Senior Credit Risk Manager
1 day ago
We are seeking an experienced Senior Credit Risk Manager to join our team at LINKEDCORP HR CONSULTANCY PTE. LTD. The successful candidate will be responsible for assessing the creditworthiness of SMEs or individuals applying for loans or credit, evaluating potential risks, and developing effective risk management strategies.
About the Role
This is a senior leadership position that requires strong analytical skills, expertise in financial analysis, and the ability to communicate complex information effectively. The ideal candidate will have a deep understanding of financial principles, including accounting, financial statement analysis, and credit risk metrics.
Key Responsibilities
- Assess the creditworthiness of SMEs or individuals by analyzing financial statements, credit reports, and other relevant data.
- Evaluate potential risks associated with extending credit to customers or counterparties, considering factors such as payment history, financial stability, industry trends, and economic conditions.
- Develop and implement credit risk policies and procedures to ensure consistent and effective risk management practices across the organization.
- Develop or utilize credit scoring models to quantify credit risk and make informed lending decisions.
- Monitor and manage the organization's credit portfolio, including identifying emerging risks, assessing portfolio performance, and implementing strategies to mitigate risk.
- Ensure compliance with relevant regulations and guidelines governing credit risk management, such as Basel III requirements or local regulatory standards.
- Communicate credit risk assessments and recommendations to senior management, stakeholders, and relevant departments within the organization.
- Make credit decisions, including approving or rejecting credit applications, setting credit limits, and negotiating terms and conditions of credit agreements.
Requirements
- A bachelor's degree in finance, economics, or accounting.
- 8-10 years' experience in credit risk analysis, underwriting, or portfolio management, with increasingly responsible roles demonstrating a progression of skills and knowledge.
- Strong analytical skills, including expertise in financial analysis, credit risk assessment, and portfolio management.
- A solid understanding of financial principles, including accounting, financial statement analysis, and credit risk metrics.
- Familiarity with credit risk management concepts, methodologies, and best practices, along with an understanding of regulatory requirements and industry standards.
- Effective communication skills, including the ability to convey complex information and collaborate with cross-functional teams.
- The ability to pay attention to detail, ensuring accuracy in credit assessments and compliance with policies and regulations.
- Strong decision-making skills, including the ability to evaluate credit risk factors, weigh potential outcomes, and make informed lending decisions that align with the organization's risk appetite and objectives.
- Proficiency in relevant software tools and systems used for credit analysis, risk modeling, and portfolio management.
- Demonstrate integrity and ethical conduct in their decision-making processes, ensuring fairness and transparency in credit evaluations and lending practices.
Salary
The estimated salary for this position is SGD $120,000 - $180,000 per annum, depending on experience.
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