Job Vacancy with CGCC – Senior Manager/Manager of Business Development (Bond Guarantee)

Job Overview

The Senior Manager/Manager of Bond Guarantee Business of the Credit Guarantee Corporation of Cambodia (CGCC) will report to the Head of the Strategy and Business Development Department on CGCC’s bond guarantee matters.

Job Description

  • Assist the Head of the Strategy and Business Development Department in strategic planning to develop and execute CGCC’s bond guarantees.
  • Originate and structure new guaranteed bond transactions.
  • Process new CGCC-guaranteed bond transactions, including preparing documentation, conducting due diligence by collaborating with relevant CGCC departments, and seeking approval from CGCC’s management.
  • Oversee performance and monitoring of guaranteed bond and recommend any remedial actions.
  • Support and assist the Head of SBD on any bond guarantee-related matters involving ministries, regulators, and other public institutions.
  • Develop close working relationships with securities companies, potential issuers, and bond investors to expand CGCC’s bond guarantee opportunities.
  • Develop close working relationships with CGCC’s international partners regarding bond guarantees.
  • Perform any other roles and responsibilities as assigned by management periodically.


  • A minimum of a master’s degree in economics, finance, business, or a related field.
  • At least five years of working experience in the banking or securities sectors, particularly in bond underwriting, credit operation, or risk management.
  • Strong analytical and strategic thinking skills.
  • Proven coordination, communication, interpersonal and diplomatic skills.
  • Ability to work effectively as a team with a sense of responsibility, flexibility, adaptability, and ability to learn and work under pressure.
  • Ability to prioritize tasks effectively, maintain timelines, and manage/plan workloads effectively.
  • Strong verbal and written communication skills in Khmer and English.
  • Competence in Microsoft Office Software.

CGCC 1st Town Hall Meeting 2024 on “Milestones in Q1 2024 and Strategy Plan in Q2 2024”

On 11 April 2024, CGCC organized the Quarterly Town Hall meeting, a gathering of all management and CGCC staff to update on the progress and milestones of CGCC in the 1st quarter of 2024 as well as share the strategy and action plans of all respective departments of the 2nd quarter of 2024.

This Town Hall Meeting was attended by all management and staff and was not only to share the progress report and plans from all departments but also for a dialogue platform to openly discuss and obtain recommendations from management on the direction of CGCC’s operations and vision in improving financial inclusion and developing SMEs in Cambodia. 


CGCC participating in UNDP Cambodia Investor Convening

On 08 April 2024, Mr. Wong Keet Loong, CEO of CGCC was invited to be a panelist at the “Investor Convening Event for the Growth Stage Impact Venture Program in Cambodia” to share CGCC’s initiative in enabling the financing environment for private sector development Cambodia in the panel discussion focusing on “Investment landscape in Cambodia Specifically in Climate Adaptation”.

Through this panel discussion, Mr. Wong shared the government’s support mechanism for the private sector in access to finance through CGCC credit guarantee for businesses, especially green sector businesses. He also highlighted the Sustainable Green Financing Facility of CGCC, which is a blended financing model developed with support from UNDP to increase CGCC’s guarantee capacity for the green sector.

This UNDP Cambodia Investor Convening event aims to raise public and private sector interest and awareness around climate-anchored market solutions and investments, and also serve as a platform to mobilize and channel private sector capital and blended financing towards climate change adaptation and to diversify sources of climate financing by capitalizing on existing market opportunities.

CGCC and Royal Group Securities Plc. (RGS) Signed a MoU to Strengthen Cooperation on Bond Guarantees to Support the Bond Market Development in Cambodia

On 5th April 2024, Credit Guarantee Corporation of Cambodia (CGCC) and Royal Group Securities Plc. (RGS) signed a Memorandum of Understanding to strengthen cooperation on bond guarantees to support the bond market development in Cambodia witnessed by H.E. Sou Socheat, Delegate of the Royal Government of Cambodia in charge as Director General of Securities and Exchange Regulator of Cambodia (SERC), and highly attended by H.E. Hong Sokhour, Delegate of the Royal Government of Cambodia in charge as Chief Executive Officer of Cambodia Securities Exchange (CSX).

CGCC officially became the First Cambodian Bond Guarantor on 31 January 2024 after getting approval from H.E. Deputy Prime Minister, Minister of Economy and Finance on the Policy Framework on Bond Guarantee, accredited by the SERC as the first local bond guarantor, and rated khAAA, the highest rating on a local scale, by the Rating Agency of Cambodia.

Mr. Wong Keet Loong, Chief Executive Officer of CGCC, said, “CGCC has been accredited by the SERC to be the bond guarantor for corporate bonds listed on the CSX.  This partnership with RGS will enable us to be part of the structuring of bonds between the Issuers and Investors.  The guarantee for corporate bonds enhances the credit rating of the bond issuance, which adds confidence to investors.  CGCC, as a state-owned enterprise under the Ministry of Economy and Finance (MEF), will support SERC’s aspirations to develop the capital market to enable large businesses to source for funding by issuing bonds. With the bond guarantee, we hope to attract both local and foreign institutional investors to invest in the guaranteed bonds.”

Mr. Seng Chan Thoeun, Chief Executive Officer of RGS, said, “I am pleased to announce our strategic partnership with CGCC, aimed at enhancing debt capital raising through bond guarantee in Cambodian capital market by the state-owned corporate bond guarantor. This collaboration represents a significant milestone in our commitment to foster growth and trust within the financial sector. By leveraging our expertise and resources as a well-established securities firm, RGS will collaborate and support CGCC in providing guarantee to our local businesses, enhanced assurance to investors, thereby increasing confidence in bond offerings. Our joint effort will also enable us to offer more favorable terms and conditions to issuers, facilitating access to capital and promoting greater participation in the market. Ultimately, we believe this partnership will play a pivotal role in stimulating economic growth and development by providing a robust environment for capital formation and investment.”

The partnership between CGCC and RGS will play a significant role in supporting Cambodia’s sustainable economic development by collaborating in knowledge and resource sharing between the two institutions to develop bond guarantees that will support bond issuers in raising funds in capital markets, attract investors to invest in corporate bonds, and increase the bond market’s liquidity.

About CGCC

CGCC is the only credit guarantee corporation in Cambodia, established by the decision of Samdech Akka Moha Sena Padei Techo Hun Sen, as a state-owned enterprise under the technical and financial guidance of the Ministry of Economy and Finance. The primary mission of CGCC is to provide credit guarantees to improve financial inclusion and support the growth of SMEs in Cambodia.

About RGS

Royal Group Securities Plc. (RGS) is a full-licensed securities firm under the supervision of Securities and Exchange Regulator of Cambodia. RGS offers a wide range of professional financial services including capital raising, M&A, capital restructuring, stock trading, international stock investment, equity valuation, co-investment and financing, and more. RGS is the sole financial advisor and underwriter of all bonds issued in 2023 and subsequently listed on Cambodia Securities Exchange. In the second half of 2023, the company raised over USD 100 million for local businesses through IPO, bonds, and loan.



CGCC Attended the Regional Workshop on Strengthening Regional Partnerships for Climate Transition.

On the 26th & 27th March 2024 in Bangkok, Thailand, CGCC Delegation, led by Mr. Wong Keet Loong, CEO of CGCC attended the Regional Workshop on Strengthening Regional Partnerships for Climate Transition.

Mr. Wong Keet Loong was also invited to share on CGCC’s Sustainable Green Financing Facility, a blended financing model developed together with support from UNDP to increase our guarantee capacity for the Green sector.

CGCC​ Participated in the Seminar on Promoting Co-Financing to Support Entrepreneurs in Solar Technology in the Aquaculture Sector

On 20 March 2024, Ms. San Sokrina, Manager of Product Development at CGCC​ participated and was the guest speaker at a seminar on promoting co-financing to support entrepreneurs in solar technology in the aquaculture sector to find the need for more innovative financing solutions, advocating for investment in clean energy development through a blended approach that combines grants and loans.

Ms. San Sokrina stated that blended financing, a combined available fund from different sources could play a pivotal role in advancing financing inclusion and fostering the growth of small and medium enterprises (SMEs) in Cambodia.

CGCC Provides $174 million Credit Guarantees to 2,070 Businesses as of February

The Credit Guarantee Corporation of Cambodia (CGCC) has provided credit guarantees of $174 million as of February this year to 2,070 businesses as their working capital for expansion.

In a factsheet issued on Monday, CGCC said as of February 29, 2024, the outstanding guaranteed loan was $120 million while the outstanding guaranteed amount was $86.9 million.

There are 1,918 micro, small and medium enterprises (MSMEs) and 152 large businesses in Cambodia, the report said, adding that 881 of businesses were women-owned.

The CGCC scheme involves 27 participating financial institutions (PFIs) to extend credit as working capital investment and business expansion to SMEs.

Established in November 2020 with a state budget of $200 million, the CGCC is the preferred credit guarantee institution in Cambodia set up to improve financial inclusion and develop the growth of SMEs.

Smooth loan distribution has boosted entrepreneurship and financial inclusion, said Mey Vann, Secretary of State at the Ministry of Economy and Finance.

“The CGCC has played a key role in serving the needs of SMEs in Cambodia, which are struggling in the wake of the Covid-19 pandemic and the inflation crisis, and need credits from banks for their businesses,” he said.AKP

Credit to: Khmer Times, Published on 19 March 2024

Job Vacancy with CGCC – Executive of IT Security Assurance

IT Security Assurance

Key responsibilities

Security Policy and Strategy:

  • Review and enhance the company’s IT security policy, standards, and processes to align with international security frameworks, best practices, and evolving regulations.
  • Collaborate in the implementation of robust security standards and policies across the company.

Security Assessments and Testing:

  • Conduct vulnerability assessments, penetration testing (including web application and network penetration testing), and security audits to identify and mitigate potential security risks.
  • Evaluate existing security controls and identify areas of non-compliance or vulnerability, recommending and implementing corrective actions.
  • Stay informed of the latest cyber threats and vulnerabilities, proactively adapting security measures.

Security Operations and Incident Response:

  • Provide independent oversight on security operations, including patch management, vulnerability management, and configuration management.
  • Manage and monitor security logs, analyze security incidents, and implement appropriate response procedures.
  • Collaborate with internal teams to investigate and remediate security incidents, ensuring timely containment and recovery.

Compliance and Training:

  • Assist in ensuring regulatory compliance and adherence to information security-related laws, rules, and regulations.
  • Prepare for and participate in internal and external audits, ensuring adherence to information security regulations and compliance requirements.
  • Develop and deliver security awareness training programs for employees to educate them on cybersecurity best practices and potential threats.

Communication and Collaboration:

  • Communicate effectively with internal and external stakeholders, including senior management, to provide clear and concise security reports and recommendations.
  • Foster collaboration across departments to promote a culture of security awareness and shared responsibility.
  • Other security, infrastructure and application administration tasks as assigned by the line manager.


Qualification Requirements


  • Bachelor’s degree in information technology, Computer Science, Cybersecurity, or a related field.
  • Minimum of 1 years of experience in information security, with a proven track record of success in conducting security assessments and implementing security controls.
  • Experience with penetration testing methodologies, including web application and network penetration testing (certifications preferred).
  • Certifications in penetration testing (e.g., OSCP, CEH) and relevant security frameworks (e.g., CISSP, CISA, ISO 27001) are highly desirable.
  • In-depth understanding of information security best practices, threats, vulnerabilities, and risk management principles.
  • Strong analytical and problem-solving skills.
  • Excellent communication and interpersonal skills, with the ability to present complex technical information to both technical and non-technical audiences.

Interested candidates are invited to submit their CV and cover letter to [email protected] (Deadline: April 1, 2024). We regret that only short-listed candidates will be contacted.


CGCC Celebrating International Women’s Day

On 06 March 2024, CGCC management and staff celebrated International Women’s Day to appreciate all CGCC female staff who have played vital roles in advancing CGCC’s development in various operational areas.

To express this appreciation, CGCC’s management presented souvenirs and organized a lunch gathering with all CGCC’s staff.

Out of 51 staff, CGCC has 21 women (41%) who work in different departments and positions.

Understanding CGCC’s Bond Guarantee

In April 2022, the Ministry of Economy and Finance provided a policy direction to CGCC to diversify our guarantee service to bond guarantees. CGCC was then accredited by the Securities and Exchange Regulator of Cambodia (SERC) in August 2023 as a local bond guarantor and completed its rating procedure, and was rated “khAAA” with a Stable Outlook, the highest rating on a local scale by the Rating Agency of Cambodia. With all these set, CGCC will embark on a new journey to provide guarantees on bond issuance to support Cambodia’s capital market and the small and medium enterprises (SMEs) looking to enter the bond market for their sources of funding.

What is a bond?

A bond is a debt instrument, one of the alternatives to a bank loan. The bond issuer is a borrower, and the bond investor is a lender. Bond investors buy bonds from the issuer, who promises to pay interest (coupons) and bond principal during the bond maturity. Compared to a bank loan, a bond gives more flexibility in terms of structure, size, maturity, and interest payment. While just about any SME and individual can raise funds with bank loans as long as they can prove their repayment capacity, raising funds with bonds requires the issuer to be a more well-established and matured SME that can demonstrate good governance and business operation, reliable financial records, concrete future business plan and so on. In short, compared to bank loans, the requirements to issue bonds are stricter and more extensive. The table below gives a brief general comparison between a bank loan and a bond.

Indeed, issuing bonds is a common way for Governments and businesses to raise capital in many developed countries to finance their projects. It is not yet so much so in Cambodia. The bond market in Cambodia is still in the developing stage, facing challenges such as low liquidity, high-interest rates, and a low investor base. However, we have seen positive breakthroughs in recent years, especially in the issuance of government bonds, guaranteed bonds, and sustainable bonds. Currently, there are 9 listed corporate bond on the Cambodia Securities Exchange (CSX) raising funds between 1.5 to 30 million USD equivalent per issuance.

Read more: Understanding CGCC’s Bond Guarantee