Risk Specialist - Credit Monitoring (6 months contract) Risk Specialist - Credit Monitoring (6 months  …

Bank of Singapore
in Singapore
Contract, Full time
Be the first to apply
Bank of Singapore
in Singapore
Contract, Full time
Be the first to apply
Risk Specialist - Credit Monitoring (6 months contract)
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 (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 in a timely manner to the right parties
  • Maintain accurate records of margin exceptions approved and ensure timely follow up when due for renewals. Review list with credit approvers on a regular basis to ensure that limits are utilised appropriately
  • Prepare and issue margin call, demand and/or ad-hoc credit letters
  • Daily monitoring of the bank's counterparty limits and exposures; ensure that breaches are escalated to counterparty risk manager timely and assist with trade investigation
  • Monitor and track post drawdown conditions, ensuring appropriate escalations are effected timely
  • Review conditions and recommend monitoring mechanisms in order to mitigate risks highlighted by credit approvers
  • Provide input so as to create meaningful MIS reports to senior management
  • Review and calculate portfolio transfer requests and redemption requests. Be the escalation point to resolve issues between various counterparties
  • Perform and authorise data inputs in various auxiliary credit systems
  • Prepare internal and regulatory reports for internal and external stakeholders
  • Regular review of and update of procedures and guides so as to adhere to current processes
  • Be an escalation point to the team and provide effective support for queries from Front Office
  • Collaborate with various internal stakeholders (Operations, Legal, Products, etc) to understand business processes and their risk implications, analyze complex situations, reach appropriate conclusions, and make value-added and practical recommendations
  • Participate and contribute to the firm-wide initiatives on re-engineering risk management and improvements on reporting analytics and processes

  • Preferably graduate degree in banking/finance but not absolutely necessary provided candidate has the relevant experience
  • Candidate should have minimum 5 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
  • 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
  • Detail oriented, ability to deep dive on processes and improve controls and/or efficiencies
  • Sound knowledge of Microsoft applications is a pre-requisite
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