Credit & Counterparty Risk VP

Role Purpose Reporting to the Head of Credit & Country Risk, the Vice President - Credit & Counterparty Risk is a senior member of the Credit & Country Risk team, responsible for leading complex credit, counterparty and country risk assessments, overseeing ongoing portfolio monitoring activities and supporting the continuous enhancement of the Bank's risk management framework.  The role combines strong analytical capability with technical leadership, independent judgement and stakeholder engagement. The successful candidate will provide expert challenge across a broad range of counterparties, products and jurisdictions, whilst mentoring junior colleagues and contributing to strategic initiatives across the risk function.  The role has a particular focus on counterparty credit risk arising from treasury and FX activities, including derivatives, and will play an important role in supporting the Bank's evolving derivatives, exposure measurement and portfolio risk management capabilities.  Role Responsibilities   Credit & Counterparty Risk   • Lead the preparation and review of credit applications, annual reviews and risk assessments across a broad range of counterparties, including Financial Institutions, Central Banks, NBFIs, Corporates, NGOs and International Development Organisations.   • Provide clear, balanced and commercially aware recommendations to approving authorities, exercising independent judgement on complex, material or higher-risk transactions.  • Act as a senior technical mentor, ensuring consistency, quality and robustness of risk assessments produced within the team.  • Support transaction structuring discussions and provide independent challenge on credit, counterparty and country risk considerations.  • Contribute to the ongoing development of credit methodologies, risk appetite frameworks and underwriting standards.  Portfolio Monitoring & Risk Oversight   • Lead the ongoing monitoring of the Bank's credit and counterparty risk portfolio, identifying emerging risks, adverse trends and concentrations.  • Monitor counterparty performance, financial condition, limit utilisation and early warning indicators, ensuring that material issues are identified and escalated appropriately.  • Oversee watchlist and heightened monitoring processes for higher-risk counterparties and exposures.  • Perform portfolio analysis to identify sector, geographical, product and counterparty concentrations.  • Lead the production and interpretation of portfolio reporting, management information and risk insights for senior management and governance committees.  • Recommend risk mitigation actions where deterioration in credit quality or adverse developments are identified.  Derivatives & Counterparty Credit Risk   • Act as a subject matter expert on counterparty credit risk arising from treasury and FX activities, including derivatives.  • Support the continued development of the Bank's counterparty credit risk framework, including exposure measurement methodologies, negotiation of legal documentations, credit monitoring capabilities, limit frameworks and management information.  • Partner with Front Office, Treasury, Prudential Risk, Finance and other stakeholders to ensure that exposure measurement, limit frameworks and risk management practices remain fit for purpose.  • Provide independent challenge and guidance on derivative transactions, counterparty structures and credit risk mitigation techniques.  Country Risk   • Lead the assessment and periodic review of country risks across emerging and frontier markets relevant to the Bank's activities.  • Evaluate sovereign, macroeconomic, political, banking sector, FX, structural and financial crime risk factors and their implications for the Bank's risk profile.  • S