VP, Credit Administration Group

Sumitomo Mitsui Banking Corporation

  • Singapore
  • Permanent
  • Full-time
  • 2 months ago
Provide credit middle support to business units with respect to:checking of credit applications on compliance with MAS/Head Office/internal rules and regulations.reviewing terms and conditions in facility letters and loan/security agreements to ensure compliance with approved credit applications and conditions imposed by Credit Department/Head Office.ensuring loan documentation is complete and conditions complied with before proceeding with facility limit registration.preparing MAS/Head Office/internal reports.In addition to the BAU matters, the incumbent is to:provide leadership and overall management of the team in areas of planning, issues resolution, resource management, streamline & improve the processes to ensure speed, accuracy, standardization, and efficiency is achieved.achieve optimization of all given resources as well as implementing optimized working system in BCAPD and encourage and inculcate an innovative / Kaizen culture. To create high performing team by focusing on developing, coaching, & mentoring Human Capital supported with SMART goal setting & periodic performance management, team meetings, bonding events, etc.to focus on adequate risk & controls culture and management, regulatory & compliance controls are well understood ang gaps if any, clearly recognized and risk evaluated.to contribute to building robust & deployable Operations resiliency plans in line with Head Office Policies, Procedures & Regulatory guidelines.to transform and enhance overall quality of the Customer & Control deliveries of the Group and support BCAPD Management in achieving KPI/Goals for the department from time to time.Responsibilities
  • Execute strategic plans & operational goals for Credit Administration Middle Office deliverables which are to be aligned to organizational objectives. Assist Group Head to plan & manage budgets for respective groups within direction of Management.
  • Identify areas for process optimization, efficiency enhancement & cost reduction in Credit Administration Middle Office. Implement measures to improve workflows, streamline processes & enhance productivity. Assist Group Head in data collection for capacity model to be used to measure productivity.
  • Assess & mitigate operational risks by ensuring compliance with regulatory requirements and Head Office Rules/Policies. Establish robust control mechanisms & implement risk management plans/strategies to minimize existing risks/errors. Principle of “Bad news first” and timely reporting of errors, final recovery, and root cause resolution to be strictly followed.
  • Identify & understand Business Continuity Management requirements as per applicable Head Office Guidelines & local/Head Office Regulator. Prepare & continuously update relevant documentation supporting the groups Operational Resiliency strictly considering every scenario as well as ensure team members have clear understanding of applicable policies, procedures and individual roles & responsibilities. Make plans to improve fungibility within the team to perform day to day tasks by maintaining adequate back-ups & rotation plans.
  • Provides leadership/guidance to the team, fostering positive work environment & promoting professional growth & development (including re-skilling). Coach & mentor team members & ensure regular periodic feedback to team members. Build robust succession plans with a time span of 1-2 years.
  • Constantly practice & exhibit SMBC's Five values - Integrity, Customer First, Proactive & Innovative, Speed & Quality & Team SMBC Group, both in principle & actions.
  • Continuously partner with other Groups to help & assist each other in delivering overall objectives.
  • Leverage on technology & innovative solutions to enhance operational efficiency, automate processes, & improve customer experience in line with emerging industry trends. Partner with Technology Teams & influence decision-making by providing a Voice of Operations on discussion tables/Forums responsible for system implementation.
  • Actively support & champion change management by contributing to parts in Software Delivery Life Cycle (mainly user requirements definition, UAT & operationalizing change) & actively contribute to project/system/process designs.
  • Ensure adherence to relevant banking regulations, internal Head Office policies/procedures & industry standards/best practices. Actively conduct Risk Control Self-Assessment to identify process control gaps & escalate/plan to fix such gaps.
  • Coordinate with internal/external auditors to facilitate audits & address compliance-related matters.
  • Assist Group Head in monitoring key performance indicators/operational metrics to track department performance, identify areas of improvement & report to Credit Administration Group Head and senior management on periodic basis.
Requirements
  • Degree in Banking and Finance or equivalent with at least 10 years of experience in credit/loan documentation.
  • Strong experience in people management and development.
  • Diligent, organized and meticulous with keen eye for details.
  • Open mindset with willingness to learn and is receptive to transformational changes.
  • Both a team player and active independent contributor.
  • Possess strong interpersonal, communication and leadership skills.

Sumitomo Mitsui Banking Corporation