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The Credit Risk Officer in the QA/QC First Line of Defense role is responsible for providing a comprehensive credit risk assessment of an assigned portfolio's credit quality, credit processes, risk concentrations, and risk management practices. This involves evaluating, monitoring, and reporting on the credit portfolio to ensure effective management of credit risk. The officer will perform ongoing credit risk monitoring and credit testing/reviews to ascertain the assigned Line of Business's (LOB) management of credit risk practices, process controls, and portfolio quality, including the level of credit risk and its future direction. Prompt feedback will be provided to the 1LOD Credit Risk/Front Line Units based on the results of monitoring and scheduled credit review activities. In terms of credit risk evaluation, the officer will conduct individual credit assessments and testing of Wholesale lending portfolios, utilizing automated line sheets and testing procedures as key tools in the analysis. This includes analyzing credit structures to identify risks or non-compliance with bank policy, performing financial statement analysis, and assessing borrower cash flow and repayment capacity. The officer will also analyze tax returns and collateral valuations, utilizing well-developed analytical concepts to evaluate complex transactions such as Highly Leveraged Transactions (HLTs) and projects in the renewable energy sector. Ongoing credit risk monitoring is a critical aspect of this role, where the officer will execute a risk-based desk testing/review process to identify areas of increasing risk. This involves monitoring credit risk in assigned portfolios, assessing the effectiveness of management practices, and compiling quarterly credit risk monitoring reports. The officer will communicate sensitive issues to senior management and foster relationships that support a culture of trust and interdependence within the organization. As a resource for credit risk identification, the officer will provide technical guidance to credit underwriting and approval units, ensuring adherence to credit policies and best practices.
