Senior Credit Manager

Role Responsibilities

Second line of defence responsibilities

Responsible for the second line of defence responsibilities related to Credit Risk for the Hong Kong Corporate and Institutional Banking portfolio which involves oversight and challenge of risk management actions from the First Line, including the following:

The Group’s Enterprise Risk Management Framework (“ERMF”) with regards to Credit Risk, which sets out the Group’s approach to risk management and the control framework within which risks are managed and risk-return trade-offs are made. Ensure that the relevant first and second line owners understand and accept their risk management responsibilities. The Group’s Risk Appetite Framework, with regards to Credit Risk, which sets out the Group’s appetite to material risk types that it is exposed to. As SCM, monitor compliance to Board approved risk appetite using the risk information report covering principal risk-types Credit Risk; and highlight significant matters to the attention of senior management and senior risk committees  Ensure a robust effectiveness review process for the ERMF with regards to Credit Risk and escalate significant matters and/or gaps in ERMF implementations to senior management and the relevant Board level committees as relevant. 

Governance framework

Responsible for building a culture of good conduct in the Risk function and embedding the Risk Culture statement as described in the ERMF. 

Process Universe

Responsible for discharging my Process Universe related responsibilities as defined in the ERMF, including reviewing, challenging, and providing oversight of the risk profile of the Risk process universe.

Main business activity/function 

Responsibility for wholesale lending decisions

Responsible for final credit decisions for wholesale lending facilities for the Hong Kong Corporate and Institutional Banking portfolio. Ensure completeness and accuracy of the business credit application and capture of critical information required for credit risk measurement and credit analysis.

Strategy

Plan development of risk parameters for the portfolios according to Risk Tolerance and Policy Frameworks and documents in portfolio standards. Inform the development of business plans with the provision of cost and impairment forecasts and a balanced judgment on the external environment. Contribute to the development of performance management and remuneration processes, in order to encourage the development of an appropriate risk culture and discipline.

Business

Plan development of risk parameters for the portfolios according to Risk Tolerance and Policy Frameworks and documents in portfolio standards. Inform the development of business plans with the provision of cost and impairment forecasts and a balanced judgment on the external environment. Contribute to the development of performance management and remuneration processes, in order to encourage the development of an appropriate risk culture and discipline.

Processes

Control portfolio within the set risk parameters to ensure risk profile within risk tolerances. Ensure credit approvals are within delegated authorities. Ensure effective management of the operational risks within the Risk function and compliance with applicable internal policies, and external laws and regulations. Continuously improve the operational efficiency and effectiveness of the risk management processes.

People & Talent

Lead through example and build the appropriate culture and values. Set appropriate tone and expectations from their team and work in collaboration with risk and control partners. Uphold and reinforce the independence of the Risk function from those whose primary responsibility is to maximise short-term revenues and profits. Help coaching the junior credit managers, with an aim to nurture the next generation of senior credit managers

Risk Management

Assess the credit risk profile of the Hong Kong Corporate and Institutional Banking portfolio, maintaining alignment with risk appetite by rebalancing of risks or controls that may be required in response to internal and external factors. Ensure effective implementation of Group and Local Policies, Procedures and Standards Uphold the integrity of risk/return decisions, by challenging business to demonstrate that risk origination and control decisions are properly informed and consistent with strategy and risk appetite. Ensure that effective management response plans are in place to respond to extreme but plausible scenarios. Direct appropriate response to material events or other risk issues that come to your attention. Exercise risk control responsibility for the Hong Kong Corporate and Institutional Banking portfolio Ensure that material risk exposures and related issues are reported to the responsible governance committees and to Group and business-level committees as appropriate. Ensure appropriate judgment is applied in the discharge of risk authorities assigned to the jobholder, taking into account of concentration risk across sectors, geographies and markets. Design, maintain and effectively communicate risk control parameters across the Business, including policies, control standards, risk exposure limits and other control levers in order to maintain the risk profile in line with the Group's risk appetite. Maintain a good understanding of the requirements of key external stakeholders in respect of risk management and ensure these are well understood internally and reflected in internal procedures. Obtain assurance regarding the effectiveness of the business controls and compliance with applicable laws & regulations. Ensure material credit related issues and events are raised to Senior Credit Officer with appropriate suggestions for risk management and rectifications. Ensure timely submission of portfolio reviews and ensure accuracy of the portfolio data as and when required. Initiate stress tests as required by internal and external factors and review results and assess their implications. Ensure Early Alert process is adhered to and take an active part in the monthly Early Alert discussions. Work with relationship managers in identification and managing up or out of accounts exhibiting signs of deterioration and assist Stressed Asset Group (“SAG”) and Stressed Asset Risk (“SAR”) teams, where appropriate, in managing accounts to maximise recoveries and minimise losses. Maintain delegated authorities in line with internal policies Actively participate in key committees through standing membership. Ensure first line process owners understand and accept their risk management responsibilities. Maintain an open and cooperative relationship in dealings with regulators. Undertake regular customer visits to better understand the business and industry environment. Align the strategy of the risk function with business strategy and risk appetite and oversee its execution.

Governance

Responsible for building a culture of good conduct in the Risk function and embedding the Risk Culture statement as described in the ERMF. 

Key stakeholders

Internal

In country Segment Heads, Senior Bankers, RMs, Credit/Marketing teams Head, Group Audit (Country), Internal audit Treasurer (Country) and various GM Head of Sales Head SAG and SAR (Country and Regional) Head, Legal Affairs and Compliance (Country) Senior Credit Officer / Chief Credit Officer

External

Corporate and Institutional relationships in country Members of the legal professions Directors/Key contacts in the business community Accountants/Consultants Auditors / Government regulators 

Our Ideal Candidate 

Minimum 8 years of credit management experience covering discretionary lending, experiences in handling commercial real estate credit risk management and or structured finances will be considered as well.  Market Knowledge: Solid experience in the banking industry, including demonstrated success in a similar role Business Strategy and Model: With good business acumen (including ability to assess risk and appropriate levels of return), good interpersonal skills and multi-cultural awareness and sensitivity Risk Management and Control: Ability to manage risk in highly varied product base. Expertise in process design and control Regulatory Framework and Requirements: Awareness and understanding of the Hong Kong regulatory framework in which the firm operates, and the regulatory requirements and expectations relevant to the role Non-technical Skills: Good relationship management experience

Role Specific Technical Competencies

C & I Credit Risk Corporate Real Estate exposure Structured Finance Relationship Management Communication and Influencing Skills Manage Risk Market / Liquidity Manage Projects

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