Job Purpose:
Responsible for providing leadership, oversight and effective implementation of Company's retail risk management framework covering credit and liquidity risk dimensions; and support market risk management activities where applicable.
Credit Risk
- To manage the Company's retail lending portfolio by assessing, managing, and mitigating credit risk.
- To understand the key drivers of credit risk, manage portfolio risk, and maximize the risk return profile of consumer retail portfolios.
Liquidity Risk
- To manage the Bank's liquidity risk by assessing and monitoring the Bank's liquidity ratios, liquidity gaps, etc., ensuring that the Bank has enough liquid assets to meet its financial obligations.
Key Responsibilities:
Credit Risk Management
Provide oversight over full credit risk lifecycle to ensure that risk-taking and portfolio quality are aligned with the Bank's risk appetite and business strategy. This covers the following activities performed by credit risk manager:
- Credit Underwriting Management
- Risk Appetite and Posture
- Acquisition Quality
- Portfolio Management
Credit Underwriting Management
- Manage the underwriting process by ensuring it is in accordance with the Banks credit policy and procedures.
- Ensure Banks credit initiatives comply not just with the policies and procedures but also with local regulations and strategic direction by senior management.
- Support the Consumer Credit Operations team in ensuring collection targets are achieved, and credit limits are continually reviewed.
Risk Posture and Risk Appetite
- Monitor and track portfolio performance against the set benchmark.
- Leverage on Risk Appetite results to support strategic business decision making (e.g. assessment of risk for new initiatives and policy implementation).
Acquisition Quality
- Ensure acquisition quality early indicator is within agreed threshold.
- Utilize acquisition quality triggers, segmentation analyses, scorecards, and policy frameworks to proactively identify problem segments as well as opportunities.
Portfolio Management
- Monitor portfolio triggers in a proactive manner and work with Business Units to develop action plans in response to breaches.
- Develop portfolio heat map by products to assess portfolio shape and risk appetite.
- Ensure portfolio quality (e.g., 30+, 90+, etc.) is at an acceptable level. Identify portfolio issues early on, engage business to take proactive actions and close them in a timely manner.
- Review and optimize country level retail risk policy, align with Group policy wherever possible.
- Establish monitoring and tracking mechanism to assess portfolio performance against benchmarks.
- Review Portfolio MIS to detect adverse trends and recommend action plans to mitigate portfolio risk.
Asset and Liquidity Risk Management
Provide oversight over the Bank's asset and liquidity risk management activities and ensure that these are aligned with the Bank's risk appetite and business strategy. This covers the following activities performed by asset and liquidity risk manager:
- Liquidity Risk Management
- Asset and Liability Management
- Liquidity Contingency Plan
- Regulatory Compliance
- Risk Assessment and Analysis
Liquidity Risk Management
- Assess and manage liquidity risk, ensuring that the Bank has enough liquid assets to meet its short-term obligations.
- Conduct stress testing to evaluate how various adverse scenarios might impact the Bank's liquidity and financial stability.
- Ensure risk appetite framework, limits, and controls for IRRBB and Liquidity is aligned within the Group, as applicable
Asset and Liability Management
- Monitoring of the composition of the bank's asset portfolio (e.g., loans, etc.) and liabilities (e.g., deposits) to optimize the bank's risk-return profile. This involves monitoring the maturity and cash flow profiles of assets and liabilities.
Liquidity Contingency Plan
- Maintain the Bank's Contingency Funding Plan (CFP) Policy according to the Group's Framework ensuring that plans to address liquidity crises are set in place.
- Coordinate with Treasury and other concerned stakeholders in testing the Bank's CFP to ensure that roles of key stakeholders are well understood, coordination between the Branch and Group is seamless, and that key assumptions for liquidity are relevant.
- Monitoring of the Bank's Early Warning System (EWS) to detect any liquidity risk arising from bank specific or macroeconomic events.
Regulatory Compliance
- Ensure compliance with regulatory requirements related to liquidity risk management such as Basel III Liquidity Standards
- Validate Liquidity Coverage Ratio (LCR) and Net Stable Funding Ratio (NSFR) regulatory report submission and ensure compliance with internal and regulatory limits.
Risk Assessment and Analysis
- Conduct quantitative and qualitative analysis of liquidity and interest rate risks. This may involve stress testing, scenario analysis, sensitivity analysis, etc., to assess the potential impact of adverse market conditions or economic shocks to the Bank's liquidity position.
People Management
Build retail credit and asset liquidity risk management team with strong technical capabilities and sound risk-based decision-making skills.
- Lead, guide and empower the team on their BAU Task.
- Equip team members through various learning to improve the competencies and knowledge.
- Ensure cross-functional capabilities by supporting skill development and role backup across the team.
