Overview
Wholesale Credit Risk Management
Description
Why Join
You will be working in a collaborative environment interacting with various internal and external stakeholders. An independent team player performing middle office function to support Commodities Financing under Global Corporate Banking, which includes sectors covering Metals & Minings, Energy & Agri via close co-operation with Customers, Risk, Relationship Managers and Operations.
How you succeed
Positive attitude and taking ownership on the accounts that you managed and being a good team player will contribute to your growth in the team. Understand the facility structures and exercise your judgement and risk assessment on every transaction while managing the expectations from Business and Customers forms a big part to your day-to-day.
What you do
You would be performing verification, authentication and monitoring of the trade transactions and collaterals as follows:
- Monitor all transactions requested by the client to ensure that they fall within the credit parameters specified in the facility or otherwise raise as an exception for approvals.
- Obtain and review all transactional documentary support (e.g. purchase contracts, sales contracts, export L/Cs, insurances, hedge contracts etc.) before validating the transactions for execution by Trade Ops. Track the development of the transaction on end-to-end basis from procurement to sales.
- Review the AML/CFT aspect of the transactions and highlight red flags if any to BU, Risk and RCU accordingly.
- Ensure adherence to approved advance margins and arrange for appropriate cash top up, when required.
- Assess the quality and value of collateral by performing mark-to-market valuation of collateral where appropriate to ensure that this is maintained on an on-going basis.
- Monitor movement of collateral and control the release of goods financed by the bank to third parties such as warehouses, forwarders, shipping companies.
- Follow up on transaction exception or excess and the regularisation or rectification of these matters with Relationship Managers
- Provide feedback on monitoring possibilities and operational experience of the clients during credit reviews.
Who you work with
Group Risk Management works independently to protect, build, and drive our businesses. The team support good decision-making. With strong risk analysis. And a crucial, comprehensive role in sharpening our competitive edge. Optimising risk-adjusted returns. It’s about seeking and adopting best-in-class practices. Protecting the group from unforeseen losses. Keeping risk within appetite. Embracing change and managing growth in one of the world’s strongest banks.
Qualifications
Who you are
- Independent Team Player
- Highly Motivated Individual
- Positive Mindset
- Good Interpersonal Skills
Who we are
Singapore’s longest established bank, we’ve been helping people and businesses get what they want from life since 1932. How? By taking the time to truly understand people. From there, we provide support, services, solutions, and career paths that meet their individual needs and desires.
Today, we’re on a journey of transformation. Embracing technology and creativity to become a future-ready learning organisation. But for all that change, the entire focus of our organisation remains to be Simply Spot On. In everything we do.
And so whether you want innovate needs-based financial services. Work in friendly, supportive teams. Build lasting value in your community. Help people grow their assets, business, and investments. Take your learning as far as you can. Or simply enjoy a vibrant, future-ready career. Your Opportunity Starts Here.
What we offer
Competitive base salary. A suite of holistic, flexible benefits to suit every lifestyle. Community initiatives. Industry-leading learning and professional development opportunities. Your wellbeing, growth and aspirations are every bit as cared for as the needs of our customers.
Primary Location
: Singapore
Job
: Risk Management
Organization
: Wholesale Credit Risk Management
Schedule
: Permanent
Job Posting
: 26-Sep-2024, 1:38:03 PM
About OCBC Bank
OCBC is the longest established Singapore bank, formed in 1932 from the merger of three local banks, the oldest of which was founded in 1912. It is now the second largest financial services group in Southeast Asia by assets and one of the world’s most highly-rated banks, with an Aa1 rating from Moody’s. Recognised for its financial strength and stability, OCBC is consistently ranked among the World’s Top 50 Safest Banks by Global Finance and has been named Best Managed Bank in Singapore by The Asian Banker.
OCBC and its subsidiaries offer a broad array of commercial banking, specialist financial and wealth management services, ranging from consumer, corporate, investment, private and transaction banking to treasury, insurance, asset management and stockbroking services.
OCBC’s key markets are Singapore, Malaysia, Indonesia and Greater China. It has more than 570 branches and representative offices in 19 countries and regions. These include about 300 branches and offices in Indonesia under subsidiary Bank OCBC NISP, and over 90 branches and offices in Mainland China, Hong Kong SAR and Macau SAR under OCBC Wing Hang.
OCBC’s private banking services are provided by its wholly-owned subsidiary Bank of Singapore, which operates on a unique open-architecture product platform to source for the best-in-class products to meet its clients’ goals.
OCBC's insurance subsidiary, Great Eastern Holdings, is the oldest and most established life insurance group in Singapore and Malaysia. Its asset management subsidiary, Lion Global Investors, is one of the largest private sector asset management companies in Southeast Asia.
