Head, Risk Management (Credit Risk)

Overview

Are you a seasoned professional with a passion for shaping credit risk governance and strategies? If you are ready to take on the leadership to play a key role and contribute to the success of our organization, we would like you to join us. We are seeking a dynamic and experienced Head to lead our Credit Risk team in influencing strategic decision-making and shape our risk management practices.

As a Head, you play a crucial role in providing guidance and direction of credit risk governance & framework, credit underwriting standards & mitigations, MFRS 9 Forward Looking model, credit stress testing, credit operations robustness, securitization as well as, provide independent oversight as 2nd line of defense on credit and capital related monitoring and control, to ensure the Bank operates within a robust and prudent risk management framework set by Senior Management and the Board of Directors. This role will be reporting to the Chief Risk Officer.

Credit Risks

Drive the formulation/establishment of effective and appropriate credit risk management and control framework so that all material credit risks can be properly identified, assessed, mitigated and monitored through the effective implementation of Credit Risk Governance Policy.

• Conduct in-depth analysis of the Bank’s credit/lending related policies/SOP(s) to ensure strict adherence to the Bank’s Risk Appetite, credit policy and regulations.
• Lead, manage and conduct thorough risk assessments to ensure stability of our credit portfolio.
• Lead and manage the independent credit review on the risk issues, review and challenge risk assessments and mitigation strategies proposed by the first line to ensure credit decisions are in compliance with the Bank’s credit strategy/policy and relevant legal & regulatory requirements.

Drive, responsible and deliver the following Bank’s processes through complex, technical and statistical/regression models:-

• Risk Appetite Statement – formulate and align business strategy, risk management strategy and capacity to take risk in a robust and dynamic manner to optimize the risk-return trade-offs.
• Credit Stress Test – establish and execute credit stress test approaches and methodologies for identifying potential areas of vulnerabilities, evaluating resilience under different scenarios and economic cycles and the linkages between different categories of emerging risk in times of crisis.
• MFRS 9 Forward Looking Model – derive forward looking Probability of Default multipliers of PFS & BCB portfolios for measurement of Expected Credit Loss via incorporating forecasted Macroeconomic Variables and Observed Default Rate into regression model.

Lead the Credit Risk team at entity-level governance forums i.e. discussions with internal cross-functional team (Business, Credit, Audit & Compliance) and with external stakeholders such as regulators and auditors in respect of credit risk oversight and governance by providing assurance and technical comments where required.

Collaborate with key drivers of the Bank wide CCPT initiatives, effective working partnership with business units, GOT-IT, Group Finance, etc. to formulate CCPT reporting parameters and provide strategic planning on Climate Risk related projects.

Independent Credit Review

• Direct the production of independent credit review reports for senior management and Board of Directors.
• Drive the in-depth analysis of bank’s credit portfolios to review the portfolio performance, assets quality and to surface material credit risk vulnerabilities and mitigants.
• Control via independent reviews to ensure that credit decisions are in accordance with the Bank’s credit risk strategy and appetite, policies and regulatory requirements via sampling the appropriateness of credit grading and provisioning.

Credit Portfolio Risk

• Direct the performance of periodic and complex credit risk Stress Testing in collaboration with ICAAP/Stress Test team.
• Drive the performance of semi-annual review of MFRS9 forward looking model which takes into account complex operating variables in risk modelling.
• Responsible for the performance of sensitivity analysis based on historical macroeconomic variables and provide Financial Statements statutory disclosure information.

Single Customer Exposure Limit (SCEL) & Connected Party (CP)

• Ensure the robust operations of the SCEL & CP Policy.
• Responsible for timely and accurate reporting of SCEL & CP information to Senior Management and BNM.
• Provide advisory support to internal parties pertaining to SCEL & CP policy matters.
• Develop/Implement system enhancement/automation on SCEL & CP data extraction and reporting.

Education/Qualification

• Bachelor's degree or higher.
• Minimum 12 years of relevant experience in the banking/finance/investment industry with at least 3 years of experience in the middle management level in the areas of credit risk, liquidity risk, IRRBB and/or compliance.
• Member of a locally/internally recognized risk management professional body is preferable

What’s next?

• Once you’ve applied online, our team will carefully review your application. Due to a high volume of applications, we appreciate your patience to allow for a fair and timely review process.
• Should you be shortlisted for the role, we will send you an invitation via email for an interview. You can also check on your application status by logging into your candidate account.

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