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Hi, I have questions on Risk Analyst job description? Could you please explain them?

Hi, I have 5 questions. Could you please answer them for me? The following is part of a job description of Risk Analyst of a retail bank’s risk department. (for Q1-3) [Risk analyst (RA) will be responsible for the development and execution of the risk strategies that will assist our key business partners achieve growth and profitability targets while maintaining the overall risk quality of our retail lending portfolios. Business partners include, Unsecured Lending, Indirect Lending, Real Estate Secured Lending and Small Business Banking.] Q1. I am pretty new to banking, and I do not understand its definition of “Business partners” . I thought what were described as Business partners in the above description should be “Business PRODUCTS/ DEPARTMENTS” instead? How a risk analyst could “partner” with “unsecured lending, indirect lending, real estate secured lending and small business banking” which I believed them to be PRODUCTS/ DEPARTMENTS? I thought business partners should be retail consumers (people), and/or institutional clients (other banks; like one should decide if Bank A should lend to Bank B?) Please correct me. Q2. In addition, I thought retail lending portfolios include “Unsecured Lending, Indirect Lending, Real Estate Secured Lending and Small Business Banking” instead of Business partners include them? But obviously, here says maintaining Retail Lending Portfolios is another responsibility in addition to assist our key Business Partners achieve growth and profitability targets. Q3. How RA could help key Business Partners achieve growth and profitability targets (sounds like sales to me) while I believed his/her job is to analyse if a bank is bearing too much loans? Another job description: [Support customer segmentation development that improves the underwriting process, enhance the portfolio’s risk-reward profile and are within the bank’s risk appetite] (for Q4) Q4. Does this mean RA should help assess the eligibility of a customer to receive their products? I found wiki definition on Underwriting is Underwriting refers to the process that a large financial service provider (bank, insurer, investment house) uses to assess the eligibility of a customer to receive their products (equity capital, insurance, mortgage, or credit). Q5. How to forecast loss rates, approval rates, response rates, utilization rates, and credit quality? Thank you very very very much in advance!!!

Asked By: New - 2/5/2013
Best Answer - Chosen by Asker
As a Risk Analyst, it will be your job to partner with your peers in other departments, like Marketing who develop new loan products to ensure the portfolios are profitable both short-term and more importantly in the long-term. Marketing ( and I know from years of experience ) may have 40M to grow certain product... More
Answered By: Susan - 2/6/2013
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