Risk Specialist - Credit Monitoring (Manager) | Singapore, SG

Bank of Singapore; Singapore; On-site; SGD 72,000 - 108,000; Full time

Job summary

Bank of Singapore seeks a supportive and detail-oriented Risk Specialist in Credit Monitoring. The ideal candidate will manage credit processes, ensuring accuracy and compliance across various credit systems. Responsibilities include liaising with external parties, managing collateral, and preparing reports. Candidates with a graduate degree and experience in credit administration will find this opportunity rewarding.

Benefits

Attractive remuneration package

Non-financial benefits

Opportunities for professional development

Qualifications

• Minimum 3 years of experience in credit administration.
• Understanding of the credit end-to-end life cycle.
• Demonstrates interest in financial markets.

Responsibilities

• Perform input and authorisation of facility static information.
• Maintain and manage list of non-cash collateral.
• Daily monitoring of credit / regulatory violations.

Skills

Credit administration

Understanding of risk and control concepts

Prioritization and organizational skills

Flexibility and adaptability

Microsoft applications

Education

Graduate degree in banking/finance

Job description

Risk Specialist - Credit Monitoring (Manager)

Bank of Singapore Singapore Apply now Posted 24 hours ago Permanent Competitive

Risk Specialist - Credit Monitoring (Manager)

Bank of Singapore Singapore Apply now

At Bank of Singapore, we are constantly on the lookout for exceptional individuals to join our team. We promote a culture of openness, teamwork and fairness. Most importantly, we invest in our people through our programmes that develop them on both professional and personal levels. Besides attractive remuneration packages, we offer non-financial benefits and opportunities to develop your potential within OCBC Group’s global network of subsidiaries and offices. If you have passion, drive and the will to succeed, rise to the challenge today!

Bank of Singapore opens doors to new opportunities.!

• Perform input and/or authorisation of facility static information into various credit systems based on credit approvals
• Perform input and/or authorisation of non-marketable collateral static information into various credit systems based on credit approvals
• Maintain and manage list of non-cash collateral for timely follow ups of updated property valuations, insurance cash surrender values, fire insurance, etc.
• Liaise with external parties for credit related activities such as redemption of property, requesting for property valuation reports, insurance cash surrender values updates, etc.; any deviations to be escalated internally for resolution
• Serve as the last line of defense between approval and limit loading in ensuring that all relevant approvals, credit documentation are in place before availing limits
• Maintain credit files
• Daily monitoring of credit / regulatory violations (margin shortfalls, limit excesses, including violations without prior approval) for Singapore and Hong Kong booking centres; follow up with Front Office till resolution. Ensure that credit violations are escalated and reported in a timely manner to the relevant parties
• Maintain accurate records of margin exceptions approved and ensure timely follow up when due for renewals; provide timely submission of internal charges borne by Front Office
• Prepare and issue margin call, demand and/or ad-hoc credit letters
• Monitor and track post drawdown conditions, ensuring appropriate and timely escalations to the relevant parties
• Review and calculate portfolio transfer requests and redemption requests
• Prepare internal reports for internal and external stakeholders
• Assist with the review of and update of procedures and guides
• Provide effective support for queries from Front Office
• Contribute to the successful delivery and enhancements of systems and processes
• Contribute to additional assignments designated by Head of Post Approval

Requirements

• Preferably graduate degree in banking/finance but not absolutely necessary provided candidate has the relevant experience
• Candidate should have minimum 3 years of experience in credit administration
• Understand the credit end-to-end life cycle, and preferably with reasonable familiarity in the areas of mortgage restructuring and amortizing loan structures
• Demonstrate interest in the financial markets and good understanding of risk and control concepts
• Able to prioritise, organize and work independently
• Demonstrate flexibility and willingness to accept new assignment and challenges in a rapidly changing environment
• Sound knowledge of Microsoft applications is a pre-requisite

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Asia's global private bankBank of Singapore is a wholly owned subsidiary of OCBC Bank, Southeast Asia’s second largest bank. Headquartered in Singapo...

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