RISK WM is part of the RISK IFS domain of the Risk function. RISK WM focuses on the credit risk management aspects linked to the Wealth Management Métier, i.
e. mainly the risks linked to credit to wealthy individuals but also on the risk management aspects around credit, such as systems, norms and secured lending methodologies.
RISK WM APAC is primarily charged with the responsibility of controlling the Wealth Management department’s credit risk in the booking centres of Hong Kong, Singapore, Taiwan and India.
As part of the Hong Kong RISK WM team, your responsibilities will include :
1.Credit requests review
a)Ensure smart risk taking within the Bank’s risk appetite framework and exercise credit authority within delegated parameters.
Ensure high quality and concise risk assessment with transparent decisions and escalate with clear recommendations to Senior Credit Officers if not within your delegation of authority
b)Prepare minutes of credit committees
c)Assist Senior Credit Officers in assessing derogation requests
2.Control Plan implementation :
a)Perform second level of controls per RISK WM Guidance Notes (e.g. shortfalls, limit excesses, credit conditions, special monitoring, etc )
b)Participate in the definition of the controls, as well as the monitoring and analysis frameworks
3.Reporting tasks :
a)Prepare the Regional dashboard, including an analysis of the WM portfolio evolution (client and book level)
b)Come up with prospective views aiming at quantify potential shortfalls and losses through stress-testing, detect and report concentration on counters and potential liquidity issues, sectors
c)Contribution to preparing reports to Head of Risk WM APAC, Head of Risk WM, Head Office
d)Contribution to reconcile reports with Finance & Control
4. Financing Ratios analysis :
a)In particular, review structured products and India funds term sheets to assess the financing ratio per WM norms
b)In general, contribute to norms and collateral analysis under Head Office power to provide regional expertise
5. Contribution to the Risk frameworks
a)By providing technical support, e.g. by translating SCOs’ observations into pragmatic frameworks under the supervision of Risk WM APAC Head
b)Review of existing procedures and implementation of new procedures
7.Liaise with other Risk function experts for risk analysis (e.g. collateral, TAC / NAC, )
8. Contribution to Projects
Professional Qualifications / Candidate Profile
The candidate will have to demonstrate the following :
It would be consider as a plus :