At a Glance
- Tasks: Monitor and approve settlement credit exposures across the APAC region.
- Company: Join State Street, a leader in financial risk management.
- Benefits: Enjoy hybrid work, inclusive development opportunities, and paid volunteer days.
- Other info: Work in a supportive environment that values your growth and contributions.
- Why this job: Be part of a dynamic risk management team making impactful decisions.
- Qualifications: 5+ years in credit analysis; strong communication and analytical skills required.
The predicted salary is between 90000 - 110000 $ per year.
We 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 elevate 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.
What you will be responsible for:
- 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:
- 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.
Education & Preferred Qualifications:
- Bachelor’s degree in finance, business, economics or related field.
- Minimum 5 years of experience as a Credit Analyst or Credit Officer.
Additional requirements:
- High energy and strong motivation skills to add value to the organization.
- Ability to work effectively with colleagues at all levels, from junior credit analysts to senior management.
Work Requirement:
- Hybrid work requirement - 4 days in office. Sydney based.
APAC Settlement/Payment Risk Credit Officer in Sydney employer: State Street
State Street is an exceptional employer that prioritises employee growth and development within a dynamic and inclusive work culture. As part of the Front Office Support team, you'll enjoy flexible work-life support, paid volunteer days, and access to vibrant employee networks, all while contributing to meaningful projects in a global financial services environment. Join us to be part of a team that values your contributions and empowers you to reach your full potential.
