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Director, Credit Risk
Alvarez & Marsal
Alvarez & Marsal ("A&M") is a global consulting firm with more than $2+ billion in revenues, c.7500 staff and over 70 offices world-wide. We offer a broad range of professional services including Restructuring, Transaction Advisory, Performance Improvement, Corporate Transformation, Financial Institutions Advisory, Tax, Valuations, and Disputes and Investigation Services.
At A&M, we believe in the power of diverse teaming to solve complex problems, create value and drive change for our clients. We are a global market leader, and we are differentiated as a firm by our professionals' unique, varied backgrounds that allow us to serve our clients across the globe with both a practical and innovative approach.
A&M FSI works with leading Financial Services Institutions across Europe and our expertise revolves around three core areas: Performance Improvement, Portfolio Advisory Group and Risk & Regulatory Advisory. We work with clients across the financial services space and focus on banks, private equity investors, regulatory authorities, insurers, wealth and asset managers and other specialised Financial Services firms.
A&M's professionals work on some of the world's most high-profile cases in a rapidly transforming financial services landscape, striving for game-changing solutions that provide impactful long-term change. Working directly with our client's management, A&M's involvement reassures all stakeholders that the company is taking important steps to address its problems and to maximise its value.
Due to unprecedented growth within our FSI team, an opportunity exists for a Director to focus on Credit Risk advisory within our Financial Services Risk & Regulatory team. We are looking for an individual with a successful track record in Financial Services and a passion for advisory.
The Director will lead assignments such as;
Advising banks on the implementation of credit risk management regulations and guidance (e.g. Definition of Default, Loan Origination and Monitoring)
Reviewing and implementing credit risk management and policy frameworks and methodologies against regulatory expectation and best practice
Assisting clients to remediate adverse regulatory findings or manage intense regulatory scrutiny
Supporting vendors and acquirors of regulated firms with credit risk due diligence on loan portfolios
The successful candidate will lead the delivery of Risk & Regulatory programmes within Financial Institutions, where the regulatory perspective is central to a business-critical judgement.
Ideally, an A&M Director will be able to successfully identify client needs and win client trust. The successful appointee will be recognised by the client as the lead for value contributed on engagements and therefore build his/her own credible network of contacts and referral sources with clients, professionals and institutions. They will be actively involved in business development and be an integrated part of the Risk & Regulatory team.
Previous experience & a strong track record of implementing and analysing credit risk management frameworks. This track record may have been gained at the regulator (e.g. the Prudential Regulation Authority ( PRA) , an operational role within a Retail or Commercial bank, or a consultancy firm
Familiarity with the regulatory environment and expectations, including IFRS9, RWA approaches, stress testing, ICAAPs and the supervisory process (e.g. SREP).
Strong academic track record including a degree (or equivalent) in a relevant finance, economics or business-related subject
A professional qualification including ACA / ACCA / CFA qualification (or equivalent) is advantageous
Well-developed stakeholder management skills including addressing complex technical risks and issues and managing key client relationships and expectations
Clear ability to deliver the latest thinking within a highly competitive advisory marketplace
Excellent financial analytical skills (Excel, etc) & presentation skills (PowerPoint)
Fluent business level English is essential. Additional European language skills including French, Spanish, Dutch, German or Italian are highly desirable