Job Summary:
We are seeking an experienced and strategic General Manager, Credit to lead the establishment and management of our credit department for hire purchase leasing. The ideal candidate will possess a deep understanding of credit risk management, financial analysis, and regulatory compliance within the Malaysian financial landscape. This role requires a proactive leader who can develop and implement effective credit policies, procedures, and systems to support the growth and sustainability of our hire purchase business.
Key Responsibilities:
Credit Department Setup:
... - Lead the establishment of the credit department, including the development of organizational structures, policies, procedures, and systems.
- Design and implement credit risk assessment frameworks and credit scoring models tailored for the hire purchase sector.
- Develop and execute strategic plans to achieve departmental objectives and align with the company's business goals.
Credit Risk Management:
- Oversee the evaluation and approval of credit applications, ensuring adherence to company policies and regulatory requirements.
- Monitor and manage the credit portfolio to minimize default risks and ensure a balanced risk-return profile.
- Conduct regular credit risk assessments, stress testing, and scenario analysis to anticipate and mitigate potential risks.
Team Leadership:
- Recruit, train, and mentor a high-performing credit team, fostering a culture of excellence, integrity, and accountability.
- Provide leadership and guidance to the credit team, promoting continuous improvement and professional development.
- Set clear performance expectations and conduct regular performance evaluations to ensure team members meet and exceed their goals.
Financial Analysis and Reporting:
- Conduct in-depth financial analysis of applicants' creditworthiness, including financial statements, cash flow analysis, and credit reports.
- Prepare and present comprehensive credit reports and recommendations to senior management and the credit committee.
- Monitor industry trends, market conditions, and regulatory changes to adjust credit strategies accordingly.
Compliance and Governance:
- Ensure compliance with all relevant laws, regulations, and industry standards, including Bank Negara Malaysia guidelines.
- Implement and maintain robust internal controls to safeguard against fraud, errors, and other operational risks.
- Liaise with external auditors, regulators, and other stakeholders to address credit-related matters and ensure transparency.
Strategic Partnerships:
- Develop and maintain strong relationships with financial institutions, credit bureaus, and other relevant stakeholders.
- Collaborate with other departments, such as sales, marketing, and operations, to support the overall business strategy and drive growth.
- Negotiate and manage credit terms and agreements with partners and vendors.
Qualifications and Requirements:
- Bachelor's degree in Finance, Accounting, Business Administration, or a related field; a Master's degree or professional certification (e.g., CFA, CPA) is preferred.
- Minimum of 10 years of experience in credit risk management, preferably within the hire purchase or financial services industry.
- Proven track record of successfully setting up and managing credit departments or similar functions.
- In-depth knowledge of credit risk assessment, financial analysis, and regulatory compliance in Malaysia.
- Strong leadership, communication, and interpersonal skills with the ability to influence and motivate teams.
- Excellent analytical and problem-solving abilities with a strategic mindset.
- Proficiency in credit management software and financial analysis tools.
- Fluency in English and Bahasa Malaysia; additional language skills are an advantage.
If you are keen on this opportunity, do apply via this link or reach out to bryant at 0164140218