Securitization Senior Credit Officer, Specialized Finance Risk

Standard Chartered•New York, NY

45d•Hybrid

About The Position

Key Responsibilities The role holder will be responsible for: Managing credit risk within the second line of defence ("2LoD") within the Specialised Finance ("SF") Risk for Corporate and Investment Bank ("CIB"). This opportunity will suit a Senior Credit Officer / Executive Director equivalent profile with the relevant background and +10 years proven expertise in asset-backed financing / securitisation and/or Private Credit / Middle Market / Leveraged Finance in the US markets. Experience in warehouse, asset-based finance and traded asset backed securities across geographies and asset type (ABS, CLO, RMBS, CMBS, ABL, ABF) preferred. The role will require: Experience gained from an investment bank or a specialised / structured finance group of a major international organisation and a relevant degree from a top-tier university. Strong understanding of credit risk, financial analysis, structuring, stress testing and jurisdiction risk, and their application in lending decisions for single counterparty credit risk appetite. Able to manage credit risk appetite with early-stage deal screening, detailed due diligence, and timely execution of transactions with credit memo analysis and independently written Risk recommendations. Early-stage deal screening and due diligence of new transaction requests, with the ability to unpack complex situations or niche sectors to find out-of-box solutions, and value creation for clients. Influence structuring for best-in-class underwriting and to achieve successful and timely transaction execution and syndication. Champion business initiatives which promote revenue growth whilst protecting against the downside risk by identifying the short- to medium-term risks. Credit approve 1LoD prepared credit applications and rating assessments using subject-matter expertise and manage a portfolio of unique counterparties with early-stage detection of credit deterioration (Early Alert Ratings), which includes stress testing. Prepare and present periodic portfolio monitoring reviews with senior 1LoD stakeholders and senior 2LoD Risk partners. Ensure that the relevant 1LoD and 2LoD owners understand and accept their risk management responsibilities, where risks are managed and risk-return trade-offs are made, in line with Credit Risk frameworks. Proactively seek for improvements in 2LoD and lead associated internal initiatives related to governance, regulatory, policy, or risk driven reporting. Ensure a robust effectiveness review process to Credit Risk and escalate significant matters and / or gaps in implementation to senior management and the relevant committees. Monitor compliance of approved risk appetite using the risk information reporting and highlight significant matters to the attention of senior management and senior risk committees. Maintain and influence a culture of good conduct in the Risk function and embed the Risk culture statement. Represent SF Risk in business meetings, client due diligence and conferences, seminars People leader, team player and solid independent professional. Highly adaptable to cross-cultural environment and working closely with a multitude of professionals from various geographies and nationalities. Promote Risk to the wider organization and partner Risk peers (including market risk, policy and governance, and enterprise risk management) for risk wide initiatives. Awareness and understanding of regulatory framework in which the bank operates, and the regulatory requirements and expectations relevant to the role

Requirements

+10 years relevant experience in asset-backed financing / securitisation and/or Private Credit / Middle Market / Leveraged Finance in the US markets
Experience gained from an investment bank or a specialised / structured finance group of a major international organisation and a relevant degree from a top-tier university.
Strong understanding of credit risk, financial analysis, structuring, stress testing and jurisdiction risk, and their application in lending decisions for single counterparty credit risk appetite.
Able to manage credit risk appetite with early-stage deal screening, detailed due diligence, and timely execution of transactions with credit memo analysis and independently written Risk recommendations.
People leader, team player and solid independent professional. Highly adaptable to cross-cultural environment and working closely with a multitude of professionals from various geographies and nationalities.

Nice To Haves

Experience in warehouse, asset-based finance and traded asset backed securities across geographies and asset type (ABS, CLO, RMBS, CMBS, ABL, ABF) preferred.

Responsibilities

Managing credit risk within the second line of defence ("2LoD") within the Specialised Finance ("SF") Risk for Corporate and Investment Bank ("CIB").
Early-stage deal screening and due diligence of new transaction requests, with the ability to unpack complex situations or niche sectors to find out-of-box solutions, and value creation for clients.
Influence structuring for best-in-class underwriting and to achieve successful and timely transaction execution and syndication.
Champion business initiatives which promote revenue growth whilst protecting against the downside risk by identifying the short- to medium-term risks.
Credit approve 1LoD prepared credit applications and rating assessments using subject-matter expertise and manage a portfolio of unique counterparties with early-stage detection of credit deterioration (Early Alert Ratings), which includes stress testing.
Prepare and present periodic portfolio monitoring reviews with senior 1LoD stakeholders and senior 2LoD Risk partners.
Ensure that the relevant 1LoD and 2LoD owners understand and accept their risk management responsibilities, where risks are managed and risk-return trade-offs are made, in line with Credit Risk frameworks.
Proactively seek for improvements in 2LoD and lead associated internal initiatives related to governance, regulatory, policy, or risk driven reporting.
Ensure a robust effectiveness review process to Credit Risk and escalate significant matters and / or gaps in implementation to senior management and the relevant committees.
Monitor compliance of approved risk appetite using the risk information reporting and highlight significant matters to the attention of senior management and senior risk committees.
Maintain and influence a culture of good conduct in the Risk function and embed the Risk culture statement.
Represent SF Risk in business meetings, client due diligence and conferences, seminars
Promote Risk to the wider organization and partner Risk peers (including market risk, policy and governance, and enterprise risk management) for risk wide initiatives.
Awareness and understanding of regulatory framework in which the bank operates, and the regulatory requirements and expectations relevant to the role

Benefits

Core bank funding for retirement savings, medical and life insurance, with flexible and voluntary benefits available in some locations.
Time-off including annual leave, parental/maternity (20 weeks), sabbatical (12 months maximum) and volunteering leave (3 days), along with minimum global standards for annual and public holiday, which is combined to 30 days minimum.
Flexible working options based around home and office locations, with flexible working patterns.
Proactive wellbeing support through Unmind, a market-leading digital wellbeing platform, development courses for resilience and other human skills, global Employee Assistance Programme, sick leave, mental health first-aiders and all sorts of self-help toolkits
A continuous learning culture to support your growth, with opportunities to reskill and upskill and access to physical, virtual and digital learning.
Being part of an inclusive and values driven organisation, one that embraces and celebrates our unique diversity, across our teams, business functions and geographies - everyone feels respected and can realise their full potential.

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