Assistant Vice President, Counterparty Credit Risk, Risk Management Dept

Sumitomo Mitsui Banking Corporation; Singapore; On-site; SGD 80,000 - 120,000; Full time

Job summary

A leading financial institution in Singapore is seeking an experienced professional for Counterparty Credit Risk. The role involves implementing and enhancing risk frameworks, monitoring risks within appetite, and collaborating with various stakeholders. The ideal candidate will have a degree and over 5 years of experience in relevant risk management, with excellent communication skills.

Qualifications

• Minimum 5+ years of experience in Counterparty Credit Risk for a Financial Institution.
• Able to work under tight timelines.
• Meticulous, with an eye for details.

Responsibilities

• Support implementation of CCR frameworks and policies.
• Assess and monitor CCR related risks.
• Prepare and present communication to senior management.

Skills

Experience in Financial Institution credit risk

Good communication skills

Understanding of CCR risks

Interpersonal skills

Detail-oriented

Team player

Education

Degree or equivalent

Job description

Overview

Counterparty Credit Risk

Responsibilities

• Support implementation and operation of 2LOD Counterparty Credit Risk (CCR) and control frameworks for SMBC APAC, in partnership with the Credit Department, including design and enhancement of CCR frameworks, policies, and procedures.
• Assess CCR related risks and monitor CCR Portfolio for SMBC APAC, in conjunction with Credit Department to ensure CCR risks remain within risk appetite. Oversee tracking and timely actions relating to the CCR portfolio and support in regulatory aspects of CCR Portfolio.
• Support any new risk initiatives within Risk Management in APAC and organizing discussions with various stakeholders in our bank including head office in Tokyo.
• Support in preparing and presenting communication to senior management, and close collaboration with various stakeholders including Front Office, Treasury, Credit, Legal, Compliance, Operations etc.

Requirements

• Degree or equivalent with experience in Financial Institution credit risk
• Minimum 5+ years of experience in Counterparty Credit Risk for a Financial Institution.
• Understanding of CCR related business including products, risks (covering stress testing and wrong way risk) as well as documentation.
• Good communication, interpersonal skills and fluent in written and spoken English
• Team player and strong sense of ownership of outcomes
• Meticulous, with an eye for details
• Able to work under tight timelines and comfortable with cross-border interactions