Head of Credit Management

MERRIES EMPLOYMENT LLP; Singapore; On-site; SGD 120,000 - 160,000; Full time

Job summary

A leading employment agency in Singapore is seeking a Head of Credit Management to oversee credit operations and implement risk management strategies. The ideal candidate will have over 15 years of experience in credit risk management within the financial industry and possess strong analytical capabilities. This role requires excellent stakeholder management, communication, and problem-solving skills. Interested applicants should submit their resumes per the instructions provided.

Qualifications

• 15+ years of experience in credit risk management or related roles.
• Strong knowledge of financial products and regulatory frameworks.
• Experience in leading and managing teams.

Responsibilities

• Lead the credit operations and implement risk policies.
• Ensure alignment with business objectives and industry standards.
• Develop systems and controls for managing risk exposures.

Skills

Analytical skills

Risk assessment

Stakeholder management

Communication skills

Problem-solving

Education

Degree in Business, Finance, or Economics

Master's degree or relevant certifications (CFA, FRM)

Job description

Roles & Responsibilities

• The Head of Credit Management will lead the firm's credit operations, implementing risk policies, processes, and strategies to ensure effective risk management and support business growth.
• Lead the Credit Management department, ensuring policies, systems, and procedures align with business objectives and industry standards.
• Review and manage trading representatives’ and clients’ trading exposures and limits.
• Monitor the collection of outstanding contra losses, prepare and review monthly status reports, and address escalations effectively.
• Liaise with solicitors on litigation matters and represent the firm in credit-related legal and regulatory inquiries.
• Respond to Stock Exchange (e.g., SGX) queries related to trading representatives or clients.
• Approve various requests, including amendments, payment extensions, privilege waivers, and trust account withdrawals.
• Oversee financial matters such as remisiers’ commission payments, dealer statements, and payouts, ensuring compliance with risk and credit policies.
• Address complaints from trading representatives and clients professionally while adhering to regulatory and internal policies.
• Develop and enforce systems and controls to manage risk exposures, ensuring compliance with SGX, MAS, and other regulatory requirements.
• Provide strategic insights and detailed reports to senior management, highlighting credit risk trends, regulatory updates, and mitigation strategies.
• Monitor trading exposures and manage contra losses proactively.
• Ensure alignment with regulatory requirements and implement robust credit risk management practices.
• Handle client and trading representative queries, including those from Stock Exchanges, in a timely and accurate manner.

Requirements

• A degree in Business, Finance, or Economics; a master’s degree or relevant certifications (e.g., CFA, FRM) is preferred.
• At least 15 years of experience in credit risk management or related roles within the securities brokerage or financial industry.
• Strong analytical and risk assessment capabilities.
• Comprehensive knowledge of financial products and regulatory frameworks, including SGX and MAS requirements.
• Exceptional skills in stakeholder management and communication.
• Proven experience in leading and managing teams.
• Detail-oriented with excellent problem-solving and decision-making skills.

By sending your job resume to us, it shall be deemed that you have agreed and hereby give your consent to Merries Employment LLP in collecting, using and/ or disclosing your personal data for the purpose of accessing and processing your job application and/ or for future job opportunities within Merries and/ or with the client(s) of Merries. If you wish to withdraw your consent, please notify us.

We regret to inform only shortlisted candidates will be notified.

Merries Employment LLP

EA Licence No: 14C7362

Posting Personnel: Kong Fong Ting
EA Personnel Registration No: R1987853