Principal/chief Credit Risk Officer

1 week ago

Singapore IFC Systems Corporation Full time

Principal/Chief Credit Risk Officer

Job #:

- req27552
Organization:

  • IFC
    Sector:
  • Risk
    Grade:
  • GH
    Term Duration:
  • 3 years 0 months
    Recruitment Type:
  • International Recruitment
    Location:
  • Singapore,Singapore
    Required Language(s):
  • English
    Preferred Language(s):

Closing Date:

  • 5/29/2024 (MM/DD/YYYY) at 11:59pm UTC
    Description
Principal/Chief Credit Officers are specialized and experienced risk professionals that are part of the independent risk oversight system.

They are responsible for reviewing and approving investment proposals and material portfolio actions submitted by the IFC's Investment and portfolio teams.

In addition, working with investment teams on identifying and mitigating credit and equity risk, they ensure that the investment transactions meet IFC's minimum investment standards as required by any applicable policies, procedures, or guidelines, as well as the risk appetite established by senior management.


They also play an essential role in maintaining an investment culture within IFC by disseminating credit and equity expertise and best practice through various knowledge management activities.

IFC is now seeking a Principal/Chief Credit Officer to join its Investment and Credit Risk Department.

This professional will cover the Financial Institutions, Structured Finance, Funds and potential support MAS and INR in Asia Pacific Region.

S/he will become part of a formal investment approval hierarchy, serving as "second pair of eyes" in IFC's checks and balances for all IFC investments.

S/he will be responsible for providing credit reviews and approvals for new transactions and portfolio monitoring and representing CIRIC on different Committees and Working Groups.

The Principal/Chief Credit Officer (CO) will be based in Singapore, and report to the relevant Regional Chief Risk Officer.

Duties and Accountabilities:

  • Represent CIRIC on the Investment Committees, Portfolio Committees, and on different working groups.
  • Provide an objective and independent risk assessment in approving and monitoring transactions, while meeting the Standard Level Agreements included in the "Credit Client Service Framework."
  • As a "second pair of eyes" to investment teams, s/he will be available at all stages of IFC's investment process (from Early Reviews to postdisbursement) to discuss potential issues with teams. S/he will be engaging business teams to discuss potential issues, including sponsor, market, regulatory environment, structure of the transaction, termsheet and documentation, obligor/investee financial performance, compliance with covenants, identification, or portfolio trends, rating reviews, use of rerisking tools, etc.
  • Assure IFC policies and best practices are implemented so that investment transactions and portfolios are contributing to IFC's financial and development goals.
  • Assure IFC's risk appetite is clearly understood, that a proper riskreward balance is achieved in transactions, and the quality of IFC's portfolio is maintained.
  • Approve the initial credit risk rating and facility rating for new transactions and review sample portfolio ratings on an ongoing basis.
  • Draw on (and share with staff) years of "handson" experience developing business relationships with borrowers and investees, structuring complex transactions, and maximizing financial and developmental returns on investments.
  • Be a recognized thought leader and provide expert input to and identify vulnerabilities associated with all approved transactions as well as waivers and conditions.
  • Identify risks and opportunities to ensure they are fully disclosed and understood throughout the approval process.
  • Visit transaction teams and/or clients in key office locations to get a firsthand understanding of risks.
  • Contribute to knowledge management activities through investment FAQs, supporting training programs, or other knowledge management activities.
  • Participate in reviews and discussions of credit and equity standards, pricing, deal acceptance criteria, and business process improvement.
  • Provide backup for other Chief Credit Officers, to participate actively in departmental discussions of investment opportunities and challenges.
  • Mentor more junior staff.
  • Keep abreast of developments in equity market conditions in sectors and countries through an extensive network of contacts and regular visits.
  • Advise the CIRIC Director and Regional Chief Risk Officer (RCRO) and Senior Management on transaction or portfolio developments, which could adversely affect IFC's asset quality, developmental impact, or future performance.

Selection Criteria

  • Advanced degree in finance, business, law, economics, international affairs, or similar fields.
  • At least 1015 years of experience working for a major international financial institution and involved in lending/investing in the diversified investments including least 510 years as a decisionmaker with a

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