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PwC · 1 month ago

Financial Credit Risk, Director

NJ-Florham Park

Full-time

Onsite

Lead/Staff

$155K/yr - $410K/yr

PwC is a leading professional services firm that focuses on risk and compliance management. The Director of Financial Credit Risk will be responsible for advising clients on financial risk management, enhancing internal controls, and leading initiatives to optimize capital allocation strategies.

AccountingBusiness DevelopmentConsultingFinanceFinancial ServicesTax Consulting

No H1B

Responsibilities

Lead in line with our values and brand

Develop new ideas, solutions, and structures; drive thought leadership

Solve problems by exploring multiple angles and using creativity, encouraging others to do the same

Balance long-term, short-term, detail-oriented, and big picture thinking

Make strategic choices and drive change by addressing system-level enablers

Promote technological advances, creating an environment where people and technology thrive together

Identify gaps in the market and convert opportunities to success for the Firm

Adhere to and enforce professional and technical standards (e.g. refer to specific PwC tax and audit guidance) the Firm's code of conduct, and independence requirements

Advise financial institutions on a broad range of credit risk management topics including organization and governance; credit process optimization; risk rating model design, build and implementation; credit regulatory assessments; and Current Expected Credit Losses (CECL) process and tools

Work on a team evaluating, designing, and implementing credit risk strategies to support our clients in addressing key market challenges

Leading and/or playing a significant role in commercial and retail lending and credit process redesign initiatives, such as streamlining credit approval processes (including artificial intelligence), better aligning deal team execution and delivery to client segmentation schemes, implementing credit process redesign initiatives (e.g., target operating model for credit lifecycle), redesigning risk management organization or functional responsibilities, enhancing loan review processes, and/or enhancing loss mitigation/recovery processes

Managing credit risk processes, performing underwriting, credit analysis and assigning risk ratings (e.g., single, and dual risk rating frameworks), writing and reviewing risk management policies and procedures, 1st and 2nd line of defense experience

Developing, applying, and validating commercial and retail credit risk methodologies including obligor and facility risk rating (e.g., PD, LGD, EAD) models, pricing models, etc

Creating and executing design and application of commercial and retail credit risk reporting and analytics in a financial services organization

Possessing knowledge of Allowance for Credit Losses, including methodology, models, and US GAAP requirements under Current Expected Credit Losses (CECL) and knowledge of IFRS 9

Selecting, implementing and/or using commercial and retail credit risk workflow, analytic tools - e.g., Moody's, S&P, nCino, and/or, reporting technologies

Demonstrating familiarity with commercial and retail credit regulatory guidance covering CECL, credit risk review systems, underwriting/annual reviews

Possessing completion of a formal credit training program

Demonstrates thought leader-level abilities and/or a proven record of success with designing and implementing process improvement solutions, leveraging PC applications including MS Office (Word, Excel, Access, PowerPoint), where applicable, including:

Leveraging know-how of a wide range of commercial and retail loan types, including C&I, CRE, ABL, Leasing, Project Finance, Leveraged Lending, fund financing, etc

Operating successfully as both an individual contributor and team member, identifying and addressing client needs. Preparing, coordinating, and delivering complex written and verbal materials to clients and senior management (e.g., PPT presentations, summary reports/ memos, oral presentations)

Supervising teams to create a strong atmosphere of trust, seeking diverse views to encourage improvement and innovation, and coaching staff, including providing timely meaningful written and verbal feedback

Identifying and addressing client needs by building and maintaining trust (e.g., client relationship management)

Considering cross-cultural differences, seeking diverse views to encourage improvement and innovation, and fostering a global mindset for the team

Demonstrating experience in working with and managing on-shore and off-shore teams

Demonstrating thorough ability to communicate project goals and objectives, project status and deliverables, building consensus and presenting standard industry practices/point of view effectively

Keeping leadership informed of progress and issues

Qualification

Credit risk managementCredit process optimizationRisk rating model designCurrent Expected Credit Losses (CECL)CommercialRetail lendingCredit regulatory assessmentsCredit risk reportingCredit training programClient relationship managementProcess improvement solutionsCross-cultural communicationTeam leadership

Required

Demonstrates thought leader-level abilities and/or a proven record of success in selling and delivering engagements with clients in the areas of credit-related activities and credit risk management, preferably in some combination of the following areas: