OCBC Bank is the longest established Singapore bank, formed in 1932 from the merger of three local banks, the oldest of which was founded in 1912. It is now the second largest financial services group in Southeast Asia by assets and one of the world's most highly-rated banks, with an Aa1 rating from Moody's. Recognised for its financial strength and stability, OCBC Bank is consistently ranked among the World's Top 50 Safest Banks by Global Finance and has been named Best Managed Bank in Singapore by The Asian Banker.
Division Description Group Risk Management (GRM) is an independent function responsible for ensuring that risk management practices at OCBC Bank are effective and comprehensive. GRM builds and drives the Bank's businesses through an integrated risk management approach relying on strong risk analytics to support strategic business decision-making and to create a competitive edge for the Group.
Job Summary Excellent opportunity for an experienced credit risk professional to join a high-performing and evolving Risk Portfolio Management ('RPM') function. RPM comprises of a broad range of functions primarily focused on credit portfolio management across banking subsidiaries within OCBC Group.
Currently, we have opportunities available for Senior Analysts / Lead Analysts in the Credit Risk Modelling team to work in the following areas:
Develop in-depth knowledge and expertise in credit risk modelling methodologies.
Develop, implement and maintain credit risk models for the measurement and management of credit risk for different segments of the Bank's portfolios.
Develop and maintain user requirements, parameters and configurations of systems housing the models.
Monitor and back test performance of the models to ensure adherence to performance standards and early detection of weaknesses.
Active engagement with stakeholders to develop analytical solutions using outputs from such models in credit decisioning, business strategies, risk appetite setting, allowance and capital assessment.
Work closely with independent model validators to ensure compliance to model governance framework and timely closure of validation findings.
Engage with auditors and regulators to ensure compliance with relevant requirements.
Key Responsibilities:
Developing, implementing and managing the credit risk measurement framework encompassing credit risk scorecards and rating models, risk weighted assets determination, risk measurement data and systems infrastructure, policy and processes, expert guidance to users on usage and interpretation. These frameworks are used in the credit underwriting, customer selection, limit setting, early warning and problem recognition, assessment of capital and provision adequacy internally as well as for regulatory compliance.
Assessing the risk and opportunities in the Bank's key markets and asset classes in the context of the Bank's risk appetite and against economic, structural and cyclical conditions.
Analyzing and measuring credit and financial performance of the portfolio from multiple perspectives. Identifying trends and drivers, drawing insights and developing management discussion points and recommendations
Managing suite of portfolio dashboards and reports to the Board, senior management, functional risk committees and supervisory authorities.
Qualifications
The ideal Candidate would meet the following requirements:
Good university degree in a quantitative discipline (e.g. Mathematics, Statistics, Financial Engineering etc.) with a strong ability of handling data and performing quantitative analysis.
Good understanding of Basel and IFRS regulations and credit products
Analytical and independent thinker with strong written and verbal communication skills especially in explaining complex technical subjects in a simple/pragmatic manner to business and senior management.
Strong computational skills, preferably in SAS, SQL, Python etc.
At least 3-5 years & 5-7 years of relevant experience in a related area for Senior Analyst and Lead Analyst respectively.
Experience in risk analytics or credit risk management in wholesale or consumer portfolios will be an advantage.
At OCBC, we recognise your drive, passion and talent. We will bring out the best in you and empower you to excel. Fulfil your life goals and career ambitions with us.
*We regret that only shortlisted Candidates will be notified.
