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HK Risk Remedial Management Officer Commercial Banking Risk

Citibank

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HK Risk Remedial Management Officer Commercial Banking Risk

Full-time
Senior (6-10 years)

Posted 

Technical Skills

  • Accountancy
  • Compliance
  • Costing
  • Credit Analysis
  • Credit Risk
  • Economics
  • Forecasting
  • Negotiation
  • Risk Management

Job Description

HK Risk Remedial Management Officer Commercial Banking Risk

Location: APAC-HKG-Hong Kong-Hong Kong

Key Responsibilities:

  • Work closely with Head of Remedial Management Unit, Independent Risk and Business teams of Commercial Banking (“CCB”) Hong Kong in managing the classified accounts. 
  • Proactively manage the assigned accounts.  Formulate and implement appropriate account strategies and actions to maximize recovery and minimize credit loss.
  • Conduct credit calls of assigned accounts in Hong Kong or in cross-border / overseas locations as required.
  • Interact with internal and external customers, legal, finance and external counterparties as necessary.  Directing the external legal and insolvency/restructuring professionals’ involvement in the workout or legal actions, and managing fee expenses.
  • Evaluate collateral and documentation to identify any documentation exceptions / deficiencies, and to determine appropriate remedial / recovery strategy.
  • Assess and recommend cost of credit actions.  Responsible for Cost of Credit analysis (actual / plan / forecast) of assigned accounts.
  • Conduct Special Mention Assessments.
  • Conduct Management Control Assessments and support the implementation of Remedial Management Commercial Risk Standards in CCB Hong Kong.
  • Prepare regular and ad-hoc management information requirements for assigned accounts as required.
  • Work with members of Remedial Management Unit, Independent Risk and Business teams of CCB Hong Kong as required on special projects and initiatives.
  • Deputize Head of Remedial Management Unit Hong Kong in his/her absence.

Competencies:

  • Possess a sound understanding of remedial and credit risk management; recognizes issues and is able to establish and process risk mitigation plans from inception to implementation
  • Possess technical expertise in Commercial Banking lending and trade product
  • Subject Matter Expert in the areas of problem loan recognition and recovery management
  • Proficient in negotiating restructures with customers, bank group lenders, and internal product/ customer partners including Legal, Enterprise Risk Management,
  • Compliance and Control, Finance partners
  • Solid knowledge in legal proceedings and enforcement actions
  • Strong communication and negotiation skills with customers, internal and external partners
  • Experienced in applicable regulations, guidelines, and practices

Qualifications

  • Proficient in the adverse classification process and documenting an appropriate action plan for identified troubled, stressed, or distressed loans Experience in leading multi-bank workout is an advantage
  • Understand and able to articulate alternative transactions (pros/cons); identifies the related market, credit, operational, and legal/regulatory risks associated with the specific transaction / borrower / portfolio / market
  • Strong account strategy formulating and implementation skills
  • Excellent analytical and credit skills
  • Excellent communication and negotiation skills, with ability to synthesize and present argument in a logical and rational manner
  • Ability to work well under pressure in an ever-changing environment
  • Fluent in written and spoken English and Chinese (Cantonese / Mandarin)

Qualifications:

  • Bachelor’s degree with 7+ years of Banking experience, with tenure in risk and / or remedial capacities
  • Minimum of a Bachelor degree in Accounting, Finance, Economics, or Business (MBA preferred)

 

Employment TypeFull-time
Career LevelSenior (6-10 years)
Education LevelBachelor
LanguageEnglish, Cantonese, Mandarin (Putonghua)
CitibankFinancial Services, Retail and Commercial Banking

50/F, Champion Tower 3 Garden Road Central, Hong Kong

directions_walk12 mins walk from Admiralty Station