Credit Review Officer

Industry Category	Accounting / Finance	Position	Banking / Finance
Recruitment Department		Number Of Recruits	several
Work Location	Cebu Cebu City	Nature Of Work	Full Time
Gender Requirements	Male	Marriage Requirement	No marital status restrictions
Education Level	College Diploma	Work Experience	No work experience restrictions
Age Requirement	Above 18 years old	Salary Package	Negotiable
Updated Date	2022-10-18	Valid Until	Long-term validity

The Credit Review Officer provides independent, objective, reliable, valued, and timely assurance to the Board of Directors, the Risk Oversight Committee (ROC), the Chief Risk Officer (CRO), senior management, and regulators over the effectiveness of credit, capital and collateral risk management and the ability to identify, monitor and mitigate current and emerging risks.

Key Responsibilities:

Perform loan reviews of complex loan types and sample standardized portfolios including large or high-risk lending areas.Conduct credit risk assessments by evaluating the financial position of borrowers considering prudent lending practices through financial/cash flow analysis and applying credit principles and banking regulations.Conduct an independent evaluation of the Bank’s consumer loan portfolio quality.Recommend appropriate loan risk scores or adversely classify loans, especially those with well-defined credit weaknesses that jeopardize the repayment.Identify potential systemic problems in the life cycle of credit from origination, underwriting, documentation, and problem loans.Develop problem loans in a timely manner in order to minimize loan losses and ensure effective credit risk management practices.Ensure compliance with established policies, regulatory guidelines, sound lending practices, and the stability of lending practices and activities.Cooperate with external auditors and regulators, as necessary.Conduct credit risk assessments based on the bank’s identified risk appetite.Exercises good leadership and ensures harmonious working relationships among the team and other bank personnel.Discuss all noted deficiencies and identified weaknesses, and any existing or planned corrective actions, including time frames for correction, with appropriate loan/account officers or branch personnel.

A.    Minimum Job Requirements:

o  Bachelor’s degree in Accountancy, Business Administration, Management Accounting, Finance, Economics, Business Statistics, or any similar discipline is required for this position.

o  Master’s degree in Business Administration, or any similar discipline, is an advantage.

o  Certification/professional license (Certified Financial Risk Manager, Certified Public Accountant, Certified Internal Auditor) is preferred but not required.

o  Must have at least 5 years of relevant experience as an Account Officer/Credit Reviewer/Credit Analyst in any BSP-supervised financial institution (BSFI) at the supervisory level.

B.    Knowledge, Skills, and Abilities Required:

o  Strong proficiency in MS Office and general computer use.

o  Ability to effectively manage competing deadlines for projects in a high-pressure work environment, with varying degrees of supervision.

o  Ability to analyze cash flows, leverage, collateral, and customer strength.

o  Strong attention to detail and ability to notice discrepancies in data.

o  Impeccable understanding of financial statements, ratios, and concepts

o  Up to date with legal, compliance, and market risk-related issues.

o  Strong communication and presentation skills.

o  Ability to lead and manage teams.

o  Strong critical thinking and problem-solving skills to be able to formulate and execute effective and relevant risk management programs.

The Metro Gaisano GroupWealthBank traces its origin in the year 1967 when Danao City Development Bank was granted a thrift bank license and an authority to operate by then Central Bank of the Philippines. This single-branch thrift bank, principally located in Danao City, had equity participation by the Development Bank of the Philippines and the Land Bank of the Philippines. In 2001 , VICSAL Development Corporation, acquired Danao City Development Bank, signaling the start of what is now known as Wealth Development Bank. Branch expansion soon started in 2002 starting in the Visayas and Mindanao region. Currently, Wealthbank has 24 strategic branches located throughout the country with new branches poised to open in current and succeeding years. In 201 6, it became a subsidiary of Woori Bank, the oldest and the second largest bank of South Korea, after it acquired 51% stake in Wealthbank. This merger gave a unique position to Wealthbank as a local thrift bank with global reach.Woori BankWealth Bank, is the first and only thrift bank in the Philippines to become a subsidiary of a multinational bank, Woori Bank. Recognizing its strong potential for expansion and growth, Woori Bank partnered with Vicsal Development Corporation for WealthBank in 2016. Woori, established in 1899 as Daehan Cheonil Bank and later renamed to Woori Bank, is South Korea's oldest and second largest bank in terms of total assets, ranking 91st worldwide. For the past 100 years, Woori has served as the treasury bank for the Seoul Metropolitan Government and managed funds raised for the National Debt Redemption Movement. By the 3rd quarter of 201 5, Woori Bank had a total of $173 billion in deposits, $209 billion in loans, and $251 billion in total assets. Woori Bank was acclaimed Bank of the Year in Korea by The Banker in 2004,2007,2008,2010, and 2011 and The Asian Banker in 2011 , 2012 and 2013. It also served as the driving force behind Seoul’s economic growth by serving as lender for promising exporters. Woori is also known for its technological innovation and use of computer and mobile telephony. In 2015 Woori Bank launched WiBee Bank, considered to be Korea's first mobile-only bank. It also entered into partnership with Samsung to provide Samsung Pay payments and ATM cash withdrawal transactions. Woori Bank brings to WealthBank its international experience in serving a vast array of 22 million retail clients and over a million commercial firms, conglomerates, and public institutions with its 956 branches in South Korea as well as its 225 branches in 20 other countries. This synergy between Woori Bank and VDC for WealthBank will expand its market reach to serve Korean SMEs and the Overseas Filipino Workers, as well as Korean businesses operating in the country and Korean citizens visiting and working in the Philippines. Customers can look forward to additional branches, ATM outlets, and more products and services including Foreign Currency Deposit Unit (FCDU), Government Securities Trading, Credit Card, Quasi Banking, and Remittance. This major milestone is key in the fulfilment of WealthBank's vision beyond global reach to global presence.