APAC Settlement/Payment Risk Credit Officer
State Street
APAC Settlement/Payment Risk Credit Officer
Job Description
Who we are looking forWe are looking for a regional Settlement/Payment Risk Credit Officer reporting directly to Head of APAC Credit. The role is primarily responsible for monitoring and approval of settlement credit exposures for the APAC region, and to escalate identified risks as appropriate. This role will be a key part of the risk management team, providing a unique opportunity to work in a dynamic risk management environment.Why this role is important to usThe Credit Risk team you will be joining is a part of the Financial Risk function of the State Street’s Enterprise Risk Management (ERM) department, a function that is vital to the company as a Second Line of Defense for overseeing the risk-taking activities of the First Line (FLOD), and independently identifying, measuring, monitoring, controlling, and reporting aggregate risks.What you will be responsible forAs a Settlement/Payment Risk Credit Officer, you will:Global monitoring and approval of settlement credit exposures for the APAC region, including Daylight overdrafts (DLOD) and End-of-day overdrafts (OD).Assess availability of funding by end-of-day based on evidence or confirmation.Evaluate the risk rationale for approving exceptions and consider materiality of overdraft exposure, and communicate to the business lines for exception remediation.Perform daily monitoring of DLOD and OD exposures, review and respond to transaction exceptions and fails, and ensure timely escalation of material exposures to Credit Risk.Review and approve Daylight Overdraft Approval Memos in specified sites - Hong Kong, Taiwan and Singapore.Respond to Boston credit risk requests including but not limited to review on aged ODs, high value ODs.Respond to FLOD on settlement credit questions related to Credit Risk Guidelines and risk approval processes from Client Services teams / clients.Coordinate across multiple stakeholders, e.g. FLOD on follow-up on large overdrafts and support FRB reporting requirements; and issues escalation to RMCOE.Closely monitoring credit counterparties and market events using a variety of internal management tools and escalating key issues to Head of APAC Credit and Head of International Credit.Make credit decisions, including exception approvals, within delegated credit authority, and subject to application of State Street’s stated risk appetite and application of policies and procedures.Develop a close working relationship with other risk functions and internal control functions across the group and particularly the ERM Credit teams in EMEA and the US.Maintain the highest standards of conduct and integrity and ensure compliance with accepted industry practice, company policies, statute and regulatory requirements.What we value These skills will help you succeed in this roleStrong credit analysis experience, with an emphasis on Settlement/Payment risksExcellent interpersonal, organizational and communication skills, both written and verbalStrong quantitative and qualitative analytical skills combined with critical thinkingExperience managing competing priorities within tight time constraintsWillingness to work with others on the team on special projectsEducation & Preferred QualificationsBachelor’s degree in finance, business, economics or related fieldFluent in EnglishMinimum 5 years of experience as a Credit Analyst or Credit OfficerAdditional requirementsHigh energy and strong motivation skills to add value to the organizationAbility to work effectively with colleagues at all levels, from junior credit analysts to senior managementWork RequirementHybrid work requirement - 4 days in office.Sydney basedAbout State StreetAcross the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.Discover more information on jobs at StateStreet.com/careersRead our CEO Statement
Locations
- Australia, Sydney
Required Qualifications
- High energy and strong motivation skills to add value to the organization (experience)
- Ability to work effectively with colleagues at all levels, from junior credit analysts to senior management (experience)
- High energy and strong motivation skills to add value to the organization (experience)
- Ability to work effectively with colleagues at all levels, from junior credit analysts to senior management (experience)
- Hybrid work requirement - 4 days in office. (experience)
- Sydney based (experience)
Preferred Qualifications
- Bachelor’s degree in finance, business, economics or related field (degree in finance)
- Fluent in English (experience)
- Minimum 5 years of experience as a Credit Analyst or Credit Officer (experience, 5 years)
- Bachelor’s degree in finance, business, economics or related field (degree in finance)
- Fluent in English (experience)
- Minimum 5 years of experience as a Credit Analyst or Credit Officer (experience, 5 years)
Responsibilities
- Global monitoring and approval of settlement credit exposures for the APAC region, including Daylight overdrafts (DLOD) and End-of-day overdrafts (OD).
- Assess availability of funding by end-of-day based on evidence or confirmation.
- Evaluate the risk rationale for approving exceptions and consider materiality of overdraft exposure, and communicate to the business lines for exception remediation.
- Perform daily monitoring of DLOD and OD exposures, review and respond to transaction exceptions and fails, and ensure timely escalation of material exposures to Credit Risk.
- Review and approve Daylight Overdraft Approval Memos in specified sites - Hong Kong, Taiwan and Singapore.
- Respond to Boston credit risk requests including but not limited to review on aged ODs, high value ODs.
- Respond to FLOD on settlement credit questions related to Credit Risk Guidelines and risk approval processes from Client Services teams / clients.
- Coordinate across multiple stakeholders, e.g. FLOD on follow-up on large overdrafts and support FRB reporting requirements; and issues escalation to RMCOE.
- Closely monitoring credit counterparties and market events using a variety of internal management tools and escalating key issues to Head of APAC Credit and Head of International Credit.
- Make credit decisions, including exception approvals, within delegated credit authority, and subject to application of State Street’s stated risk appetite and application of policies and procedures.
- Develop a close working relationship with other risk functions and internal control functions across the group and particularly the ERM Credit teams in EMEA and the US.
- Maintain the highest standards of conduct and integrity and ensure compliance with accepted industry practice, company policies, statute and regulatory requirements.
- Global monitoring and approval of settlement credit exposures for the APAC region, including Daylight overdrafts (DLOD) and End-of-day overdrafts (OD).
- Assess availability of funding by end-of-day based on evidence or confirmation.
- Evaluate the risk rationale for approving exceptions and consider materiality of overdraft exposure, and communicate to the business lines for exception remediation.
- Perform daily monitoring of DLOD and OD exposures, review and respond to transaction exceptions and fails, and ensure timely escalation of material exposures to Credit Risk.
- Review and approve Daylight Overdraft Approval Memos in specified sites - Hong Kong, Taiwan and Singapore.
- Respond to Boston credit risk requests including but not limited to review on aged ODs, high value ODs.
- Respond to FLOD on settlement credit questions related to Credit Risk Guidelines and risk approval processes from Client Services teams / clients.
- Coordinate across multiple stakeholders, e.g. FLOD on follow-up on large overdrafts and support FRB reporting requirements; and issues escalation to RMCOE.
- Closely monitoring credit counterparties and market events using a variety of internal management tools and escalating key issues to Head of APAC Credit and Head of International Credit.
- Make credit decisions, including exception approvals, within delegated credit authority, and subject to application of State Street’s stated risk appetite and application of policies and procedures.
- Develop a close working relationship with other risk functions and internal control functions across the group and particularly the ERM Credit teams in EMEA and the US.
- Maintain the highest standards of conduct and integrity and ensure compliance with accepted industry practice, company policies, statute and regulatory requirements.
- Strong credit analysis experience, with an emphasis on Settlement/Payment risks
- Excellent interpersonal, organizational and communication skills, both written and verbal
- Strong quantitative and qualitative analytical skills combined with critical thinking
- Experience managing competing priorities within tight time constraints
- Willingness to work with others on the team on special projects
- Strong credit analysis experience, with an emphasis on Settlement/Payment risks
- Excellent interpersonal, organizational and communication skills, both written and verbal
- Strong quantitative and qualitative analytical skills combined with critical thinking
- Experience managing competing priorities within tight time constraints
- Willingness to work with others on the team on special projects
Tags & Categories
Answer 10 quick questions to check your fit for APAC Settlement/Payment Risk Credit Officer @ State Street.
10 Questions
~2 Minutes
Instant Score