VP, Credit Risk Manager, Financial Institution Credit Risk Management

Employer
OCBC Bank
Location
Singapore, Singapore
Salary
Competitive
Posted
19 Nov 2022
Closes
03 Dec 2022
Ref
17828162
Job Function
Banking
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
OCBC Bank is the longest established Singapore bank, formed in 1932 from the merger of three local banks, the oldest of which was founded in 1912. It is now the second largest financial services group in Southeast Asia by assets and one of the world's most highly-rated banks, with an Aa1 rating from Moody's. Recognised for its financial strength and stability, OCBC Bank is consistently ranked among the World's Top 50 Safest Banks by Global Finance and has been named Best Managed Bank in Singapore by The Asian Banker.

Division Description
Group Risk Management (GRM) is an independent function responsible for ensuring that risk management practices at OCBC Bank are effective and comprehensive.
GRM builds and drives the Bank's businesses through an integrated risk management approach relying on strong risk analytics to support strategic business decision-making and to create a competitive edge for the Group.

Key Responsibilities
  • Responsible for the pro-active risk management of a portfolio of regional and global accounts comprising Banks/Non-bank Financial Institutions (NBFIs) in Singapore, Indonesia, Japan, Sri Lanka. This includes the Group's subsidiaries.
  • Assess appropriate credit limits during credit propositions, annual renewals and transactional requests submitted by Business Units (BUs) in a timely manner. BUs include Global Financial Institutions, Global Trade Finance and Global Treasury.
  • Present credit submissions in a clear and concise manner and recommend changes to risk acceptance criteria, where necessary.
  • Manage credit portfolio amid evolving changes in market dynamics and escalate credit concerns/issues to management where required.
  • Be well-versed with the Bank's credit policies and procedures and their changes and recommend credit policy changes, as required. Participate in the development of risk management standards/governance, procedures and processes where required.
  • Perform regular regulatory stress-test on portfolios under credit coverage and ad-hoc portfolio reviews/stress tests where required.
  • Ensure new transactions and credit renewals meet OCBC's risk acceptance criteria, risk policies and procedures, as well as regulatory requirements.
  • Work with Business Units (such as Global Financial Institutions, Global Treasury) to structure credit facilities that mitigate the credit risks inherent in derivatives and other trading floor / treasury business products. These would include credit facilities extended by Group's subsidiaries.
  • Work in strong partnership with dealers/traders to understand business requirements and structure credit facilities to meet those specifications.
  • Respond quickly and professionally to requests from the trading floor for limit excess approvals during pre-deal credit limit checks.
  • Negotiate credit terms in loan agreements, ISDA/CSA, GMRA and GMSLA.
  • Lead, guide and mentor junior credit analysts.


Qualifications
The ideal Candidate will meet the following requirements:
  • Candidate should minimally possess a good degree from a recognized university.
  • At least 12 years of relevant credit experience with focus on Banks/NBFIs.
  • Strong knowledge of and experience in credit analysis and treasury products.
  • Strong analytical skills with extensive experience in analyzing financial statements.
  • Strong team player who demonstrates ability to adapt and work in a team.
  • Ability to express opinions, engage discussions with BUs and work in a fast-paced environment.
  • Knowledge in ISDA/CSA, GMRA, GMSLA
  • Excellent written and interpersonal communication skills.

At OCBC, we recognise your drive, passion and talent. We will bring out the best in you and empower you to excel. Fulfil your life goals and career ambitions with us.

*We regret that only shortlisted Candidates will be notified.
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