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Associate/AVP, Credit Risk Management

Location: 

Singapore, SG

Job Function:  Risk and Performance Management
Job Type:  Permanent
Req ID:  11941

 

Risk and Performance Management Department

 

The Risk and Performance Management Department is responsible for the independent assessment, measurement, monitoring and reporting of GIC’s investment, credit and operational risk profiles. We are looking for a dynamic, self-motivated and confident individual who is committed to delivering excellent results and contribute to develop a career in counterparty credit risk management. 

 

You will be a member of the Credit Risk Management division.  This team is responsible for managing the credit risk of GIC’s trading counterparties, clearing houses and investment-related service providers such as custodians, nostro agents, clearing brokers, prime brokers and securities lending agents.

  

Responsibilities

  • Manage the credit approval process and recommend appropriate credit limits and risk mitigation measures for counterparties and service providers in accordance with GIC’s credit risk guidelines
  • Undertake proactive risk management and monitoring as well as perform periodic credit reviews of approved counterparties and service providers
  • Manage day-to-day matters arising from the counterparty and/or service provider on-boarding process, and compliance monitoring of approved credit limits, guidelines and restrictions
  • Analyse and report GIC’s counterparty credit exposures to senior management, risk governance committees and clients
  • Assess requests pertaining to new products and/or business initiatives from a counterparty credit risk perspective
  • Participate in user acceptance testing of enhancements in relation to credit exposure reporting/monitoring and credit approval workflow systems
  • Support BAU activities in terms of SIMM Initial Margin and trade sensitivities reconciliations 

 

Requirements

  • A good degree in Finance, Business, Accountancy or related fields of study
  • At least 3 years of relevant working experience at top-tier financial services firms
  • Strong analytical skills with sound knowledge of financial instruments
  • Good understanding of credit risk management and mitigation practices as well as issues and developments affecting the banking industry
  • Good understanding of Counterparty Credit Risk measures (e.g. Potential Future Exposure, SIMM Initial Margin)
  • Team player, excellent interpersonal and communication skills, results-oriented and ability to adapt
  • Working knowledge of Tableau and Structured Query Language will be an advantage

 

Our PRIME Values

Our PRIME Values

GIC is a values driven organization. GIC’s PRIME Values act as our compass, enabling us to fulfil our fundamental purpose and objectives. It is the foundational bedrock which governs our behaviors, our decision making, and our focus. It informs both our long-term strategy as a firm, and the way we relate to our Client, business partners and employees. PRIME stands for Prudence, Respect, Integrity, Merit and Excellence.