Credit Risk Dept. Head/Manager

PJ Lhuillier Group of Companies; Philippines; On-site; PHP 1,000,000 - 1,800,000; Full time

Job summary

PJ Lhuillier Group of Companies' credit risk team seeks a seasoned professional to oversee and manage credit risk for individuals and business clients. The role focuses on balanced credit decisions to prevent potential losses from borrower defaults and to support prudent growth.

Responsibilities include developing risk programs, ensuring regulatory compliance, leading the underwriting process, and guiding the team to optimize portfolio performance while reporting insights to management.

Qualifications

• Develops and implements credit risk programs and credit approval criteria.
• Oversees underwriting with due diligence for credit applications.
• Monitors credit portfolio to identify risks and mitigate losses.

Responsibilities

• Ensure compliance with credit risk laws and regulations.
• Provide insights on credit risk profile and portfolio performance.
• Collaborate with business units to manage delinquency and minimize losses.
• Present reports on risk metrics to senior management and the Board.

Skills

Credit risk management

IFRS-9 / ECL modeling

Regulatory compliance

Risk reporting

Education

Bachelor’s degree in Finance/Accounting/Economics/Business Administration

Master’s degree in Risk Management or MBA

Certification in finance or risk management

Job description

About the role

The position primarily is responsible for overseeing and managing the credit risks associated with extending credit to individuals or business clients of the bank. The position shall ensure a balanced approach to all credit decisions to avoid potential financial loss resulting from borrower default.

Duties and Responsibilities:

A. Credit Risk Management

1. Develops credit risk programs that outline the criteria for credit approval, terms and conditions, and credit limits.
2. Implements credit policies and procedures that align with the bank's risk threshold and regulatory requirements.
3. Oversees the credit underwriting process to ensure that proper due diligence is conducted before approving any credit applications.
4. Determines the level of risk associated with extending credit to borrowers.
5. Monitors the credit portfolio to identify early signs of credit imbalance. Analyzes the performance of existing loans and takes appropriate actions to mitigate the risks.

B. Reporting and Compliance

1. Ensures bank compliance with relevant laws and regulations related to credit risk management and other local regulatory guidelines.
2. Provide insights to the overall credit risk profile and performance of the credit portfolio.
3. Collaborates with the bank business units and credit operations team to manage and reduce delinquency rates as well as minimize losses due to payment default.
4. Reviews reports on credit risk metrics and presents them to Management and Board of Directors.

C. Management Leadership

1. Recommends plans, programs, budget, and performance targets of the department.
2. Plans, directs, and coordinates all activities in the department to reach maximum level of employee productivity throughout the workforce.
3. Provides upfront leadership in supervising all direct and indirect reports and planning for their career advancement and aspirations.
4. Supervises and evaluates the performance of all direct report/s.
5. Approves/schedules all vacation leaves of all direct report/s.

D. Others

1. Keeps management aware of the types of actions that require legal consideration.
2. Participates actively during meetings, trainings, and other professional development programs.
3. Makes recommendations on matters pertinent to business operations and other related activities.
4. Performs other related duties as may be assigned.

Working Conditions

• Field – 5% (reports to Cavite office as needed)
• Office – 95% (Makati office)

Education:

• Graduate of finance, accounting, economics, business administration, or any related field.
• Preferably with master’s degree in risk management or business administration, or certification in finance or risk management
• Experience(s): At least five (5) years of work experience in credit risk management. In depth knowledge and experience with ECL modeling or IFRS-9.