Chief Manager/Associate Vice President - Wholesale Credit - Conglomerates & Corporates Group-Bank Job Description Template
As the Chief Manager/Associate Vice President in the Wholesale Credit department, you will oversee credit risk assessment and portfolio management for the Conglomerates & Corporates Group. The role involves ensuring compliance with bank policies and regulatory requirements while driving growth and safeguarding assets.
Responsibilities
- Oversee credit risk assessment for conglomerates and large corporate clients.
- Manage and approve credit proposals in accordance with bank policies.
- Conduct regular portfolio reviews and risk assessments.
- Work closely with relationship managers to drive credit growth.
- Ensure compliance with regulatory requirements and internal policies.
- Develop strategies to mitigate risk and enhance portfolio quality.
- Lead a team of credit analysts and provide guidance and mentorship.
- Prepare detailed credit reports and present to senior management.
Qualifications
- Master’s degree in Finance, Economics, or related field.
- 10+ years of experience in wholesale credit management.
- In-depth knowledge of credit risk assessment and portfolio management.
- Strong understanding of banking regulations and compliance.
- Proven leadership experience in a financial institution.
- Excellent communication and decision-making skills.
Skills
- Credit Risk Assessment
- Portfolio Management
- Regulatory Compliance
- Financial Analysis
- Leadership
- Risk Mitigation
- Credit Proposal Approval
- Report Preparation
- Team Management
Frequently Asked Questions
A Chief Manager/Associate Vice President in Wholesale Credit is responsible for managing credit risk for large conglomerates and corporate clients within a bank. This role involves assessing and evaluating creditworthiness, approving high-value loans, and ensuring compliance with regulatory standards. They also oversee a team of credit analysts and collaborate with other banking departments to develop comprehensive financial solutions tailored to the needs of corporate clients.
To become a Chief Manager/Associate Vice President in Wholesale Credit, candidates typically need a bachelor's degree in finance, business, or a related field, along with substantial experience in the banking sector. Prior roles in credit analysis or risk management are crucial, and a deep understanding of financial products and corporate finance is necessary. A candidate may enhance their qualifications by obtaining a master's degree or professional certifications like CFA or FRM.
The average salary for a Chief Manager/Associate Vice President in Wholesale Credit can vary based on industry, location, and the bank's size. Typically, it includes a base salary, performance bonuses, and other benefits. Candidates can expect competitive remuneration reflecting their expertise in managing complex credit portfolios and ensuring profitability while minimizing risk exposure.
Qualifications for a Chief Manager/Associate Vice President in Wholesale Credit generally include a bachelor's degree in finance, business, or a related discipline. Experience in credit risk assessment and management for corporate clients is essential. Candidates often benefit from advanced education such as an MBA or certifications like Chartered Financial Analyst (CFA) or Financial Risk Manager (FRM), which can enhance their expertise and career prospects.
The role of Chief Manager/Associate Vice President in Wholesale Credit requires strong analytical skills, financial acumen, and the ability to evaluate and mitigate risks associated with lending to corporate clients. Responsibilities include leading risk assessment teams, devising credit strategies, and maintaining the bank's credit policy framework. Excellent communication and leadership abilities are also vital to effectively interact with stakeholders and deliver optimal credit solutions.