Vice President, Credit Approvals

Organisation
Butterfield
Reference
VAC-30847
Contract Type
Full-Time
Industries
Banking & Financial Services
Location
Bermuda
Salary
Competitive Salary
Date Posted
05/02/2019
Expiry Date
20/02/2019
This position reports to the Vice President, Credit Risk Management and is responsible for monitoring and maintaining authority within designated limits.
 
Your responsibilities will include:
  • reviewing credit proposals recommended by Retail, Private Banking and Corporate Banking in Bermuda and subsidiaries of the Bank in accordance with the Group’s credit policies and guidelines
  • exercising approval authority within delegated credit limits and making recommendations to senior management and the Group’s Credit Committee
  • reviewing and approving execution of facility letters and collateral documentation
  • acting as product owner under the Bank’s Enterprise Risk Management function, including the implementation and maintenance of procedures and risk assessments attached thereto
  • providing support to the Vice President, Credit Risk Management in the direction and management of the Group’s credit risk function by developing, monitoring and maintaining a framework of credit policies and guidelines
  • identifying, monitoring and reporting on unsatisfactory conditions or trends in the Group’s credit portfolio, including specific industry sectors and portfolios of assigned overseas subsidiaries and recommending and implementing corrective action
  • preparing management loan portfolio reports for utilisation by the Vice President, Credit Risk Management and reports for the Bank’s Board of Directors on the largest and/or highest credit risk loan exposures
  • preparing specific and general loan allowances in accordance with Bank policies and US GAAP and presenting to the Provisions Committee
  • deputising for and/or undertaking specific high level functions and roles assigned by the Vice President, Credit Risk Management
 
Your experience/skills may include:
  • university degree in business, commerce or equivalent with a minimum of 10 years’ progressive banking experience, of which five must be at a senior level of international credit management experience; an accounting designation would be beneficial
  • proven credit risk management experience, specifically adjudicating on cross-jurisdictional loan portfolios
  • strong analytical skills including financial analysis, financial structuring and loan documentation
  • in-depth knowledge of collateral security issues and proven management and leadership skills
  • sound knowledge of the requirements of the Basel Accord as it relates to credit and risk management thereof
  • sound knowledge of loan provisioning and proven ability to manage employees
  • proficient in Microsoft Office suite of applications

 

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