Senior Global Private Banking Credit Risk Approver - Risk and Compliance

HSBC; Singapore; On-site; SGD 120,000 - 180,000; Full time

Job summary

HSBC is seeking a Senior Global Private Banking Credit Risk Approver to play a pivotal role in assessing credit risk within its Global Private Banking division. This key position involves rigorous risk management, client engagement, and collaboration with various teams to uphold high standards in credit operations. Successful candidates will be instrumental in minimizing credit losses and ensuring compliance with regulatory activities.

Qualifications

• Proven experience in credit risk assessment and approval.
• Knowledge of regulatory compliance in banking.
• Excellent interpersonal skills for client engagement.

Responsibilities

• Assess and approve credit requests and renewals.
• Engage with clients and manage credit risks effectively.
• Oversee credit activities by associated teams.

Job description

Some careers have more impact than others.

If you’re looking for a career where you can make a real impression, join HSBC and discover how valued you’ll be. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support, and rewards that will take you further.

Regulatory Compliance ensures adherence to applicable regulations and standards by setting the policies which cover HSBC’s regulatory requirements, and mitigate conduct and reputational risk issues. The team strives to remain ahead of the regulatory change agenda and ensures the business understands the implications and is prepared for change. It monitors how the Global Businesses and Functions manage their responsibilities with regard to complying with the regulations and helps resolve compliance deficiencies.

We are currently seeking a high-calibre professional to join our team as a Senior Global Private Banking Credit Risk Approver.

Principal Responsibilities

In this role, you will:

1. Be a senior Global Private Banking (GPB) Credit Risk approver covering Global Private Banking and will be responsible as a key GPB structured lending credit risk assessor and approver to GPB products.
2. Assess, review, and approve new and interim credit requests (including increase/reduce limit, limit reallocation, amendments to credit facilities) and credit renewals/credit reviews in accordance with Delegated Credit Approval Authority. Where the limits exceed your authority level, make relevant recommendations to the relevant Credit Authority holder for approval.
3. Engage with external clients through meetings.
4. Perform credit risk monitoring and control, including daily risk management on shortfall/margin call and limit excesses to ensure the portfolio is sound and secure. Manage credit losses at first instance to minimize them.
5. Oversee credit risk activities/work performed by Offshore GSC Credit Approval Team and GSC Product Risk Team.
6. Provide guidance and feedback to GPB Business and Credit Advisory teams.
7. Ensure appropriate underwriting, monitoring, and control standards are in place for GPB Credit Advisory.
8. Support key initiatives on streamlining processes and undertake ad hoc projects as assigned.