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Moteur de recherche d'offres d'emploi Crédit Agricole CIB

Model Risk Manager


Vacancy details

General information

Entity

Crédit Agricole CIB is the corporate and investment banking arm of Credit Agricole Group, the 12th largest banking group worldwide in terms of tier 1 capital (The Banker, July 2018). Nearly 8,300 employees across Europe, the Americas, Asia-Pacific, the Middle East and North Africa support the Bank's clients, meeting their financial needs throughout the world. Crédit Agricole CIB offers its large corporate and institutional clients a range of products and services in capital markets activities, investment banking, structured finance, commercial banking and international trade. The Bank is a pioneer in the area of climate finance, and is currently a market leader in this segment with a complete offer for all its clients.

For more information, please visit www.ca-cib.com

Twitter: https://twitter.com/ca_cib
LinkedIn: https://www.linkedin.com/company/credit-agricole-cib/
  

Reference number

2019-41465  

Publication date

08/07/2019

Job description

Business type

Types of Jobs - Corporate & Investment Banking

Contract type

Permanent Contract

Job summary

Summary:

Position based in New York, within the Risk Division of Credit Agricole U.S., to join the newly created Enterprise wide Risk Management Team. The primary mission of the team is to reinforce the local implementation of Credit Agricole SA Group risk monitoring standards while ensuring U.S. specificities and requirements are properly taken into account. The team will be more specifically in charge of:

Strengthening the governance on Model Risk Management, for models used on the Credit Agricole U.S. perimeter, including regulatory (credit, market, …) and non-regulatory models (compliance, finance, …)
Ensuring satisfactory portfolio risk analysis reported / escalated to Credit Agricole U.S. Risk Committee, a committee of the Credit Agricole Board

Responsibilities:Following the implementation of the Enhanced Prudential Standards, a FED regulation, a comprehensive risk framework has been developed to have a transverse and holistic view and monitoring of the risks of all activities of Credit Agricole in the United States (U.S.). Credit Agricole activities in the U.S. consist of Credit Agricole CIB New York (CA-CIB NY), Credit Agricole Indosuez Wealth Management Miami (CAIWM Miami), and Amundi Pioneer.

Model Risk Management: Strengthen the governance on Model Risk Management, for models used on the Credit Agricole U.S. perimeter, including regulatory (credit, market, …) and non-regulatory models (compliance, finance, …)

Reinforce the local implementation of Credit Agricole SA Group risk monitoring standards while ensuring U.S. specificities and requirements are properly taken into account.
Participate to the local overarching governance on all model types used in the U.S. by the Credit Agricole Combined U.S. Operations
Ensure satisfactory model inventory, development and validation

Additional:

For the purpose of the Enhanced Prudential Standards, a Committee of the Credit Agricole Board reviews quarterly the risks of the activities of Credit Agricole in the U.S.. The U.S. Risk Committee has now become a pillar of the risk governance of Credit Agricole Combined U.S. Operations. When required, assist the persons in charge of preparing the Credit Risk section for the US Risk Committee. Credit risk is one of the main risks of Credit Agricole in the U.S.; essentially bore by CA-CIB NY and to a lesser extent by CAIWM Miami. The team will work on the portfolio risk review, by notably understanding the main trends (for ex. Analysis of RWA and IFRS9 provisions, Rating, Exposures evolution, Industry concentrations, etc.….), assessing the risk profile and the quality of the portfolio, analyzing the new transactions and exit clients. The portfolio risk review is a deep dive transverse analysis requiring rigorous analytical approach but should as well be conclusion oriented requiring a good capacity to put perspective to provide high level qualitative messages to the Board of Credit Agricole S.A.

 

 

Job location

Geographical area

America, United States Of America

City

NEW YORK / HOUSTON / CHICAGO / BOSTON / ISELIN / MIAMI

Candidate criteria

Minimal education level

Bachelor Degree / BSc Degree or equivalent

Level of minimal experience

3-5 years

Experience

5-years. Banking experience, including in Risk Division or Inspection / Audit Division

Required skills


Detailed Oriented, articulate with very good communication skills

Excellent Analytical Skills

Resourceful in identifying, following up and resolving issues.

Strong team spirit and work ethic

Technical skills required

Experience in risk management, control functions or inspection team

Strong experience in model risk governance, model validation or model audit

Understanding of Counterparty/ Credit Risk concepts, including, provisioning and industry / sector risk drivers