VP- Credit (Singapore)

This role is responsible for analyzing and recommending acceptance/rejection of credit proposals (new/annual/interim) within the Credit function. The role holder is also accountable for on-going monitoring and ensuring compliance with the credit policies and guidelines, in accordance with internal roles and responsibilities framework. The role also involves supporting the Head of Credit, Asia (Excluding India), in the formulation and implementation of the portfolio strategy.

KEY ACCOUNTABILITIES:

Credit:

• Provide credit and risk leadership across highly complex new markets.
• Managing a set of assigned portfolio of Asia Corporates, high value, large sized clients especially Group relationships engaged in diversified business activities. This position handles larger Investment Bank clients as well as large Corporate Banking clients and the financial impact (credit impairment and/or losses) of this job is medium to high.
• Provide input to the Product and RM teams to ensure transactions are robustly structured in accordance with credit policies.
• Ability to present complicated Credit Presentations for Leverage Finance, Real Estate and Project Finance. This job requires a high level of independence and output of this job is always of high quality and assurance.
• Ensure portfolio quality through the rapid build-up phase. Proactive monitoring of credits for early problem recognition, within the framework of the Roles & Responsibilities for such on-going monitoring.
• Independently coordinating with internal customers (Internal Audit and Compliance) and regulators (e.g. MAS, Bank Negara, etc.) to ensure adherence to guidelines and that all requests are attended to in a prompt and professional manner.
• Responsible for monitoring and guiding team members on any special assignments/ projects handled by the team to ensure their timely execution/completion.

Policies, Systems, Processes & Procedures

• Develop and lead the implementation of functional policies, systems, processes, procedures and controls covering all areas of assigned function so that all relevant procedural/legislative requirements are fulfilled while delivering a quality, cost-effective service in a consistent manner.
• Lead the effective collaboration with all functional heads to facilitate effective development and implementation of credit policies and procedures for assigned function in accord with defined strategy.

Internal Collaboration

• Build a strong relationship with local Business Lines.
• Develop and maintain close working relationship with all business, overseas units and support units in Asia and in Head Office in supporting business initiatives and growth.
• Develop collaborative culture and promote cohesiveness among stakeholders in delivering quality services to internal and external customers.

Additional context:

• Adopt FAB policies and implement them within the local regulatory framework – identify and modify any policies conflicting with local regulations. Also, draft local policy addendums and standard operating procedures, in line with local regulations and group policies.
• Implement, monitor and provide input into the development of industry segment matrices, including target market, risk acceptance criteria, etc.
• Actively work towards developing consistent & concise credit proposals, directed towards covering key sectoral/ industry/ specific counterparty risks.
• Highlight and recommend appropriate actions in relation to adverse market developments.
• Evaluate and monitor complex multi-product transactions including gm/ structured lending/ trade & structured trade.
• Evaluate new to bank clients and sectors that pose specific challenges –ability to evaluate new sectors and clients is key.
• Ensure timely submission of annual reviews.
• Support remedial management and monitor delinquencies, coordinate with crd as required.
• Determine and assess adequacy for provisions.
• Monitor portfolio and credits against specific portfolio metrics, minimize and reduce npls – manage the audit process and special projects.
• Interpret and opine on credit aspects of complex legal documents and agreements.
• Support Singapore and Asia business growth.
• Provide ongoing training to credit and business departments.
• To manage and review various risk related projects, i.e. Industry concentration risk, environmental social governance framework, etc.

The incumbent needs to be comfortable partnering with senior business counterparts in originating and monitoring large complex cross-border transactions and providing support to Head of Credit – Asia (excluding India) Officer, Asia in managing a diverse and complex portfolio.

Specific credit and market experience is a key requirement.

• Over 17 years of Credit experience with international banks.
• Degree in Business, Accounting, Finance or relevant discipline.
• Good understanding of Asia Specialised credit industry, market and landscape is mandatory.
• Expert knowledge and proven track records of Structured Finance including Project Finance, Leverage Finance and Real Estate Finance
• Familiar with banking industry practices, guidelines and code of conduct.
• Able to manage and communicate effectively with regulators and auditors.
• Mandarin knowledge is a plus with command over excellent English spoken and writing skills – with access to regional market intelligence.
• Managerial experience – requirement to be both a team player and a leader and with substantial experience in managing teams.
• Strong project management skills and ability to translate desired business concepts to actual processes for implementation.
• Strong power of articulation and presentation both in the preparation of policies and presentation of the same to Senior Management.