Credit Risk Management - Governance Team AVP

Overview

The position will conduct varies of credit risk management duties, focusing on the credit portfolio analysis and risk reporting. 

Responsibilities

Include but are not limited to:

 

Allowance for Credit Losses Management

• Lead the estimation process for credit loss allowances, ensuring accuracy and adherence to accounting standards (e.g., CECL, IFRS 9)
• Prepare and review internal reports and presentations related to credit losses for senior management and regulatory bodies
• Collaborate with model team and data team to refine methodologies and improve predictive analytics
• Establish and maintain policies and procedures for credit loss estimation and reporting
• Ensure compliance with regulatory requirements and internal controls related to ACL
• Work closely with credit officers, finance, and accounting teams to ensure alignment on credit loss estimation processes and assumptions

Credit Risk Monitoring and Reporting

• Monitor the Bank’s credit risk profile, including but not limited to asset quality, change of portfolio composition, concentration, rating migration and changes of loan provisions; work with CRM’s internal team to ensure correct calculation and reporting of credit risk metrics
• Monitor and prepare report regarding adherence or breach to risk metrics; Maintain liaison with Head Office for effective communication and responsible for channeling loans that require HO approval
• Prepare credit risk reports to committees on monthly basis to Credit Risk Committee, to Risk Management and Internal Control Committee and the Board meeting quarterly
• Prepare portfolio report and analysis including but not limited to Key Risk Indicators, exposure, credit rating, concentration and exception management
• Provide periodic report to Head Office, including but not limited to asset quality report, credit risk report, credit counterparty risk report, major event report etc.

Credit Risk Policies and Procedures

• Enhance existing credit policies and procedures in line with industry practice, regulatory guidance and guidance from Head Office

Regulatory and Audit Liaison

• Assist in the Bank’s communication with regulators and/or auditors regarding credit related issues
• Coordinate internal/external audit or regulatory examinations, assist the Bank to prepare and respond to requests and questions
• Manage remediation process, including proposing action plans and track remediation progress

Risk Committee Secretary

• Propose meeting agenda
• Prepare and compile meeting materials
• Prepare meeting minutes

 

Qualifications

• Bachelor’s degree is required, preferably in Finance/Economics/Accounting major; MBA preferred
• 4 years of Credit Risk Management experience required

• Experiences in any of two areas: accounting/CECL/IFRS9, financial data/call report, management level credit risk reporting, programming or policy writing are required

• CECL and accounting knowledge is required 

• CPA/CFA/FRM is preferred
• Demonstrate knowledge in accounting 

Pay Range

Actual salary is commensurate with candidate’s relevant years of experience, skillset, education and other qualifications.

USD $65,000.00 - USD $150,000.00 /Yr.