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Risk Specialist - Credit Monitoring & Control (Manager)

Employer
Bank of Singapore
Location
Singapore, Singapore
Salary
Competitive
Closing date
Dec 13, 2023

View more

Job Function
Risk Management
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
At Bank of Singapore, we are constantly on the lookout for exceptional individuals to join our team. We promote a culture of openness, teamwork and fairness. Most importantly, we invest in our people through our programmes that develop them on both professional and personal levels. Besides attractive remuneration packages, we offer non-financial benefits and opportunities to develop your potential within OCBC Group's global network of subsidiaries and offices. If you have passion, drive and the will to succeed, rise to the challenge today!

Job Attributes
  • Daily monitoring of credit / regulatory violations (margin shortfalls, limit excesses, including unauthorized violations) for Singapore and Hong Kong booking centres; follow up with Front Office till resolution
  • Ensure that credit violations are escalated and reported in a timely manner to the relevant parties
  • Maintain accurate records of margin exceptions approved and ensure timely follow up when due for renewals; provide timely submission of internal charges borne by Front Office
  • Prepare and issue margin call, demand and/or ad-hoc credit letters
  • Monitor and track post drawdown conditions, ensuring appropriate and timely
  • escalations to the relevant parties
  • Collate and send MIS reports to senior management
  • Review and calculate portfolio transfer requests and redemption requests
  • Perform and authorise data inputs in various auxiliary credit systems
  • Prepare reports on periodic or on-demand basis for dissemination to internal stakeholders
  • Assist with the review of and update of procedures and guides
  • Provide effective support for queries from Front Office
  • Participate and contribute to the firm-wide initiatives on re-engineering risk management and improvements on reports and processes

Qualifications

Requirements

Education
  • Preferably graduate degree in banking/finance but not absolutely necessary provided candidate has the relevant experience
Experience
  • Candidate should have minimum 3 years of experience in a monitoring function
  • Candidates with experience in counterparty limit monitoring is an advantage
  • Experience in private banking credit monitoring is an advantage
Skills
  • Understand the credit end-to-end life cycle
  • Demonstrate interest in the financial markets and good understanding of risk and control concepts
  • Able to prioritise, organize and work independently
  • Demonstrate flexibility and willingness to accept new assignment and challenges in a rapidly changing environment
  • Sound knowledge of Microsoft applications is a pre-requisite, and knowledge of Power BI is an advantage

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