Job Responsibilities Responsible for leading and managing ICR function; i.e. ensure that the scope, depth and frequency of the review is commensurate with the significance of a particular area or activity to the Bank's credit risk profile. The scope of work includes, but is not limited to, the following: whether credit decisions are in compliance with the credit risk strategy and internal credit risk policies; quality of credit risk assessment and rigour of credit approval processes; reliability and accuracy of the materials / information obtained for credit decisions (e.g. financial analysis, management reports, etc.); scope, effectiveness and timeliness of credit risk monitoring activities; accuracy and timeliness of ratings assigned to counterparties; appropriateness of credit classifications and provisioning levels; and compliance with the applicable and relevant regulatory requirements (including AMLATFA related controls). In the course of review, the focus should at least include: identifying material credit and other related risks, evaluating control effectiveness and recommending appropriate mitigation for managing such risks. Major Accountabilities 1. Annual Planning On annual basis, the OIC shall undertake the risk-based planning for identifying critical areas to be included in the ICR annual plan; and to develop a flexible review strategy using appropriate risk-based methodology (that covers business process risk assessments for key business lines). To establish work plans (including project schedules) based on the ICR annual plan; and to execute the project accordingly. The OIC shall monitor status of completion to ensure deliverables are met. The credit coverage shall at least include:- retail borrowers, commercial & corporate borrowers, financial institutions, commercial bond issuers, etc. 2. Project Planning Preparation, planning and execution of an efficient, cost effective ICR review; identification of emerging issues that may impact the Bank's credit risk profile; and development of review programs (or test steps) and methodologies. 3.Project Execution Each review project shall be diligently performed; whilst the outcomes of the review shall be adequately supported with detailed assessment; which include evaluating the adequacy of the credit risk profile in meeting business and control objectives. Ensure the department's standards are maintained in completion of project/ assignments. 4. Problem Identification & Resolution Identify and assess materiality of risk & control weaknesses ensuring facts are gathered and full meaning is understood. Also, to identify underlying causes of risk & control weaknesses and provide practical recommendations as to how they can be mitigated. Draft out the credit issues/findings (which are identified from the ICR review); together with the corresponding responses/action plans for discussion with the responsible department(s) and subsequently presentation to the management. Follow-up on the outstanding credit issues (which are identified from the ICR) for timely resolution. 5. Reporting For each project/review, the OIC needs to express an opinion on the effectiveness of and adherence to the credit risk management processes, internal controls, governance arrangement; as well as applicable laws and regulations upon completion. As regards, the OIC is responsible for preparing reports; i.e. providing concise & accurate information on the condition of the areas/activities reviewed and adequacy/effectiveness of the risk management controls over the credit related operations. The OIC shall report timely the outcomes/issues of, including any recommendations arising from, the ICR review to the SM, AC & BRMC respectively. 6. Self/Staff Development and Teamwork Prepare periodic or annual performance self-assessments for measurement of performance. Keep abreast of changes in laws, regulations, professional standards and changes in the Bank that could affect the business risk profile. Manage the development of staff by providing direction and coaching; sharing of technical skills/knowledge to other staff through peer discussions (where applicable). 7. Internal/External Communication Maintain effective communication with the internal and external parties; which include the relevant departments, the management and the regulators. Maintain a professional relationship with the internal audit function in a co-operative manner and with effective communication. * Note: In the event of disagreements between the ICR function and internal audit function (arising from the internal audit assessment); CCO shall on best effort find an amicable resolution within a balanced perspective 8. Others As advised by the CCO or requested by the Management, to carry out specific projects or investigations. Job Requirements At least a Bachelor degree in finance, banking, accounting or equivalent from a reputable university. Possesses the professional certifications; (i.e. CBA, Professional Credit Certification in Business and any other recognised credit professional certifications) will be an added advantage. Minimum of 8 years of experience in broad knowledge of credit risk management is essential, covering credit products, risk management and operations. Strong analytical skills and resourceful of business/industry development. PC literate preferably in Windows Microsoft Office (e.g. Words, Excel, etc) Good communication skills in English and/or Mandarin (both verbal and written) Show more Show less