Executive Director, Credit Risk, Financial Institutions (Funds), New York

  • Competitive package in USD
  • New York, NY, USA
  • Permanent, Full time
  • Commonwealth Bank Australia
  • 30 Sep 16

Join a truly global bank ranked within the top 10 in the world, where you will act as a centre of excellence within our growing FIG Corporate Banking team. Working closely with our FIG bankers, you will assess and decision deals locally

At CommBank, we never lose sight of the role we play in enhancing the financial well-being of people, businesses and communities.

CommBank not only boasts a financially strong position in the US market, both in credit rating and balance sheet, we also offer a range of highly competitive employee benefits that come hand in hand with working for Australia's largest bank.

Your Business

Institutional Banking & Markets (IB&M) is one of the client facing business divisions within Commonwealth Bank of Australia. IB&M is responsible for managing the financial needs of institutional clients and managing all the activities associated with financial markets. The segment covers major multi-national entities and financial institutions in Australia and offshore. IB&M provides a complete range of capital raising, risk management and transactional services to its clients.

IB&M Risk Management is a divisional Risk group providing IB&M with specialist risk oversight and advice.

The team sets and refines policy/guidelines for IB&M, contributes to the risk management culture, provides structuring advice and recommends/decisions credit.

Within IB&M Risk Management, the International Risk team includes teams located in London, New York and across Asia supporting clients in each region and providing local market expertise.

Your Team

As the Executive Director, Credit Risk, Funds, you will be responsible for managing a portfolio of Funds related clients and transactions.

The role sits within the broader IB&M Risk Management team and acts as a trusted adviser to the business, providing advice on risk issues across the IB&M's Funds portfolio, particularly in the US.

You will be responsible for the credit risk management activities for clients in the Funds segment currently managed within the Financial Institutions (FIG) team. Funds include conventional fund managers, direct investors, financial sponsors and hedge funds.

On occasion and as capacity allows you may be required to assist in the credit risk management activities for other New York based clients.

Your Impact

You will significantly influence and shape the profile (size, tenor and distribution) of the FIG Funds portfolio and you will actively manage the portfolio to optimise risk / return outcomes.

The role is accountable for and required to actively manage a significant portfolio of risk. You will ensure both individual and portfolio risks are managed within strategic business guidelines and organisational risk appetite.

Your Responsibilities

You will be responsible for the further development of the Funds' business in originating and executing Subscription Credit Facilities, Asset Backed Facilities and associated risk management facilities.

You will monitor and assess market developments and trends in the Funds sector and Funds Finance in particular.

You will be responsible for a portfolio of Funds clients and Fund Finance activity, including periodic credit and rating reviews, compliance reviews, exposure monitoring and breach reporting.

Furthermore, you will provide structuring advice, analyse, prepare, review and credit decision (up to a designated credit authority) proposals originating from the FIG Client Coverage team and IB&M generally.

You will play a pivotal role in enhancing policies and systems and contribute to the development of models to improve the Bank's competitive position.

Your skills

In order to see your success for this role, you will demonstrate a track record of providing risk management support to the origination, structuring and execution of Funds related credit facilities, including Funds Finance.

You will have strong networks of FIG and Fund Finance market relationships, with a proven ability in developing strong internal networks of effective business relationships across relationship, product and other business units.

You will have demonstrated influencing and stakeholder management skills, with the capacity to work in a busy, commercial, competitive environment and the ability to meet objectives / targets and deliver high levels of customer service.

You will have at least 7 years' experience in a risk position dealing with FI credit risk including Funds Finance and a Tertiary qualification (or equivalent) in a finance related discipline.