Singapore Job Openings

The Edge Partnership

VP Credit Risk (Counterparty Credit Risk)

FULL TIME

November 19, 2024

Posted by

Sophia Lin

Recruiter

Our client, a well- established global bank with a strong presence in Asia. The Bank is looking for a VP – Credit Risk Manager to join them. This role is pivotal in ensuring the integrity of the company’s operations and establishing standards. This role will report into Head of Credit Risk based in the Europe.

Risk Management

Responsible for identifying, assessing, monitoring, controlling and mitigating risks to the Group. Also, an awareness and understanding of the main risks facing the Group and the role the individual plays in managing them
the ability to interpret the Group's financial information, identify key issues based on this information and put in place appropriate controls and measures
Manage risk exposures of Real Money Funds & Hedge Funds portfolio. Provide early warning and identify deteriorating credits. Manage exposure down as required.
Ensure risk identification, measurement, reporting, and modelling capabilities are objective, consistent, and compliant with applicable regulations
Ensure that material risk exposures and related issues are reported to the SCO RMF&HF Risk
Ensuring that the quality of Business Credit Applications (BCAs) meets Group standards, particularly with regards to the completeness and depth of risk analysis.
Approving breaches of Portfolio Guidelines / Underwriting Guidelines, to the extent permitted under Credit Policy / Portfolio Guidelines.
Ensuring timely submission and accuracy of credit portfolio data to the relevant stakeholder
Monitoring compliance with Credit Policy and Portfolio Guidelines / Underwriting Guidelines periodically and reviewing any divergence thereof with the SCO RMF&HF Risk
Ensure EAR process is adhered to. Assist relationship managers in identification and managing up or out of accounts exhibiting signs of deterioration and assist Special Assets Group, where appropriate, in managing accounts to maximise recoveries and minimise losses.
Initiate stress tests as required by internal and external factors and review results and assess their implications
Uphold the integrity of risk/return decisions, by challenging business to demonstrate that risk origination and control decisions are properly informed and consistent with strategy
Continuously improve the operational efficiency and effectiveness of Credit Control and Reporting with regards to RMF & HF.
Ensure effective management of operational risks with respect to RMF&HF Risk management functions and compliance with applicable internal policies, and external laws and regulations
Ensure appropriate judgement is applied in the discharge of risk authorities assigned to the jobholder
Maintain a good understanding of the requirements of key external stakeholders in respect of risk management and ensure these are well understood internally and reflected in internal procedures
Participate in key committees in the absence of the Global Head of RMF&HF Risk in SCO RMF&HF Risk Asia capacity.
Ensure first line process owners understand and accept their risk management responsibilities
Maintain an open and cooperative relationship in dealings with regulators in the absence of the SCO RMF&HF Risk Asia.

Governance

Implement the overall Risk Management Framework and Global Underwriting Guidelines for RMF&HF and oversee their effective application.
In the absence of the SCO RMF&HF Risk ASIA, attend the Risk Committee, Credit Issues Forum, and Underwriting Committee to provide input to the committees on arising risk issues and new policies and processes as required.
Maintain an open and cooperative relationship in dealings with regulators and auditors.
In the SCO RMF&HF Risk ASIA, absence, attend all risk management and controls committees, as applicable.

Skills/Qualifications

Have a Bachelor's or Master's university degree in a relevant field, Finance, Technology, Engineering, Sciences
10+ Years of experience in Credit Risk – Real Monies , Hedge Funds
Knowledge of various financial products e.g Interest rate derivative, Commodities, FX, Credit, Repo )
Experience with Legal Documentations(ISDA/CSA/GMRA) negotiations
Experience with client due diligence
Familiar with initial margin setup
C&I Credit Risk

Please email your cv directly in word format with job reference no. 13980 to corporategovernance@theedgepartnership.com
Please note that due to the high number of applications only shortlisted candidates will be contacted. We regret to inform you that your application for this position was unsuccessful if you do not hear from us in the next 5 business days.
EA Licence: 16S8131
Recruiter Licence: R22104669

Job ID JOB - 13080

ABOUT COMPANY

The Edge Partnership

Singapore

HR & Recruitment

Our Mission To recognise that no asset is as powerful to a company as the right person in the right job at the right time. A company’s greatest asset ...

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