Question about Risk Management Job

"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.

Originally Posted by Unregistered

"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.

[Canberra]

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!

[fashynisty]

Originally Posted by Unregistered

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!

[fashynisty]

Originally Posted by Canberra

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.

Originally Posted by fashynisty

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.

[Canberra]

Best Credit Repair Defense Mechanisms | Credit Control

Originally Posted by fashynisty

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.

Originally Posted by Canberra

[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.

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?

[sweetlovet]

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