Senior Credit Officer, Specialised Finance Risk (Hong Kong, Singapore)

Accounting / Audit • Full Time • Central And Western District, Hong Kong, HK • 5d ago

Job Summary

As SCO, Specialized Finance (“SF”) Risk, the role holder will be responsible for the second line of defence responsibilities related to Credit Risk, which involves oversight and challenge of risk management actions from the First Line, including the following:

The Group’s Enterprise Risk Management Framework (“ERMF”) with regards to Credit Risk, which sets out the Group’s approach to risk management and the control framework within which risks are managed and risk-return trade-offs are made. Ensure that the relevant first and second line owners understand and accept their risk management responsibilities.
The Group’s Risk Appetite Framework, with regards to Credit Risk, which sets out the Group’s appetite to material risk types that it is exposed to. As Senior Credit Officer (SCO), SF Risk, monitor compliance to Board approved risk appetite; and highlight significant matters to the attention of senior management and senior risk committees.
Ensure a robust effectiveness review process for the ERMF with regards to Credit Risk and escalate significant matters and/or gaps in ERMF implementations to senior management and the relevant Board level committees as relevant.
Building a culture of good conduct in the Risk function and embedding the Risk Culture statement as described in the ERMF.
Final credit decisions for wholesale lending facilities
Managing a Senior Credit Manager

Responsibilities

This role’s responsibilities would encompass governance and management of exposures to/for Private Equity and Other Investment Funds, (“Financial Sponsors”) primarily for the APAC region but also supporting other regions as needed:

Approval, management and ongoing monitoring of Subscription Finance exposures for Corporate & Investment Banking (CIB) within the Bank (including the SMA related Subscription Finance exposures).
Approval, management and ongoing monitoring of NAV / Hybrid / GP / Bespoke Credit Solutions exposures for CIB.
Approval, management and ongoing monitoring of any exposures (including Cat 1, 2, 3 and 5 facilities) with its credit base reliant primarily or partially on Financial Sponsors, Financial Sponsor owned entities (excluding non-recourse Portfolio Companies exposure as detailed below), General Partners, or Management Companies. In case of partial reliance, responsibility would be in partnership with Credit Officers covering the remaining credit base.
Approval, management and ongoing monitoring of Commercial Real Estate (CRE) Loan on Loans.
Oversight of overall Financing exposures (including Portfolio Companies and other non-recourse exposures) across Financial Sponsors within CIB with a view to manage Sponsor concentrations and providing Risk review and challenge to the business strategy related to Financial Sponsors.
The responsibility includes assets originated by the 1LoD across both the Banking and Trading Book.
Governance for the above portfolios including, but not limited to timely and relevant updates / renewals of Credit Underwriting Principles for the various products, engaging with Audit / CRR on audit requirements, engagement on regulatory deliverables, engagement on models, stress testing, leading and driving any Projects in the space, etc.
For clarity, Financial Sponsors as defined above would exclude Sovereign Wealth Funds, Pension Funds, Real Money Funds and Hedge Funds, which will continue to be managed by FIR and TRM teams respectively.
Role holder’s responsibilities do not extend to the following which are the responsibility of the relevant Business CEOs and Leaders:
Completeness and accuracy of the business credit application and capture of critical information required for credit risk measurement and credit analysis.

Qualifications

Market knowledge: Strong market knowledge and 10 years of experience in Risk management in the Banking and Finance industry covering Private Equity / other Funds. Knowledge of the market in Asia desirable.
Business strategy and model: sharp business acumen (including ability to assess risk and appropriate levels of return), strong leadership qualities, excellent interpersonal skills and multi-cultural awareness.
Risk management and control: demonstrated track record in successful management and ability to manage risk in geographically dispersed and highly varied product base. Expertise in process design and control.
Regulatory framework and requirement: awareness and understanding of the regulatory framework in which the firm operates and the regulatory requirements and expectations relevant to the role of SCO, Specialised Finance Risk.
Non technical skills: significant relationship management experience- with external stakeholder at the most senior levels, including regulators and rating agencies

What we offer

In line with our Fair Pay Charter, we offer a competitive salary and benefits to support your mental, physical, financial and social wellbeing.

Core bank funding for retirement savings, medical and life insurance, with flexible and voluntary benefits available in some locations.
Time-off including annual leave, parental/maternity (20 weeks), sabbatical (12 months maximum) and volunteering leave (3 days), along with minimum global standards for annual and public holiday, which is combined to 30 days minimum.
Flexible working options based around home and office locations, with flexible working patterns.
Proactive wellbeing support through Unmind, a market-leading digital wellbeing platform, development courses for resilience and other human skills, global Employee Assistance Programme, sick leave, mental health first-aiders and all sorts of self-help toolkits
A continuous learning culture to support your growth, with opportunities to reskill and upskill and access to physical, virtual and digital learning.
Being part of an inclusive and values driven organisation, one that embraces and celebrates our unique diversity, across our teams, business functions and geographies - everyone feels respected and can realise their full potential.

www.sc.com/careers

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