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At ABB, we help industries outrun - leaner and cleaner. Here, progress is an expectation - for you, your team, and the world. As a global market leader, we’ll give you what you need to make it happen. It won’t always be easy, growing takes grit. But at ABB, you’ll never run alone. Run what runs the world.
This Position reports to :
Head of Global Credit Risk Management, Order to Cash
Provide strong support to Head GCRM in maintaining and improving the group-wide sustainable credit risk management, proactively manage ABB’s credit risks while remaining ahead of the curve in terms of latest developments on risks, risk metrics and reporting.
As part of GCRM team, being responsible to conduct research and provide fundamental analysis and initial recommendation as part of credit risk approval documentation on large customers and other high impact counterparties, including partners and suppliers, financial institutions (core and non-core banks, insurance companies and commercial paper issuers), alongside sovereign / country credit risk as well as industry risks as required from time to time.
Support and co-ordinate credit risk related activities under leadership of, and as assigned by Team Leader of GCRM India Operations.
ABB Group key counterparties and others upon request by Head GCRM.
Contribute to GCRM annual review process for key customers, for financial counterparties, key impact suppliers and other counterparties.
Identifying capacity for ABB sales and sales growth based on financial status and disclosed planned capital expenditures.
Contribute to GCRM analysis of credit risk on potential major deals in pre-bid process not limited to research and investigation into regulatory framework.
Perform part of detailed country risk analysis, selection as defined by Head GCRM and for various stakeholders responding to special requests, e.g., FDI, factory expansions and payment security.
Support the Team Leader of GCRM India Operations at his request in performing or reviewing analyses done by country credit managers or local controllers, including part of credit applications received for projects as of ≥ USD 10 million.
Review and analyse bank risk requests received from the country treasury organization of ABB Group via GCRM web-based Credit Risk Platform for Banks (“CRISP”). Maintain and update functionality and data quality and liaise with the external data provider and ABB information systems team as appropriate.
Provide stewardship to the Country Credit Managers on credit risk-related matters, training and guidelines as deemed appropriate and as required liaise with Team Leader of GCRM India Operations or Head GCRM, as appropriate.
Support Country Credit Committees and Treasury organizations on credit-risk related matters. Primarily use of ABB common communication tools, but also, if absolutely necessary be willing to travel to the relevant country. The latter requires request and guidance from Head GCRM and approval as per prevailing standard process.
Ensure sharing of information across the GCRM team, credit management community and with the business as appropriate and mandated by Team Leader of GCRM India Operations or Head GCRM, while taking confidentiality / sensitivity of information into consideration.
Prepare material for presentations (e.g., Global Credit Committee; Corporate CFO), data analytics and statistics, upon request of Head GCRM and maintain internal communications platforms.
Provide snapshots / summary to the key stakeholders, upon request or approval of Head GCRM.
Contribute to develop, maintain and upgrade GCRM’s tools (e.g., financial screeners, templates, dashboards, processes, ‘Early warning systems’ for third party credit risks & country risks). Also be a source of proposals to Head GCRM to continuously optimize practices to gain efficiencies and deliver high quality services.
Collect data from the credit management community and associated Corporate functions, data correction and harmonization. Support the Team Leader of GCRM India Operations or Head GCRM in recommending and implementing actions with country-based Credit organizations to improve quality of input data.
Support in monitoring key performance indicators such as credit exposures, limits, past dues and potential bad debt.
Your role and responsibilities (Mandatory)
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Credit Risk • India