13 days old
2018-01-052018-02-17

CDF Asia Risk Leader

Singapore, Central Singapore 650634
  • Job Code
    23071BR-1
The CDF Asia Risk Department is centralized in Singapore and is responsible for all aspects of Risk Management including but not limited to Underwriting, Operational Risk, Portfolio Management and Field Audit Services.

The team comprises experienced Risk professionals with focus on ensuring risks are identified and managed appropriately and escalated to senior management as necessary whilst ensuring an appropriate balance with customer service.

About the Role:

The CDF Asia Risk Leader will report directly to the CDF APAC Risk Leader. The role will be responsible for managing all areas of risk including Underwriting & Portfolio Control. The Regional Risk Leader will be required to make written recommendations and present to management those deals within their Portfolio and to lead the underwriting for key accounts.

Additionally, theAsia Risk Leader will be responsible for minimizing losses within the assigned portfolio through the early identification and assessment of non-performing accounts and determine whether performance can be satisfactorily remedied to return an account to a performing status or whether exiting the relationship is the appropriate action to take.

The role will be based in Singapore and will also be responsible for managing initially up to 5 direct reports.

Responsibilities:

Underwriting:
Responsible for all aspects of the process for new business opportunities, incorporating credit risk assessment (Analysis of financial statements, profit & loss, cash flow and balance sheet and review of financial forecasts), assessment of all other relevant credit information as applicable.
  • Assessment of all other aspects of risk including but not limited to; Documentation risk, Asset risk, Legal Risk, Compliance risk, Operational risk etc. ensuring any identified risks are mitigated appropriately
  • Conducting rigorous annual reviews of existing credits covering all aspects of risk plus in-life performance of the customer and where appropriate peer-group comparisons.
  • Acting timeously upon 3rd party information which could have an adverse impact upon the risk profile of existing customers
  • Be the point of expert reference for Underwriting to provide advice and support as required in relation to CDF specific policies, processes & documentation along with general credit & risk matters
  • Visiting customers where Risk presence is deemed appropriate due to the size or risk profile of deals
  • Supporting New Relationship Development activity. Co-ordination of information flow from transaction stakeholders including client, Capital Markets team and other WF associates as required
  • Involvement with Originators in preparation and presentation of preliminary credit presentation (ERM) if deemed appropriate. Prepare and present formal credit approval request (DRM) to requisite WF risk approval personnel as well as manage the credit approval process
  • Manage & administer initial legal documentation of transaction, security registration, and AML requirements.
  • Co-ordination of loan closings and handovers to Account Management.
  • Build awareness and experience of Credit Insurance as a key risk mitigant.
  • Manage, coordinate, train and develop junior resources in both general Underwriting / Risk Management skills but also in specific CDF product environment and ensure work prepared by them is of an appropriate standard.
Portfolio Control:
  • Monitor assigned portfolio and investigate related Deficiencies.
  • Deficiency management / resolution of problem loan accounts including overdue principal and interest amounts.
  • Problem loan workout, end of finance rescheduling
  • Litigation and insolvency handling (internal and external)
  • Manage Watchlist Reporting and related Loss provisioning
  • Ensure adherence to Standard Operating Procedures for Portfolio Control
  • Management, training & development of Account Management staff.
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CDF Asia Risk Leader

Wells Fargo
Singapore, Central Singapore 650634

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Wells Fargo
Singapore, Central Singapore
SG

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