CREDIT RISK SPECIALIST Full-time Job

Job description

Conduct ongoing credit risk reviews, including but not limited to credit scoring models and ratings, collateral valuation processes, provisioning adequacy, portfolio quality, and other aspects of credit risk management to assess the bank’s credit risk profile and ensure its compliance with internal policies, local regulatory requirements and industry best practices.

Prepare reports summarizing the findings of credit risk reviews and present them to management for review and discussion.

Track the implementation of corrective actions identified in the findings of credit risk reviews to ensure their effective resolution in a timely manner. Maintain documentation of corrective actions implemented.

Assist the credit risk management in identifying, measuring, monitoring, and controlling the credit risk arising from all banking activities. Review the implementation and efficiency of credit risk mitigation techniques used by the bank.

Conducting on-site inspections of Branches to ensure full implementation and maintenance of Risk procedures/activities, also conducting targeted training to ensure relevant awareness/know-how and adequate response is provided, providing support for daily problem resolution

Provide specialized analysis regarding risk events, evaluating root causes and/or proposing actions to mitigate impacts. Conducting regular stress test activity to examine different scenarios, also participating in developing the Recovery Plan to ensure that potential resolution strategy would be effective.

Assists in reviewing new policies and processes across all areas of Risk Management within the organization, ensuring their alignment with the risk appetite, strategy, policies, standards, regulatory requirements and best practices in banking industry.

Pro-active monitoring of Bank's performance, early identification of potential critical situations for all risks.

Monitor Risk profile to guarantee effective implementation of the Bank risk strategies.

Provide timely and quality contribution, inputs, and results that assist risk managers/process owners with monitoring their specific risks to make timely and accurate risk decisions, support on projects (from time to time)

Identify and resolve specific gaps on operational compliance.

Proposes solutions to mitigate and follow up on their completion/ implementation on processes, in close interaction with all stakeholders. Provides advice/training and guidance for employees in Operational Compliance policies and regulations.

Perform research regarding regulatory expectations or industry best practices and assist in the development of necessary risk models, processes and controls.

Requirements

Experience/knowledge

At least 3 years of professional experience in Banking, out of which a minimum of 1 year must be in a Credit Risk area, Operational Risk or Internal Audit areas

Advanced degree in Economics, Finance, Mathematics, Statistics or related field is preferred.

In-depth understanding of banking regulations, risk management principles, and best practices, and knowledge of relevant regulations in Albania is required

Proven experience with statistical and quantitative credit risk analysis, modelling, and reporting is desirable

Specific Knowledge

Good knowledge on banking products and services and understanding on different markets.

Technical/ Professional skills

Proven experience in using quantitative techniques for risk measurement and monitoring; familiar with using financial analysis tools.

Good analytical skills to be able to draw reasonable conclusions based on analyses/review/discussions, etc.

Good oral and written communication skills.

Personal skills

Good self and team-working organizational and time management skills; Pro-activeness, diligence, result-orientation, good personal judgment, etc.

Computer Skills

Proficiency in Microsoft Office applications (Excel, Word, PowerPoint, etc.). Experience with statistical analysis software is desirable

Language Skills

Fluency in written and spoken English