Get to know our Team:
Grab’s lending business (GFSA – Grab Financial Services Asia) is a recent addition to Grab’s array of product and service offerings focused on extension of Micro credits to drivers, agents and merchants in Grab’s ecosystem. GFSA team is a combination of strong talent pool in its Regional Hub (Singapore) and deep local market operators across its focus markets. We are incredibly excited about the opportunity ahead of us. We are looking to put together the best possible combination of business build drive, industry expertise and local market depth as part of our team. GFSA team is responsible for end to end conceptualisation, design, development, execution and ongoing management of all lending activities in its focus markets and segments.
Regional Risk Policy and Provision Manager will own the IFRS9 methodology and related policies and procedures. He/She will work closely across business lines and geographies (5 markets) ensuring IFRS9 model is reviewed and improved on a continuous manner. The team member works closely with the Regional Risk team and country Business operations team to ensure risk objectives are met. The individual joining as Senior Associate, Credit Risk will have the unique opportunity to rapidly grow professionally as the team embarks on this new journey across all aspects of the credit risk framework, from data integrity, to systems, reporting to compliance.
Responsibilities Include:
- Develop, implement and maintain Probability of Default (PD) models and credit risk methodologies for Financial Services for both regulatory and accounting (i.e IFRS9) purposes
- Support the model’s approval and governance process ensuring justification of modeling decisions and assumptions
- Engage with businesses, risk and finance teams to ensure models and methodologies are understood
- Explain models and methodologies to independent model reviewer, auditor and regulator
- Drive business agenda with potential partners and to evaluate the right economics of risk and profitability
- Assist product and credit programs, including the review / estimation of risk parameters, product pricing, product structure and regulatory requirements
- Assist in setting up the generation one of the compliance framework and assist in regulatory reporting on an adhoc basis.
Requirements:
- A Master’s degree/Bachelor’s degree, preferably in Finance, Accounting, Statistics, Mathematics, Economics
- Experience in IFRS9 Expected Credit Loss for Consumer Portfolio is a must
- Minimum 8+ years relevant work experience in Basel 2/Basel 3, IFRS9 and Credit Risk analytics or insights-related role
- With understanding of accounting and/or credit risk concepts
- Strong interpersonal skills with highly developed capacity to influence related business stakeholders
- Expertise in verbal and written communication skills
- Strong analytical skills with the ability to collect, organize and analyze significant amount of information with attention to detail and accuracy
- Self-motivated and independent learner with a high level of drive, dedication and desire to excel consistently
- Detail-oriented and efficient time manager who thrives in a rapidly changing and dynamic working environment.
Good to have:
- Proficiency in both English and Local Language
- Have experience in digital lending for either or both for consumer and SMEs
