The Risk IT division manages and mitigates risks within financial markets, focusing on Market Risk, Credit Risk, and Market Data. Market Risk involves assessing and managing risks due to adverse price movements. Credit Risk focuses on evaluating and mitigating risks from borrower defaults. Market Data ensures the accuracy and timeliness of data for risk analysis and decision-making.
The Head of Credit Risk IT leads the development, implementation, and management of technology solutions for credit risk management. This role oversees credit risk models, ensures data integrity, and provides strategic direction to enhance credit risk processes. Collaboration with cross-functional teams, compliance with regulations, and driving innovation are key aspects of this role.
o Develop and execute the Credit Risk IT technology strategy.
Technology Development and Implementation:
o Oversee the design and implementation of credit risk models and systems.
o Integrate advanced analytics and machine learning techniques.
Data Management and Integrity:
o Ensure the accuracy and reliability of credit risk data.
o Maintain and enhance credit risk databases.
Risk Assessment and Reporting:
o Develop comprehensive credit risk reporting frameworks.
o Provide timely and accurate risk reports.
Compliance and Regulatory Adherence:
o Ensure compliance with regulatory requirements.
o Adapt to regulatory changes.
o Lead and develop a high-performing Credit Risk IT team.
o Manage resource allocation and project prioritization.
o Collaborate with Risk Management, Finance, and Operations.
o Act as a liaison between IT and business stakeholders.
o Manage the Credit Risk IT budget.
o Bachelor degree in Computer Science, IT, Finance, Risk Management, or related field.
o Master degree or MBA is highly desirable.
o CFA, FRM, PRM, PMP, ITIL certifications are advantageous.
o Minimum of 10 years in credit risk management with a focus on IT solutions.
o Proven senior leadership experience in financial services.
o Experience in developing and implementing credit risk models – preferably using FIS Adaptiv or
o Proficiency in advanced analytics and data management technologies – preferably using Java
o Experience in strategic planning and execution.
Project Management:
o Experience in managing large-scale IT projects.
o Strong project management skills.
o Ensures regulatory compliance.