Company: Ghana International Bank
Location: London, United Kingdom
Employment Type: Full-time
Description:
Job Title: Deputy Head of Credit Risk – 2LoD
Department: Credit Risk
Accountable to: Head of Credit Risk
Role Summary
The Deputy Head of Credit Risk holds a critical position in overseeing credit risk management within the GHIB’s second line of defence. This role involves managing credit risk, ensuring regulatory compliance, and serving as the Secretary to the Management Credit Committee (MCC). Expertise in IFRS 9, Basel III, and involvement in the Internal Capital Adequacy Assessment Process (ICAAP) are essential for this position.
Key Responsibilities / Accountabilities
• Collaborate with the Head of Credit Risk to develop and execute the credit risk management strategy in alignment with the organizational risk appetite.
• Provide oversight and challenge to first line of defence units in identifying, assessing, and managing credit risks per established policies.
• Monitor and evaluate the credit risk profile, including various portfolios such as risk assets, lending, and… investments.
• Analyse credit risk metrics like expected credit losses, ECL stage distribution, and large exposures to identify trends and risks.
• Work with stakeholders to ensure consistent credit risk assessment practices and effective mitigation strategies.
• Develop and implement credit risk policies and procedures to enhance risk management and regulatory compliance.
• Contribute to the enhancement of credit risk models and methodologies for improved risk measurement and reporting.
• Present regular credit risk reports to senior management, risk committees, and regulatory bodies, highlighting key issues and recommendations.
• Stay abreast of industry best practices, emerging trends, and regulatory updates to address risks effectively.
• Mentor and guide junior team members to build a proficient and risk-aware credit risk management function.
• Organize and coordinate MCC meetings, including agendas, documentation, and minutes.
• Ensure compliance with governance and decision-making protocols during MCC meetings.
• Manage communications and follow-ups related to MCC decisions and action items.
• Contribute to the (ICAAP) by providing credit risk expertise to evaluate capital adequacy requirements based on the GHIB’s risk profile.
• Collaborate with stakeholders to assess the impact of credit risk on capital needs and risk appetite.
• Integrate credit risk considerations into the ICAAP framework and support the development of strategies to address capital shortfalls and enhance risk management practices.
• Participate in the regular review and update of the ICAAP document, considering changes in risk profiles, regulatory requirements, and internal developments.
Skills & Capabilities
The ideal candidate for this role is expected to possess the following qualifications and competencies:
• A preference for candidates who have completed a degree in qualitative subjects.
• A wealth of experience in managing credit risk within the financial services industry, with a focus on second line of defence responsibilities.
• Deep understanding of credit risk principles, methodologies, and regulatory standards.
• Exceptional analytical abilities, problem-solving skills, and decision-making capabilities.
• Outstanding communication and interpersonal skills, enabling effective engagement with a variety of stakeholders.
• Proven leadership and team management skills, with a track record of driving results and fostering a culture of risk awareness.
• Capacity to thrive under pressure, prioritize tasks effectively, and meet deadlines in a fast-paced environment.
• Familiarity with Trade Finance Products, Deal Structuring, and Risk Mitigation would be advantageous.
Experience:
• Minimum of 15 years experience in credit risk management within the financial services sector
Source: Ghana International Bank – Teamtailor
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