Head of Credit Management

A leading securities brokerage firm - part of of a large financial services group - is hiring a Head of Credit Management who will oversee the firm's credit operations, driving the development and implementation of credit risk policies, processes, and strategies to ensure robust risk management while enabling business growth.

Key responsibilities

• Oversee the Credit Management department's overall functions, ensuring policies, systems, and procedures align with business objectives.
• Review trading representatives' and clients' trading exposures and limits.
• Monitor collection of outstanding contra losses, review monthly status reports, and address escalations as needed.
• Liaise with solicitors regarding litigation matters and represent the firm in credit-related legal and regulatory queries.
• Handle queries from the Stock Exchange (e.g., SGX) related to trading representatives and/or clients.
• Approve various requests, such as amendments, payment extensions, privilege waivers, and trust account withdrawals.
• Review and manage financial matters ensuring they align with risk and credit policies.
• Handle complaints from trading representatives and clients professionally and in accordance with regulatory and internal policies.
• Institute and enforce systems and controls to manage risk exposures and ensure compliance with SGX, MAS, and other regulatory requirements.
• Provide strategic insights and reports to senior management, highlighting credit risk trends, regulatory changes, and mitigation measures.

Key Requirements

• Seasoned in credit risk management in securities brokerage
• Strong analytical and risk assessment skills.
• Deep understanding of financial products and regulatory frameworks, including SGX and MAS requirements.
• Exceptional stakeholder management and communication abilities.
• Proven track record in managing teams.

EA Licence: 16S8091

EA Reg No.: R21103434