Head, Credit Admin & Control – Asia recruitment
Head of Credit Admin Credit Control, WM Asia, (Based in Singapore)
Job description
- To lead and manage the Credit Admin Credit Control functions in Asia to effectively efficiently support the Bank’s WM credit businesses in Asia.
- Responsible for oversight and running of WM Asia’s Credit Admin Credit Risk Monitoring, Control and Reporting activities to ensure that the Bank’s legal security interests/rights are fully safeguarded in our lending activities and that all related credit exposures are duly monitored and managed in full accordance with the Bank’s policies and relevant credit approval conditions.
- To oversee daily end-to-end credit admin duties on documentation, maintenance of credit limits in the system, management of collateral linkages for credit facilities and review control of outstanding documentation. This responsibility will require the position to liaise with external parties such as legal counsels, property valuers/appraisers, insurance companies etc.
- To conduct daily periodic review of all credit accounts positions e.g, limit excess collateral shortfall positions to ensure that any irregularity in the accounts are identified flagged to the appropriate parties for prompt action, including adherence to approved rectification plans.
- Supervise the adherence of credit approval conditions eg concentration caps and timely renewals of insurance policies and update of valuations.
- Responsibility to achieve an in-depth understanding of all credit risk related operating systems with aim to identify system gaps for enhancement to provide better credit control increase productivity.
- Will generate, develop and/or review all relevant local, HO Regulatory credit risk reporting as well as ad-hoc specific reporting requirements.
- With ownership accountability for the WM Asia Credit Admin Credit Control policies, processes and procedures, the team will undertake periodic and/or ad hoc review and changes (where necessary) of its operating platform including but not limited to legal opinions, documentation formats, credit control capabilities and system requirements.
- Obtain a ‘satisfactory’ audit rating in credit admin credit control.
- Active participation in credit product development, providing critical input and value-add from Credit Admin Credit Control perspective.
Pre-requisites
- Tertiary education with at least 10 years Private Banking Brokerage Credit Admin Credit Control experience
- Sound managerial experience in leading managing a team
- Knowledge of local/Asia central bank reporting requirements is required.
- Independent thinker with strong understanding of legal/documentation risks as well as well-versed in WM credit control requirements processes.
- Ability to multi-task and is well-organised and meticulous.
- Good communication skills and ability to converse in Chinese/Cantonese would be an advantage.
- Sound MS Excel/Word/Powerpoint skills.
March 10, 2011
• Tags: Asia recruitment, Credit Admin & Control, Head, Private Banking, Wealth Management careers in the Singapore • Posted in: Financial