WeLab Bank - Senior Manager, Credit Risk

About the role

As a Senior Manager in Credit Risk at WeLab Bank, you will play a role in shaping the bank's credit risk framework and strategy. This position requires a blend of analytical expertise and strategic thinking to ensure that the bank maintains a risk management posture while supporting its growth objectives. You will lead a team of professionals dedicated to assessing and mitigating credit risk across various lending products, ensuring compliance with regulatory standards and internal policies. Your insights will directly influence decision-making processes and contribute to the overall financial health of the organization.

Key facts

What you'll do

• Develop and implement comprehensive credit risk policies and procedures that align with the bank's strategic goals and regulatory requirements.
• Lead the credit risk assessment process for new and existing products, ensuring thorough evaluation of potential risks and returns.
• Oversee the monitoring and reporting of credit risk metrics, providing insights and recommendations to senior management and stakeholders.
• Collaborate with cross-functional teams, including product development, compliance, and finance, to ensure a approach to risk management.
• Conduct regular stress testing and scenario analysis to evaluate the bank's credit risk exposure under various economic conditions.
• Manage a team of credit risk analysts, providing mentorship and guidance to foster professional development and enhance team performance.
• Stay abreast of industry trends, regulatory changes, and best practices in credit risk management to ensure the bank's practices remain competitive and compliant.
• Prepare detailed reports and presentations for the board and senior management, articulating credit risk positions and strategic recommendations.
• Engage with external stakeholders, including regulators and auditors, to ensure transparency and compliance in credit risk management practices.
• advanced analytical tools and methodologies to enhance credit risk modeling and forecasting capabilities.
• Drive initiatives to improve the efficiency of credit risk processes and systems, leveraging technology to streamline operations.
• Participate in the development of the bank's overall risk appetite framework, ensuring alignment with business objectives and stakeholder expectations.

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, preferably within the banking or financial services sector.
• Strong understanding of credit risk assessment methodologies, regulatory frameworks, and risk management best practices.
• Proven leadership skills with experience managing teams and driving performance in a dynamic environment.
• Excellent analytical and quantitative skills, with the ability to interpret complex data and make informed decisions.
• Strong communication skills, both written and verbal, with the ability to present findings and recommendations to diverse audiences.
• Proficiency in credit risk modeling and the use of statistical software or programming languages (e.g., R, Python, SQL).

Nice to have

• Experience with digital banking or fintech innovations and their impact on credit risk management.
• Familiarity with advanced analytics techniques, such as machine learning, for credit risk assessment.
• Knowledge of the Hong Kong regulatory landscape and its implications for credit risk management.

Skills & tools

• Proficient in risk management software and tools, as well as Microsoft Office Suite (Excel, PowerPoint, Word).
• Strong project management skills, with the ability to prioritize tasks and manage multiple projects simultaneously.
• Familiarity with data visualization tools to present complex information clearly and effectively.

Practical notes

• This position is based in Quarry Bay, Hong Kong, and may require occasional travel for meetings or training.
• The salary for this role will be competitive and commensurate with experience, along with a comprehensive benefits package.
• WeLab Bank is committed to diversity and inclusion, and we encourage applications from candidates of all backgrounds.
• Interested candidates can apply through the official WeLab Bank career page at [WeLab Careers](https://welab.bamboohr.com/careers/906).

META

Company: Welab

Title: WeLab Bank

Senior Manager, Credit Risk

Listed

location: Quarry Bay, Hong Kong

Job type: Full-time