Wholesale Risk Specialist
UK Visa Sponsorship Analytics
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About the area:
The Issuer and Underwriting Risk unit sits within the Corporate & Investment Banking (CIB) Risk division and holds global responsibility for the evaluation, management, and oversight of credit and market risk related to issuer exposures and primary market underwriting activities. Its scope covers the end-to-end risk lifecycle—ranging from initial risk appetite definition through transaction structuring, sanctioning, portfolio monitoring, and regulatory reporting. The unit oversees dynamic and high-impact portfolios with exposures exceeding EUR 25 billion, including syndicated loans, bilateral lending, and capital markets underwriting of bonds and other debt instruments. It plays a strategic role in safeguarding the bank's balance sheet while enabling business growth across geographies, leveraging real-time risk analytics, policy frameworks, and cross-functional coordination with trading, origination, and legal teams.
Role Description:
This is a pivotal, first-line-of-defense leadership role operating under the strict purview of the Wholesale Credit Risk Rule and the Loan & Bond Underwriting Frameworks as well as Issuer Risk for CIB´s Global Markets activity.
The successful candidate will take operational responsibility of an end-to-end risk management lifecycle, providing comprehensive global oversight over a highly diversified, dynamically calibrated pipeline. Operating within frameworks that manage aggregate maximum potential exposures exceeding EUR50 billion (nominal) and EUR2 billion (VaR), you will be the definitive voice challenging deal structures, assessing distribution viability, and ensuring the institution’s risk appetite.
Key Responsibilities:
- Deal Structuring & Preemptive Challenge: Act as the primary risk authority during the credit admission process. Rigorously challenge front-office structuring teams on the inclusion of critical risk-mitigating levers—such as pricing/structural flex provisions, Original Issue Discounts (OIDs), and Non-Payment Insurance (NPI)—to ensure asset marketability during volatile, stressed syndication windows.
- Complex Underwriting Oversight: Evaluate and approve highly structured underwriting proposals ranging from large multinational corporate facilities to SPVs for M&A, Leveraged Lending, and Project Finance.
- Dynamic Distribution Strategy: Monitor and enforce risk-adjusted distribution targets. Ensure primary syndication objectives are met, recognizing the dynamic calibration required across asset classes (e.g., maintaining ~66% distribution for IG core clients, scaling up to 90% for aggressive de-risking in Leveraged Lending and TLBs).
What are we looking for?
- Deep Subject Matter Expertise: 8+ years of institutional experience in Wholesale Credit Risk, Syndicated Finance, Leveraged Lending, or Capital Markets Risk. You must intimately understand the mechanics of Term Loans (A/B), RCFs, and Project Finance tranches, Issuer Risk and Debt Capital Markets Syndicate.
- Quantitative & Qualitative Acumen: Fluency in both nominal risk metrics and advanced market risk methodologies (BaU VaR vs. Stressed VaR). You understand how idiosyncratic risks (asset mispricing) and systemic market events translate into capital consumption.
Please note that priority will be given to candidates who are elegible to work in the UK.