Mandatory Reference Checking Scheme (“MRC”) for Hong Kong
The Mandatory Reference Checking Scheme is a framework to facilitate Authorized Institutions (“AIs”) to bilaterally obtain reference information during their recruitment process for certain positions, such that misconduct information in an individual’s previous employments can be provided to AIs to inform their employment decisions.
For information related to MRC Scheme, “Frequently Asked Questions for In Scope Individuals” is published by HKAB/Industry Guidelines (https://www.hkab.org.hk/en/home) or further information will be available upon request, if it is applicable to the position(s) applied.
Country of Location:
China Hong KongJob Responsibilities:
Approve both corporate credit transactions fall within the delegated authority and act as member of Credit Committee.
Uphold the Bank’s risk appetite and underwriting standards, follow through the compliance requirements as well as the rules and regulations laid down by the regulators.
Lead an approval team to meet the Bank’s risk management framework and underwriting standards in all the whole banking credit applications.
Advise marketing units for sizeable and complex transactions or make recommendation to the Credit Committee.
Sponsor the new product groups for development of new general banking products.
Review credit policies and procedures to streamline the efficiency of credit approval.
Formulate new internal guidelines or work with other units in updating or laying down new policies to meet the regulatory requirements.
Formulate new credit approval guideline, process or underwriting standards. Work with Human Resources on credit training for Wholesales Banking Relationship Managers.
Review credit and legal documentation in relation to extended credit facilities.
Proactively response and communicate with on-site examiners of HKMA and the Bank’s external auditors.
Host the early alert committee to help identify and resolve accounts with warning signals.
Work closely with other teams of RMG in risk infrastructure development and regulatory reporting.
Assist supervising branches and subsidiary bank from Head Office perspective to ensure consistency in risk decisions.
Liaise with Head Office in co-operation and implementing of risk collaboration.
Carry on the day-to-day responsibilities and functions as assigned by Department Head.
Requirements:
Degree holder in Accounting, Finance, Business Administration or related disciplines.
Professional qualification e.g. CCRP(CPM), FRM or CPA preferred.
Minimum 15 years of relevant working experience preferably in credit risk management and credit approval gained from banking industry, with at least 7 years in managerial level.
Understanding of new regulations particularly China related and HKMA SPM.
In-depth knowledge of accounting principles and financial statement analysis.
Well versed general banking knowledge preferably with specialized areas such as structured finance, PRC cross border financing / banking, real estate financing, etc.
Good understanding of new regulations particularly China related and HKMA SPM.
Good credit judgment, excellent interpersonal and communications skills.
Good command of written and spoken English and Chinese (including Putonghua).