The Credit Risk Analyst is responsible for executing credit risk policies, procedures and processes to enable successful management of credit risks for the organisation. He/She supports the risk rating and limit setting process through credit portfolio, credit application and credit transaction reviews. He is responsible for providing independent credit opinion on new loan proposals and any subsequent variation requests. He assesses and monitor risks of assigned loan portfolio by way of news monitoring, periodic reviews and internal ratings.
The Credit Risk Analyst has strong exposure to and understanding of credit analysis methodologies and credit risk management regulations. He is able to work independently with minimum supervision, and is a strong communicator and influencer who can work in a fast-paced environment. He possesses strong analytical and critical thinking skills, and an eye for detail.
Key Tasks/Main Responsibilities
Develop and maintain credit risk policies
- Execute credit risk policies and procedures
- Ensure the alignment of operational practices to articulated credit risk positions
- Identify emerging market trends and regulations which may impact credit risk and policies
- Address queries related to credit risk policies and procedures
- Maintain credit risk-related documentation and resources on credit risk policies
- Practice responsible lending and credit activities by assessing Environmental, Social and Governance factors in credit-related approvals and reviews
Conduct credit risk assessment and management activities
- Utilise credit models to identify expected loan loss and other risks
- Perform periodic checks, security monitoring, portfolio reviews and regular compliance checks, and keep management abreast of early material warning signals
- Identify loans for inclusion within workout strategies
- Monitor accounts with flagged indicators for credit default and/or missed payments
- Process waiver and amendment requests and provide independent recommendation to management
Manage credit portfolios within credit risk appetite and limits
- Develop expertise in the assigned business segment in order to be able to provide independent recommendation
- Work closely with assigned business segment units in the conduct of credit activity
- Monitor and document key success measures for credit risk protection to identify possible inadequacies
- Support the execution of credit approval processes
- Generate financial ratios to evaluate client's financial status
- Identify market conditions and/or trends and their possible impact to the organisation's credit risk exposure and appetite
- Evaluate and analyse client accounts to determine suitable credit recovery plans
Review and rate counterparty risk applications
- Execute counterparty risk assessment steps and due diligence checks in accordance with guidelines
- Collect counterparty risk information and conduct preliminary risk assessments
- Review letters of credit when required
- Gather information and data to review credit rating triggers and break clauses for applications
- Conduct preliminary reviews on financial and credit transactions
- Confer with credit associations and other business representatives to exchange credit information
Monitor and report on credit risk portfolios
- Monitor loan portfolio quality by way of news monitoring, periodic reviews and ensure current loan loss provisions, internal ratings and account grading reflect the current state of the credit/ asset quality
- Highlight potential credit risks by monitoring early warning indicators
- Participate in the quarterly portfolio review exercise for the region and ensure follow-up of identified actions
- Participate in local credit committee meetings to deliberate on new credit applications while ensuring pertinent questions are raised and responded
- Identify changing regulations or industry developments which can improve early warning systems
- Support analysts in the preparation of contracts, credit reports and other loan transaction documents in accordance with credit risk policies
- Draft credit-related reports detailing deviations from set credit limits, counterparty ratings, exposures and concentrations
- Examine past financial records against current loan portfolio performance to identify patterns and trends
Requirements
- Minimum Bachelor’s Degree in Banking and Finance or Accounting related
- Minimum 3 years of relevant working experience
- Good report writing, communication and interpersonal skills is necessary
- Able to work in a team as well as independently with minimal supervision
- Proficient computer skills, including Microsoft Office (Word, Powerpoint and Excel)
