Vice President, Credit Risk Monitoring (Country Risk & Collateral Management)

Mandatory Reference Checking Scheme (“MRC”) for Hong Kong

The Mandatory Reference Checking Scheme is a framework to facilitate Authorized Institutions (“AIs”) to bilaterally obtain reference information during their recruitment process for certain positions, such that misconduct information in an individual’s previous employments can be provided to AIs to inform their employment decisions.

For information related to MRC Scheme, “Frequently Asked Questions for In Scope Individuals” is published by HKAB/Industry Guidelines ( https://www.hkab.org.hk/en/home ) or further information will be available upon request, if it is applicable to the position(s) applied.

Country of Location:

China Hong Kong

Job Responsibilities:

The job holder is responsible for the ongoing management of country risk and collateral to ensure compliance with the governance framework, and the continuous enhancement of the area.

• •Develop, implement and maintain the Bank's country risk management and collateral management framework, policies and procedures, ensuring alignment with relevant regulations (e.g. HKMA, NFRA) and Group policies, while providing independent oversight as the second line of defense.
• •Conduct analysis and prepare management information reports to identify trends and vulnerabilities, and any ad-hoc portfolio review for management oversight. Conduct checking on the accuracy of data used in reporting.
• •Drive risk initiatives for monitor exposure and identify potential risks in portfolios. Propose system enhancement changes, raise user requirements and conduct user acceptance tests.
• •Collaborate with business units, operations, legal, compliance and relevant stakeholders to provide guidance and risk management advice.
• •Ensure the robust country risk and collateral management framework is in place and the on-going maintenance of the country risk and collateral system.
• •Management of the country risk limits, including limit and country rating review, utilization monitoring, earmarking, taking control actions to lower the usage when trigger levels are reached.
• •Establish and monitor collateral concentration limits, ensuring effective collateral management at portfolio level.
• •Formulate and review the Bank’s collateral haircut methodology and eligibility framework, ensuring compliance with regulatory requirements and policy standard.

Requirements:

• •Degree holder in Finance, Accounting, Statistics, Risk Management or related discipline.
• •Minimum of 8 years’ experience in credit risk management, credit portfolio monitoring in bank is preferred.
• •Experience in IT projects and credit related system implementation.
• •Proficiency in SAS, Python, VBA, MS Office is a plus.
• •Self-motivated, detail-minded, organize and able to work independently
• •Good communication and interpersonal skills
• •Good command of written and spoken English and Chinese (including Putonghua)