Credit Risk Analyst

Boost Bank; Kuala Lumpur; On-site; MYR 80,000 - 120,000; Full time

Job summary

Boost Bank seeks a Credit Risk Senior Analyst responsible for managing and assessing credit risks. This role involves collaborating with various teams to ensure effective credit practices and regulatory compliance, analyzing portfolios, and developing risk mitigation strategies. Candidates should possess a relevant degree and substantial experience in credit risk analysis.

Qualifications

• Minimum 5 years of experience in credit risk analysis.
• Proficiency in financial statement analysis and credit scoring models.
• Knowledge of regulatory requirements related to credit risk management.

Responsibilities

• Analyze obligor data and monitor portfolio credit risk exposures.
• Conduct due diligence on approved credit applications.
• Prepare comprehensive credit risk reports.

Skills

Financial statement analysis

Credit scoring models

Risk assessment techniques

Analytical skills

Communication skills

Education

Bachelor's degree in finance, economics, accounting, actuarial science, or related field

Tools

Excel

Tableau

SQL

Job description

The Credit Risk Senior Analyst plays a crucial role in assessing and managing credit risk within Boost Bank.

This position involves analyzing obligor data, monitoring portfolio credit risk exposures and tweaking policies to better manage the portfolio, performing post approval credit review and developing strategies to mitigate credit risk exposure.

The Senior Analyst collaborates with various teams including Credit Underwriting, finance, and business units to ensure prudent credit risk practices are implemented in line with regulatory requirements and organizational objectives.

Key Responsibilities:

Post Approval Credit Risk Analysis:

• Perform an independent review on credit approvals to independently assess the effectiveness of approval process, people and guidelines.
• Conduct due diligence on approved credit applications and approval limit utilizations.
• Generate report for management consumption on the effectiveness of credit approvals and policies

Portfolio Management:

• Monitor the credit quality of existing accounts and portfolios to identify deteriorating credit conditions or emerging risks.
• Recommend strategies for portfolio optimization, including credit limit adjustments programs, risk-based pricing, and portfolio diversification.
• Perform regular reviews and stress tests on credit portfolios to assess their resilience to adverse economic scenarios.
• Recommend actions to mitigate credit risk concentrations and enhance portfolio performance.
• Develop methodology to proactively manage delinquency via early warning indicators and other analytical methods.
• Keep abreast on industry movements and news to ensure proactive management and anticipation of credit risk.

Key Responsibilities:

1. Post Approval Credit Risk Analysis:

• Perform an independent review on credit approvals to independently assess the effectiveness of approval process, people and guidelines.
• Conduct due diligence on approved credit applications and approval limit utilizations.
• Generate report for management consumption on the effectiveness of credit approvals and policies

1. Portfolio Management:

• Monitor the credit quality of existing accounts and portfolios to identify deteriorating credit conditions or emerging risks.
• Recommend strategies for portfolio optimization, including credit limit adjustments programs, risk-based pricing, and portfolio diversification.
• Perform regular reviews and stress tests on credit portfolios to assess their resilience to adverse economic scenarios.
• Recommend actions to mitigate credit risk concentrations and enhance portfolio performance.
• Develop methodology to proactively manage delinquency via early warning indicators and other analytical methods.
• Keep abreast on industry movements and news to ensure proactive management and anticipation of credit risk.

Credit Policy and Procedures:

• Participate in the development and review of credit policies, procedures, and underwriting guidelines.
• Ensure adherence to regulatory requirements and internal credit risk standards.
• Provide input into credit policy enhancements based on industry best practices and emerging trends.
• Collaborate with stakeholders to implement credit policy changes and ensure proper training and communication.

Reporting and Communication:

• Prepare comprehensive credit risk reports and presentations for senior management, board of directors, and regulatory authorities.
• Communicate credit risk findings, trends, and recommendations effectively to key stakeholders.
• Respond to inquiries from internal and external auditors, regulators, and other relevant parties regarding credit risk management practices.

Credit Risk/ MFRS9 Models:

• Provide feedback on newly developed and existing credit risk models to align with the bank’s overall Credit Risk strategy
• Collaborate with team members to provide design recommendations for Credit Risk models to ensure coherence and alignment with the bank’s portfolio construct.

Job Requirements & Criteria:

• Bachelor's degree in finance, economics, accounting, actuarial science, Statistics, banking, risk management or a related field.
• Minimum of 5 years of experience in credit risk analysis, preferably in a financial institution or a credit-intensive industry.
• Proficiency in financial statement analysis, credit scoring models, and risk assessment techniques.
• Knowledge of regulatory requirements related to credit risk management (e.g., Basel II/III, MFRS 9, etc).
• Excellent analytical skills with attention to detail and the ability to interpret complex data.
• Effective communication and interpersonal skills, with the ability to collaborate across departments and present findings to senior management.
• Proficiency in analytics software and reporting tools (e.g., Excel, Tableau, SQL) and Microsoft Office suite (Excel, PowerPoint, Word).
• Ability to work independently, manage multiple priorities, and thrive in a fast-paced, dynamic environment.