WeLab Bank - Senior Manager, Credit Risk

WeLab, a leading pan-Asian fintech platform, operates two digital banks (WeLab Bank and Bank Saqu) as well as multiple online financial services in Hong Kong, Mainland China, and Indonesia, with over 70 million individual users and over 700 enterprise customers. WeLab uses game-changing technology to help users access credit, save money, and enjoy their financial journey.

At WeLab, we always put our people first. Embarking on a career with WeLab means being part of the driving force to make financial services accessible for everyone. In our flat and agile organization, you will get all the opportunities to make real impacts and deliver change. Most importantly, while you achieve greatness, we will ensure you have an amazing experience at WeLab!

Our team is energetic and passionate who can deliver and execute, and we are looking for intellectually curious, open-minded, and smart-working individuals who are just as passionate as we are about making financial services enjoyable.

Join us to build a better financial future for everyone!

About You:

• You're a go-getter with mad juggling skills (or multiple hats) who can thrive in a fast-paced, agile environment
• You enjoy doing purpose-led and meaningful work
• You have a strong thirst for knowledge and are driven to find solutions that don't exist yet
• You are comfortable with ambiguity and extremely resourceful (in your past life, you could've been a detective)
• You always find a way to get things done without sacrificing the quality of your work, integrity, and values
• No task is off limits for you
• You are humble and prioritize the success of the team over your own with an eagerness to help those around you
• You don't shy away from challenges and can bounce back from setbacks

What you’ll do and what success looks like in this role

• Lead the end-to-end development, enhancement, implementation, and monitoring of credit risk models, including PD, LGD, EAD, IFRS 9/ECL, stress testing, and portfolio risk models.
• Ensure compliance with regulatory requirements and model risk management standards through robust methodologies, model governance, performance monitoring, documentation, and engagement with validation, audit, and regulatory stakeholders.
• Design, update, and implement credit risk policies, procedures, and guidelines to mitigate risks and ensure compliance with regulatory standards
• Establish and maintain a governance framework for credit risk, including risk appetite statements, limits, and monitoring mechanisms
• Oversee the identification, measurement, and reporting of credit risk exposures
• Ensure adherence to regulatory requirements and industry best practices, collaborating with internal audit, compliance, and external regulators as needed
• Work closely with business units and risk committees to align credit risk strategies with the bank's overall objectives
• Monitor credit portfolio performance, identifying trends, vulnerabilities, and opportunities for improvement, and presenting findings to senior management
• Prepare and present comprehensive risk reports, dashboards, and recommendations to senior management and risk committees
• Drive initiatives to enhance credit risk systems, tools, and processes, leveraging data analytics and emerging technologies where applicable
• Liaise with regulators and auditors to provide explanations and clarification on the Bank’s adopted credit risk practices.
• Oversee collection and recovery strategies through portfolio analytics and performance monitoring to improve portfolio quality.

What is required and what we’re looking for

• Degree holder or above in Finance, Mathematics, Risk Management, Statistics or a related field
• Minimum 8 years of experience in banking industry with credit risk management of retail lending business
• Experienced in credit risk models development, analysis and policy formulation
• Sound knowledge in personal loan credit risk management is preferable
• Able to work in a dynamic and multinational culture and cope with high pressure
• Strong senses of risk control and management
• Hands on experience in collection and recovery strategies will be preferred
• Ability to build effective relationships and liaise effectively with key business areas and management at all levels of the organisation
• Experience in the latest industry development such as understanding of Artificial Intelligence and Machine Learning techniques will be an advantage

Perks and Benefits to enrich your experience at WeLab:

• Learning and development stipend - we value lifelong learning and believe the best way to invest in our employees is to encourage them to continue to learn
• Wellness and happiness – Numerous activities to let you focus on your physical and mental wellbeing. We allow flexible time offs to take care of personal matters and to enjoy time with family and friends
• Comfortable and positive work environment – Open plan office for easy collaboration and social with your colleagues, or branch out into your own thinking pods when needed, with FREE food and drinks for when you want to recharge
• Work smart, play hard – Connect with your colleagues over food and drinks at the stocked pantry, in the spacious social area with board games and a ping pong table, or over activities like hiking, yoga, badminton, etc.
• A big and contagious smile on everyone’s face to make you happier :)
  

WeLab’s Awards & Recognitions:

• Asia Banking Finance Retail Banking Awards: Virtual Bank of the Year - Hong Kong
• CNBC Disruptor 50: the only Hong Kong-based company on the list
• Financial Times Asia-Pacific High-Growth Companies: #2 in ranking
• The Chinese University of Hong Kong “Corporate Innovation Index”: #1 in ranking
  

We offer a competitive salary package to the successful candidate. If you are interested in joining this exciting team, please apply with resume via the "Apply" button below.

All information provided by applicants will be used for recruitment purposes only. Information of unsuccessful applicants will be destroyed within 24 months of receipt.