Diagram 3.1.1. Divisions in Overseas-Chinese Banking Corporation (OCBC)
I am attached to one of the departments in the Group Risk Management division. At a glance, Group Risk Management (GRM) is an independent function that reports to the Group Chief Risk Officer, Vincent Choo, who is responsible for ensuring that risk management practices in OCBC are effective and comprehensive.
GRM has financial responsibility in contributing independent risk control and management of credit, market, operational, liquidity and other key risks for the bank and its financial subsidiaries. Within the division, risk officers are committed to establish policies, measurement, monitoring and methodology focusing on risk profile and portfolio as well as risk …show more content…
Diagram 4.3. Teams under Credit Risk Modelling section
There are three types of customers that the section work on, thus the assignment of different types of customers are allocated to each team namely Wholesale Ratings, Retail Ratings and Emerging Business Ratings.
While the Rating Infrastructure and Quality Assurance team develops the model for rating the customer, the rest of the teams will determine how they should rate the respective customers. As for the team of Economic Capital, they will be evaluating the model and showing how the rating of each customer will result in different outputs such in ROE, ROA and RWA, thus allowing the end-user to reach a conclusion for the customer.
7. Duties Relevant to the Organization and Industry
7.1 Organization
My duties for the enhanced Loan Decision Support Model ensures the model is launch without any hiccup be it due to calculation or user interface concerning risk. This enables the organization to have an updated model for RMs to evaluate the outputs based on the credit rating of the …show more content…
For instance, I tend to be meticulous and forward-thinking when it comes to doing projects, thus it helps me when it comes to testing of models. Just like my mentor, he tends to think ahead of us with all the “what-ifs” and when issues arises, he will already have the solution to resolve it. So just from this, I understood that there will always be pros and cons of certain qualities when applied in the right area. Hence with the exposures of doing projects, qualities that is needed during project work will be handy to be practised in the working environment.
10. Opportunities Available to Further My Careers In This Functional Role
In Group Risk Management, they are always operating in an ever-changing environment exposed to both financial and non-financial risks thus all the roles in risk management is always crucial. Working in the department will expedite professional development through new challenges and opportunities.
However if a staff wants to have a change in role but is unsure of what he/she wants, OCBC has a career navigator whereby it specifies the job attributes, learning and development, career path and career options in the functional role. Alternatively, he/she can also visit the HR intranet for the internal job posting careers available in the division to further their
I am attached to one of the departments in the Group Risk Management division. At a glance, Group Risk Management (GRM) is an independent function that reports to the Group Chief Risk Officer, Vincent Choo, who is responsible for ensuring that risk management practices in OCBC are effective and comprehensive.
GRM has financial responsibility in contributing independent risk control and management of credit, market, operational, liquidity and other key risks for the bank and its financial subsidiaries. Within the division, risk officers are committed to establish policies, measurement, monitoring and methodology focusing on risk profile and portfolio as well as risk …show more content…
Diagram 4.3. Teams under Credit Risk Modelling section
There are three types of customers that the section work on, thus the assignment of different types of customers are allocated to each team namely Wholesale Ratings, Retail Ratings and Emerging Business Ratings.
While the Rating Infrastructure and Quality Assurance team develops the model for rating the customer, the rest of the teams will determine how they should rate the respective customers. As for the team of Economic Capital, they will be evaluating the model and showing how the rating of each customer will result in different outputs such in ROE, ROA and RWA, thus allowing the end-user to reach a conclusion for the customer.
7. Duties Relevant to the Organization and Industry
7.1 Organization
My duties for the enhanced Loan Decision Support Model ensures the model is launch without any hiccup be it due to calculation or user interface concerning risk. This enables the organization to have an updated model for RMs to evaluate the outputs based on the credit rating of the …show more content…
For instance, I tend to be meticulous and forward-thinking when it comes to doing projects, thus it helps me when it comes to testing of models. Just like my mentor, he tends to think ahead of us with all the “what-ifs” and when issues arises, he will already have the solution to resolve it. So just from this, I understood that there will always be pros and cons of certain qualities when applied in the right area. Hence with the exposures of doing projects, qualities that is needed during project work will be handy to be practised in the working environment.
10. Opportunities Available to Further My Careers In This Functional Role
In Group Risk Management, they are always operating in an ever-changing environment exposed to both financial and non-financial risks thus all the roles in risk management is always crucial. Working in the department will expedite professional development through new challenges and opportunities.
However if a staff wants to have a change in role but is unsure of what he/she wants, OCBC has a career navigator whereby it specifies the job attributes, learning and development, career path and career options in the functional role. Alternatively, he/she can also visit the HR intranet for the internal job posting careers available in the division to further their