Vice President, Credit Officer at ING

Singapore, , Singapore -

Full Time

Start Date

Immediate

Expiry Date

14 Feb, 26

Salary

0.0

Posted On

16 Nov, 25

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Credit Risk Management, Credit Analysis, Transaction Execution, Regulatory Compliance, Stakeholder Management, Financial Markets Products, Risk Rating, Portfolio Monitoring, Communication Skills, Team Collaboration, Strategic Thinking, Pressure Management, Problem Solving, Market Knowledge, Lending Structures, Client Transactions

Industry

Financial Services

Description

Job Profile Summary TA&A Singapore is looking to support Front Office business ambitions by hiring a Credit Officer who will: (1) Assist in executing client transactions from origination to closing and (2) Manage part of the credit risk of an assigned client portfolio. This person will work closely with Senior Credit Officers (SCOs), Local Risk Managers (LRMs) and various assigned business units. This is a (junior) VP level position. We offer you the opportunity for personal growth, improve your understanding of increasingly complex lending structures and broaden your scope of the department and organization as a whole. Transaction Approval & Advice (TA&A) based in Singapore acts as the credit risk management group and second line of defense in support of the wholesale lending business. The department is responsible for the transaction approval process and portfolio risk management in Singapore and the Asia region. Responsibilities: Work with SCOs, LRMs, Front Office teams and Credit Administration staff to assist in managing the credit risk of designated credit portfolios; Assist in the quarterly portfolio monitoring, ARIA, dashboards and other initiatives; Assist in preparation of both internal and external reports, including regulatory reports Assist in preparation and processing of credit applications; Advise and support the credit decision process for individual credit transactions and relevant credit portfolios, within the boundaries of established risk appetite statements, and in line with applicable credit risk policies, among other by writing advices under the supervision of the SCO / LRM Monitor and report on relevant transactions, obligors and portfolios Complete Risk Ratings in accordance with ING policy and in a timely manner to help assure the portfolio loan loss provision (LLP) is calculated accurately Stay on top of industry trends or news events that affect portfolio risk, using this to adjust as necessary Watchlist, Risk Rating or LLP Making sure we continuously ensure we can evidence our challenge role from a 2LoD perspective Stakeholder Management: Develop and maintain relationships with management and other relevant internal and/or external stakeholders Coordinate with audit staff, including external audit, Corporate Audit Services, SOX, as well as DNB and ECB activities Requirements: 6+ years’ experience within Wholesale Banking, which may include front office roles with a preference for exposure to credit risk management duties Ample experience in executing transactions, preferably in the relevant products and sectors, with specific knowledge and experience with the Singapore and APAC markets Good credit analysis skills Good knowledge of relevant credit risk management processes, systems and concepts Good knowledge and following of regulatory process affecting lending, capital requirements and compliance matters Strong knowledge of credit risk with working knowledge of counterparty and market risk. Working knowledge of financial markets products including interest rate, commodity and FX derivative products, ISDA terms and negotiation Bachelor’s degree or equivalent, with Engineering, Finance, Economics, Law or a closely related field Competencies: Logical and well-reasoned level of thinking Excellent written and verbal communication skills and fluent in English Interaction and effective communication with internal departments and relevant external parties (clients, banks, advisors, audit) requiring persuasion and engagement by personal impact Able to manage processes from a risk management perspective and have a strategic view on relevant risk drivers and mitigation Ability to work under pressure and meet tight deadlines A team player, ability to work cordially within the team as well as with other Front Office & support function teams We’re a global bank with a strong European base, and our more than 60,000 colleagues serve around 38 million customers and corporate clients in over 40 countries. Joining ING means working with friendly and collaborative people towards making a positive impact on people and planet. We believe in empowering the people around us and our customers to stay a step ahead. Working here means having the autonomy to drive progress, helping to create superior customer value and contributing to our ambition of putting sustainability at the heart of everything we do. Here, we’re more than just a workplace – we’re a community of innovators, problem-solvers, and forward-thinkers, dedicated to making a real impact. Whether you’re just starting your career or seeking the next big challenge, we have opportunities that will inspire and push you to grow. Your future at ING starts with one application. Ready to join? We’ve got plenty of opportunities to match your skills and aspirations! Use the filters below the search bar – like location and job type – to help you find the perfect fit. Start exploring now and discover where your next career move could take you!

Responsibilities

Assist in executing client transactions from origination to closing and manage part of the credit risk of an assigned client portfolio. Work closely with Senior Credit Officers and various business units to ensure effective credit risk management.