Job Overview
Based in Singapore, you will be part of DZ Bank AG's Credit team and report to the Head of Credit Singapore and the Global Head of Credit in Frankfurt, Germany. You will be responsible for the evaluation of the financial standing of prospective clients, existing borrowers of the Branch and customers in the APAC region of Head Office and other branches; prepare credit ratings, credit applications and annual reviews as well as checking of documentation. You will also support the team regarding the introduction of new processes and applications from the Head office.
Key Responsibilities
- Spread Balance Sheet, Profit/Loss & Cashflow Statements and evaluate the financial standing of prospective clients, existing borrowers of the Branch and customers in the Asia Pacific ("APAC") region of the Head Office (Frankfurt/Germany) and other branches.
- Prepare Credit Applications (jointly with the respective Account Manager for new transactions) and annual Credit Reviews, together with Rating for each borrower for approval by relevant Credit Authority, giving an independent assessment and recommendation of the credit, and ensure compliance of DZ Bank AG's Credit Risk Strategies, internal Directives/Rulings, Bundesbank lending regulations (as per the internal Directives/Rulings) and the Monetary Authority Of Singapore's ("MAS") lending regulations.
- Review letters of offers for bilateral facilities and Facility Agreements for Loan Syndications, ensuring terms and conditions are in conformity with the approved credit application before submitting to Head of Credit.
- Liaise with legal counsels and agent banks.
- Monitor and update accounts in the Integrated Risk Management ("IRM") application on a quarterly basis
- Monitor and update accounts rated Special Mention under MAS on a semi-annual basis in the master template.
- Monitor and update financial covenants in SAP and in the Financial Covenant Master Tracker to ensure compliance in accordance with periodicity in Facility Agreement
- Update Trade Finance facilities for Head Office periodically
- Prepare reports as and when required by Management &/or Head Office (e.g., Credit Default report, country, industry, credit or customer profile).
- Ensure proper maintenance of credit files
- Supporting colleagues in Singapore with the introduction of new applications from Head Office (e.g., electronic files, digital credit approval process)
Criteria/Requirements:
- A recognized degree
- Minimum 8 years of relevant experience
- Good Excel and PowerPoint skills
- Excellent communication skills
- Fluency in English and German is required for coordination and implementation of Head Office processes and projects
- High degree of professionalism, flexible and an exceptional team player
- Ability to work independently with good problem-solving skills and decisive
- Able to work under pressure
Kindly note that only shortlisted candidates will be notified.
