RESPONSIBILITIES:
- 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.
REQUIREMENTS:
- Preferrably 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.
- 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.
- 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.
How to apply:
Submit your application by emailing a detailed copy of your updated Resume in MS Word Format to Cesky Ong Zhi Rong (EA Personnel Reg. No. R24121422, Achieve Career Consultant Pte Ltd EA Licence No. 05C3451) by clicking the “Apply Now” or contact Cesky at Cesky[email protected] or 9061 0702 for a confidential discussion.
