Credit Risk Assurance Manager - Wholesale Banking (Margin Lending / Prime Brokerage)

Job Description

Join the Global Credit Assurance team of a leading global bank on a twelve-month fixed-term contract. This is a Line 2 assurance role within a centralised risk management function, with a focus on the wholesale lending and prime brokerage/margin lending portfolio.

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What role will you play?

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As a Manager in the team, you will contribute to the delivery of credit assurance review programs covering financial risk frameworks across the wholesale and margin lending/prime brokerage book. Your key accountabilities will include:

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• Executing sample testing of credit delegation holder approvals against policy, to identify, capture and drive mitigation of key financial risks across wholesale lending and margin lending/prime brokerage exposures.
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• Assessing the adequacy and effectiveness of credit risk frameworks, policies and procedures applied to institutional lending and trading products (derivatives, swaps, options and margin facilities).
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• Identifying and escalating vulnerabilities in the supporting risk architecture - including systems, controls and governance processes - that may drive deviation from approved risk appetite.
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• Conducting root cause analysis on identified issues and control gaps, and tracking remediation actions through to close-out.
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• Analysing credit risk data to identify emerging risks, trends and outliers across the portfolio, translating findings into clear insights for senior stakeholders.
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• Providing advice to the business on best practice for the design, measurement, analysis, evaluation and reporting of credit risk.
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• Preparing clear, well-evidenced assurance reports and papers for presentation to senior management and risk committees.
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• Building and maintaining effective working relationships with credit delegation holders, front-office and business stakeholders, balancing independent challenge with constructive engagement.
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• Staying abreast of regulatory developments and industry practice relevant to wholesale credit and margin lending, incorporating these into the assurance approach.
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• Contributing to the continuous improvement of the assurance methodology, testing tools and review programs.
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What you'll offer

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• Prior experience in a credit risk discipline - credit decisioning, audit, assurance or risk advisory
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• Experience with a wholesale portfolio, with exposure to institutional lending and trading products (derivatives, swaps, options); margin lending or prime brokerage experience highly regarded
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• Strong communication and advanced negotiation skills
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• Experience engaging stakeholders at multiple levels
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• Ability to think laterally and navigate abstract concepts and complex situations
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