Deputy Head/ Team Lead, Credit and Risk Control recruitment

Reporting to: Head of Credit Risk Control

Functional Manager:     i. Credit Management, Group Credit
                                         ii. Trading Risk Management, CMP Financial Risk Control (FRC)

Requirements:
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

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)
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

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
•    Provide materials required by auditors or regulators

Requirements:
•    Degree in Accounting/ Banking/ Finance with min 10yrs in Credit and Market Risk Management, Transactional monitoring for AML risks
•    Good oral and written communication skills in English and Mandarin (professional level)
•    Proficient in MS Excel, PowerPoint, Word, VBA or SQL a plus
•    Understanding of financial instruments, market risk management, funding liquidity, banking regulations and sanctions

**Send your updated CV with recent photograph (for phone intrw, if any) to mei@ca-search.com for immediate considerations. This role is only available for Singapore job market and candidates presently in Singapore. I regrets only shortlisted candidates will be notified.