Head of Credit

4 days ago

Kuala Lumpur, Kuala Lumpur, Malaysia Phillip Capital Group Full time

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We are seeking motivated, committed, qualified candidate to lead our Credit department at our multinational company. The candidate will be responsible for managing the credit function across stockbroking, derivative broking, and proprietary trading activities. This includes ensuring effective risk assessment, underwriting, and operational efficiency while monitoring and mitigating credit risks. The role also encompasses overseeing credit and risk monitoring for the firm's proprietary trading operations, balancing risk management with business growth and regulatory compliance.

Key Responsibilities:

Credit Strategy and Policy Development:

  • Develop and implement credit policies, frameworks, and risk appetite specific to stockbroking, derivative broking, and proprietary trading activities.
  • Align credit strategies with the firm's overall business objectives and risk management framework.
  • Establish and enforce robust credit underwriting standards and risk mitigation practices tailored to client and proprietary trading exposures.

Credit Underwriting and Operations:

  • Oversee the end-to-end credit underwriting process for stock, derivative, and proprietary trading portfolios, ensuring accurate and timely decision-making.
  • Manage credit operations, including the setup, monitoring, and review of credit accounts and trading limits across all segments.
  • Ensure seamless execution of operational workflows, from account onboarding to utilization and settlements, for both client and proprietary trades.
  • Identify and implement process improvements to enhance the efficiency of credit operations.

Proprietary Trading Credit and Risk Monitoring:

  • Oversee credit exposure and risk monitoring for the firm's proprietary trading activities, ensuring alignment with approved limits and risk appetite.
  • Collaborate with trading desks to assess credit implications of proprietary strategies, including high-frequency trading, arbitrage, and other derivatives.
  • Establish robust risk frameworks to manage credit, market, and counterparty risks in proprietary trading.
  • Conduct stress-testing and scenario analysis to evaluate potential impacts of market volatility on proprietary positions.

Credit Assessment and Approval:

  • Evaluate and approve or recommend credit facilities for clients, including margin trading, derivative positions, and trading accounts, based on thorough analysis.
  • Monitor counterparty risk models and implement exposure limits for clients and proprietary trading.
  • Ensure comprehensive due diligence for all credit proposals, including proprietary exposures.

Risk Monitoring and Control:

  • Monitor ongoing credit exposure and trading positions across client and proprietary portfolios to ensure compliance with internal policies and regulatory requirements.
  • Implement early warning systems to identify potential risks, including mark-to-market losses, concentration risks, and margin calls.
  • Conduct periodic reviews of credit portfolios, focusing on high-risk derivative transactions and proprietary trading exposures.

Team Leadership and Development:

  • Build, lead, and mentor a high-performing credit team with expertise in equity, derivatives, and proprietary trading.
  • Train staff on credit risk policies, underwriting standards, and the nuances of proprietary trading credit management.
  • Collaborate with trading, compliance, and risk teams to ensure cohesive credit and risk management practices.

Compliance and Regulatory Oversight:

  • Ensure adherence to regulatory requirements, including capital adequacy, margin requirements, exposure limits, and proprietary trading guidelines.
  • Liaise with regulators, auditors, and other stakeholders on credit and risk-related matters.
  • Stay updated on market and regulatory changes impacting credit and proprietary trading, ensuring timely adjustments to policies.

Reporting and Analytics:

  • Prepare and present periodic reports on credit exposure, underwriting performance, and operational metrics across all market segments, including proprietary trading.
  • Leverage data analytics to gain insights into client behavior, credit utilization, and risk trends across equity, derivatives, and proprietary trading.
  • Drive the implementation of advanced credit risk management tools and systems for a unified view of risk.

Qualifications and Experience:

Education:

  • Bachelor's degree in Finance, Economics, Accounting, or a related field.
  • Master's degree (MBA) or certifications such as CFA, FRM, or PRM are highly desirable.

Experience:

  • 10+ years of experience in credit risk management, underwriting, and operations within stockbroking, derivative broking, proprietary trading, or financial services firms.
  • Proven track record of managing credit portfolios and implementing risk frameworks for client and proprietary trading activities.
  • Familiarity with margin trading, derivative credit risk, and market dynamics, including proprietary trading strategies.

Skills:

  • Deep understanding of credit risk principles, underwriting processes, and the unique risks of proprietary trading.
  • Strong analytical and decision-making skills, with a focus on equity, derivatives, and proprietary trading risks.
  • Excellent communication and interpersonal abilities for engaging with clients, regulators, and internal stakeholders.

Proficiency in credit risk management tools, derivatives modeling, and trading systems.

  • Proprietary Trading Expertise: Strong understanding of margin, counterparty risk, and credit monitoring for proprietary trading.
  • Operational Excellence: Expertise in credit underwriting and operational efficiency across equity, derivatives, and proprietary trading.
  • Risk Acumen: Ability to balance risk management with business growth objectives.
  • Regulatory Expertise: Comprehensive knowledge of stock, derivative, and proprietary trading regulations.
How do your skills match this job?

Your application will include the following questions:

  • Which of the following statements best describes your right to work in Malaysia?
  • What's your expected monthly basic salary?
  • Which of the following types of qualifications do you have?
  • How many years' experience do you have with forecasting for businesses?

Phillip Capital is a group of companies which offers a full range of quality and innovative financial services to retail, corporate and institutional customers. We operate in the financial hubs of 15 countries, with offices in Singapore, United Kingdom, USA, France, China, Hong Kong, Thailand, Japan, Australia, Malaysia, Indonesia, Turkey, India, Dubai and Cambodia.

Perks and benefits: Medical, Miscellaneous allowance, Education support, Insurance, Vision, Company Trip/Team Building

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