Credit Officer (Technology, Media and Telecommunications)

COMMERZBANK AKTIENGESELLSCHAFT; Singapore; On-site; USD 80,000 - 120,000; Full time

Job summary

An established industry player is seeking a skilled Credit Officer to support their TMT Desk in Singapore. This pivotal role involves conducting detailed credit risk assessments for large corporates in the TMT sector, ensuring compliance with risk management policies, and collaborating with various branches internationally. The ideal candidate will have a strong background in risk management, excellent analytical skills, and the ability to communicate effectively with clients and teams across different time zones. Join a dynamic team that values initiative and teamwork while contributing to the growth of corporate credit risk management.

Qualifications

• 5+ years of experience in Risk Management with TMT corporates.
• Strong knowledge of commercial banking products.
• Formal Credit risk training and understanding of lending principles.

Responsibilities

• Conduct credit risk assessments and prepare credit applications.
• Monitor portfolio and evaluate credit conditions of transactions.
• Participate in client visits for information gathering.

Skills

Credit Risk Assessment

Risk Management

Financial Analysis

Client Liaison

Team Collaboration

Industry Trends Monitoring

Education

University degree in Accounting/Business/Finance

Postgraduate qualifications in finance

Tools

Microsoft Excel

Financial Modelling Software

Presentation Software

Job description

Job purpose:

Specific to this role: Credit Officer supporting the TMT Desk in the Singapore Branch International Corporates business line, located in the Singapore Branch.

This is a Group Risk Management role working closely with the TMT Relationship desk (3 pax) with focus on detailed credit risk assessment and obtaining the credit decision. The credit risk assessment is on large corporates and its subsidiaries, in the TMT sector – mostly headquartered, but not limited to, Asia. There will be coordination with the NY Branch on corporates headquartered in the USA and some liaison with European branches, China and Japan.

Generic to Credit Officer role: Guided by the highest quality standard in decision-making, the Credit Officer (CO) decides and is primarily responsible for credit synopses which he/she processes himself/herself or within his/her group, distributes within the group according to difficulty and complexity, and discusses in individual cases. In order to obtain adequate information he/she regularly participates in client visits.

The CO is responsible for the risk result and the risk quality of the credit portfolio within his/her responsibility. The CO shares responsibility for the performance (gross / value contribution margin) of the exposure he/she processes in the corporate lending business. In the context of managerial duties, the CO is guided by the Bank’s strategic goals, business policy focus and, in particular, its credit risk strategy. In addition, the CO ensures compliance with Service Level Agreements entered into with Market units (Time to Market). He/she disposes of extensive competencies and lending authorities and uses them in responsible manner within his portfolio responsibility and to influence a risk adequate pricing. Cases within his/her own 4 eyes-lending authority he/she acts as final decision maker and cannot be overruled on his/her authority level by the market side. For superseding authority levels, the CO adopts the higher competence, submits decision proposals and exposes files when indicated in the decision-making bodies of the segment credit committee of Corporate International or, if applicable, in the Group credit committee (KK).

In the context of his executive function the CO promotes self-initiative, readiness to perform, constructive co-operation and team spirit through clear job definition, delegation of responsibility and adequate information.

In his/her team the CO points out deficits as well as necessities for improvement and pursues these consistently. He/she continuously optimizes task execution and promotes exchange of information, ideas and experience.

Key activities:

Specific to this role:

• New position in Corporate Credit Risk Management to support growth initiatives of the TMT desk.
• Strong track record as risk manager. Mandatory - good experience of risk assessment of TMT corporate clients and their subsidiaries with focus on Asian names. Good understanding of the TMT supply chain and industry. Products: Supply Chain Financing, Receivables Finance, Factoring, Inventory Finance, Securitisation, Syndicated and Bilateral Loans, Various types of Guarantees, Derivative products and Trade Finance.
• Strong ability to confidently participate in meetings with clients where required.
• Liaison and close working involvement with the Credit Officers and Managers in other Commerzbank branches and across different time zones.
• Evaluation and structuring of potential transactions within risk guidelines and policies including the preparation of Credit Applications and Internal Credit Ratings. Including earnings, debt and cash flow modelling, return analysis as well as coordination with other bank support functions in connection with transactions in the existing portfolio. Involvement in post approval documentation.
• Where required, assist in the external due diligence process as part of the credit process.
• Monitoring of portfolio will include evaluation of potential deteriorations in the credit condition of individual transactions. Stay up to date on industry trends and current market conditions.

Generic to Credit Officer role:

• To improve risk result and risk quality (risk mitigation) of the credit portfolio within his/ her decision-making authority
• To ensure a well-balanced situation between risk and earnings
• To analyse the financial and economic situation of the borrower (incl. balance sheet analysis on internationally accepted accounting principles, business development trends, in particular future-orientated cash flow analysis etc.) and decision-making regarding case-related core segmentation criteria
• To be involved in the gathering of information about customer, as well as about current development of respective industry sector i.e. regular participation in customer visits
• To ensure a consistent, risk-sensitive and rule-compliant rating assessment
• Risk identification and early recognition, perception of potential risks
• Classification of risk (depending on the situation) in dialogue with other COs to guarantee a consistent and coherent credit policy
• Consideration of portfolio targets within one’s area of responsibility, including controlling and reporting
• Investigation, definition and rule-compliant reporting of engagements with significantly downgraded creditworthiness (Intensive Care)
• Duty to inform Local Credit Officer (LCO) concerning process disruptions, problem issues and significant individual case decisions
• Compliance with Service Level Agreements (qualitatively and quantitatively)
• To ensure data quality in consideration of regulatory standards,
• Promotion of know-how transfer, expertise and teambuilding
• Supply of information from his/her own sphere of activity for the preparation of Industry Batches
• To support the Local Credit Officer (LCO) in risk management related tasks e.g. portfolio analysis
To participate in projects and to lead them if required

Formal education:

• University degree in Accounting / Business / Financial discipline.
• Other postgraduate of professional qualifications in finance related fields.
• Language Skills: English: Business/Fluent; Additional (advantage): Mandarin, German

Specialist knowledge (work experience, further qualification):

Work experience

• Minimum 5 years for AVP level, 7 years for VP level, 10 years for Director level of Risk Management experience with coverage of TMT corporates within an European Bank (preferred), International bank, or Leading Rating Agency. (Mandatory).
• Demonstrable track record of transaction execution across multiple TMT corporates / sector. (Mandatory).
• Demonstrable knowledge of the TMT supply chain and industry trends.
• Strong knowledge of commercial and corporate banking products – with focus, but not limited to, Supply Chain Finance, Receivables Finance, Securitisation, Factoring and Inventory Finance.
• Formal Credit risk trained and full understanding of lending principles. (Mandatory)
• Experience with post-approval loan documentation. (Mandatory)
• Excellent communication in English as well as presentation and marketing skills. Business-level Mandarin preferred but not a necessity. Basic German language an advantage. Open to travel on an ‘as required’ basis.
• Extensive experience with Microsoft Word, Excel, PowerPoint, especially financial models, and rating systems (Mandatory)
• Positive attitude to take on special tasks involving inter branch liaison and dealing with Head Office on risk operational issues.
• Ideally has existing network in TMT sector.
• Detailed knowledge of loan and security documents.
• Knowledge of general and internal regulations, workflows and local (MAS) regulatory guidelines
• Knowledge of a future-orientated cash flow analyses
• Knowledge of the evaluation, implementation, and monitoring of portfolio structures
Knowledge of the general sector analysis

Further Qualifications

• Self-confident, willing to make decisions and able to justify and communicate professionally, calmly, and clearly. Able to approach problems and resolve potential conflicts in a constructive and structured manner.
• Strong team player.
• Self-motivated and resourceful. Ability to handle multiple tasks and adapt to a changing business environment.
• Ability to work under time pressure.
• High level of initiative and responsibility