Role Responsibilities
Job Summary
The Trade Risk Unit is responsible for end to end management of all risk types for the Trade product, coordinating risk management across all process universes underpinning delivery of the Trade offering to clients. Key risks addresses are financial risk (in particular Credit and Fraud) and non-financial (in particular operational risk, CFCC and reputational risk).
Responsibilities
The Trade Risk Unit is responsible for end to end management of all risk types for the Trade product, coordinating risk management across all process universes underpinning delivery of the Trade offering to clients. Key risks addresses are financial risk (in particular Credit and Fraud) and non-financial (in particular operational risk, CFCC and reputational risk).
The Director, Trade Risk Unit is responsible for:
1. Lead Trade risk management proposition in dedicated region
2. Lead Trade risk management proposition for dedicated products
3. Lead Trade risk management proposition for dedicated Principal Risk Types
4. Support implementation of robust portfolio management, and development of clear and consistently implemented risk appetite for Trade across financial and non-financial risk types.
5. Support development of strong transactional risk management within Trade product.
6. Support development of strong first line ownership of risk within the first line Trade function and strong partnership with second line risk management functions.
7. Support integrated end-to-end management of Trade risk across all functions and teams supporting the delivery of the Trade product.
8. Support regulatory liaison in respect of Trade Finance risk management
Strategy
Trade portfolio management and risk appetite
· Develop meaningful and actionable reporting on the Trade portfolio and decision / follow up processes to actively manage the book.
· Support development, implementation and monitoring of Trade risk appetite across financial and non-financial risks.
Business
Trade Transaction risk management
· Support the integration, simplification, analysis and utilisation of all data arising from Trade transaction management
· Support development of expertise and capacity in Trade transactional risk management.
· Optimise the operating model around transaction management decision-making and support achieving robust and timely actions.
Processes
First line ownership of risk and second line partnership
· Provide training workshops, lessons learned and feed into decision making in order to propagate culture of strong first line risk management.
· Engage second line closely in decision making and strategy setting, and build a strong and constructive partnership with second line teams.
People & Talent
Integrated end-to-end management of Trade risk across all functions and teams delivering of the Trade product.
· Help develop strong first line understanding, oversight and effective coordination of end-to-end processes underpinning Trade products in order to more effectively manage risk.
Risk Management
Regulatory liaison in respect of Trade risk
· Support liaison with regulators in respect of risk management aspects of the Trade product set
Governance
Leadership, People and Talent
· Responsible for directing and influencing the frontline teams responsible to develop, manage or sell trade products in:
o Driving the correct risk culture and risk identification methodology;
o Adopting a strategic mindset to advise senior business leaders on risk issues and forward looking solutions.
o Driving collaboration between RMs, TB Product and the TB Sales teams on client and portfolio risks.
o Providing advisory, constructive challenge and thought leadership perspectives on a range of risk related opportunities and challenges in country and across the markets (thought leadership)
· Responsible for ensuring a sustainable organizational focus on deepening product management excellence across the organization underpinned by investment in promoting and extending the brand of the Transaction Banking at all levels of the enterprise.
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.
· Support Trade and Working Capital 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.] *
· Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
Key stakeholders
· Global Head, Trade and direct reports
· Global Head, Transaction Banking and direct reports
· Global Head, Credit and Portfolio Management and direct reports
· Global Head TB Risk and team
· Global Head CFCC for TB and DCDA and team
· Global Head Fraud Risk Management and team
· Trade Operational Risk
· COO TB
· COO Trade
· Region Heads of Trade and Transaction Banking
· Regional Heads, CCIB Clients and Coverage RMs
· Regional Heads TB Sales and their teams
Our Ideal Candidate
· Degree level education
· Masters and/or Professional qualifications in relevant areas (e.g. ACAMs, Accountancy, CFA, MBA etc).
· Professional experience:
o 10+ years experience in banking/finance risk and/or compliance management experience: Significant experience of risk and compliance management, and/or front office origination, structuring or distribution with strong risk and compliance management component. Deep and practical understanding of management of credit, CFCC and fraud risks arising from Trade facilities and structures, across diverse markets.
o Regulatory and accounting frameworks: Strong understanding of main aspects of the regulatory framework and expectations that affect Trade finance
o Senior influence, engagement and coordination: Senior management engagement / influencing skills, and credibility. Ability to engage with the relevant first and second line functions and advocate for the Trade product perspective. Ability to coordinate and deliver build of key cross-function initiatives.
o Deep Trade Finance and Commodity Finance skill set - Deep understanding of Trade and relevant risks.
o Market knowledge and business acumen: - Ability to assess risk and return, identify opportunities for sustainable growth and areas of concern. Hands on experience of managing distressed clients / Trade structures.
Role Specific Competencies
· Understanding of trade products and processes
· Understanding of regulatory framework and CFCC risks more generally
· Credit risk management
· Fraud risk typologies
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.
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