Job Purpose:
To oversee the Risk & governance of PBG entity customers with regulatory, compliance and operational framework of the bank. This includes on-boarding of new Business Banking customers followed by portfolio data governance and management of BAF (credit) portfolio with applicable process/system controls.
Principal Accountabilities:
- Manage the customer on-boarding process and ensure new customer on-boarding is as per Central Bank guidelines and banks internal processes.
- Approving low/medium risk accounts and coordinating with compliance team for high-risk accounts for Business Banking
- Responsible for managing portfolio clean up exercises along with Product due to Cheque returns, AML exists & any other reasons.
- Reviewing FCY approvals for low and medium risks as a checker and granting approval to open such accounts in accordance with SME FCY policy.
- Review of manual cases as a checker & granting approval to open account in accordance with SME onboarding policy for Low & Medium risk.
- Analyze reports such as TL expiries and Archival reports and present the data to the Manager and product teams to facilitate necessary actions.
- Responsible for serving BAF clients and accounts will be assigned as RM2 for required EWI monitoring and close contacts/ visits BAF clients.
- Conduct regular SME/BAF portfolio reviews to identify risk areas and implement risk mitigation strategies.
- Monitor the conduct of new on-boarded business banking customers and as well as existing portfolio to identify / pro-actively remedy accounts with suspicious transactions / business conduct.
- Conduct Due Diligence on identified accounts NTB/BAF to prevent their deterioration at an early stage.
- Conduct random reviews of the liability portfolio under the PBG umbrella by mean of EDDs, and provide feedback to senior management, to maintain quality book.
- Responsible for publishing daily AML/RFI reports related to the PBG Entity accounts & ensuring their timely closure. Escalate to the manager if necessary.
- Collaborate with other business units to ensure compliance with regulatory requirements i.e. FATCA/CRS reporting to Regulatory compliance for entity clients.
- Create MIS reports and presentations to communicate risk assessment results to senior management and stakeholders.
- Develop and implement risk management plans to mitigate identified risks.
- Monitor and evaluate the effectiveness of risk management strategies.
- Escalation to management any of the accounts meeting the Early Warning Indicators defaulting in BAF products, change in payment behavior.
- Establish effective & professional communication to ensure turnaround time within designated parameters.
- Stay up to date with relevant laws and regulations and ensure our business operations are compliant.
- Manage vendors performing customer site visits, documents verifications.
Requirements:
Education And Experience
- At least 7-10 years of experience in risk management, with a strong focus on identifying, evaluating, and mitigating risks
- Degree in accounting, finance, economics, and business management
- In depth technical knowledge of consumer banking products and services
- Numerical and financial analysis skills
- Proven ability to develop and implement risk management plans.
- Excellent analytical and problem-solving skills, the ability to analyze complex data and information.
- Thorough knowledge of global financial markets and trends
- Strong knowledge of relevant laws and regulations
- Interacts regularly with PBG Management to seek advice and discuss the recommended action plans for decreasing the cost of risk and Enhancing the Due Diligence.
- Ongoing contact with business, compliance, credit, collections, RMs, Vendors, Business managers and other departments
- Strong communication and interpersonal skills, with the ability to build strong working relationships with other department and stakeholders
- At least 7-10 years of experience in risk management, with a strong focus on identifying, evaluating, and mitigating risks
- Degree in accounting, finance, economics, and business management
- Professional certifications such as Certified Risk Management Professional (CRMP) are a plus
