WeLab Bank - Manager, Credit Risk

About the role

WeLab Bank is seeking a skilled Manager of Credit Risk to join our dynamic team in Quarry Bay, Hong Kong. This pivotal role involves overseeing the credit risk management framework, ensuring compliance with regulatory requirements, and enhancing the overall risk assessment processes. The ideal candidate will possess a strong background in credit risk analysis and management, with a keen ability to identify potential risks and develop strategies to mitigate them. As a leader in this area, you will collaborate with various departments to foster a culture of risk awareness and drive continuous improvement in credit risk practices.

Key facts

What you'll do

• Develop and implement a comprehensive credit risk management framework that aligns with the bank's strategic objectives and regulatory requirements.
• Conduct thorough credit assessments for new and existing clients, utilizing quantitative and qualitative analysis to evaluate creditworthiness.
• Monitor and analyze the credit portfolio's performance, identifying trends and potential areas of concern to inform decision-making.
• Collaborate with cross-functional teams to establish and refine credit policies and procedures, ensuring they are effective and up-to-date.
• Lead the preparation of credit risk reports for senior management and regulatory bodies, providing insights and recommendations based on data analysis.
• Conduct stress testing and scenario analysis to assess the impact of adverse economic conditions on the credit portfolio.
• Oversee the development and maintenance of credit risk models, ensuring they are robust and validated regularly.
• Provide training and support to team members and other departments on credit risk management best practices and tools.
• Stay abreast of industry trends, regulatory changes, and emerging risks to adapt the credit risk strategy accordingly.
• Engage with external stakeholders, including auditors and regulators, to ensure transparency and compliance in credit risk management practices.
• Foster a culture of risk awareness within the organization, promoting proactive risk management across all levels.
• Drive initiatives aimed at enhancing the efficiency and effectiveness of credit risk processes through technology and innovation.

Requirements

• A bachelor's degree in finance, economics, or a related field; a master's degree or professional certification (e.g., CFA, FRM) is preferred.
• At least 5 years of experience in credit risk management or a related field within the banking or financial services industry.
• Strong analytical skills with the ability to interpret complex data and make informed decisions.
• Proficiency in credit risk modeling and assessment techniques, with a solid understanding of regulatory frameworks.
• Excellent communication skills, both written and verbal, with the ability to convey complex information clearly to diverse audiences.
• Proven leadership abilities, with experience managing teams and driving performance improvements.
• Strong organizational skills and the ability to manage multiple projects simultaneously while meeting deadlines.
• Familiarity with risk management software and tools, as well as advanced proficiency in Excel and data analysis.
• A proactive approach to problem-solving, with a focus on identifying and mitigating risks before they escalate.

Nice to have

• Experience working in a digital banking environment or fintech sector.
• Knowledge of machine learning applications in credit risk assessment.
• Familiarity with Hong Kong's regulatory landscape and compliance requirements.
• Previous experience in stakeholder management and engagement with regulatory bodies.

Skills & tools

• Credit risk assessment and management
• Data analysis and interpretation
• Risk modeling techniques
• Regulatory compliance knowledge
• Proficiency in Microsoft Excel and risk management software
• Strong communication and presentation skills

Practical notes

• The position is located in Quarry Bay, Hong Kong, and is a full-time role.
• Salary will be competitive and commensurate with experience.
• Candidates must be eligible to work in Hong Kong; visa sponsorship may be available for the right candidate.
• Interested applicants can apply through the provided link: https://welab.bamboohr.com/careers/912.

Join WeLab Bank and be part of a forward-thinking team that is redefining the banking experience in Hong Kong. If you are passionate about credit risk management and eager to make a significant impact, we would love to hear from you!

About the company

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