Financial Standards Manager, Credit Risk Management


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Reference Number:
Andr1205MT
Job Country:
Job Location:
Experience (Years):
2-4
Created:
2016-05-12
Job Description

Employer overview: leader in financial reporting and economic analysis.

Team overview: The Financial Standards Manager supports the credit risk assessment processes by ensuring the integrity and consistency of quantitative and qualitative data and providing related credit risk assessment, review, monitoring and rating services. In addition, contributes to the development and implementation of “best in class” risk rating and assessment methodologies as well as assist in the design of credit risk assessment solutions contributing to the proper identification and assessment of credit and operational risks at origination and post-commitment.

The FSM conducts all operational activities independently and handles complex files with a high level of effectiveness and efficiency. He or she is acts as a corporate resource in the areas of accounting, financial analysis, credit risk rating methodologies and Probability of Default (PD) ratings while employing Industry knowledge to the credit risk assessment tools.

 

Responsibilities

Risk Rating and Assessment

  • Applies well-developed knowledge of accounting standards (IFRS, other GAAPs), industry knowledge, financial and credit analysis to provide a consistent interpretation and classification of quantitative and qualitative factors to generate and update obligor PD ratings for internal customers (CABL Financing, CIB and Asset Management). These ratings are the employer’s view of the risk associated with an obligor which are used, inter alia, across internal systems for corporate reporting, specifically in the calculation of provisioning and capital requirements;
  • Performs financial covenant monitoring to ensure compliance in accordance with loan documentation;
  • Ensures discipline around data integrity. RMO is the owner of Risk Data, hence, it is the FSMs responsibility to ensure the correct data, i.e. Global Ultimate Parent, Country or Risk, NAICS , etc., are identified and captured in our rating tool which are all key input factors into the PD rating. FSM conducts research in various sources including annual reports, company websites, external rating agency papers, etc. to confirm the accuracy of the data.

 

Relationship Management and Project Management

  • Develops and maintains relationships with internal stakeholders. Collaborate with stakeholders in the risk assessment and ratings process, in particular the qualitative factors of the PD model which contributes approximately 30-50% (varies by model) of the final PD rating;
  • Leads objectives and projects to advance team goals and its core competencies;
  • Provides support and guidance to less experienced colleagues and responds to and assesses needs of stakeholders;
  • Anticipates and builds relationships, with internal stakeholders to effectively influence and resolve complex issues. FSMs are responsible for understanding the key inputs into the various PD models, in order to explain the results and output of the rating;
  • Contributes to the development standard business rules to better identify and assess credit risk;
  • Independently manages own time to meet objectives and to ensure client service level agreements are met;
  • Accountable for achieving targets and objectives.
Job Qualifications

Screening Criteria

  • Bachelor of Commerce with a concentration in accounting or finance with a Professional Accounting Designation (CPA, CA, CGA, CMA) and 3 to 5 years of relevant related experience; or
  • Bachelor of Commerce with a concentration in accounting or finance plus 5 to 7 years of relevant experience and working towards a Professional Accounting Designation (CPA, CA, CGA, CMA) (asset)
  • Accounting Degree with 3 to 5 years of relevant related experience in the finance sector

 

Skills & Knowledge

  • Superior knowledge in accounting, industry and financial analysis;
  • Strong understanding of International Financial Reporting Standards (IFRS) and different Generally Accepted Accounting Principles (GAAPs) and their impact on financial and credit risk assessment;
  • Strong ability to prepare and present both quantitative and qualitative financial analysis, obligor credit risk analysis and / or risk rating methodologies as well as their application as relevant;
  • Strong knowledge of relevant risk management theories including policies, practices and procedures as well as their application;
  • Solid understanding of Basel Accords, accounting issues and industry standards;
  • Ability to work collaboratively in a team environment with a focus towards the achievement of team and corporate objectives;

 

Asset

  • Bilingualism in both official languages (English and French)
  • Working proficiency in Spanish and / or Portuguese
 


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