The Credit Risk Management (CRM) department provides independent credit risk management and oversight for the Firm and engages with Business Units to ensure that credit risk assessments are factored into business decisions. CRM evaluates credit risk transactions and approves, rejects or modifies them, considering the availability and appropriateness of arrangements for reducing risk (through netting, hedging, loan participations) or risk mitigation (guarantees, collateral, financial covenants). The department assigns Internal Credit Ratings, establishes and manages credit risk limits in accordance with the risk tolerance established by the Board, and monitors and reports on credit risk exposures on a regular basis to the Chief Risk Officer and to senior management.
Target Audience: Juniors
Suggested Attire: Business Formal