Credit Risk Department Head

HRTX; Makati; On-site; PHP 600,000 - 800,000; Full time

Job summary

A financial institution is looking for a Credit Risk Head to oversee credit risks and enhance decision-making processes related to lending. This position requires strong leadership and experience in credit risk management. The ideal candidate will develop compliance strategies and optimize the performance of the credit risk department. The role demands continuous monitoring of credit portfolios to mitigate financial losses.

Qualifications

• Proven experience in credit risk management and financial analysis.
• Strong leadership skills and ability to manage a team effectively.
• Excellent communication and problem-solving abilities.

Responsibilities

• Oversee and manage the bank's credit risks to minimize financial losses.
• Develop and implement credit risk programs in line with regulations.
• Monitor and evaluate credit portfolios, analyzing loan performance.
• Ensure compliance with laws and regulations related to credit risk.
• Provide reports on credit risk profile and collaborate with business units.

Skills

Leadership

Client Service

Innovativeness

Business Acumen

Communication

Results Orientation

Credit Risk Assessment and Management

Knowledge of Regulatory Compliance

Financial Analysis

Credit Underwriting

Planning and Organizing

Problem Solving

Decision Making

Coaching and Mentoring

People Management

Job description

About the job Credit Risk Department Head

Job Title: Credit Risk Head

Reports To: Executive Management/Board of Directors

Location: Office (95%), Field (5% - Cavite Office as needed)

Employment Type: Full-time, Monday - Friday, Morning Shift

Salary: Up to 130,000 (basic)

Job Summary:

The Credit Risk Head will oversee and manage the credit risks associated with the bank's lending activities to both individual and business clients. This role is crucial for ensuring balanced and strategic credit decisions to minimize potential financial losses from borrower defaults. The position requires leadership in credit risk policy development, compliance oversight, credit portfolio management, and effective team management to maintain regulatory compliance and optimize departmental performance.

Duties and Responsibilities

• Develop and implement credit risk programs that define criteria for credit approval, terms, conditions, and limits in line with bank and regulatory standards.
• Oversee credit underwriting processes, ensuring thorough due diligence and assessing risk levels for all credit applications.
• Continuously monitor and evaluate the banks credit portfolio to detect early signs of imbalance, analyzing loan performance and mitigating risks proactively.

B. Reporting and Compliance

• Ensure compliance with all relevant laws, regulations, and bank policies related to credit risk management.
• Provide insights and reports on the overall credit risk profile and portfolio performance, presenting findings to the Management and Board of Directors.
• Collaborate with business units and credit operations to reduce delinquency rates and minimize defaults.
• Develop and manage departmental plans, programs, budgets, and performance targets, promoting a productive and high-performance work environment.
• Provide leadership and supervision to direct reports, supporting their professional development and evaluating their performance.
• Coordinate leave schedules and oversee daily activities to maximize department efficiency.

D. Other Responsibilities

• Advise management on actions requiring legal review or consideration.
• Actively participate in meetings, training sessions, and development programs.
• Contribute recommendations on business operations and other relevant activities.

Core Competencies

• Leadership, Client Service, Innovativeness, Business Acumen, Communication, Results Orientation
• Credit Risk Assessment and Management, Knowledge of Regulatory Compliance, Financial Analysis, Credit Underwriting, Planning and Organizing, Problem Solving, Decision Making, Coaching and Mentoring, People Management