending limits and ongoing monitoring of exposures.
• Insights from peer Bank analysis and influencing decisions
• Analysing requests from businesses for re-allocation or increase in limits putting up the same for approval after a thorough credit evaluation.
• Quarterly Analysis/Updates of Financial Results of Counterparty Banks to Senior Management
• On going surveillance of performance of banks and recommend actions
• Annual Counterparty Exposure Limit Review for Countries, Foreign Banks, Domestic Banks, Cooperative Banks, PDs, SDL, FIs
• Develop Counterparty Exposure Methodology

• Country risk exposure management

• Evaluation of country risks and recommend limits
• On going surveillance of country risk exposures and recommend actions
• Managing sanction country risk and ability to evaluate and analyse trade sanction restricted party screening results

• Modeling

• Develop and implement models for credit risk rating of Banks
• Develop and implement models for country risk analysis

• Stress testing

• Develop, Implement and Execute stress testing methodologies for Counterparty and Country risks

• Policies

• Responsible for developing policies related to counterparty credit risk, country risk and ongoing maintenance

• Automation

• Implement automation initiatives from better control and risk
• Reviewing existing processes, drafting requirement documents and participating in UATs
• Work with other functions to deliver on projects

• Regulatory reporting

• Timely and accurate submission of regulatory returns and internal MIS.
• Respond and clarify on internal, regulatory and statutory audit queries
• Creating, maintaining/upgrading databases of performance of Foreign Banks, Domestic Banks and Countries on a regular basis for regulatory reporting and risk analysis
• Responsible for various Counterparty Risk reports including FX Bank Exposure, Interbank Consolidated and Country Exposure reports.

• Undertake critical projects and ad-hoc risk requests as they arise

• Responsible for overall corporate credit RWA, pan bank and drive automation. This will be in addition to the Counterparty risk responsibilities.
  

Education & Experience

• Professional Qualifications - CA or MBA preferred
• Upto 10 -12 years of experience in areas of credit analysis of financial institutions
• Knowledge of the RWA calculations, credit and lending industry, treasury products and operations
• Experience in counterparty credit risk modeling and quantification, Basel III Credit RWA calculations
• Knowledge of OFAC, Sanction regulations
• Technical expertise with the ability to manage multiple stakeholders and drive a strategic agenda.
• Upto date knowledge of regulations affecting counterparty and country risk
  

Skills

• Quantitative and analytical skills. Close attention to detail
• Programming experience such as Python or SQL
• Excellent interpersonal skills to deal with colleagues at all levels
• Ability to work under pressure and manage multiple deadlines
  

Message to potential applicants

The role offers significant interaction with management and exposure to multiple stakeholders. There is good scope for improving processes and practices and the breadth of role will provide significant business and personal development opportunities.