Vice President - Singapore Corporate Credit Risk, APAC Credit Department
At a glance
VP-level Risk & Financial Compliance role at Sumitomo Mitsui Banking Corporation. Singapore.
Pay not stated Risk & Financial Compliance salary
financeroles summary, based on the employer's posting.
What you'll do
- Assess credit requests from business units as an independent second-line reviewer
- Challenge proposed deals and decide on approvals, waivers, annual reviews, monitoring and credit grades
- Set action plans for weakening credits to limit credit costs
- Analyze portfolios across corporate groups, industries, commodities, currencies, ESG, internal grades and product types
- Track large-corporate and sector exposures, address concentration concerns, and discuss deal direction with business teams
What you bring
- A bachelor’s degree, preferably in accounting, finance or economics
- At least ten years in credit analysis or a credit approval function
- Strong spoken and written English, with the ability to produce concise credit recommendations
Who this fits
This VP role suits an experienced credit professional who can make independent, neutral decisions and work with business units on risk issues. You’ll need to handle high workloads during peak periods and collaborate closely with colleagues.
From the employer
Part of Credit Department in APAC region responsible for credit risks covering large corporates and institutions in Singapore. This includes:
1) To review and assess various types of credit applications submitted from business units as 2nd line of defense.
2) To make appropriate credit decisions independently and neutrally which include evaluation, challenge, and recommendation/approval in relation to front office proposed deals, waivers, annual reviews, credit monitoring/grading, etc.
3) To establish an adequate action plan for credits likely to deteriorate to minimize credit costs.
4) To conduct credit portfolio analysis in terms of corporate groups, industry risks, commodity price, currency risks, ESG risk, internal grading, type of financial product, etc. from time to time.
5) To monitor and proactively control credit exposures under large corporates and/or certain sectors for increased concern on concentration and industry risks, in cooperation with other relevant teams / departments.
6) To discuss direction of potential deals with business units, ensuring compliance with the Bank’s risk policies, procedures, regulatory compliance standards and risk appetite.
7) Discuss within department and with business units to improve credit risk management, as deemed necessary.
8) Any other duties as may be assigned from time to time.
Requirements
- Bachelor's degree; preferably in accounting, finance or economics
- Minimum 10 years of relevant experience in credit analysis / credit approval department. Knowledge of financial modeling, LBO, PF lending, Structured Finance will be an advantage.
- Excellent communication skills with strong command of English (both written and spoken)
- Solution oriented and ability to prepare clear and concise credit recmmendations
- Strong organization skills with multi-tasking ability.
- A team player and able to work under high volume in peak period
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