Job Requirements:
- Assess the creditworthiness of SMEs or Individuals in applying for loans or credit by analysing financial statements, credit reports, and other relevant data
- Evaluate the potential risks associated with extending credit to customers or counterparties, considering factors such as their payment history, financial stability, industry trends, and economic conditions
- Develop and implement credit risk policies and procedures to ensure consistent and effective risk management practices across the organization
- Develop or utilize credit scoring models to quantify credit risk and make informed lending decisions
- Monitor and manage the organization's credit portfolio, including identifying emerging risks, assessing portfolio performance, and implementing strategies to mitigate risk
- Ensure compliance with relevant regulations and guidelines governing credit risk management, such as Basel III requirements or local regulatory standards
- Communicate credit risk assessments and recommendations to senior management, stakeholders, and relevant departments within the organization
- Make credit decisions, including approving or rejecting credit applications, setting credit limits, and negotiating terms and conditions of credit agreements
Job Requirements:
- A Bachelor's Degree in finance, economics or accounting
- 8-10 years' experience in credit risk analysis, underwriting, or portfolio management is often required, with increasingly responsible roles demonstrating a progression of skills and knowledge
- Strong analytical skills are essential for evaluating financial data, assessing risk factors, and developing effective risk management strategies
- A solid understanding of financial principles, including accounting, financial statement analysis, and credit risk metrics, is necessary for success in this role
- Familiarity with credit risk management concepts, methodologies, and best practices is essential, along with an understanding of regulatory requirements and industry standards
- Effective communication skills are important for conveying complex information, presenting recommendations, and collaborating with cross- functional teams
- The ability to pay attention to detail is crucial for accurately assessing credit applications, identifying risk factors, and ensuring compliance with policies and regulations
- Strong decision-making skills are needed to evaluate credit risk factors, weigh potential outcomes, and make informed lending decisions that align with the organization's risk appetite and objectives
- Proficiency in relevant software tools and systems used for credit analysis, risk modeling, and portfolio management is often required
- Demonstrate integrity and ethical conduct in their decision-making processes, ensuring fairness and transparency in credit evaluations and lending practices
- Strong command of verbal and written communication
Other Information:
- Salary: $6,000 to $8,000 monthly
- Working schedule: 5 days work week
Vault Personnel Pte Ltd
EA Licence No: 20C0275
Tan Li Yen
Registration Number: R23115268
