Credit Risk Modelling Specialist

SING INVESTMENTS & FINANCE LIMITED; Singapore; On-site; SGD 90,000 - 130,000; Full time

Job summary

Sing Investments & Finance Limited is seeking an Assistant Manager - Credit Risk Modelling Specialist in Singapore. The role involves developing and implementing credit risk models, including internal rating systems, stress testing and validation, while monitoring portfolio risk and reporting to the Risk Management Committee.

The candidate should have a degree in Mathematics, Finance, or Statistics with at least 2 years of credit risk experience and strong modelling, analytical, and data

Qualifications

• Degree in Mathematics, Finance, Statistics or related field.
• 2+ years of credit risk experience preferred.
• Strong understanding of credit risk management and modelling concepts.
• Familiarity with IFRS9 regulatory requirements.
• Solid financial modelling, statistical, and analytical skills.
• Proficiency in MS Excel; programming knowledge a plus.

Responsibilities

• Assist in developing and implementing models for Credit Risk (including internal risk rating, stress testing, back testing and validation).
• Monitor and highlight breaches/excesses in bank counterparty limits and share financing portfolio insights to management.
• Prepare credit risk reports and analyses for Risk Management Committee meetings.
• Develop credit rating criteria and methodologies for SME and retail banking; support model validation and data management.

Skills

Credit Risk Modelling

Stress Testing

Data Analysis

Regulatory IFRS9

Financial Modelling

Excel

Matlab

Education

Bachelor’s degree in Mathematics/Finance/Statistics

Tools

Matlab

Job description

Assistant Manager - Credit Risk Modelling Specialist

About The Company

Sing Investments & Finance Limited (SingFinance) has more than 60 years of lending experience in the financing arena in Singapore. Our core activities include the acceptance of fixed and saving deposits from the public as well as the provision of loans and credit facilities to individuals and corporations, particularly the Small and Medium Enterprises (SMEs) in Singapore. The relationships that have been built over the years have earned us the reputation as one of Singapore’s trusted finance companies. We are seeking dynamic individuals to grow with us and to continue building relationships with our valued customers.

Responsibilities

• Assisting the development and implementation of models for Credit Risk (including internal risk rating system, stress testing, back testing and validation). You will also monitor and highlight to management incidences of breaches / excess in bank counterparty limits and share financing portfolio.


• Prepare credit risk reports and analysis for the Risk Management Committee meeting and ensure that the risk framework, structure, policies & procedures remained aligned to the Company’s risk appetite, business and regulatory requirements.


• Possess relevant modelling expertise in Credit Risk to develop credit rating criteria and appropriate methodology for obligor’s risk profile for SME and retail banking.


• Possess strong knowledge and experience in model development, validation, documentation and data management skills.

Requirements:

• Minimum Degree level - preferably in Mathematics / Financial / Statistics or related subject


• At least 2 years’ experience in credit risk, having experience in internal credit risk modelling is highly preferred


• Sound theoretical and practical understanding of credit risk management


• Knowledge of regulatory / IFRS9 requirements relating to credit risk


• Accomplished financial modelling, statistical and analytical skills


• Proficient in Microsoft Office and Excel, with knowledge in programming (Matlab) is an advantage


• Experience in retail and commercial banking products and services


• Understanding of the structure and risks inherent in banking products


• Ability to work independently and assume responsibility for project deliverables


• Strong initiative to proactively find solutions to requirements


• Thorough attention to detail and accuracy

*Corporate rank and remuneration will commensurate with experience

Only shortlisted candidates will be notified.