About Validus
Founded in 2015 to address the unmet financing needs of SMEs, Validus is the leading all-in-one SME financing platform in Southeast Asia today, providing small businesses with faster and effortless one-stop financial solutions. Headquartered in Singapore, we’re present in 4 markets – Indonesia, Singapore, Thailand and Vietnam.
We’re on a mission to drive financial inclusion and prosperity for small businesses by leveraging data, AI and strategic partnerships to drive growth financing to under-served SMEs. To date, we have disbursed over USD 3 billion in loans to small businesses across the region. Validus is backed by top-tier VCs and strategic investors including leading banks from Japan and Korea.
We are profitable in our largest market Indonesia (2023 ROE > 40%) and are aiming for Group level profitability by end of this year. In recognition of our innovation and contribution towards SME lending transformation, Validus has won several notable accolades, including 1st place (Singapore Financial Institution), 1st runner-up (Singapore FinTech), SFF Global Fintech Leader, Top 10 FinTech Leaders Awards, LinkedIn Top 15 Startups in Singapore, and more.
Who we are looking for
As Group Head of Credit & Risk, you will
- Assume overall responsibility for establishing, overseeing, and managing the core credit & operational risk responsibilities across the Group
- Develop policies and procedures necessary for operating and managing the risk management framework, and oversee their implementation
- Participate in or lead risk and other control committees established for Singapore and each of the operating markets for the Group
- Supervise the development of new processes and procedures related to risk management, serving as the primary point of contact for all risk-related matters
Responsibilities:
The position is involved with Credit, Market, Operational and Liquidity risks across the Group while the main focus shall be on Credit Risk, with the following responsibilities:
Credit Policies & Procedures
- Review and oversee the Credit Risk Management policy for each of the operating markets and review/update it from time to time while ensuring compliance with the relevant local regulations
- Set up and oversee the procedure and guidelines for the establishing of credit committee, ALCO committee etc. across each of the operating markets
- Set objectives for measuring, monitoring, evaluating and mitigating the risk exposure at each operating market and ensure that they are reported in a timely manner to regulatory entities and the Group management
- Supervising the Risk Management department in each of the operating markets
Risk Asset Review
- Review of credit risk in accordance with the established Credit Rating System and Credit quality assessment
- Ensure that risks are properly addressed in terms of compliance with existing rules and regulations established by internal, local and international regulators
- Ensure that classified loans are reported and properly administered as per the applicable Group policy
Portfolio Management
- Establish procedure and execute portfolio and product level Profitability and Risk analysis for the Group
- Develop predictive dynamic monitoring procedures/system for Risk Management departments across the Group
The ideal candidate will possess:
- Bachelor's degree in Finance, Economics, Business Administration, or a related field; Master's degree preferred
- A minimum of 15 years of experience in risk management within the financial services industry, both at an operating country as well as regional level
- Comprehensive knowledge of credit, market, operational, and regulatory risks
- Excellent communication and interpersonal abilities, enabling effective interaction with stakeholders across all levels
- Proven track record of leadership and team management
- Strong analytical skill with primary focus in risk and control areas but possesses the ability to apply a commercial lens and pragmatic approach with respect to strategic business benefits realization.
- Proven track record of delivery controls/operational risk management within Financial Services sector
