Credit Approval Head SG

CIMB; Singapore; On-site; SGD 70,000 - 120,000; Full time

Job summary

A leading financial services company in Singapore is seeking an experienced credit manager. The role involves implementing credit decision processes, managing credit evaluations, and ensuring compliance with policies and regulations. Candidates should have a degree, a minimum of 10 years of experience in credit management, and extensive knowledge of credit assessment and retail banking. This position also requires strong analytical judgement and excellent communication skills.

Qualifications

• At least 10 years of experience in credit management.
• Strong knowledge in credit assessment and retail banking credit facilities.
• Excellent verbal and written communication skills.

Responsibilities

• Implement credit decision processes for approvals.
• Review and provide feedback on credit policies.
• Manage credit evaluations and documentation.
• Lead the Credit Approval team to achieve SLA targets.
• Ensure compliance with credit policies and regulatory guidelines.

Skills

Credit assessment

Retail Banking knowledge

Banking Systems knowledge

Knowledge of local banking laws

Credit assessment methodology

Education

Degree

Job description

Responsibilities:

Strategy and Planning

• To implement risk performance driven credit decision for the credit approval process.
• To review & provide feedback to Product and Compliance Team to ensure practicality & feasibility of the implementation of credit policies / guidelines.
• Manage proper credit evaluation of facility applications and completion of documentation in accordance with policies and procedures.

Business Performance and Management

• Ensure policies and procedures are documented and adhered. Develop and finalise policies and procedures for new facilities.
• Recommend and approve limits up to the appropriate delegated authority for retail bank.
• Adhere to Group’s standards portfolio / bulk reviews for facilities against collateral.

People Management

• Advise Personal Bankers and Relationship Managers on credit related issues.
• Leading and motivating the Credit Approval team in order to achieve SLA targets.
• Ensuring that the Credit Approval team keeps up to date with evolving regulatory landscape.
• Overseeing the effective approval of credit facilities to minimise delinquency.

Regulatory Compliance

• Update Business Rules and Internal Guidelines as per the latest MAS rulings.
• Ensure compliance / adherence with credit policies and regulatory guidelines.
• Responsible for all credit perspective of retail facilities including ensuring compliance/ adherence with credit policies, guidelines and regulations, portfolio review.

Any other responsibilities/tasks as assigned by the Management from time to time.

Requirements:

Qualifications

• Degree

Relevant Work Experience

• At least 10 years experience in credit management

Technical/Functional skills

• Strong knowledge in credit assessment
• Strong knowledge of Retail Banking (Secured & Unsecured) credit facilities
• Strong knowledge of Banking Systems
• Strong knowledge of banking instruments, local banking laws and MAS guidelines
• Strong knowledge of credit assessment methodology and MAS reporting

Personal Skills (Soft Competencies)

• Analytical judgement for proper credit evaluation of facility applications in accordance with policies and procedures
• Able to prioritize and multitask
• Meticulous, accurate, independent and possess good problem solving skills
• Good verbal and written communication skills