About the role
AI summarisedVP and Team Lead for Credit Approval in Consumer Credit Risk at a bank's Risk Management Group. Responsible for leading a team to assess and approve consumer credit applications, ensuring sound risk management practices and regulatory compliance.
BusinessFull-timeGeneral
Key Responsibilities
- Lead and manage a team of credit analysts to ensure timely and accurate credit assessment and approval of consumer credit applications.
- Develop and implement credit risk policies, procedures, and guidelines for consumer credit products.
- Review and approve credit applications within delegated authority, ensuring compliance with risk appetite and regulatory requirements.
- Monitor portfolio credit quality and recommend risk mitigation strategies.
- Collaborate with business units to optimize risk-return decisions.
- Provide guidance and training to team members on credit risk assessment and underwriting standards.
- Prepare and present credit risk reports to senior management and relevant committees.
- Ensure adherence to MAS regulations and Basel guidelines.
Requirements
- Degree in Finance, Economics, Business, Accounting or related discipline.
- Minimum 10 years of experience in consumer credit risk management, with at least 5 years in a leadership role.
- Strong knowledge of consumer credit products, underwriting, and risk assessment methodologies.
- In-depth understanding of regulatory requirements (MAS, Basel) and industry best practices.
- Excellent analytical, decision-making, and problem-solving skills.
- Proven ability to lead and develop a high-performing team.
- Strong communication and stakeholder management skills.
- Ability to work in a fast-paced and dynamic environment.
- Experience in credit approval within a bank or financial institution.