SVP, Credit Risk

Found in: beBee jobs GB - 2 weeks ago

London, Greater London, United Kingdom MasterCard Full time

We work to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible.

Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments and businesses realize their greatest potential.

Our decency quotient, or DQ, drives our culture and everything we do inside and outside of our company. We cultivate a culture of inclusion for all employees that respects their individual strengths, views, and experiences.

We believe that our differences enable us to be a better team - one that makes better decisions, drives innovation and delivers better business results.

We are currently looking for a Senior Vice President, Credit Risk based in London.


The role, in the second line of defense Risk function, consists in overseeing the global credit risk function for Mastercard inclusive of credit approval for large exposures, ownership of MA's credit policy as well as related credit risk assurance activities.

This role is global in nature with oversight of MA's credit exposure across all regions.


Mastercard has approximately $60bn in credit exposure to financial institutions and other counterparties worldwide, making credit risk a key part of its evolving and quickly growing business model.

The magnitude and strategic nature of this exposure necessitates engagement with executive management, Mastercard's sales and product organizations, Customer Risk Management and regulators.

Role


The primary responsibility is to ensure credit risk is managed within Mastercard's risk appetite and the ongoing risk management practice is carried out in accordance with Mastercard's policies & procedures.


This includes, but is not limited to:

  • Establish, maintain and monitor a Credit Risk policy for MA, including the delegated authorities for credit approval as well as approved credit risk mitigation approaches
  • Approve larger customer underwritings in line with authorities established under MA policies and procedures
  • Establish a program of QA over customer underwritings approved under delegated authority provided to the 1LoD (Customer Risk Management team)
  • Oversee the 1LoD on the adequacy of risk mitigation approaches to impacts of global credit events and crises
  • Partner with 1LoD on engagement and responses to Regulators in markets where MA has direct supervision; advise the 1LoD on adequacy of responses to regulatory findings and queries
  • Oversee 1LoD adherence to MA's Risk Appetite Statement (RAS) and metrics for credit risk. Periodically review the RAS and metrics to ensure they remain fit for purpose
  • Establish a program of periodic review and challenge of credit models maintained by the 1LoD supporting the monitoring and measurement of credit risk globally, e.g., Probability of Default, Country Risk, Profit at Risk, etc
  • Where relevant, ensure credit risks are identified and assessed for material new product constructs and strategic bets (e.g., M&As) made by the company
  • Periodic engagement with key customers / large exposures to ensure robustness of credit risk practices
  • Proactively engage and brief executive management and the Board, including the Executive Risk Committee and Risk Committee of the Board, on responses to material credit events and exposures.
All About You

  • Postgraduate degree in business or equivalent
  • Experience in credit risk assessment, financial statements analysis and management is a prerequisite
  • Strong experience in / knowledge of the banking sector and knowledge of the payments regulation landscape
  • Knowledge of card scheme, settlement and Tech platforms preferred
  • Risk mindset: ability to think outside the box and identify potential sources of risk
  • Problem solving: ability to develop innovative solutions to manage/ address credit risk
  • Experience managing a global and diverse team
  • Experience engaging with executive management
  • Experience and ability to engage with Regulators globally
  • Outstanding written and verbal English communication skills
  • Strong negotiation and influencing skills, including at Csuite levels
  • Crisis management: ability to manage through a crisis, leading a team to make tough decisions with imperfect information
Corporate Security Responsibility

All activities involving access to Mastercard assets, information, and networks comes with an inherent risk to the organization and, therefore, it is expected that every person working for, or on behalf of, Mastercard is responsible for information security and must:

  • Abide by Mastercard's security policies and practices;
  • Ensure the confidentiality and integrity of the information being accessed;
  • Report any suspected information security violation or breach, and
  • Complete all periodic mandatory security trainings in accordance with Mastercard's guidelines.

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