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- Develop and design stress testing scenarios to assess the impact on the credit portfolio under various economic and financial conditions
- Identify and define relevant Early Warning Indicators (EWI) for potential risks within the Bank's credit portfolio. Establish threshold levels for each EWI, determining at what point deviations from normal patterns could indicate heightened risk
- Collaborate with relevant departments to gather and validate data required for stress testing and EWI. Conduct thorough analysis of credit data, identifying trends, patterns, and potential areas of risk based on outcomes
- Utilise credit risk models/tools to analyse the effects of stress scenarios and EWI on the credit portfolio
- Prepare comprehensive reports detailing the results of stress testing and EWI exercises. Clearly communicate findings, potential risks, and recommendations to senior management and relevant stakeholders
- Collaborate with Risk Management, Finance, and other relevant departments to facilitate a holistic approach to stress testing. Engage in cross-functional communication to share insights and align strategies
- Develop and maintain comprehensive documentation of stress testing and EWI processes, methodologies, and results for audit and regulatory purposes
- Assist in credit risk related projects
- Degree educated preferably in Finance, Business or Economics
- Relevant professional qualification is considered useful (e.g. ACIB, CFA, FRM)
- Proven track record of successfully implementing and managing EWI systems and processes in a financial or risk management context
- Demonstrated experience in credit stress testing methodologies, scenario analysis and risk modelling
- Excellent analytical abilities with attention for detail
- Advanced proficiency in statistical software, data analytics tools and financial modelling applications
- Comprehensive knowledge of banking products and risks associated with them
- Excellent communication skills with ability to convey complex analytical findings and insights in a clear and understandable manner
Senior Analyst - London, United Kingdom - Bank of China
Description
Credit Management department is the second line of defence (2LoD) credit function that is responsible to prepare risk assessment reports and credit recommendations in support of existing and new business for the Bank. As a Senior Analyst Credit Stress Testing, your primary responsibility will be to enhance the credit stress testing framework, oversee and conduct credit stress testing activities, design stress testing scenarios, assess the impact on the credit portfolio and ensure compliance with regulatory requirements. This is a full time permanent position.
Key responsibilities
Requirements