Counterparty Credit Analyst (NBFI)

Job description

DEPARTMENT DESCRIPTION COVERAGE & INVESTMENT BANKING/Credit Portfolio Management - Financial Assets and Insurance (GLBA/CPM/FAI). The mission of CPM/FAI is to provide credit analysis and manage the credit relationship with clients. This position has a focus on non-bank financial institutions located in the Americas, primarily the USA.

Responsibilities

The individual will be responsible for credit analysis of existing or new non-bank financial institution clients/counterparties related to the following industries: asset managers and regulated funds, pension funds; mortgage REITS; and private equity funds. Products traded include OTC derivatives, prime services products, foreign exchange, repo, and securities lending. Clients may also require committed loan facilities.

Day to day responsibilities include: Process credit requests in a timely manner to meet business deadlines and maintain the annual review cycle. Research and analyze financial data on the client to prepare high quality analysis in credit applications that address client credit risk and transaction risk. Conduct sector research covering North America to support the analysis. Develop strong credit judgment skills when recommending credit facilities, taking into consideration facility size, tenor, and suitability for client.

Propose obligor ratings using the bank’s rating tools. Manage key components of counterparty credit administration such as internal ratings, trading documentation (ISDA/CSA, GMRA, GMSLA, FAA), and replacement risk limits. Become knowledgeable of credit terms for legal documents and follow up with legal department on negotiations. Perform ongoing monitoring of client credit quality to identify a possible deterioration of credit quality.

Monitor exposure and manage credit limit exceptions. Adapt to ongoing accounting and regulatory changes that affect credit limits and exposure. Coordinate all aspects of a credit request, liaising with FAI relationship managers, business lines, legal staff, and Risk Division.