Key Responsibilities
- Manage credit risk management of International Private Bank clients covered by the Latin America & Global Families business, with primary ownership of managing portfolio risks within acceptable risk appetite and loss tolerances.
- Understand WM Credit Risk appetite on wholesale loans, mortgages and trading exposures (i.e. OTC derivatives, futures and options, securities trading)
- Approve credit risk exposure relating to the client base within authorized limits. Assign risk ratings, LGDs, and other risk metrics across the portfolio. Maintain satisfactory Audits across the credit portfolio.
- Ensure that Risk exceptions in the portfolio are appropriately managed and escalated as required.
- Identify and monitor concentrations, trends and themes in the portfolio, and direct the preparation of Portfolio Reviews.
- Work closely with the Underwriting team and build an integrated approach to make credit decisions that incorporates underwriter input.
- Partner with Business to credibly challenge opportunities / new initiatives while promoting a culture of Risk discipline across the organization.
- Participate to strengthen Risk Policies / Underwriting Guidelines / procedures in partnership and work with Risk Policy team.
- Challenge the status quo. Continuously strive to find better, more efficient ways to manage credit risk and business flow, including underwriting.
- Actively participate in diversity, inclusion and equity efforts across the organization.
Required qualifications, capabilities, and skills
- Bachelor s degree
- 7+ years of professional experience related to financial services, risk management, compliance or legal
- Strong decision-making capabilities and the ability to identify problems and propose solutions
- Ability to operate independently with confidence, to interact credibly with senior business stakeholders and build strong partnerships
- Team player who collaborates effectively and is able to influence others
- Thought leader able to generate innovate ideas to address challenges / inefficiencies
- Outstanding attention to detail and ability to learn complex processes that affect various functions and business units within Credit Risk Management
- Highly organized, motivated and hard working with exceptional communication skills, both written and verbal with ability to prepare and present senior level communications and meet tight deadlines
- Strong technical (including Excel) skills
