SVP & Head, Credit Risk Management SVP & Head, Credit Risk Management …

GIC Private Limited
in Singapore
Permanent, Full time
Last application, 05 May 21
Competitive
GIC Private Limited
in Singapore
Permanent, Full time
Last application, 05 May 21
Competitive
We are one of the largest investment management organizations in the world, with over 1000 people working together to create long-term value.

Risk and Performance Management Department

The Risk and Performance Management Department is responsible for the independent assessment, measurement, monitoring and reporting of GIC's investment, credit and operational risk profiles. We are looking for a dynamic and self-motivated individual with established career in the area of counterparty credit risk to take on a leadership role in the Credit Risk Management (CRM) division.

The CRM team is responsible for managing the credit risk of GIC's trading counterparties, clearing houses and investment-related service providers such as custodians, nostro agents, clearing brokers, prime brokers and securities lending agents.

Responsibilities
  • Provide advisory, guidance and strategic direction to the CRM team, department and organisation for all counterparty credit risk related matters
  • Ensure that GIC's risk management framework and guidelines remain effective in managing the credit risk of trading counterparties and service providers
  • Approve or recommend for approval appropriate credit risk appetite, counterparty specific credit limits and risk mitigation measures for GIC's counterparties and service providers
  • Ensure an understanding of key credit risks and exposures among stakeholders, and facilitate responsible and effective risk-taking in line with GIC's counterparty credit risk appetite and objectives
  • Keep abreast of changes in operating environment and regulations, and assess and address the potential impacts on counterparty credit risk
  • Maintain strong control and governance processes as well as manage day-to-day onboarding of counterparties or service providers, and compliance monitoring of approved credit limits, guidelines and restrictions
  • Oversee the reporting of GIC's credit exposure to counterparties and investment-related service providers to senior management, risk governance committees and client
  • Ensure that adequate systems and infrastructure are in place to support all CRM activities
  • Build a strong team of counterparty credit risk subject matter experts (SMEs) and risk management capabilities that commensurate with the size, scope and risk challenges of the business


Requirements
  • Strong analytical skills with sound knowledge of financial instruments and their associated credit risk
  • In-depth knowledge of credit risk management and mitigation practices as well as issues and developments affecting the banking industry
  • Excellent interpersonal, communications and presentation skills with ability to work cross-functionally, across different business areas and seniority level, and to synthesise detailed information
  • Strong leadership and management skills
  • At least 18 years of relevant credit approval and risk management experience including proven track record in a leadership role gained at top-tier financial services firms
  • Degree in Finance, Business, Accountancy or related fields of study. Additional qualifications such as CFA, FRM and CPA will be favourably considered


Company Overview

Our PRIME Values

GIC is a values driven organization. GIC’s PRIME Values act as our compass, enabling us to fulfil our fundamental purpose and objectives. It is the foundational bedrock which governs our behaviors, our decision making, and our focus. It informs both our long-term strategy as a firm, and the way we relate to our Client, business partners and employees. PRIME stands for Prudence, Respect, Integrity, Merit and Excellence. 

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