Vice President / Director, Loan Capital Markets Dept Asia Pacific

Sumitomo Mitsui Banking Corporation; Singapore; On-site; SGD 120,000 - 180,000; Full time

Job summary

A leading company in the banking sector is seeking an independent leader for its Credit Risk Insurance initiatives. The role involves developing compliance frameworks, managing broker relationships, and ensuring successful market placement of insurance products in the Asia Pacific region.

Qualifications

• Masters or Bachelor's Degree required.
• Minimum of 10 years experience in Banking or Credit Insurance.
• Strong credit analysis and structuring skills necessary.

Responsibilities

• Develop operational and compliance framework for Insurance business.
• Manage relationships with brokers and underwriters.
• Lead transaction distribution for Credit Insurance in Asia Pacific.

Skills

Credit Analysis

Structuring Skills

Sales Focus

Communication Skills

Interpersonal Skills

Education

Masters or Bachelor's Degree in Business Administration, Finance, or Accounting

Tools

Microsoft Office

Job description

Job Summary

The position requires an independent leadership role to deliver on Credit Risk Insurance business initiatives and to continue growing placement volumes in Asia.

Key Responsibilities

1. Develop a robust operational and compliance framework for the Insurance business, ensuring adherence to HO and APAC regulations and internal guidelines.
2. Monitor and ensure the timely execution, reporting, filing, and completion of compliance activities as per the Insurance Manual.
3. Handle all solicitation, execution/placement, monitoring, and reporting related to Credit Insurance for SMBC in Asia Pacific (trade and non-trade) and East Asia (non-trade).
4. Lead transaction distribution and provide structuring inputs to maximize underwriter interest and facilitate successful market placement.
5. Manage relationships with credit risk insurance and surety teams of brokers and underwriters.
6. Coordinate with front office, credit, legal, compliance, and global insurance teams.
7. Assist the front office in claims recovery on insured transactions.

Job Requirements

1. Masters or Bachelor's Degree in Business Administration, Finance, or Accounting.
2. Minimum of 10 years of experience in Banking or Credit Insurance markets involving underwriting and/or placements.
3. Strong credit analysis and structuring skills.
4. Deep understanding of Credit Specialties Markets and insurance products.
5. Proficiency in insurance documentation and policy wordings.
6. Strong relationships with market players such as brokers and insurance counterparties.
7. Proven sales focus and closure skills.
8. Proficiency in Microsoft Office (Word, Excel, PowerPoint).
9. Good communication and interpersonal skills.
10. Attention to detail and ability to work under pressure.
11. Self-driven with a positive attitude.