AVP, Credit Approver - Wealth Product Financing

Job Description

Purpose of the role:

To assist Team Head in managing the credit approval process for consumer secured products (Wealth Product Financing). Responsible for providing expert credit assessment, approval, policy development, and portfolio review for credit facilities secured by wealth management products including but not limited to equities, bonds, deposit investment, unit trust and structured investments. The role will ensure prudent risk management with strong consideration of market risk, liquidity risk, and collateral volatility.

What you will be doing:

• Approve consumer credit applications under Wealth Product Financing, secured by various wealth products submitted by business units within authorized lending limits, ensuring all approvals comply with established credit policies, guidelines, applicable laws, and regulations to promote responsible lending.

• Monitor market and liquidity risks associated with wealth product financing portfolios, including pledged investment asset. Perform ongoing performance review and valuation assessment. Perform annual credit reviews, monitor margin positions and margin deficits, initiate margin calls where required, and recommend or execute timely risk mitigation actions, including liquidation, in accordance with approval policies.

• Assist in the development, enhancement, and maintenance of credit policies, risk frameworks, and operating manuals for wealth secured lending, including eligibility criteria, acceptance standards, margin management requirements, and operational workflows. Collaborate closely with Policy, Product, Sales and Operations teams to ensure policies are practical, well-documented and compliant with regulatory compliances.

• Participate in system and process implementation initiatives related to wealth product financing by supporting policy-driven system rule design and requirements, assisting in User Acceptance Testing (UAT) preparation including test case development, execution, and issue validation, and ensuring that system functionality and process flows for credit review, margin monitoring, margin calls, and liquidation are fully aligned with approved credit policies and operating manuals prior to go-live.

• Conduct periodic credit and portfolio reviews for wealth product financing exposures to identify emerging risks, portfolio concentrations, and adverse trends. Enable the team to process credit applications and ongoing reviews promptly through robust credit analysis and well-reasoned recommendations aligned with established credit acceptance criteria.

What are we looking for:

• University Degree or Tertiary education in Banking, Accounting, Finance or Business Administration Risk Management or related discipliners.

• 5 to 8 years consumer credit or risk management experience, including hands-on experience in wealth product financing.

• Strong analytical and problem-solving skills, with the ability to interpret complex data

• Excellent communication and interpersonal skills, with the ability to work effectively with stakeholders

• Knowledge of credit risk management principles and practices, including credit risk modeling and portfolio management

• Proficiency in both written and spoken English and Chinese

  Proficient in Microsoft Office including MS word, PowerPoint and Excel