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Citizens · 5 months ago

Head of Capital Markets Credit Risk

28 State Street, Boston, MA, 02109, US

Full-time

Hybrid

Director/Executive

$275K/yr - $350K/yr

15+ years exp

Citizens is seeking a highly accomplished and strategic Executive to lead their Capital Markets and Leveraged Finance Credit Risk Management function. This role is responsible for overseeing credit risks associated with leveraged finance portfolios and other capital markets transactions, requiring deep expertise in corporate finance and credit analysis.

BankingCredit CardsFinancial ServicesFinTechRetail

H1B Sponsor Likely

Responsibilities

Develop, implement, and continuously enhance the credit risk appetite, policies, procedures, and methodologies for the Capital Markets and Leveraged Finance portfolios, ensuring alignment with overall firm strategy and regulatory expectations

Lead the strategic direction of credit risk management for these complex portfolios, anticipating emerging risks and market trends

Establish and maintain robust risk limits and early warning indicators for the leveraged finance book

Oversee and, where appropriate, directly conduct comprehensive credit risk assessments for proposed leveraged financing transactions (e.g., LBOs, recapitalizations, M&A financings), including deep dives into financial models, forecast EBITDA, capital structure, and syndication strategies

Lead the credit approval process for new lending activities and other complex credit requests, making informed recommendations to senior management and credit committees

Ensure all credit adjudications adhere strictly to internal policies, risk appetite, and regulatory requirements (e.g., U.S. Leveraged Lending Guidance)

Possess a strong understanding of debt hedging strategies that minimize financial risks and enhance overall profitability. Collaborate across line of business, finance, and treasury to ensure alignment against all financial goals

Manage and monitor the ongoing credit risk of the existing Capital Markets and Leveraged Finance portfolio, including performing periodic reviews, evaluating financial covenant compliance, and assessing industry trends

Identify, escalate, and proactively manage deteriorating credits and other problem situations, ensuring timely and effective remedial actions

Ensure risk ratings are accurate, dynamic, and reflect a forward-looking view of client creditworthiness

Prepare and present comprehensive credit reports, risk assessments, and portfolio reviews to senior management, risk committees, and regulators

Lead and/or participate in client due diligence activities, attending meetings with clients, sponsors (e.g., private equity firms), and other banks to gain a deep understanding of business models, management teams, and industry sectors

Critically review legal documentation (e.g., credit agreements) to ensure terms are appropriate, consistent with credit approvals, and adequately protect the firm's interests

Ensure full compliance with all relevant regulatory requirements, guidelines, and supervisory expectations pertaining to credit risk management in capital markets and leveraged finance

Serve as a key point of contact for internal and external auditors and regulators on credit risk matters within the designated portfolios

Contribute to regulatory reporting and stress testing exercises

Lead, mentor, and develop a high-performing team of credit risk professionals, fostering a culture of continuous learning, strong analytical rigor, and proactive risk management

Provide expert guidance and thought leadership to junior team members and colleagues across the firm

Collaborate effectively with front office origination teams, syndication, legal, compliance, operations, and other risk functions to ensure seamless execution, alignment of objectives, and robust risk controls

Challenge business proposals constructively to ensure a balanced approach to risk and return

Qualification

Credit risk managementLeveraged finance expertiseCorporate finance knowledgeFinancial modelingRegulatory complianceCredit analysisPortfolio managementTeam leadershipAnalytical skillsCommunication skillsInterpersonal skillsPresentation skills

Required

Proven leadership capabilities, sound judgment, high ethical standards, and the ability to make difficult decisions under pressure

Minimum of 15+ years of progressive experience in credit risk management within capital markets, with a significant focus on leveraged finance, at a reputable financial institution (e.g., investment bank, large commercial bank.)

Extensive experience with non-investment grade credit analysis, underwriting, and portfolio management

Demonstrated leadership experience, including managing and developing a team

Education: Bachelor's degree in Finance, Economics, Accounting, or a related quantitative field required

Expertise in corporate finance, financial accounting, and financial modeling (LBO models, projection models, valuation)

Deep understanding of leveraged finance products, structures, market dynamics, and syndication processes

Strong knowledge of credit derivatives, loan trading, and related market risks

Proficiency with financial data platforms (e.g., Bloomberg, Refinitiv) and risk management systems

Regulatory Knowledge: Comprehensive understanding of relevant U.S. leveraged lending guidance, Basel frameworks, and other applicable financial regulations

Exceptional analytical, critical thinking, and problem-solving abilities, with a keen eye for detail and the capacity to synthesize complex information into actionable insights

Superior verbal and written communication skills, with the ability to articulate complex credit issues clearly and concisely to senior management, external stakeholders, and non-technical audiences

Strong presentation skills and ability to influence outcomes

Excellent interpersonal skills with the ability to build strong relationships and collaborate effectively across all levels of the organization

Preferred

MBA or CFA highly preferred

Benefits

Comprehensive medical, dental and vision coverage

Retirement benefits

Maternity/paternity leave

Flexible work arrangements

Education reimbursement

Wellness programs

Paid time off policy exceeds the mandatory, paid sick or paid time-away policy of every local and state jurisdiction in the United States

Company

Citizens

Glassdoor3.6

At Citizens, we recognize that the journey to accomplishment is no longer linear and that individuals are made of all they have done and all they are going to do.

Founded in 1828

Providence, Rhode Island, USA

10001+ employees

https://www.citizensbank.com/

H1B Sponsorship

Citizens has a track record of offering H1B sponsorships. Please note that this does not guarantee sponsorship for this specific role. Below presents additional info for your reference. (Data Powered by US Department of Labor)

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2020 (1)