Vice President, TCF Credit Risk
Employee | Risk Management | Professional | Singapore | Singapore | 2024-08-14 | REQ-10079458
ING Wholesale Banking in Singapore
We began operating in Singapore in 1987 where we host the regional Asia Pacific headquarters. With over 300 financial experts, we are the largest wholesale banking branch in Asia. ING stands out in the Asia Pacific region because we go a step further for our customers. We look at things from the client’s perspective which allows us to construct tailor-made solutions to fit the needs of every company we serve. This mentality underpins all our client relations and has produced various prestigious awards.
The Team
The Corporate Credit Risk Management Singapore team has Second Line responsibility for the credit risk of the bank’s Trade & Commodity Finance (TCF) and Corporate Sector Lending portfolio in Singapore branch. Within this team, the Local Risk Managers (“LRMs”) advise on and have delegated approval authority for transactions for which they are primarily responsible. The LRM also coordinates regulatory projects and other ad hoc credit related exercises.
Analyze, assess, approve credit applications or provide credit advice/recommendation to higher approval authority and manage the credit risk of designated TCF portfolio of Singapore branch.
Proactively share and manage risk appetite with First Line to maintain a common risk culture including providing guidance on structuring of TCF credit facilities and compliance with credit policies.
Manage within relevant Risk Appetite Statements, ensuring any deviations are properly reported, escalated or mitigated.
Review legal documentation in consultation with Legal (in-house or external) and sign-off facility agreements and other documentation relating to the designated TCF portfolio.
Review and approve risk ratings of TCF obligors and recommend risk rating appeals where applicable.
Contribute to regulatory deliverables for Singapore branch, including but not limited to credit related reporting and the local implementation of policies and procedures.
We are looking for (key competencies and qualifications)
Excellent communication (both written and verbal) and stakeholder management skills
Solid analytical skills with ability to keep the big picture in mind but also focus on details as the situation requires
At least 8 years of experience with TCF transactions in which you have assumed responsibility for credit assessment and review of loan documentation
Proven track record of operating independently and delivering solid results under time pressure
Intimate knowledge of ING’s systems, processes and procedures is preferred
Take it on and Make it Happen mentality