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PwC · 1 day ago

Financial Credit Risk, Senior Associate

New York, NY

Full-time

Hybrid

Mid, Senior Level

$77K/yr - $202K/yr

3+ years exp

PwC is a leading professional services firm that provides a range of financial risk and regulatory services. As a Senior Associate in their Balance Sheet Management practice, you will work with financial institutions to address credit risk management topics, including governance, credit process optimization, and risk rating model implementation.

AccountingBusiness DevelopmentConsultingFinanceFinancial ServicesTax Consulting

No H1B

Responsibilities

Use feedback and reflection to develop self awareness, personal strengths and address development areas

Delegate to others to provide stretch opportunities, coaching them to deliver results

Demonstrate critical thinking and the ability to bring order to unstructured problems

Use a broad range of tools and techniques to extract insights from current industry or sector trends

Review your work and that of others for quality, accuracy and relevance

Know how and when to use tools available for a given situation and can explain the reasons for this choice

Seek and embrace opportunities which give exposure to different situations, environments and perspectives

Use straightforward communication, in a structured way, when influencing and connecting with others

Able to read situations and modify behavior to build quality relationships

Uphold the firm's code of ethics and business conduct

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; 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 focused on credit risk

Qualification

Credit risk managementRisk rating model designCurrent Expected Credit Losses (CECL)Credit analysisCommercial lendingProject managementClient relationship managementTeam collaborationCommunication skillsProblem solving

Required

Bachelor Degree

3 year(s)

Preferred

Master Degree

Business Administration/Management, Mathematics, Statistics, Finance, Accounting, Economics

Collaborating 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

Familiarity with conducting 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

Possessing 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

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

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