Credit Monitoring Analyst

Job Description

Essential Services: Role & Location fungibility

The role descriptions give you an overview of the responsibilities; it is only directional and guiding in nature. At ICICI Bank, we believe in serving our customers beyond our role definition, product boundaries, and domain limitations through our philosophy of customer 360-degree. In essence, this captures our belief in serving the entire banking needs of our customers as One Bank, One Team. To achieve this, employees at ICICI Bank are expected to be role and location-fungible with the understanding that Banking is an essential service.

Credit Monitoring Analyst Role

The Credit Monitoring Analyst is responsible for the comprehensive credit monitoring of the portfolio across diverse business segments. This role entails financial analysis, borrower conduct analysis, and the assessment of market indicators and external events. The ideal candidate will demonstrate robust analytical capabilities and proficiency in identifying early signs of stress within the portfolio, and highlighting the same to the business, credit, and risk teams.

Key Responsibilities:

·         Monitor the Wholesale Banking and Business Banking portfolios

·         Identify potential credit deterioration or weakening by analysing various internal alerts, including transactional, behavioural financial, and external alerts such as market-related news and highlighting the same to the business, credit, and risk teams

·         Possess a fundamental understanding of financial documents such as annual reports, CMA, stock, and book debts statements to conduct meaningful assessments of borrower businesses

·         Convene periodic health council meetings for identified borrowers, ensuring the complete closure of the loop in terms of actionable items, timelines, and feedback

·         Publish regular reports to senior management on portfolio quality, delinquency, behaviour, and other relevant metrics

·         Collaborate closely with the credit, risk, and IT teams to enhance the utilization of technology in credit monitoring, controls, and reporting

·         Address internal and RBI audit-related queries pertaining to the credit monitoring process

Key Qualifications and Skills:

·         Educational Qualification: CA/MBA

·         Good knowledge in credit products and processes

·         Analytical aptitude and familiarity with banking regulations and credit risk management practices

·         Good communication and presentation skills

·         Detail-oriented with problem-solving abilities

About the Business Group:

The Credit Monitoring Group is entrusted with the responsibility of monitoring the portfolio across various business segments. The group's primary objective is to identify potential credit deterioration or weakening by analysing diverse internal alerts, including transactional, behavioural, financial, and external alerts such as market-related news. The team collaborates closely with DSAG to develop credit models based on historical data using advanced statistical and data analytics techniques. The timely detection of credit deterioration empowers the business, credit, and risk teams to make well-informed decisions, enabling the timely exit from borrowers and the mitigation of potential credit losses.

Furthermore, the credit monitoring team is also responsible for administering the early warning signal framework and system in close coordination with key stakeholders such as IT, DSAG, Credit, Risk, and Business.