Deputy Head of Credit & Risk Control recruitment

Responsibility

(I) Credit Control

Develop and implement policies and procedures, consistent with Company's overall credit risk and control policies and procedures
Review all credit proposals and annual reviews to ensure that the credit memorandums are prepared in accordance with the guidelines
Act as secretary cum member in the Local Credit Committee and filing of the approved credit memorandums
Monitor annual review status for all corporate customers, regional country and bank reviews
Daily review on limits excesses for customers, countries and banks
Report excesses, irregularities and other special requests to the Local Credit Committee
Review and approve derivative limit forms submitted by Relationship Managers for the input of approved derivative limits into the system
Review and approve all trade confirmations against country and bank limits
Update the observation/ watch list on observation, special?mentioned and risk classified credits in accordance to Local and Head Office guidelines
Monitor the level of specific provisions
Conduct sampling reviews of call reports of Relationship Managers
Conduct sampling reviews of covenants compliance as prepared by Relationship Managers
Coordinate Head Office reporting / approvals, whenever necessary
Disseminate credit information to all staff
Ensure timely reporting to Head Office

(II) Treasury Market Risk Control

Participate in the development of the manual for FICC Markets and Treasury Group Funding (Singapore Branch).
Periodic review the manual for FICC Markets and Treasury Group Funding (Singapore Branch).
Implement the monitoring/ reporting for FICC Markets and Treasury Group Funding (Singapore Branch).

(III) Insourcing of FX Spot monitoring from New York Branch

Perform the specified tasks as per Service Agreement
Continuous monitoring of the Trading and Treasury activities during Asian trading hours
Run risk analysis report at specified intervals daily
Contact Global Market Head for the respective business if limits are breached

IV) Anti-money laundering

Perform transaction monitoring and approval through screening prior to releasing payments, trade finance transactions, loans, reporting to RCO any suspicious transactions
Perform checks on customer due diligence (“KYC”) documents collated by Customer Support Unit
Monitor for prompt review of AML risk rating
Initiate requests to RCO for clarifying internal policies for compliance with regulations and sanctions.
Providing materials required by auditors or regulators

Other Qualifications

Degree in Accounting/ Banking/ Finance
English and Mandarin – written and spoken (professional level)
Good oral and written communication skills
Proficient in MS Excel, PowerPoint, Word, VBA or SQL a plus
8 years or more in Credit and Market Risk Management, Transactional monitoring for AML risks
Understanding of financial instruments, market risk management, funding liquidity, banking regulations and sanctions

If you are interested in this role, please contact Tony at tony.wang@bgc-group.com or 66029776

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