Senior Manager Wholesale Risk – CMB Approvals

Job Description

Job Description<br><br>Role Purpose :<br><br>Act as the main contact for the Large Corporate team with regards to credit risk issues as well as approve credit proposals within delegated approval authority. Oversee and Manage the credit quality of the CMB Large Corporates portfolio and ensuring adherence to external regulations, internal policies and procedures as well as external and internal audit requirements and implementing Group Compliance Policy and Global Standards<br><br><strong>Impact on the Business/Function<br></strong><ul><li> Approve CARM Renewals, Amendments, and new commitments in a timely and efficient manner while ensuring compliance to lending guidelines and policies as well as quick response to urgent proposals.</li><li> Monitor and manage CMB (Large/Middle Market) corporates portfolio risk profile through follow-up on customer level irregularities, sector concerns and emerging risks.</li><li> Monitor accounts with exceptions and follow up on regularization of excesses/ past dues.<br><br></li></ul><strong>Customers / Stakeholders<br></strong><ul><li> Minimizing potential losses through thorough risk assessment of credit proposals within delegated lending limit, and regular follow up on exceptions and past dues, while ensuring adherence to Group and CBE procedures and guidelines.</li><li> Support business growth by prioritizing new money proposals and ensuring approval process is within timeframe stipulated in SLA, while ensuring adherence to external and internal policies.<br><br></li></ul><strong>Leadership &amp; Teamwork<br></strong><ul><li> Acting as backup for colleagues and superiors in their absence in a way that guarantees a smooth work flow<br><br></li></ul><strong>Operational Effectiveness &amp; Control<br></strong><ul><li> Maintaining Quality of lending portfolio by ensuring that Bank guide-lines, standards &amp; CBE regulations are being adhered to.</li><li> Assurance of Well-structured credit proposals with alignment to WMR FIM, Regional and local Lending Guidelines, lending Appetite, assuring appropriate credit, rationale, structure and standard controls are in place.</li><li> Monitoring exposure to assure early recognition of potential non-performing accounts and assist in initiating appropriate action as outlined by Group and CBE.</li><li> Ensure consistent adherence to actions agreed in previous audit issues, avoid repeat comments and aim to assure emerging issues are identified in a timely manner and recorded along with management action plans to correct/address. Aoid repeat comments.</li><li> Follow up to ensure abidance to covenants, special approvals and restrictions incorporated with Risk recommendations/ Approvals<br><br></li></ul><strong> Major Challenges <br></strong><ul><li> Ability to properly evaluate credit proposals to assess the credit worthiness of a relationship and credit risks as well as the nature of and levels of financing requirements, and assuring prompt turnaround and feedback. </li><li>Awareness of internal policies, criteria and credit Group policies and Lending Guidelines as well as CBE regulations to ensure that they are adhered to. Maintain HSBC internal control standards, including the timely implementation of internal and external audit points together with any issues raised by external regulators.</li><li>Analytical thinking and attention to detail is necessary in order to provide effective assessment of credit relationship and relay concise, accurate evaluations and recommendations. </li><li>Although the job holder is not accountable for subordinate staff, the job holder is expected to provide guidance to junior staff aiding their development to maximize productivity and facilitate work flow.<br><br></li></ul><strong>Management of Risk <br></strong><ul><li>The jobholder will also continually reassess the operational risks associated with the role and inherent in the business, taking account of changing economic or market conditions, legal and regulatory requirements, operating procedures and practices, management restructurings, and the impact of new technology. </li><li> This will be achieved by ensuring all actions take account of the likelihood of operational risk occurring. Also by addressing any areas of concern in conjunction with line management and/or the appropriate department<br><br></li></ul><strong>Requirements<br><br></strong><strong>Knowledge &amp; Experience/ Qualifications :<br><br></strong>Successful completion of in-house Executive Training Program or similar training involving comprehensive study of credit evaluation concepts including financial statement and cash flow analysis, lending rationales, financial and business risk assessment, structure of meaningful credit packages in addition to knowledge of various banking products and credit operations.