Senior Credit Officer Salary (Hong Kong)
A Senior Credit Officer earns an average salary of HK$244,168 per year.
Job Description for Senior Credit Officer
A senior credit officer, sometimes referred to as the chief credit officer, is a senior manager within a financial institution such as a bank or credit union. They handle a number of tasks, including creating procedures and policies for credit and loans, implementing a system of credit analysis and quality assurance for loans, and examining files for credit assurance and collateral documentation. Senior credit officers also prepare written analyses regarding large loans, identify problematic loans, provide quarterly analyses regarding loan and lease allowances and losses, and prepare board reports. As a supervisor, senior credit officers are required to have extensive knowledge of relevant mathematical concepts (primarily probability and statistics), as well as the ability to make effective presentations, interpret technical instructions, and ensure staff compliance with company policies. A senior credit officer also serves as a representative of their institution, often attending functions and events as part of their duties.Read More...
Typically, a senior credit officer position requires at least a bachelor’s degree in finance, accounting, or a related field, in addition to related training in lending and compliance. This senior-level position often requires a minimum of eight to 10 years of experience with bank lending and/or compliance as well. While senior credit officers typically work during regular business hours, overtime and/or alternative hours may be required depending on the needs of the employer. (Copyright 2018 PayScale.com)
Senior Credit Officer Tasks
- Analyze financial information to determine credit quality, approve credit, and document risk factors.
- Develop and document risk mitigation standards and processes.
- Investigate and understand discrepancies, problems, and unusual situations.
- Document and report on lending relationships' status and quality.
- Direct due diligence and portfolio assessment practices, evaluating work.