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AVP Credit Risk Governance

Michael Page
New York, NY Full Time
POSTED ON 4/2/2025
AVAILABLE BEFORE 5/1/2025

This role involves managing credit risk governance, with a focus on portfolio analysis, allowance for credit loss estimation, and risk reporting, while ensuring compliance with regulatory standards and internal controls. Responsibilities also include refining credit policies, liaising with regulators and auditors, and preparing reports for senior leadership and committees.

Client Details

International corporate and investment bank, based in Midtown.

Description

Allowance for Credit Losses Management

  • Oversee the estimation process for credit loss allowances, ensuring precision and compliance with relevant accounting standards (e.g., CECL, IFRS 9).
  • Prepare and review internal reports and presentations related to credit losses for senior leadership and regulatory agencies.
  • Collaborate with modeling and data teams to enhance methodologies and optimize predictive analytics.
  • Develop and maintain policies and procedures for credit loss estimation and reporting.
  • Ensure regulatory requirements and internal controls regarding ACL are consistently met.
  • Coordinate with credit officers, finance, and accounting teams to synchronize credit loss estimation processes and underlying assumptions.

Credit Risk Monitoring and Reporting

  • Track credit risk metrics, including asset quality, portfolio composition changes, concentrations, rating migrations, and loan provision adjustments.
  • Produce reports on adherence to or breaches of risk metrics.
  • Prepare monthly credit risk reports for relevant committees, such as the Credit Risk Committee, Risk Management and Internal Control Committee, and quarterly Board meetings.
  • Create portfolio reports and analyses, covering areas like Key Risk Indicators (KRIs), exposures, credit ratings, concentrations, and exception management.
  • Submit periodic reports, including asset quality, credit risk, credit counterparty risk, and major event analyses, as required by internal stakeholders.

Credit Risk Policies and Procedures

  • Refine and update credit policies and procedures in alignment with industry best practices and regulatory guidance.

Regulatory and Audit Coordination

  • Act as a liaison for communications with regulatory bodies and auditors regarding credit-related inquiries.
  • Support the organization during internal/external audits or regulatory examinations by preparing responses and addressing questions.
  • Manage remediation initiatives, including proposing action plans and tracking progress to resolution.

Risk Committee Administration

  • Propose meeting agendas, compile materials, and document minutes for risk-related committees.

Profile

Qualifications

  • Bachelor's degree required, preferably in Finance, Economics, or Accounting; an MBA is preferred.
  • A minimum of 4 years of credit risk management experience.
  • Proficiency in at least two of the following areas: accounting/CECL/IFRS 9, financial data or call reports, senior-level credit risk reporting, programming, or policy development.
  • Strong knowledge of CECL and accounting principles is essential.
  • Certifications such as CPA, CFA, or FRM are highly desirable.
  • Demonstrated expertise in accounting practices.

Job Offer

$90,000- $150,000 base salary.

MPI does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity or expression, national origin, age, disability, veteran status, marital status, or based on an individual's status in any group or class protected by applicable federal, state or local law. MPI encourages applications from minorities, women, the disabled, protected veterans and all other qualified applicants.

Salary : $90,000 - $150,000

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