Credit Analyst, Insurance
- Recruiter
- Standard Chartered Bank
- Location
- New York
- Salary
- Competitive
- Posted
- 30 Sep 2022
- Closes
- 14 Oct 2022
- Ref
- 2200024462
- Contact
- Standard Chartered
- Approved employers
- Approved employer
- Job role
- Credit control
- Contract type
- Permanent
- Hours
- Full time
- Experience level
- Part qualified
Role Responsibilities
Strategy/BusinessAct as a primary analyst for assigned accounts and secondary analyst for remaining accounts in the Insurance FI segment. Responsible for the front-to-end BCA process of assigned accounts as primary analyst by performing independent, forward looking credit analysis of current and prospective clients and act as a secondary analyst as needed. Plan and conduct the overall credit process for assigned primary accounts with respect to assessments of risks, credit papers, assignment and monitoring of limits, credit grades, as well as proactive monitoring of credit events, including:
Our Ideal Candidate
About Standard Chartered
We're an international bank, nimble enough to act, big enough for impact. For more than 160 years, we've worked to make a positive difference for our clients, communities, and each other. We question the status quo, love a challenge and enjoy finding new opportunities to grow and do better than before. If you're looking for a career with purpose and you want to work for a bank making a difference, we want to hear from you. You can count on us to celebrate your unique talents. And we can't wait to see the talents you can bring us.
Together we:
Visit our careers website www.sc.com/careers
Strategy/BusinessAct as a primary analyst for assigned accounts and secondary analyst for remaining accounts in the Insurance FI segment. Responsible for the front-to-end BCA process of assigned accounts as primary analyst by performing independent, forward looking credit analysis of current and prospective clients and act as a secondary analyst as needed. Plan and conduct the overall credit process for assigned primary accounts with respect to assessments of risks, credit papers, assignment and monitoring of limits, credit grades, as well as proactive monitoring of credit events, including:
- Financial analysis of customers using credit skills; ratio analysis; evaluation of security and collateral; evaluation of parent support policies; judgment of management and strategy.Evaluation and understanding of risk associated with individual transactions, products, borrowers and counterparties.Ensure compliance of all internal and regulatory credit/other portfolio related policies in conjunction with GAM Monitor Risk Triggers, Covenants and other credit conditions and ad hoc credit reports appropriately - preparing reports, escalation, and take actions, as per policy/procedure. Ensure Zero BCA over dues and work to minimize extensions.
- Lead through example and build the appropriate culture and values
- In partnership with the GAM, ensure timely identification of accounts to be put in EAR/ASTAR as per the bank's policies and guidelines. Preparing the EAR/ASTAR/Adverse news report note based on their own research and inputs from GAM and circulation to relevant stakeholders as per policy/procedure.Contribute to the excess report process, including, but not limited to proposing limit increases or reducing exposures and promptly addressing queriesParticipate regularly in account planning sessions to ensure familiarity with customer business.Visit/meet customers to conduct credit due diligence of all existing customers with credit lines as part of the annual credit review process. Conduct enhanced credit due diligence in order to achieve clear understanding of credit risks associated with new transactions. Prepare call reports on credit/risk related discussion, if the CA attended the meeting discussion when in attendancePropose and assist with negotiation of credit terms for ISDA/CSA agreements through preparation of Credit Term Sheets (CTS).Cultivate and maintain close relationships with stakeholders in Risk, Legal, and ComplianceConduct periodic portfolio reviews of assigned segment to assess creditworthiness and initiate ad hoc reviews for clients subject to adverse news or vulnerable to specific economic, market or regulatory eventsProactively monitoring market data and risk triggers across the assigned portfolioTake personal responsibility for execution of complex transactions or managing complex relationships with assigned names.Contribute to Stress Tests requests (wherever required or requested by GAM/Risk Management)
- Display exemplary conduct and live by the Group's Values and Code of Conduct.
- Take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct, across Standard Chartered Bank. This includes understanding and ensuring compliance with, in letter and spirit, all applicable laws, regulations, guidelines and the Group Code of Conduct.
- Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
- GAMs, FAMsRisk, CRCMDU, Legal and Compliance, where relevantProduct partnersFCC, where relevant
- ClientsRating AgenciesMarket Data Services and research providers
Our Ideal Candidate
- Minimum of 8 years' relevant experience gained as a credit/equity analyst, including minimum of 5 years covering US-domiciled and foreign insurance companies in a rating agency, commercial bank or as a regulator.Bachelor's Degree with concentration in Finance and or Accounting, Advanced Certification is a plus (MBA/CFA), Credit training and/or certification with a concentration in the insurance industry from a top rating agency or a regulator. Proficiency in both statutory financial reporting requirements and the US GAAP. Knowledge of the IFRS is a plus.Solid knowledge of emerging markets capital products and services.Strong analytical ability, focused on the assessment and calibration of credit risk across all of the insurance sub-sectors (Property & Casualty, Life and Reinsurance)Strong verbal and written communication skills (in English), with proven ability to work across cultures and within a dynamic environmentWell organized, able to multi-task and balance competing demands
- Pass FI-CC (or approved equivalent) within 6 months of start date or upon availability (if not available in this timeframe).
About Standard Chartered
We're an international bank, nimble enough to act, big enough for impact. For more than 160 years, we've worked to make a positive difference for our clients, communities, and each other. We question the status quo, love a challenge and enjoy finding new opportunities to grow and do better than before. If you're looking for a career with purpose and you want to work for a bank making a difference, we want to hear from you. You can count on us to celebrate your unique talents. And we can't wait to see the talents you can bring us.
Together we:
- Do the right thing and are assertive, challenge one another, and live with integrity, while putting the client at the heart of what we do
- Never settle, continuously striving to improve and innovate, keeping things simple and learning from doing well, and not so well
- Be better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term
- In line with our Fair Pay Charter, we offer a competitive salary and benefits to support your mental, physical, financial and social wellbeing.
- Core bank funding for retirement savings, medical and life insurance, with flexible and voluntary benefits available in some locations
- Time-off including annual, parental/maternity (20 weeks), sabbatical (12 weeks maximum) and volunteering leave (3 days), along with with minimum global standards for annual and public holiday, which is combined to 30 days minimum
- Flexible working options based around home and office locations, with flexible working patterns
- Proactive wellbeing support through Unmind, a market-leading digital wellbeing platform, development courses for resilience and other human skills, global Employee Assistance Programme, sick leave, mental health first-aiders and all sorts of self-help toolkits
- A continuous learning culture to support your growth, with opportunities to reskill and upskill and access to physical, virtual and digital learning
- Being part of an inclusive and values driven organisation, one that embraces and celebrates our unique diversity, across our teams, business functions and geographies - everyone feels respected and can realise their full potential.
- Recruitment assessments - some of our roles use assessments to help us understand how suitable you are for the role you've applied to. If you are invited to take an assessment, this is great news. It means your application has progressed to an important stage of our recruitment process.
Visit our careers website www.sc.com/careers