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AVP, Credit Review Group, Internal Audit Department

4 months ago


Singapore Sumitomo Mitsui Banking Corporation Full time
You will act as a trusted partner by performing and leading credit reviews, to provide an independent credit risk evaluation of SMBC credit assets in Asia Pacific region. Credit assets include (but not limited to) exposures to Corporates, Structured Real Estate finance, Project Finance, Securitization, Leveraged Buyout ('LBO'), and Banks / Non-Banks Financial Institutions.
The role provides assurance for the Bank's credit risk assessment and management quality, as well as appropriateness of risk ratings / Borrower Category as third line of defence.

Responsibilities
  • Conduct Off-site credit reviews on an ongoing basis, to assess the appropriateness of risk ratings and classification of Borrower Category for the Bank's credit assets booked in Asia Pacific, ensuring adherence to internal grading policies.
  • To participate as a team member ('Person in charge') for assigned On-site credit reviews and / or Thematic review assignments. Focus of these reviews is to assess appropriateness of risk ratings assigned / classification of Borrower Category, adequacy of credit underwriting quality including financial projections, and robustness of credit risk management in line with internal policy requirements.
  • To act as Auditor-in-Charge ('AIC') for assigned onsite On-site credit reviews and Thematic review assignments. As AIC, to plan, co-ordinate, lead and manage assigned On-site credit reviews including active stakeholder engagement. Responsible for Audit Comment Referrals ('ACRs) and report writing.
  • Provide value-added recommendations to Business Units (BUs) based on potential issues identified in all credit reviews.
  • Follow-up on open issues identified and conduct validation review on remediation actions taken by auditee, in accordance with CRG-IADAP recommendations and address BUs' concerns accordingly.
  • Continuously monitor and update CRG-IADAP and local branch management on regulatory changes or market conditions for new and emerging risks in the respective audit locations.
  • Provide guidance to team members
  • Assist to prepare annual risk assessment and audit planning with sound judgement.
  • Continuously review and propose improvement to CRG-IADAP's review process to ensure adequacy and efficiency of the controls in place against market practice.
  • Participate in department-wide initiatives and perform other duties as assigned by Department Head.
  • Travel within APAC region is required
Requirements
  • Bachelor's Degree in Finance/Accountancy/Banking, Business Studies/Administration/Management or equivalent is preferred.
  • 7-10 years' experience in the areas of credit risk analysis, credit approval, and / or credit review function. Audit and experience in a leadership capacity would be an added advantage.
  • Excellent and extensive background in credit risk analysis, financial analysis / projections, and credit rating models across Large Corporates, Structured Real Estate finance, Project Finance, Securitization, LBO, and / or Banks / Non-Banks Financial Institutions. General knowledge in natural resources, Islamic Finance would be an added advantage.
  • Ability and confidence to lead a team as AIC, with demonstrated problem-solving skills
  • Good writing and communication skills
  • Identify and articulate issues / observations
  • Strong interpersonal and stakeholder management skills
  • Works well in a team as well as contribute individually within stipulated timelines.
  • Experience in Microsoft Excel, Word, Access, and Powerpoint. Added advantage for knowledge / experience in programming applications e.g. Python