CREDIT RISK CONTROL OFFICER
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Job Summary
This position is primarily responsible for credit risk control and risk surveillance of high-risk accounts and portfolio-at-risk such as top borrowers, problem credits, and vulnerable segments of the Bank. This position is also responsible for the generation of various credit risk reports that caters to the needs of senior management, Risk Management and Board Committee, regulators, external and internal audit, and external counterparties.
Duties & Responsibilities
This position is primarily responsible for credit risk control and risk surveillance of high-risk accounts and portfolio-at-risk such as top borrowers, problem credits, and vulnerable segments of the Bank. This position is also responsible for the generation of various credit risk reports that caters to the needs of senior management, Risk Management and Board Committee, regulators, external and internal audit, and external counterparties.
Duties & Responsibilities
- Conduct an independent review of the Internal Credit Risk Rating (ICRR) sheet prepared by lending units for correctness and reliability of data used, as well as assess the reasonableness of the calculated rating (produced by the rating model) and apply warning signals, rating upgrades/downgrades relevant to the Corporate/SME borrowers based on parameters/factors applied to borrowers.
- Endorse/present to the Credit Risk Rating Committee reviewed ICRR sheets and relay to the AO/RM the final approved CRR rating including pertinent factors which influenced the final result, and provide the final minutes of the CRR Committee meeting.
- Provide expert/intuitive inputs during the development and implementation stages of credit rating/scorecard models.
- Conduct full and focused portfolio reviews of lending units depending on the Bank’s needs.
- Monitor monthly Past Due (PDO) and Non-Performing Loans (NPL) of assigned lending units on individual and portfolio levels.
- Review and recommend individual accounts (Large Corporations/SMEs) and loan portfolios (Consumer) for classification and loan loss provisioning.
- Compute quarterly the adequacy of loan reserves for loans and ROPA using the International Accounting Standards (IAS) based on loan recoverability of each account or loan portfolio. Compare these IAS figures with those derived using BSPs policies and endorse additional reserves to the Credit Write-Off/Credit Reserve Committee, if necessary.
- Review write-off requests to ensure that all collection efforts have been exerted by the AO/RM.
- Conduct annual review of the credit worthiness, reliability and acceptability of service providers, insurance companies, external appraisers and other counterparties such as but not limited to correspondent banks, stockbrokers, financial institutions, mutual funds, investment companies, sugar mills, etc.
- Prepare monthly/quarterly/semestral reports for monitoring Top NPLs, restructured loans and concentration risks such as Top borrowers, portfolio profile , etc.
- Bachelor's Degree, College Graduate of a Business or Economics course
- At least 3 years of experience in credit or account management or audit.
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