Senior Vice President, Credit Risk Approver (Private Banking) - Risk and Compliance

HSBC; Singapore; On-site; SGD 150,000 - 200,000; Full time

Job summary

A leading global bank is seeking a Senior Vice President, Credit Risk Approver for its Singapore office. The role involves assessing and approving credit requests, ensuring credit quality, and identifying emerging risks in the Private Banking sector. Candidates should possess a degree in Finance or related fields with solid experience in the banking industry, particularly in credit approvals. Strong teamwork and time management skills are essential for success in this dynamic environment.

Qualifications

• Solid banking experience with an understanding of the Private Banking industry.
• Ability to present conflicting views clearly to First Line of Defence.
• Experience in PB structuring or credit approvals in Asia.

Responsibilities

• Assess, review and approve new and interim credit requests.
• Be the primary contact for Private Banking related matters.
• Maintain credit quality of the portfolio and minimize credit losses.
• Identify and highlight emerging risk issues.

Skills

Banking

Credit Risk Management

Team Collaboration

Time Management

Education

Degree in Banking, Finance, Business Administration, Accountancy or related discipline

Job description

Some careers have more impact than others.

If you’re looking for a role where you can continue to make an impression, take the next step at HSBC where your contributions will always be valued.

Global Risk is a thriving and expert risk management function supporting HSBC globally with all aspects of risk management. The team actively manages a varied and dynamic range of risk types, including security, fraud, information security, contingency, geopolitical, operational, credit, pension, insurance, market and reputation risks. All parts of the Global Risk team use their skills, insight and integrity to handle established threats and those they see emerging, acting to protect and enable HSBC to deliver sustainable growth.

We are currently seeking a high calibre professional to join our team as a Senior Vice President, Credit Risk Approver (Private Banking).

In this role you will need:

• 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 his/her authority level, make relevant recommendation to the relevant Credit Authority holder for approval
• Be the primary point of contact for the areas under responsibility for Private Banking related matters, including, but not limited to, approvals, pipeline discussions, portfolio reviews, management of problem exposures, and credit policies / guidelines / systems
• Maintain the credit quality of the portfolio and promote prudent lending principles to ensure strong asset quality and minimize credit losses
• Proactively identify and highlight emerging risk issues and sub-standard credit exposures and ensure appropriate action is taken to protect the Bank’s interests
• Perform credit risk monitoring and control, including daily risk management on shortfall/margin call and limit excesses to ensure portfolio is sound and secure. Credit losses, if any, will be managed at first instance and to be minimized
• Oversight of credit risk activities/work performed by Offshore Support Credit Approval Team and Product Risk Team
• Involve in credit related projects or represent the SG team in Private Banking / credit forums as delegated by Head of GPB Credit Risk from time to time
• Provide feedback and support to key initiatives on streamlining processes and undertake adhoc assignments from time to time

To be successful you will need:

• Degree holder in Banking, Finance, Business Administration, Accountancy or related discipline
• Solid and diversified banking experience and a thorough understanding of the Private Banking industry, lending practices, guidelines and appetite, as well as robust knowledge of Private Bank products offering
• PB structuring or credit approvals experience in Asia and/or in Emerging Markets
• Ability to deal with, and present conflicting views to First Line of Defence in a clear and succinct manner
• Demonstrated team player attitude with ability and willingness to reach out and help beyond the strict boundaries of the core role
• Good time management skills. Strong ability to prioritise and meet tight deadlines

Opening up a world of opportunity

HSBC is committed to building a culture where all employees are valued, respected and opinions count. We take pride in providing a workplace that fosters continuous professional development, flexible working and opportunities to grow within an inclusive and diverse environment. Personal data held by the Bank relating to employment applications will be used in accordance with our Privacy Statement, which is available on our website.

Issued by The Hongkong and Shanghai Banking Corporation Limited.