Credit Risk Manager

Eden Rose is currently engaged with a financial institution based in the Dubai International Financial Centre (DIFC) who are seeking a Credit Risk Manager to join their risk team.

Reporting to the Chief Risk Officer, as a subject matter expert, you will be responsible for assessing the creditworthiness of institutional counterparties; measuring and monitoring exposures; and providing well-supported recommendations that contribute to sound credit decisions.

Key Responsibilities:

• Conduct comprehensive credit assessments on new and existing counterparties.
• Perform financial strength assessments using audited financial statements plus other relevant information, identifying key financial risks, trends and indicators of creditworthiness.
• Analyse financial information and make recommendations on the suitability of counterparties
• Develop technical methodologies of industry and regulatory standards to measure credit exposure inherent in above mentioned traded products and assess collateral quality
• Monitor current and future counterparty exposures
• Calculate and monitor credit exposures arising from derivatives, margin and leveraged trading products; and develop industry standard stress tests and firm-specific stress tests
• Recommend appropriate counterparty credit limits based on financial analysis and internal credit policies
• Conduct stress testing to assess the resilience of counterparties under a range of market and financial scenarios
• Prepare detailed credit papers and present recommendations to the CRO for approval
• Support regulatory reporting requirements relating to counterparty credit exposure.
• Work closely with stakeholders across Risk, Finance and the business to support effective credit decision-making

The Credit Risk Manager will have experience in Credit Analysis, Counterparty Credit, Credit Approval or a similar function within an investment bank/capital markets business/FinTech, brokerage firm or similar. You will have experience of assessing counterparties and credit exposure across one of Contracts for Difference (CFDs) Derivatives, Equity Listed Options, Margin Lending and Margin Trading, Fixed Income, Equities. You will have experience in supporting credit decisions, monitoring counterparty exposures, and providing recommendations across these products will be highly advantageous.

This is an excellent opportunity with a growing DIFC Financial Institution. Please apply now or for further information contact Kayte Short at Eden Rose at [email protected]