Head of Credit Administration & Credit Control recruitment
The Company
Our client is an international and leading wealth management institution serving high net worth and niche corporate and institutional clients worldwide. As an international private bank with offices in key financial centres around the world - and the global resources of one of North America's largest banks - relationships, expertise and choice are just the beginning of what you can expect.
The Role
As the Head of Credit Administration Credit Control you will lead and manage the Credit Admin Credit Control functions in Asia to effectively efficiently support the Bank's WM credit businesses in Asia. You will also be 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.
In addition to overseeing 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.
You will also be conducting 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.
You will be supervising the adherence of credit approval conditions e.g. concentration caps and timely renewals of insurance policies and update of valuations, 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.
Apart from that, you will also 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.
Your Profile
Suitable candidates must possess a degree with a proven Private Banking Brokerage Credit Admin Credit Control experience. You need to have a sound managerial experience in leading managing a team, knowledge of local / Asia central bank reporting requirements is required.
You are an independent thinker with strong understanding of legal / documentation risks as well as well-versed in WM credit control requirements processes. You also have the ability to multi-task and is well-organised and meticulous with strong communication skills and ability to converse in Chinese / Cantonese would be an advantage. You also need to have a sound MS Excel / Word / PowerPoint skills.
Apply Today
Please send your resume, in WORD format and quote reference number HI8183, by clicking the apply button. Please note that only short-listed candidates will be contacted.