Job Summary
The role holder will be responsible for:
- Second line of defence responsibilities related to Credit Risk, which involves oversight and challenge of risk management actions from the First Line, including the following:
- The Group’s Enterprise Risk Management Framework (“ERMF”) with regards to Credit Risk, which sets out the Group’s approach to risk management and the control framework within which risks are managed and risk-return trade-offs are made. Ensure that the relevant first and second line owners understand and accept their risk management responsibilities.
- Ensure a robust effectiveness review process for the ERMF with regards to Credit Risk, and escalate significant matters and/or gaps in ERMF implementations to senior management and the relevant Board level committees as relevant.
- The Group’s Risk Appetite Framework, with regards to Credit Risk, which sets out the Group’s appetite to material risk types that it is exposed to. As SCM Specialised Finance, monitor compliance to Board approved risk appetite using the risk information report covering principal risk-types Credit Risk; and highlight significant matters to the attention of senior management and senior risk committees.
- Ensure that the quality of the credit portfolio is maintained within acceptable parameters as defined by the Group and Country Risk Appetite statements and relevant Portfolio Underwriting Standards, and that the reporting of information relating to that portfolio is timely and accurate.
- Building a culture of good conduct in the Risk function, embedding the Risk Culture statement carrying out Process Universe related responsibilities as defined in the ERMF.
- Final credit decisions for wholesale lending facilities, within delegated credit authorities, ensuring completeness and accuracy of the business credit application and capturing of critical information required for credit risk measurement and credit analysis.
- Identify and escalate other risk matters, as appropriate.
Role holder’s responsibilities do not extend to the following which are the responsibility of the relevant Business CEOs and Leaders:
- Completeness and accuracy of the business credit application and capture of critical information required for credit risk measurement and credit analysis.
Key Responsibilities
Strategy
- Awareness and understanding of the Group’s business strategy and model appropriate to the role.
- Assist in the development of business’ plans with the provision of cost and impairment forecasts and a balanced judgement on the external environment.
Business
- Awareness and understanding of the wider business, economic and market environment in which the Group operates.
- Extensive knowledge and professional experience in Specialised Finance.
- Maintain and develop the Function’s risk capabilities, and skills to meet ongoing business needs and plans.
Processes
- Ensure effective management of the operational risks within the Function and compliance with applicable internal policies, and external laws and regulations.
- Continuously improve the operational efficiency and effectiveness of the Function’s risk management processes.
- Discharge Process Universe related responsibilities as defined in the ERMF: reviewing, challenging, and providing oversight of the risk profile of the Risk process universe.
Risk Management
- Act as the Credit Risk control owner under the Group’s Risk Management Framework (including relevant Operational Risk Framework ownership for credit risk) and ensure a full understanding of the risk and control environment in area of responsibility.
- Design, maintain and effectively communicate risk control parameters across the Business, including policies, control standards, risk exposure limits and other control levers in order to maintain the risk profile in line with the Group’s risk appetite.
- Obtain assurance regarding the effectiveness of the business controls and compliance with applicable laws & regulations.
- Approve breaches of Local Portfolio Standards, to the extent permitted by WB Credit Policy.
- Monitor compliance with credit policy and Portfolio Standards on monthly basis at least and reviewing any divergence thereof with the CEO, Client Coverage (CC) Head/Segment Heads to ensure credit quality targets are achieved.
- Ensure first line process owners understand and accept their risk management responsibilities.
- Ensure EAR process is adhered to and lead monthly EAR discussion. Assisting relationship managers in identification and managing up or out of accounts exhibiting signs of deterioration and assist Group Special Assets Management, where appropriate, in managing accounts to maximize recoveries and minimize losses.
- Initiate stress tests as required by internal and external factors and review results and assess their implications.
- Ensure that effective management response plans are in place to respond to extreme but plausible scenarios.
- Uphold the integrity of risk/return decisions, by challenging business to demonstrate that risk origination and control decisions are properly informed and consistent with strategy and risk appetite.
- Direct appropriate response to material events or other risk issues that come to the Senior Credit Manager, Specialised Finance’s attention.
- Ensure risk capabilities are objective, consistent and compliant with applicable regulations.
- Maintain a good understanding of the requirements of key external stakeholders in respect of risk management and ensure these are well understood internally and reflected in internal procedures.
- Ensure appropriate judgement is applied in the discharge of risk authorities assigned to the jobholder, taking account of concentration risk across sectors, geographies and markets.
- Maintain delegated authorities in line with internal policies and ensure that delegations are in line with individual capabilities.
- Maintain an open and cooperative relationship in dealings with regulators.
- Align the strategy of the Risk function with business strategy and risk appetite and oversee its execution.
- Co-ordinate local resources to ensure that:
- Quality of credit review is consistent.
- standards of professionalism are upheld.
- systems are installed in accordance with Group standard. Provide a reference point for collating and passing on to Group Technology and Operations problems and proposed enhancements. Ensure that new users are trained on all credit systems.
- Ensure that the quality of Business Credit Applications (BCAs) meets Group standards, particularly with regards to the completeness and depth of risk analysis.
- Undertake regular customer visits to better understand the business environment.
- Increase working profits through effective management of the loan asset portfolio in order to help develop the franchise in a sustainable way and minimize provisions.
- Ensure that material risk exposure and related issues are reported to the responsible governance committees and to Group and business-level committees as appropriate.
Governance
- Actively participate in key committees through standing membership / invites.
- Formulate and obtain approval of Portfolio / Underwriting Standards which are supportive (from credit risk perspective) of the business strategy of various segments.
- Ensure effective implementation of Group Policies / Circulars / Procedures.
- Ensure timely submission and accuracy of Specialised Finance credit portfolio data to the Risk Committee. These include, but may not be limited to, the following:
- Risk MI reports.
- Specialised Finance exposures (as required by local regulator Reporting).
- Details of approved breaches of Group and Local Credit Policy (including details of mitigating circumstances).
Regulatory & Business Conduct
- Display exemplary conduct and live by the Group’s Values and Code of Conduct.
- Take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct, across Standard Chartered Bank. This includes understanding and ensuring compliance with, in letter and spirit, all applicable laws, regulations, guidelines and the Group Code of Conduct.
- Demonstrate comprehensive knowledge of applicable PRA and local regulatory requirements.
- Ensure compliance with PRA and any other applicable regulation for deals booked in the region.
- Risk capabilities are objective, consistent and compliant with applicable regulations
- Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
Key stakeholders
Internal
- Members of GCRO and GCRO CCIB Risk Management teams
- Regional & Country Business, Product, Client Coverage Heads
- Relationship Managers, Credit Analysts and Regional & Country Business, Product, Client Coverage teams
- Country(ies) CCRO
- Group Heads of Control functions
- Group and country Internal Audit
- Group Operational Risk
- Regional & Country CEOs
- Treasury (Country) and various Sales teams
- SAG and SAR teams (Country and Regional)
- Head, Legal Affairs and Compliance (Country)
- Other Senior / Regional Credit Officer (Region)
External
- Prudential Regulation Authority (PRA)
- Key regulators in relevant locations
- Group and country’s external auditors
- Local governance bodies
Other Responsibilities
- Embed Here for good and Group’s brand and values in Specialized Finance Risk
- Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.
Skills and Experience
- CCIB Credit Risk
- Business Partnering
Qualifications
- Market Knowledge: Substantial experience at the highest level in the banking industry, including demonstrated success in similar role within the same product / business area.
- Business Strategy and Model: Sharp business acumen (including ability to assess risk and appropriate levels of return), strong leadership qualities, excellent interpersonal skills and multi-cultural awareness and sensitivity.
- Risk Management and Control: Demonstrated track record in successful management and ability to manage risk in geographically dispersed and highly varied product base. Expertise in process design and control.
- Regulatory Framework and Requirements: Awareness and understanding of regulatory framework in which the bank operates, and the regulatory requirements and expectations relevant to the role.
- Non-technical Skills: Significant relationship management experience – with external stakeholders at the most senior levels, including regulators and rating agencies.
What we offer
In line with our Fair Pay Charter, we offer a competitive salary and benefits to support your mental, physical, financial and social wellbeing.
- Core bank funding for retirement savings, medical and life insurance, with flexible and voluntary benefits available in some locations.
- Time-off including annual leave, parental/maternity (20 weeks), sabbatical (12 months maximum) and volunteering leave (3 days), along with minimum global standards for annual and public holiday, which is combined to 30 days minimum.
- Flexible working options based around home and office locations, with flexible working patterns.
- Proactive wellbeing support through Unmind, a market-leading digital wellbeing platform, development courses for resilience and other human skills, global Employee Assistance Programme, sick leave, mental health first-aiders and all sorts of self-help toolkits
- A continuous learning culture to support your growth, with opportunities to reskill and upskill and access to physical, virtual and digital learning.
- Being part of an inclusive and values driven organisation, one that embraces and celebrates our unique diversity, across our teams, business functions and geographies - everyone feels respected and can realise their full potential.
