VP / Director, Credit Risk Policy

Full Time

International Banking Client

Office Status: Hybrid


As the lead of the Credit Policy team within the Risk Management Department Americas Division (RMDAD) / Credit Portfolio Risk (CPR) group, this individual will be primarily responsible for developing and maintaining client’s Americas Division (AD) credit governance framework, including policies, CUSO Credit Risk Appetite statement, Risk Acceptance Criteria (RACs), and associated manuals, documentation requirements, and templates. They will work with the Head of Credit and Portfolio Risk [RMDAD] to collaborate with client’s Enterprise Risk Management (ERM) and Home Office (HO) to deliver a cohesive credit framework aligned with enterprise policies and risk appetite. This individual will lead the design, enhancement, and/or ongoing implementation and refinement of the overall U.S. credit risk management governance framework, taking into account AD business strategy and market trends. They will report to the Head of Credit and Portfolio Risk.


  • Delivery
    • Collaborate with ERM and Lines of Business (LoB) to develop, maintain, and revise client’s credit risk appetite statement in line with the enterprise risk appetite statement and strategic business objectives. Maintain ongoing communications with the respective functions to guide, as necessary, LoB and Credit Risk in the design and application of the risk appetite framework and standards.
    • Coordinate with the Data Management and Reporting team as they monitor portfolio trends and policy exceptions to determine whether additional refinements to policies or RACs may be warranted to address emerging risks.
    • Coordinate with other client subject matter experts (e.g., Legal, Risk, Compliance, Credit Officers) to regularly update or develop policies to ensure Credit Governance Documents remain aligned with U.S. and international supervisory expectations and client’s Head Office credit-related requirements.
    • Review examination feedback from Credit Review (CRVD), Internal Audit (IAD), external audit and client’s regulators to determine whether policy or other guidance updates are appropriate to address findings.
    • Communicate credit policy and governance updates to senior leadership and relevant stakeholders, as well as provide training, in coordination with the Bank’s learning and development function, for 1 LoD (LoB’s) and 2 LoD (CDAD) credit risk management teams to
      ensure consistent and accurate application across credit and lending activities.
  • Interpersonal
    • Excellent verbal communication and collaboration skills to solicit input and distill complex credit issues and concepts into credit risk appetite, policy and guidance statements accessible to all stakeholders with different experience levels.
    • Excellent writing skills to draft policies and guidance, and to review and revise draft content prepared by members of the team.
    • Proven management and leadership skills with both direct reports, colleagues and senior management.
    • Able to work well across functions and levels of expertise, to solicit and capture multiple points of view; render information so that it is accurate and actionable, and promptly follow up.
    • Ability to communicate appropriately at every level of the organization, including credit risk peers, LoB partners, senior executives, and external regulators.
  • Expertise
    • Expert understanding of credit risk management concepts and rating methodologies, proficient understanding of wholesale credit products, and knowledge of U.S. and international regulatory requirements and industry best practices.
    • In-depth knowledge of the end-to-end lifecycle of credit (e.g., underwriting, ongoing monitoring, workout / collections) and working knowledge of credit risk management frameworks and systems (e.g., 3 lines of defense, risk appetite, risk ratings).
    • Strong analytical skills; intellectually curious; excellent problem-solving abilities and ability to break apart issues and come up to speed on new issues; attention to detail.
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