Job Summary
To help SCO Singapore in achieving followings:
- Ensuring that the quality of Business Credit Applications (BCAs) meets Group standards, particularly with
- regards to the completeness and depth of risk analysis.
- Approving breaches of Portfolio Standards, to the extent permitted by Credit Policy.
- Formulating and obtaining approval of Portfolio Standards which is supportive (from credit risk perspective)
- of the business strategy of various segments.
- Ensuring timely submission and accuracy of Singapore credit portfolio data to the Risk Committee. These
- include, but may not be limited to, the following:
- Risk MI reports
- All approved exposures in CIB (as required by local regulator Reporting)
- Details of approved breaches of Group and Local Credit Policy (including details of mitigating circumstances)
- Country Risk exposure
- Monitoring compliance with credit policy and Portfolio Standards a 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 EAR process adhered to and lead monthly EAR discussions. Assisting relationship managers in
- Assets Management, where appropriate, in managing accounts to maximise recoveries and minimise losses.
- Ensure compliance to the Operational Risk Framework including the effective application of risk toolkit (self- assessment), KRIs, KCSs, etc) and reporting.
- Initiate stress tests as required by internal and external factors and review results and assess their implications.
- Uphold the integrity of risk/return decisions, by challenging business to demonstrate the risk origination and
- control decisions are properly informed and consistent with strategy.
- Direct appropriate response to material events or other risk issues that come to the SCO’s attention.
- Ensure that material risk exposures and related issues are reported to the responsible governance
- committees and to Group and business-level committees as appropriate.
- Ensure appropriate judgement is applied in the discharge of risk authorities assigned to the jobholder.
- 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.
- Maintain delegated authorities in line with internal policies and ensure that delegations are in line with
- individual capabilities.
- Actively participate in key committees through standing membership.
- Ensure first line process owners understand and accept their risk management responsibilities
- Maintain an open and cooperative in dealings with regulators (if applicable)
- Co-ordinating local resources to ensure that credit systems are installed in accordance with Group
- Standards. 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.
- Increasing working profits through effective management of the loan assets portfolio in order to help develop
- the franchise in a sustainable way and minimise provisions.
- Maintaining credit quality and standards of professionalism for the risk functions.
- Ensure effective implementation of Group Policies/ Circulars/Procedures.
- Undertake regular customer visits to better understand the business environment.
Skills and Experience
Governance
• Maintain a good understanding of the requirements of key external stakeholders relevant to role, and ensure these
are well understood internally and reflected in internal procedures.
• Maintain an open and cooperative relationship in dealings with regulators.
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.
• Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
• Participate in Risk Team to achieve the outcomes set out in the Bank’s Conduct Principles: Fair Outcomes for Clients; Effective Financial Markets; Financial Crime Compliance; The Right Environment.
Key stakeholders
Internal:
• CIB
• Related support functions (Legal, Compliance, IMO, Group Internal Audit)
External:
• Regulators and Central Banks in the Singapore
• External auditors
Our Ideal Candidate
• Experience: Accounting or finance degree with 10+ years of relevant experience in corporate credit experience
• Market knowledge: substantial experience at the highest level in the banking industry, including demonstrated success in a similar role.
• 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.
• 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 requirement: awareness and understanding of the regulatory framework in which the firm operates and the regulatory requirements and expectations relevant to the role of SCM SINGAPORE.
• Non technical skills: significant relationship management experience- with external stakeholder at the most senior levels, including regulators and rating agencies.
Banking training: Role specific training which are mandatory and developmental
• Risk management framework
• Core credit curriculum
Role Specific Technical Competencies
• Risk – CIB Risk
• Risk – SAR / SAG
• Risk Management - Credit Risk Management Experience
• Risk Management - Operational
About Standard Chartered
We're an international bank, nimble enough to act, big enough for impact. For more than 170 years, we've worked to make a positive difference for our clients, communities, and each other. We question the status quo, love a challenge and enjoy finding new opportunities to grow and do better than before. If you're looking for a career with purpose and you want to work for a bank making a difference, we want to hear from you. You can count on us to celebrate your unique talents and we can't wait to see the talents you can bring us.
Our purpose, to drive commerce and prosperity through our unique diversity, together with our brand promise, to be here for good are achieved by how we each live our valued behaviours. When you work with us, you'll see how we value difference and advocate inclusion.
Together we:
- Do the right thing and are assertive, challenge one another, and live with integrity, while putting the client at the heart of what we do
- Never settle, continuously striving to improve and innovate, keeping things simple and learning from doing well, and not so well
- Are better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term
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.
Recruitment Assessments
Some of our roles use assessments to help us understand how suitable you are for the role you've applied to. If you are invited to take an assessment, this is great news. It means your application has progressed to an important stage of our recruitment process.
Visit our careers website www.sc.com/careers
