JASON ONG
CREDIT RISK OFFICER
HONG KONG
Summary
Credit risk officer currently based in Hong Kong with 8 years of experience in private banking, specializing in assessing, monitoring, and mitigating credit exposures. Adept at collaborating with front-office teams to evaluate risk appetite and structure credit solutions, while ensuring seamless coordination with back-office operations for accurate reporting and compliance. Prior background in client lifecycle management (CLM), including onboarding, KYC, due diligence, and periodic reviews, ensuring regulatory adherence and risk mitigation.
Overview
9
9
years of professional experience
Work History
Credit Risk Officer (Lombard)
UBS AG
07.2021 - Current
- Part of the Lombard Team responsible for credit limits approval and monitoring of credit risks.
- Product focus includes Lombard loans, mortgage, life insurance, OTC derivatives, exchanged traded derivatives.
- Identify and control bank's credit risks, ensure high quality credit risk assessment and continuous monitoring of the portfolio of counterparties / issues and consider reward in risk decisions.
- Vigorously defend UBS contractual rights in restructuring / work-out situations. Provide Guidance to, and exercise oversight over the business / risk management to ensure the Firm's risk appetite, policies and procedures are fully adhered to.
- Take a broad view of the risks and help ensure material issues are escalated to relevant control functions and senior management.
- Ensure compliance with statutory and corporate policies and manage auditors and regulators' communication in relation to WM Asia Booking center matters.
- Ensured regulatory compliance by staying current on industry standards and updating company policies accordingly.
Credit Risk Control Specialist
UBS AG
07.2019 - 07.2021
- Ensure perfection of documentation prior to limit setup, and the subsequent maintenance of credit facilities and static data.
- Monitoring of collateral shortfall events, limit excesses and special conditions (ie: concentration risk).
- Served as a liaison with external stakeholders such as insurance carriers to ensure prices of pledged collaterals are updated regularly
- Collaborated with internal audit teams to assess the effectiveness of implemented risk controls as part of ongoing monitoring activities.
- Facilitated communication between departments regarding risk control initiatives, and updates in processes.
Data & Doc Specialist
UBS AG
02.2016 - 07.2019
- Followed all company policies and procedures to deliver quality work in topics such as Investment Suitability, Mandate offerings and Credit.
- Enhanced customer satisfaction with timely and accurate issue resolution.
- Developed standard operating procedures to enhance staff proficiency and productivity.
- Organized and prioritized work to complete assignments in a timely, efficient manner.
- Advised front office on regulatory requirements on KYC documentations such as ID proofs and Address proofs
Education
Bachelor of Arts - Banking And Finance
University of London (External Programme)
Singapore01-2015
GCE ‘A' Levels -
Nanyang Junior Colleague
Singapore01-2008
GCE ‘O' Levels -
Nan Chiau High School
Singapore01-2006
Skills
Bilingual communication in English and Mandarin
Cantonese proficiency
Cross-functional teamwork
Responsive to new challenges
Timeline
Credit Risk Officer (Lombard)
UBS AG
07.2021 - Current
Credit Risk Control Specialist
UBS AG
07.2019 - 07.2021
Data & Doc Specialist
UBS AG
02.2016 - 07.2019
Bachelor of Arts - Banking And Finance
University of London (External Programme)
GCE ‘A' Levels -
Nanyang Junior Colleague
GCE ‘O' Levels -
Nan Chiau High School
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