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In Office

Job Description

The opportunity

This is a credit risk professional with a base in Singapore covering mainly the emerging markets. The candidate is responsible for credit risk assessment and processing the internal credit approval, and minimizing the credit loss of the credit portfolio, in addition to the credit data administration and necessary rating methodology review.

Responsibilities

• Assist in reviewing annual / interim credit reviews for all Asian issuers currently covered by different investment desks including MIM Asia, MIM Japan, MSL and GA Corp Finance team.
• Assist in reviewing other cases including (a) fast track credit application with a short turnaround requirement; (b) treasury bank proposals without any GA investment opportunities, (c) issuers with guarantees from supra nationals, and (d) country and sovereign reviews.
• Assist in soliciting internal response to in-country local regulatory enquiries from our operating countries (HK, China, Japan, Singapore, Vietnam, Indonesia, Malaysia, Myanmar, Cambodia, and the Philippines) in relation to credit risk management.
• Ensure the quality and timeliness of the credit research and recommendations for all names in assigned countries (Emerging Market focus), including credit submissions from different investment desks.
• Follow up on the approval conditions and discussion with different investment desks on the potential transactions.
• Assist in the preparation and submission of Quarterly Loan Review, and other reporting (if required).
• Ensure adherence to MFC credit policies and procedures to which the local credit procedures of other countries in Asia are aligned. 
• Manage credit quality of existing portfolio ensuring that credit ratings accurate, early warning indicators are properly assessed and that overdue annual reviews are within the tolerance level. Where applicable, ensure compliance with all financial/legal covenants.
• Minimize investment credit losses by identifying and proactively managing problem loans, making recommendations for asset disposal, or for provisions to be taken, when appropriate.
• Support problem loan management for Watchlist & QLR accounts (including default accounts), including formulation of the de-risk strategy in consultation with head office workout team, and workout proposal submission to the Name Owner (Asia) for approval.
• Monitor the credit limit utilization and advise on the necessary internal approvals on any excess position.
• Direct involvement in any additional GA investment asset classes, covering the impact analysis, process requirements, procedure updates and other data requirements on the GA Utilization database.
• Support Credit Risk Management on any country review, stress tests, data enquiries and any ad hoc assignment from Head Office.
• Provide guidance to the Credit Analytics Teams (based in Manila) on data update, correction and MI reporting.
• Assist in the internal/external audits for credit matters on the investment portfolios.
• Support in reviewing new product assessment proposals for GA Asia.
• Perform periodic review and update on the investment policies and procedure manuals for different Asian countries.
• Lead and participate in other ad-hoc projects/requests as needed.

How will you create impact?

The credit risk role is a second line of defense to ensure the acceptable credit quality and minimize the credit loss for the fixed income portfolio under General Account Investment Asia. This role is to establish the first credit risk presence in South East Asia in light of the growing volumes and transaction complexity, in addition to the proximity to most emerging markets.

What motivates you?

• You obsess about customers, listen, engage and act for their benefit.
• You think big, with curiosity to discover ways to use your agile approach and enable business outcomes.
• You thrive in teams and enjoy getting things done together.
• You take ownership and build solutions, focusing on what matters.
• You do what is right, work with integrity and speak up.
• You share your humanity, helping us build a diverse and inclusive work environment for everyone.

What we are looking for

• Bachelor degree in business administration, accounting, finance or related field
• At least 10 years of related experience in credit risk management and credit portfolio management
• Seasoned institutional credit analysis skill
• Solid knowledge of the regional credit markets, especially emerging markets
• Good report writing skill in English with fluency in English
• Mature and disciplined personality with strong organization, communication and interpersonal skills. 
• Ability to research and understand regulatory requirements across a diverse region

What can we offer you?

• A competitive salary and benefits packages.
• A growth trajectory that extends upward and outward, encouraging you to follow your passions and learn new skills.
• A focus on growing your career path with us.
• Flexible work policies and strong work-life balance.
• Professional development and leadership opportunities.

Our commitment to you

• Values-first culture
  We lead with our Values every day and bring them to life together.
• Boundless opportunity
  We create opportunities to learn and grow at every stage of your career.
• Continuous innovation
  We invite you to help redefine the future of financial services.
• Delivering the promise of Diversity, Equity and Inclusion
  We foster an inclusive workplace where everyone thrives.
• Championing Corporate Citizenship
  We build a business that benefits all stakeholders and has a positive social and environmental impact.

About Manulife and John Hancock

Manulife Financial Corporation is a leading international financial services group that helps people make their decisions easier and lives better. With our global headquarters in Toronto, Canada, we operate as Manulife across our offices in Asia, Canada, and Europe, and primarily as John Hancock in the United States. We provide financial advice, insurance, and wealth and asset management solutions for individuals, groups and institutions. At the end of 2022, we had more than 40,000 employees, over 116,000 agents, and thousands of distribution partners, serving over 34 million customers. At the end of 2022, we had $1.3 trillion (US$1.0 trillion) in assets under management and administration, including total invested assets of $0.4 trillion (US $0.3 trillion), and segregated funds net assets of $0.3 trillion (US$0.3 trillion). We trade as ‘MFC’ on the Toronto, New York, and the Philippine stock exchanges, and under ‘945’ in Hong Kong.

Manulife is an Equal Opportunity Employer

At Manulife/John Hancock, we embrace our diversity. We strive to attract, develop and retain a workforce that is as diverse as the customers we serve and to foster an inclusive work environment that embraces the strength of cultures and individuals. We are committed to fair recruitment, retention, advancement and compensation, and we administer all of our practices and programs without discrimination on the basis of race, ancestry, place of origin, colour, ethnic origin, citizenship, religion or religious beliefs, creed, sex (including pregnancy and pregnancy-related conditions), sexual orientation, genetic characteristics, veteran status, gender identity, gender expression, age, marital status, family status, disability, or any other ground protected by applicable law. 

It is our priority to remove barriers to provide equal access to employment. A Human Resources representative will work with applicants who request a reasonable accommodation during the application process. All information shared during the accommodation request process will be stored and used in a manner that is consistent with applicable laws and Manulife/John Hancock policies. To request a reasonable accommodation in the application process, contact [email protected].