Review Assignment Objective
To consistently deliver assignments promptly while maintaining good work quality/standards.
Review Planning
- To actively engage management/key staff to compile relevant information on the lines of businesses (LOB) under review such as overall operations, market segment, product types and applicable regulatory requirements.
- To expedite sample selection according to the established sampling methodology.
Review Execution
To lead, collaborate, execute and document the credit reviews (Wholesale Credits) covering the following areas:
- quality of credit risk assessment and rigour of credit approval processes, including in respect of the scope of information obtained for credit decisions;
- whether credit decisions are in accordance with the credit risk strategy, credit risk policy, and relevant legal and regulatory requirements;
- scope, effectiveness and timeliness of credit risk monitoring activities;
- accuracy and timeliness of ratings assigned to counterparties; and
- appropriateness of credit classifications and provisioning levels
Reporting
- To lead discussions with stakeholders and management on any observations or concerns noted during the review.
- To prepare issue write-ups, which are well positioned and articulated with value added/actionable recommendation, for stakeholders responses.
- To evaluate stakeholders responses to ascertain that appropriate actions have/will be taken to address the shortcomings with target rectification/resolution date.
- To draft review reports that are well articulated, factually precise and adhere to the established format.
- To continuously track outstanding issues and to perform relevant validation prior to issue closure.
Other Activities
To support the Head of ICR or GCRO by participating in ad-hoc tasks and/or bankwide strategic initiatives.
