Senior Manager, Credit Risk

Commonwealth Bank of Australia • New York, NY

7d • $205,000 - $250,000 • Onsite

About The Position

The Senior Manager, Credit Risk will join the IB&M Credit Risk Americas Team in New York, which manages and oversees credit exposures across the Energy, Commodities, & Sustainability; Diversified Industries; Financial and Strategic Investors; and Financial Institutions and Government business units. The role focuses on Project Finance and Corporate clients and works with Risk Management colleagues and IB&M Line 1 teams to ensure business is consistent with the Bank’s risk appetite. Success requires strong risk analysis, effective use of credit approval delegation, identification of emerging risks and development of mitigating strategies. The role also incorporates ESG considerations into risk analysis and seeks better and more efficient ways of working.

The position acts as a senior risk adviser in deal teams, assesses clients and structures, prepares credit submissions, and makes risk decisions or recommendations. It provides advice on deal structuring, approval processes, policies, and risk management strategies. The Senior Manager monitors market and industry developments, advises senior management on portfolio risks, and presents transactions and industry reports at internal credit and business committees. The role also develops stakeholder relationships, collaborates across risk teams, drives continuous improvement, and leads and mentors junior team members.

The salary range is $205,000 to $250,000 plus variable bonus. Salary may vary based on relevant factors including skills and experience, time in role, internal peer salaries, prior performance, business line, and geographic or office location. Applicants are asked to indicate minimum salary expectations and availability on the application form.

Requirements

• At least 8 years of credit risk management experience at a financial institution.
• Strong analytical skills, including the ability to identify, assess, and mitigate risks.
• Excellent communication skills and ability to interact with all levels of management and internal and external stakeholders.
• Strong leadership skills and ability to lead and mentor a team.
• Problem-solving and decision-making capabilities, including experience exercising a meaningful delegation.

Nice To Haves

• 3–5 years of project finance risk experience preferred.
• Bachelor’s degree in Finance, Accounting, Economics, or a related discipline preferred.
• Formal credit training and existing credit approval authority at a financial institution are highly advantageous.

Responsibilities

• Act as the senior risk adviser in deal teams, analysing clients and structures, preparing credit submissions, and providing risk decisions or recommendations.
• Provide guidance on deal structuring, approval processes and policies, and develop risk management strategies.
• Monitor and analyse market developments and global industry trends, and advise senior management on portfolio risk management matters.
• Present transactions and industry reports as the accountable Risk Senior Manager at internal credit and business committee forums.
• Develop and maintain relationships with internal business units, senior IB&M and Risk members, and industry groups.
• Collaborate with other risk management teams to align risk management strategies across the organisation.
• Drive continuous improvement through team-member development and process, policy, and procedure simplification projects.
• Lead and mentor junior team members and contribute to a collaborative team culture.
• Embed ESG considerations into risk analysis and identify emerging risks and strategies to mitigate them.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: No Education Listed