JOB SUMMARY
· This role is expected to provide extensive and thorough 2LOD oversight of the risk governance process, in compliance to local regulations and internal risk management framework/policy/standards.
· The role carries an extended responsibility in overseeing the appropriateness and adherence to Group polices and local regulations in Risk Appetite setting for the bank.
· The role is responsible to ensure that the Bank adhered to Monetary Authority of Singapore (“MAS”) 656 requirements at all times.
· The role acts as a liaison to Group Investor Relation in the Credit Agencies discussion to support and improve the bank credit rating.
· The role is expected to oversee the Country Centration limit monitoring and reporting.
RESPONSIBILITIES
Strategy
Business
· Provide business advisory relating to MAS656 Large Exposure requirement.
· Ensure that risk appetite metrics and management limits are not breached at all time
· Advise on OBL limits
Processes
· Ensure the setting of Risk Appetite meets the requirement of Group requirements and local risk management guidelines.
· Ensure the transaction booked in SCBSL meets approval process of Local Approving Standard.
· Perform the daily MAS656 Large Exposure monitoring
· Perform the daily country centration dashboard monitoring.
· Perform the monthly Risk Appetite reporting
Risk Management
· Monitor and report the adoption of Group Frameworks and Policies.
· Work closely and support Group Risk Appetite team in the setting of Risk Appetite Policy and Standard
· Provide oversight and adequate challenge to the risk appetite proposed by the Local Risk team.
· Provide support to Hub Risk Governance team on risk appetite related matters.
· Work closely with Group Investor Relation team and Local Credit Risk team to provide strategic data points in Credit Rating Agencies discussion.
Governance
· Coordinate with Group Risk Appetite team for the annual refresh of all the existing risk appetite.
· Coordinate with Local Risk teams for monitoring and reporting of the monthly risk appetite, risk appetite escalation and breaches (if any).
· Coordinate with Local Credit teams to provide strategic data to support the Credit Agencies discussion.
· Acts as the conduct risk champion for Local Risk teams.
· Provide Secretariat Support for Hub Executive Risk Committee (“ERC”).
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.
· Assist in MAS CRAFT meeting decks preparation and RFIs
Key Stakeholders
· External regulators
· External credit agencies
· Group Risk Appetite
· Group Country Risk
· Country Credit Risk teams
· Country CFCC
· Country Operational Risk
· Country ICS
· Country Treasury Risk
· Country Traded Risk
· Singapore Hub’s subsidiaries’ Risk Governance teams
Other Responsibilities
· Embed Here for Good and Group’s brand and values in country.
· Perform other responsibilities in accordance to relevant policies and procedures.
· Compliance to Group and country policies and procedures including local regulations
· Involve in projects and any ad-hoc requests or assignments which may be directed by reporting line manager
Our Ideal Candidate
· Bachelor’s degree or above in statistics, economics, finance or any other related academic field.
· 6+ years of experience in Risk management.
· Strong understanding of the regulatory requirement of MAS 656.
· Strong regulatory interpretation skills on technical aspects.
· Good understanding of the Credit Risk and Credit data.
· Comfortable to communicate with senior management and other key stakeholders across different risk teams in the bank.
· Ability to present complex information in a succinct manner to senior management.
· Having excellent Excel, Word and PPT skills.
· This is key contributor role which will require very good planning and coordination to deliver timely and high quality.
Role Specific Technical Competencies
· Strong understanding of MAS 656 requirement
· Good understanding of risk appetite management
· Analytical and familiar with Credit Risk and Credit data
· Advanced excel skill
About Standard Chartered
We're an international bank, nimble enough to act, big enough for impact. For more than 160 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
· Be better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term
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, parental/maternity (20 weeks), sabbatical (12 weeks 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
