Patrick Choo

My current job description includes the following:

• To lead, oversee, supervise and inculcate good practice of credit and asset quality management within the IWS/WPB HSBC Malaysia.
• To structure and develop credit products and services to cater for the both the financial and investment needs of IWS/WPB HSBC Malaysia clients.
• Identify and analyze the trends and concentrations that could affect the risk and performance of the subsisting credit portfolios holding in IWS/WPB HSBC Malaysia.
• To ensure that the Wealth Lending products of IWS/WPB HSBC Malaysia is continuously in compliance with all the applicable internal credit policies, procedures as well as laws and regulation that are governed under the purview of Bank Negara Malaysia ("BNM") and HSBC Group.
• Developing and/or updating standards and procedures to ensure adherence to established policies by BNM.
• Participating in credit product program review and approval process.
• Dedicated product manager for all credit products within the IWS/WPB HSBC Malaysia universe.

Achievement:

• Responsible for the successful launched of long awaited Wealth Lending product platform in IWS/WPB HSBC Bank Malaysia and HSBC Amanah. The first International Bank to launched an Islamic Wealth Financing product in Malaysia.
• Responsible in driving of the Wealth Lending Day 2 Project for IWS/WPB HSBC Bank Malaysia and HSBC Amanah.
• Responsible in driving of the BASEL 3.1Project for IWS/WPB HSBC Bank Malaysia and HSBC Amanah covering the Wealth Lending segment.

• To oversee, supervise and inculcate good practice of credit and asset quality management within UOBM Private Bank Division.
• To structure and develop credit products and services to cater for the both the financial and investment needs of Private Banking clients.
• To initiate the credit origination process by performing credit assessment / review and providing recommendation on credit submission by clients of UOBM Private Banking ("UOBM PB") for investment purposes in UOBM PB.
• Identify and analyze the trends and concentrations that could affect the risk and performance of the subsisting credit portfolios holding in UOBM PB.
• To ensure that the credit origination and advisory process of UOBM PB is continuously in compliance with all the applicable credit policies, procedures as well as laws and regulation that are governed under the purview of Bank Negara Malaysia ("BNM") and UOBM Group.
• Developing and/or updating standards and procedures to ensure adherence to established policies by BNM.
• Participating in credit product program review and approval process.
• Dedicated product manager for all credit products within the Private Bank universe i.e. Standby Letter Credit ("SBLC") - Retail Banking segment; Revolving Short Term Loan ("RSTL") - Retail Banking segment.

• Performing credit assessments and recommendations on new credits for bond & sukuk market as well as the existing credits in the internal bond universe i.e. Credit assessment on Corporate Issuer.
• The assessment includes the complete analysis of credit structure, financial performances, cash flows projections, corporate and management structure, market and economic reviews and market capitalization of the issuer as well as the internal and external exposures risk on the issuer's current business model.
• To obtain update from time to time from the appointed trustee of the respective debts issuance on operational performance of the issuer in order to ensure conformance to both financial and non-financial covenants as stipulated in the info memo.
• To perform site visit and review the day to day physical operation as well as on the actual adoption of their business model by new potential issuer/existing Issuers.
• To provide market outlook, market and performance review briefing to existing / potential investors, institutional clientele and agency force of the investment bank.
• To attend analyst and fund manager briefing organized by the various Issuer and Corporates through the respective lead arranger/book runner/financial institution.
• To provide ad-hoc profiling of new corporates / potential new issuance.
• To assist in execution of trade and trade proposal to existing private mandate based institutional clients.
• To attend to corporate restructuring and bondholder’s meeting on problematic debts issuance.
• To draw down on investment recommendation of potential new investment based on the final credit assessment i.e. BUY or HOLD.
• Sectorial coverage on Government Agencies, Banking & Financial Institution, Plantation, Telecommunication, Energy, Transportation, Conglomerate, Consumer and Media.
• To assist in the management of institutional based Private Advisory Mandate with an Asset Under Management in total of MYR1.9 billion.
• Generating portfolio performance data and conducting performance attribution analysis for fixed income portfolio through existing Performance Attribution Systems i.e. Bloomberg-PORT, UBS Delta and PORTIA System.
• To provide monthly data maintenance on the Performance Attribution System i.e. Bloomberg-AIM and PORT.
• Dedicated Credit Manager for Fixed Income discretionary and advisory portfolio mandate for clientele - Chubb Insurance Malaysia Berhad, University of Malaya, Telekom Malaysia Berhad.

• To maintain full supervision of the company’s regional (Asia-Pacific Region) credit risk assessment process and risk management function.
• To perform credit assessment which comprises mainly of compilation of credit reports and assessment of credit risk of the current portfolio of clientele with credit limit of US$1 million and above based on the currency of the respective country involved.
• To review the overall regional credit reports compiled by fellow analysts (country and regional) on a monthly basis prior to submission of the said reports for global top management for access and review.
• To perform credit reporting function which involves the assessment of current financial reports of existing clientele, the analysis on the current market trend, the country’s current economy and the world’s economy as a whole, impact from the existing competitors, equities and derivatives analysis on the customer's market capitalization and debts structure as well as the latest repayment trend of the clients based on our internal generated data through established database.
• To draw down on credit recommendation based on justified ground as stipulated in the compiled credit report and credit score card of the existing portfolio of clientele as well as to perform periodic site visit to local clientele operation premises with my immediate superior the Credit Director of Asia Pacific Region.
• To be vigilant of the client’s current financial and overall business operation performance in the market and to be attentive on any adverse news that may affect the client’s creditability with our company.
• To attend to ad-hoc credit reinstatement and credit upgrade request on impending specific deals involving large multinational conglomerates (Fortune 200 and 500 Companies in nature) which forms part and parcel of our existing portfolio of clientele.
• To carryout risk mapping analytic function, solution analysis as well as implementation.

• To take charge of a portfolio of Management Reports as well as to perform relevant submission and lodgement of documents with the Securities Commission of Malaysia (SC) for the series of Trust and Wholesale Funds managed under the investment stable of the Firm.
• To liaise with the Securities Commission (SC) on the updates required on newly launched Funds and others investment related products.
• To ensure that all the current and relevant changes in relation to the legislation on the securities industry are being updated for the company's future reference.
• To liaise with Senior Management and Board of Directors of the Company with regards to compilation of board papers and Board Meeting presentations.
• To analyze on new investment products in the industry and to be observant of any new emerging trend on investment related products by fellow competitors within the investment backdrop that will formed part and parcel of our impending benchmarking components of similar future products to be launched by the Firm.
• To attend to minutes writing, vetting of investment related legal documentations which includes tax and audit engagement letters in relation to the portfolio of Funds managed by the Firm.

• To take charge of the management and supervision on an array of Company’s Tax Portfolio as assign by the Firm.
• The assigned portfolio consists of companies with different nature of businesses.
• As the appointed / official Tax Consultant to the portfolio of companies, we are required to extract and compile the necessary track records / financial information and relevant data from the respective company for our onwards compilation and finalization of the company’s Annual Tax Return (Form C & R) along with the assessment on tax deductibility on the list of expenses claimed by the companies under the current year of assessment for submission to the Inland Revenue Board of Malaysia ("IRB").
• To liaise with the finance personnel in-charge of the relevant companies in determination of the company’s estimation on tax return as well as on the required revision for the aforesaid tax estimated figure on form CP 204 for the current year of assessment.
• To advise and to inform our valued clients on the relevant changes and updates to be implemented by Federal Government and Tax Officials based on the latest Budgetary Announcement/ Budget Commentary Guide, which usually comprises changes in the tax rates, reliefs/allowances/incentives and newly imposed tax restrictions.
• Our scope of duties also requires us to assist and advise our clients in the preparation and compilation of the necessary documents as required by the IRB for Tax Audit purposes.
• We also serve as the official representative of our valued client when it comes to the verification and confirmation process on the availability of Tax Rebate as well as updates on the Tax Position of our clients with the IRB.
• As part the continuous effort by the Firm to ensure that every members and personnel of the Firm are equipped with the most up-to-date skills and expertise in the area of tax advisory and compliance, we are required to enhance our skills and knowledge with regards to the latest changes in the local as well as international tax industry by participating in a set of courses for the continuous development in the field of taxation organized by the Firm's In House Taxation Specialist.
• We are also required to be attentive and vigilant on the latest tax updates in actual case law as well as on judgement passed on concluded tax dispute that will have major impact on existing industry’s practice.

• To take charge of the management and supervision on an array of Company’s Tax Portfolio as assign by the Firm.
• The assigned portfolio consists of company with different nature of businesses.
• As the appointed / official Tax Consultant to the portfolio of companies, we are required to extract and compile the necessary track records / information and relevant data from the company for our onwards compilation and finalization of the company’s Annual Tax Return (Form C & R) along with the assessment on tax deductibility on the list of expenses claimed by the company under the current year of assessment for submission to the Inland Revenue Board of Malaysia (IRB).
• To liaise with the finance personnel in charge of the relevant company in determination of the company’s estimation of tax return and as well as the required revision for the aforesaid estimated figure on form CP 204 for the current year of assessment.
• To advise and inform our valued clients on the relevant changes and updates as implemented by our government and tax officials in the latest Budget Announcement/Commentary Guide which usually includes changes in the tax rates, relieves/allowances/incentives and tax restrictions.
• Our scope of duties also requires us to assist and advise our clients in the preparation and compilation of the necessary documents as required by the IRB for Tax Audit purposes.
• We also serve as the official representative of our valued client when it comes to verification and confirmation process on the availability of Tax Rebate as well as updates on the Tax Position of our clients with the Inland Revenue Board.

• To take charge and analyze on a series of customer database through details analysis conducted on the spending pattern of our bank's valued customer with the assistance of a state of the art MIS system adopted by the bank to ensure that the losses conceived by the bank as a result of fraud cases detected are being kept at a minimal level.
• This involves analysis to be done on the profile, trend and daily expenditure patterns of our valued customer as well as on comparison done with regards to the latest trend of fraud cases conceived by fellow financial institutions in the industry.
• Apart from analysis, daily reporting also becomes part of my job routine which includes the reporting done on the number of cases closed daily, number of fraud cases detected / reported and the most important of all, the amount of losses conceived by the bank by the end of the day.
• On top of that, my job description also requires me to liaise directly with the valued customer of our bank which fulfilled part of our obligation as front liner of the bank when confirming on the genuineness of the transaction triggered by the system adopted by the Bank.
• We are also required to advise our valued customer on the necessary precaution to take and trend currently experienced by financial institutions on both domestic and international platform when dealing with fraud transaction.
• Additional task assigned include detailed credit assessment done on customer’s credit profile for potential new customers/customers with existing loan facilities with our banking group that intend to upgrade on the existing credit line granted.