JOB SUMMARY
RESPONSIBILITIES
· Review and update credit policies, Standards, Guidelines and FAQs as driven by market conditions, business strategy, regulatory requirements and for risk management.
· Managing and implementing Credit Policies and Standards for further simplification, rationalization and digitization.
· Interpret and implement various regulatory changes impacting Credit risk, including but not limited to, Credit risk mitigation, Large exposure, Basel IV, other Capital requirement regulations etc.
· Engage and manage stakeholders in policy drafting, feedback, communication (quarterly updates, briefing calls) and providing response/solutions to queries.
· Driving the effort in credit process re-engineering to improve operational efficiency.
· Analysing the impact on business or risk aspects of any material changes to Credit Policies and Standards.
· Work closely with various team to solve business / risk problem and finding new ways of gathering, analyzing data to identify improvements in credit policies and processes
· Coordinating the project working groups including managing multi-function stakeholders and contribute to the working group deliberations and actions including policy drafting, feedback, communication and providing response/solutions to issues.
· Leading and contributing to projects and initiatives in terms of data, analysis and feedback e.g. Basel IV, EBA Guidelines, Large Exposure Group Committee, Regulatory Interpretation Forum, Fraud Risk, Credit Modelling.
· Supporting the effective implementation of process improvement and system enhancement projects. Driving Creditmate BAU and Project implementation for Credit Risk.
· Coordinating and providing input and support to other stakeholders such as RM/TRM/Compliance/Legal/ Modelling/ on implementation of their policies/initiatives.
· Manage all activities assigned that is related to the implementation of the Credit Risk Type Framework and the Credit Process Universe
· Implementing governance process framework for Credit Policies, Standards and processes as required according to any gaps arising from Regulatory, Risk or Business requirements.
Business
· Align policy and process of the Risk function with business strategy and risk appetite for the Credit and oversee its execution.
· Communicate, train and implement the strategic intent and collective policies for the Risk function.
· Maintain and develop the risk capabilities and processes, and skills to meet ongoing business needs and plans
Processes
· Support Credit RFO / Credit PU owner in supervising the Credit Processes.
· Ensure compliance with applicable internal policies, and external laws and regulations, related to Credit Risk.
· Continuously improve the operational efficiency and effectiveness of the risk management processes.
People & Talent
· Lead through example and demonstrate the appropriate culture and values within the function and across the wider organisation.
Risk Management
· Ensure alignment of all applicable Credit Risk policies across the various Countries.
· Ensure communication and cascading of relevant aspects of Credit Policies to the Frontline and Credit Officers.
· 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.
· Obtain assurance regarding the effectiveness of the policy controls and compliance with applicable laws & regulations.
· Maintain an open and cooperative relationship in dealings with internal and external stakeholders
Governance
· Responsible for ensuring effective Risk Governance
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 the Credit policy team to achieve the outcomes set out in the Bank’s Conduct Principles
· Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
Key Stakeholders
· Credit Approvers
· Relationship Managers / COO Office
· Enterprise Risk Management
· SAG/ SAR
· CCRO / Country Credit Governance teams
· CIC Modelling
· Credit Risk Control (Middle Office)
· Credit Risk Infrastructure
· Traded Risk Management
· Operational Risk
· Group Internal Audit
· Legal
· Compliance
· Product Partners (e.g. TB/FM)
· Group Finance
Other Responsibilities
· Embed Here for good and Group’s brand and values in CCIB Risk team; Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures
Our Ideal Candidate
· 9+ years of experience in Credit Risk and/or large exposure or similar regulatory rules
· Knowledge of Policies: Understanding of the Credit Policies, Standards, Credit Risk Type Framework and various Credit Application Systems
· Regulatory framework and requirement: awareness and understanding of the regulations impacting credit risk. Ability to interpret regulations, identify gaps and implement changes.
· Credit Risk experience: Prior experience in Credit Risk, Credit Approval or Credit Analysis experience would be a very strong contributing factor, excellent interpersonal skills and multi-cultural awakened and sensitivity.
· Risk management and control: Ability to manage risk in geographically dispersed and highly varied product base. Experience in process design and control.
· Ad Hoc Projects: Ability to lead various projects / initiatives
· Non technical skills: Experience to manage multiple stakeholders, take ownership, dynamic, adhere to deadlines.
· Banking training: Not mandatory but good to have Internal Credit certification for example, Core credit curriculum etc
Role Specific Technical Competencies
· Credit Risk Management
· Understanding of the Credit policies and procedures
· Stakeholder Management
· Strong analytical, communication and interpersonal skills.
· Regulations impacting Credit Risk
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
