Full Time

Senior Credit Monitoring and Support Analyst, Wealth Management

Posted 1 month ago
Application ends: November 20, 2021
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Job Description

In Asia Pacific, BNP Paribas is one of the best-positioned international financial institutions with an uninterrupted presence since 1860. Currently with over 18,000 employees* and a presence in 13 markets, BNP Paribas provides corporates, institutional and private investors with product and service solutions tailored to their specific needs. It offers a wide range of financial services covering corporate & institutional banking, wealth management, asset management, insurance, as well as retail banking and consumer financing through strategic partnerships.

Worldwide, BNP Paribas has a presence in 68 markets with more than 193,000 employees. It has key positions in its three main activities: Domestic Markets and International Financial Services (whose retail-banking networks and financial services are covered by Retail Banking & Services) and Corporate & Institutional Banking, which serves two client franchises: corporate clients and institutional investors. Asia Pacific is a key strategic region for BNP Paribas and it continues to develop its franchise in the region.

  • excluding partnerships

BNP Paribas offers you an exciting career in an international business environment that is fast-paced, diverse and focuses on creating high-value relationships with our clients. We offer competitive salary and benefits, as well as a working environment where you’re valued as part of the team.

https://careers.apac.bnpparibas/

Position Purpose

  • Prepare and consolidate the daily and monthly risk monitoring reports on Hong Kong, Singapore and Taiwan On-Shore accounts to Risk-WM and WM Management.
  • Ensure accounts operate within the guidelines or pre-approved exceptions and follow up with the Front office for action plans for new exceptions.
  • Review the lending ratio on new securities and co-ordinate with Risk-WM for FR requests/ confirmations.
  • Compile statistic reports for reporting or audit purpose
  • Check client’s positions to determine eligibility for new placements and IPOs.
  • Contribute to the implementation of operational permanent control policies and procedures in day-to-day business activities, such as Control Plan
  • Comply with regulatory requirements and internal guideline
  • Contribute to the reporting of all incidents according to the Incident Management System
  • Update monitoring templates to cater for systems upgrades.
  • Daily update of Selected Key client positions based on combination of WM and CIB monitoring systems.
  • Contribute to process improvement, automation and other projects
  • Contribute to UAT of system changes

Key Responsibilities

  • Undertake regular monitoring of all commitment clients under Wealth Management Hong Kong including:

i. Timely identification and reporting of under-margined clients.

ii. Detection of limit excess and unauthorized trades.

iii. Compliance with approval conditions and lending ratios.

  • Daily monitoring of sensitive clients (large exposures, active trading in FX and Equity derivative transactions). Positions are on one-day delay basis but some clients placed on real time depending on the weaknesses identified.
  • Authorization of loan roll-overs and new drawdowns on a daily basis.
  • Checking and release of security assets and funds.
  • Providing ad-hoc positions of commitment clients at Relationship Managers’ requests.
  • Daily assessment of Pending Settlement Report to ensure clients maintains sufficient liquidity or credit facilities to meet their commitment on settlement date. Contacting the Relationship Managers requesting evidence of management approval for breach in procedures.
  • Daily assessment of all transactions without authorized limits.
  • Control Aspect
  • Direct contribution to BNPP operational permanent control framework.
  • Contribute to the implementation of operational permanent control policies and procedures in day-to-day business activities, such as Control Plan
  • Comply with regulatory requirements and internal guidelines
  • Contribute to the reporting of all incidents according to the Incident Management System

Competencies (Technical / Behavioural)

Essential Technical Knowledge/Skills

  • Good computer skills – Word, Excel, Power Point, Macros. Knowledge of Python will be appreciated
  • Good knowledge of banking and credit
  • Good analytical skills
  • Good command of spoken and written English, Cantonese and Mandarin

Qualifications And Experience

Specific Qualifications Required

  • University Graduate
  • At least ten years credit / risk analyst experience/ Suitable candidate with less experience can be considered for a junior role.

Primary Location

HK-Hong Kong (HK)-Hong Kong

Job Type

Standard / Permanent

Job

RISKS

Education Level

Bachelor Degree or equivalent (>= 3 years)

Experience Level

At least 7 years