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Job Title: SENIOR RISK ANALYST/ABS/VP
Job Location: NY: New York
Pay Rate: $160K
Job Length: full time
Start Date: 2008-09-19

Company Name: Salem Executive Search
Contact: Joe Salem
Phone: 9733897858
Fax: email only

Description: RESPONSIBILITIES:


Control and manage credit risk (risk analyses and continuous monitoring) of assigned portfolio of individual US ABS (consumer and commercial) according to Master Credit, Early Warning and Impairment Processes while ensuring compliance with internal and external regulations.


Prepare periodic and "ad hoc" reports covering the entire US (consumer and commercial) ABS portfolio.


Design of new and / or improvement of existing risk management tools for US ABS (consumer and commercial).



SPECIFIC TASKS / RESPONSIBILITIES:


Perform credit analyses (including sensitivity analysis / stress testing) and risk reviews for single US ABS (consumer and commercial) as well as for the Bank's entire US ABS portfolio. Analyses encompass the historical and projected financial performance of the underlying portfolio, the structure as well as the legal and operational issues related to a specific transaction.


Ensure fulfillment of any Paragraph 18 (German Banking Act) reporting requirements associated with assigned accounts, if applicable.


Maintain all accounts, records, files and reporting in compliance with regulatory guidelines and the Bank's own policies and procedures.


Communicate effectively with marketing officers, management, other departments and Head Office or other branches of the Bank.


Contribute to risk analysis improvement and development and any required special reports or projects, often to the Board of Management, the Supervisory Board and the German and US Regulators.


Remain current on developments relating to structural, economic and legal risk related to US securitization, in particular US ABS (consumer and commercial) and be proactive in terms of making recommendations for appropriate measures (proactive risk management of US ABS).



REQUIREMENTS/QUALIFICATIONS:


Graduate degree in business, finance, accounting, economics and/or MBA/CFA.


Formal bank credit training program or commensurate experience.


At least 7 to 10 years experience in US ABS and securitization risk analysis or commensurate experience as risk taker / investor.


Highly versed in current business software tools (in particular familiarity with Excel) and the ability to access and to research financial databases and internal management information systems.


Proficiency in the usage of customary analytical tools in US ABS analysis and the Rating Agency Models for US ABS.


Deep knowledge and understanding of the methodologies on which the above models are based.


Excellent analytical and mathematical skills.


Excellent social (Team player), communication, writing and presentation skills. Must be able (i) to summarize / condense complex analyses results (ii) into a form presentable to the Board of Management and Regulators. Excellent English written and oral communications skills. German a plus.


Mature, responsible individual who takes initiative, works well under pressure with multiple assignments, and is orderly and precise.

Please refer to Job code PC1706 when responding to this ad.

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