Credit Officer

ING Wholesale Banking in Singapore
We began operating in Singapore in 1987 where we host the regional Asia Pacific headquarters. With over 300 financial experts, we are the largest wholesale banking branch in Asia. ING stands out in the Asia Pacific region because we go a step further for our customers. We look at things from the client’s perspective which allows us to construct tailor-made solutions to fit the needs of every company we serve. This mentality underpins all our client relations and has produced various prestigious awards.

About the position:
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 Manager 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.

About the department:
Transaction Approval & Advice (TA&A) based in Singapore acts as the second line of defense for credit risk on transactions with corporate clients in Asia. 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, keeping track of early warning signals in ARIA, prepare 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 capital and loan loss provision (LLP) are 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 can evidence our challenge role from a 2LoD perspective

Qualifications and Competencies

Requirements:
3+ years’ experience within Wholesale Banking, which may include front office roles with a preference for exposure to credit risk management duties

Some experience in executing transactions, preferably in the relevant products and sectors, with specific knowledge and experience with the Singapore and APAC markets

Credit analysis skills

Knowledge of relevant credit risk management processes, systems and concepts

Knowledge and following of regulatory process affecting lending, capital requirements and compliance matters

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

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