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Credit Management department is the second line of defence (2LoD) credit function that is responsible to prepare risk assessment reports and credit recommendations in support of existing and new business for the Bank. As a Vice President - Credit Analyst, you will be responsible for ongoing monitoring of customers’ credit. You will support the 1LoD coverage in defining and enhancing business strategy for full alignment with the Bank’s risk appetite statements. You will develop robust credit practices between 1LoD and 2LoD for effective end-to-end credit management process. You will be managing the Due Diligence Team – Corporates. This is a full time permanent position.
Key responsibilities
* Assess proposals submitted to Credit Management department from the Bank’s front office departments and write credit reports in respect of the business proposals. This includes research and evaluation of counterparty management, industry and transaction risk, financial accounts, cash flows and forecasts
* Compose and update credit applications including waiver requests, limit renewals and proposals for new transactions
* Attend Credit Committee to present a summary of the credit reports and answer any questions from the Committee members
* Support 1LoD coverage in business strategy definition and in on-boarding new Financial Institutions and Corporate clients
* Regularly monitor the risk situations of borrowers in an allocated portfolio as well as industry risks where particular responsibility for an industry has been allocated
* Review and enhance select internal processes with a view to adopt a dynamic risk-based approach commensurate with the low risk profile of the Corporate portfolio
* Develop and maintain financial models aimed at automating a number of tasks not limited to the collection of historic financials and various models aimed at monitoring credit and market signals
* Ensure the compliance with departmental procedures manuals
* Manage the CCMS approval process from start to completion and work with front office to manage time frames and expectations
* Advise internal stakeholders on topics such as business strategy, product launches, portfolio management and monitoring
* Promote engagement with Head Office and overseas branches on the coverage of the Corporate portfolio across Bank of China Group
* Manage and supervise the team including individual allocated portfolio
* Guide the team members to conduct the credit assessment and credit approval procedure
Requirements
* Degree educated preferably in Finance, Business or Economics
* Experience of Leveraged Finance and Project Finance would be an advantage
* Relevant professional qualification is considered useful (e.g. ACIB, CFA, FRM)
* Comprehensive knowledge of Banking products and risks associated with them
* Comprehensive knowledge of legal documentation specific to Banking and CCP businesses
* Demonstrated financial and modelling skills
* Team player
* Highly organised and able to work in a fast paced environment
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