Question about Risk Management Job - Page 3 - Salary.sg Forums
Salary.sg Forums  

Go Back   Salary.sg Forums > The Salary.sg Discussion Forums: > Income and Jobs

Income and Jobs Discuss jobs, career options and of course salaries




Question about Risk Management Job

Reply
 
Thread Tools
  #21 (permalink)  
Old 27-04-2016, 05:17 PM
Unregistered
Guest
 
Posts: n/a
Default

"I was offered an interview by Maybank for this Credit Executive (Retail Credit) position. Want to ask if this job scope has got prospect to credit risk analyst in the future?

"You will be responsible for preparation for credit review and risk assessment analysis of various types of lending proposals for our clients. You will ensure credit quality and its compliance with credit policy and lending guidelines."

I'm on the S & T desk and it is pretty quiet today. All waiting for Yellen to speak the magic words. Anyway to answer your question, credit executive is just the guy who does credit review for new or existing bilateral/syndication.

You will enjoy the job if you can write well and have a thing for looking at financial reports.

Reply With Quote
  #22 (permalink)  
Old 28-04-2016, 12:10 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
"I was offered an interview by Maybank for this Credit Executive (Retail Credit) position. Want to ask if this job scope has got prospect to credit risk analyst in the future?

"You will be responsible for preparation for credit review and risk assessment analysis of various types of lending proposals for our clients. You will ensure credit quality and its compliance with credit policy and lending guidelines."

I'm on the S & T desk and it is pretty quiet today. All waiting for Yellen to speak the magic words. Anyway to answer your question, credit executive is just the guy who does credit review for new or existing bilateral/syndication.

You will enjoy the job if you can write well and have a thing for looking at financial reports.
Retail credit does not look at financial reports often.

Reply With Quote
  #23 (permalink)  
Old 28-04-2016, 12:23 AM
Verified Member
 
Join Date: Apr 2016
Posts: 15
Canberra is on a distinguished road
Default

Hi Freshie,

What some folks here are speaking the truth albeit harsh words. You're a fresh grad without experiences and banks can't afford to hire you. Few reasons; too expensive, demand too much, lack of experience, cannot seat still and follow orders, challenging authorities etc.

Start from commercial banking first, maybe sales role then internal hop or get out to other institutions, best is head-huntered!

Reply With Quote
  #24 (permalink)  
Old 28-04-2016, 06:37 AM
Junior Member
 
Join Date: Apr 2016
Posts: 8
fashynisty is on a distinguished road
Default

Quote:
Originally Posted by Unregistered View Post
Retail credit does not look at financial reports often.
Hi there! Care to share what does retail credit look at often? Would love to know more thanks!
Reply With Quote
  #25 (permalink)  
Old 28-04-2016, 06:43 AM
Junior Member
 
Join Date: Apr 2016
Posts: 8
fashynisty is on a distinguished road
Default

Quote:
Originally Posted by Canberra View Post
Hi Freshie,

What some folks here are speaking the truth albeit harsh words. You're a fresh grad without experiences and banks can't afford to hire you. Few reasons; too expensive, demand too much, lack of experience, cannot seat still and follow orders, challenging authorities etc.

Start from commercial banking first, maybe sales role then internal hop or get out to other institutions, best is head-huntered!
Hi! I do understand where are they coming from even though it's harsh, at least I learnt something from it. Not like one of them who only knows how to talk about counting chickens and hatching eggs without not giving any relevant advices.

Anyway I will heed your advices and continue to ask around to gain more insights, thanks a lot for your time.
Reply With Quote
  #26 (permalink)  
Old 28-04-2016, 12:14 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by fashynisty View Post
Hi there! Care to share what does retail credit look at often? Would love to know more thanks!
Basically you check the basics like credit files, existing loans/mortgages, delinquency, income statements etc. Occasionally if someone is pledging company shares as collateral then you need to get the financial statements, but the job is not to assess but ensure proper documentation and system entry for relevant department for further comment.

This is pretty much a paper work driven administrative job. Every bank will have a standard list of documentation and checklist required depending on the type of lending products and loan amounts. The job is to solicit and document the required info and ensure compliance before giving the go ahead.

Most cases are simple straight forward follow the rules, sometimes you get a few cases borderline or outside SOP then escalate to correct channel and wait for further instructions.

From a certain POV you can call this risk management as well, but it's considered very low level and transactional sort of risk management. Think of your teller/relationship manager at your UOB branch, technically she is also a banker, but it's not the "right" kind that most people are referring to.
Reply With Quote

  #27 (permalink)  
Old 28-04-2016, 04:20 PM
Verified Member
 
Join Date: Apr 2016
Posts: 15
Canberra is on a distinguished road
Default

Best Credit Repair Defense Mechanisms | Credit Control
Quote:
Originally Posted by fashynisty View Post
Hi! I do understand where are they coming from even though it's harsh, at least I learnt something from it. Not like one of them who only knows how to talk about counting chickens and hatching eggs without not giving any relevant advices.

Anyway I will heed your advices and continue to ask around to gain more insights, thanks a lot for your time.
Hi,

Firstly, I cannot afford an advice but may share my opinions. Only the respective banking HR function can provide advisory services. The world is cruel and we are elated that some forum members are willing to expose instead of sweet talking or mockery.

Retail credit positions normally do TM on a remediation work but some folks prefer to call it operational aspects, which means the same thing. The typical mundane collection of documents (not limited to the above post), liaising with internal and cross-border rm etc., attending second tier meeting (instructions to be passed down after a long chain of workers) and more. No voice here just do it.

And yes, you will report to the main "Retail Credit" team. What?! Yes, the ones who liaise with MAS etc. Your potential may be splilt up like going to risk modelling, quant stats or o advisory if you are deemed fit. A detour to MAS or likewise similar firms can secure better chances.

A small speck of dust and wish you the best. There are simply so much more than 2-3 pages won't suffice.
Reply With Quote
  #28 (permalink)  
Old 28-04-2016, 10:05 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Canberra View Post
[url=://creditrepairex.com/best-credit-repair-defense-mechanisms]Best Credit Repair Defense Mechanisms | Credit Control[/

Hi,

Firstly, I cannot afford an advice but may share my opinions. Only the respective banking HR function can provide advisory services. The world is cruel and we are elated that some forum members are willing to expose instead of sweet talking or mockery.

Retail credit positions normally do TM on a remediation work but some folks prefer to call it operational aspects, which means the same thing. The typical mundane collection of documents (not limited to the above post), liaising with internal and cross-border rm etc., attending second tier meeting (instructions to be passed down after a long chain of workers) and more. No voice here just do it.

And yes, you will report to the main "Retail Credit" team. What?! Yes, the ones who liaise with MAS etc. Your potential may be splilt up like going to risk modelling, quant stats or o advisory if you are deemed fit. A detour to MAS or likewise similar firms can secure better chances.

A small speck of dust and wish you the best. There are simply so much more than 2-3 pages won't suffice.
Probably true for local banks, but as TS interview is with Maybank I don't think they have such a robust process framework. From what I know it's quite disorganized and chaotic over there, so although it's a transactional and operational work, it might be very frustrating due to poor process and systems design and high staff turnover.
Reply With Quote
  #29 (permalink)  
Old 25-03-2018, 05:24 PM
Unregistered
Guest
 
Posts: n/a
Default

What is the pay and progression that one can expect for such roles? Market risk reporting etc.
I assume a local uní fresh grad can get into bank with starting pay above 3.5k for such roles right?


Primary School English Grammar and Vocabulary Drills
Primary School English Grammar and Vocabulary Drills


SG Bus Timing App
SG Bus Timing App - the best bus app - available on iOS and Android


Bursa Stocks Android App - check share prices
Bursa Stocks [Android] App - check latest share prices on the go


SGX Stocks Android App - check share prices
SGX Stocks [Android] App - check latest share prices on the go


SGX Stocks for iPad - check latest Singapore share prices
SGX Stocks [iPad] app
| SGX Stocks [iPhone] app
Reply With Quote
  #30 (permalink)  
Old 02-05-2020, 01:27 PM
Junior Member
 
Join Date: Apr 2020
Posts: 6
sweetlovet is on a distinguished road
Default

Hi, can you share with me how the interview goes?
Reply With Quote
Reply

Bookmarks

« Previous Thread | Next Thread »
Thread Tools

Posting Rules
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
How to enter middle office (KYC, Compliance, Risk Management) in bank ? ZoOq Income and Jobs 17 04-10-2017 09:56 AM
Career progression for risk management related position david Income and Jobs 84 27-09-2017 09:29 PM
qualified actuary vs risk management in investment bank actuary Income and Jobs 11 13-04-2016 02:54 PM
A question blurgy Income and Jobs 0 06-01-2014 10:42 PM
Risk Management az69648 Income and Jobs 17 25-05-2013 11:09 AM

» 30 Recent Threads
UOB Management Associate Program ( 1 2 3... Last Page)
1,457 Replies, 784,473 Views
Career as Teacher ( 1 2 3... Last Page)
10,835 Replies, 6,667,188 Views
Is getting a PMP worth it ?
4 Replies, 7,116 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
15,309 Replies, 4,983,704 Views
Lawyer Salary ( 1 2 3... Last Page)
21,014 Replies, 10,329,712 Views
GovTech ( 1 2 3... Last Page)
5,161 Replies, 2,163,751 Views
MAS for Mid Career Professionals ( 1 2 3... Last Page)
1,801 Replies, 1,044,427 Views
LTA (Land Transport Authority) ( 1 2 3... Last Page)
679 Replies, 388,408 Views
Visa Graduate Development Program ( 1 2 3... Last Page)
207 Replies, 134,639 Views
SIM-UOL fresh grad starting pay ( 1 2 3... Last Page)
6,922 Replies, 2,902,732 Views
Nparks ( 1 2 3... Last Page)
39 Replies, 34,386 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
5,828 Replies, 4,656,990 Views
ITE Polytechnic Scheme ( 1 2 3... Last Page)
309 Replies, 369,131 Views
Civil Service Performance Bonus ( 1 2 3... Last Page)
5,338 Replies, 4,770,741 Views
Compare civil service salary ( 1 2 3... Last Page)
16,342 Replies, 12,456,276 Views
Civil Service Current Estimated... ( 1 2 3... Last Page)
169 Replies, 309,175 Views
Constituency Manager (People... ( 1 2 3... Last Page)
989 Replies, 813,959 Views
Julius Baer Graduate Program 2023 ( 1 2 3)
21 Replies, 14,809 Views
Roles in accenture singapore ( 1 2 3... Last Page)
7,385 Replies, 2,324,354 Views
HTX (Home Team Science and... ( 1 2 3... Last Page)
752 Replies, 358,505 Views
Shopee fresh grad pay ( 1 2 3... Last Page)
1,049 Replies, 440,594 Views
DSTA (under Mindef) ( 1 2 3... Last Page)
1,464 Replies, 1,375,267 Views
ST Electronics ( 1 2 3... Last Page)
3,767 Replies, 1,544,957 Views
IMDA (under MCI) ( 1 2 3... Last Page)
1,260 Replies, 613,633 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
6,123 Replies, 3,738,695 Views
MX12 reappointed at MX11
8 Replies, 825 Views
Hospital (Private or Public)... ( 1 2 3... Last Page)
749 Replies, 405,600 Views
NCS (SingTel subsidiary) ( 1 2 3... Last Page)
1,329 Replies, 1,142,348 Views
MFA- Foreign Service... ( 1 2 3... Last Page)
54 Replies, 84,985 Views
Cybersecurity/Info security career ( 1 2 3... Last Page)
511 Replies, 268,618 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 08:38 AM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2