Managing Director, Head of Global Credit Review Boston, Massachusetts/en-US/Global/job/Boston-Massachusetts/Managing-Director--Head-of-Global-Credit-Review_R-624924/apply
Managing Director, Head of Global Credit Review
The incumbent will have responsibility for the planning, execution and reporting of independent risk assessments of credit risk management practices throughout State Street. The incumbent reports to a Senior Vice President of Corporate Audit.
The successful candidate will be required to have extensive knowledge of the design and operation of internal controls related to the management of credit risk and loan review. In addition, the candidate is required to have strong knowledge of the regulatory environment and emerging risks. Knowledge of capital markets products and associated risks as well as operational processes and controls supporting wholesale businesses will be an asset. The incumbent should be proficient at applying risk-based review standards, practices, techniques, processes and methodologies to the performance and review of the groups examinations.
Conduct regular credit risk assessments to identify systemic and emerging issues and strategic changes to business practices that can be incorporated in the annual review schedule
Consult with various stakeholders - including business management, Credit Risk, Legal and Finance to ensure a comprehensive approach to evaluations
Oversee day-to-day credit review activities, including the management of ongoing exams and continuous monitoring efforts, and ensure that activities are in line with departmental standards
Regular asses resourcing needs to adequately fulfill mandate
Act as lead liaison for business units, other risk teams and external auditors and regulators
Report periodically to both senior management and the Risk Committee of the Board of Directors on the teams conclusions and overall risk assessment
May serve on relevant committees and participate in or lead a variety of task force assignments
Works closely with counterparts in broader Corporate Audit function, as well as Enterprise Risk Management, on related risk management issues
15+ years of experience within a financial services organization, focused on credit and/or capital markets risk management
Demonstrated ability to evaluate complex credit relationships
Experience with leverage loans, foreign exchange, securities finance, trading limits, ISDA/CSA terms and/or collateral management is preferred
Excellent interpersonal, communication, organizational and writing skills, as well as proficiency with financial modeling, portfolio analytics and analysis of data from both internal and external sources
Ability to develop business relationships with senior management and others throughout the organization
Equivalent to a B.S. degree in Business, Finance, or related field
MBA, MSF, CFA or formal bank credit training preferred
Posted 2 Days AgoFull timeR-624924
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Internal Number: 6488073
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