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About Standard Chartered We are a leading international bank focused on helping people and companies prosper across Asia, Africa and the Middle East.
To us, good performance is about much more than turning a profit. It's about showing how you embody our valued behaviours - do the right thing, better together and never settle - as well as our brand promise, Here for good.
We're committed to promoting equality in the workplace and creating an inclusive and flexible culture - one where everyone can realise their full potential and make a positive contribution to our organisation. This in turn helps us to provide better support to our broad client base.
The Role Responsibilities
SMR Responsibilities delegation - In line with agreed cascades of GCRO SMR sub responsibilities to RMT and other delegates SMF 4 Second line of defence responsibilities
As SCO GBA China, candidate is responsible for the 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.
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. 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 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.
Governance framework Candidate is responsible for the following:
Building a culture of good conduct in the Risk function, and embedding the Risk Culture statement as described in the ERMF.
Process Universe Candidate is responsible for discharging my Process Universe related responsibilities as defined in the ERMF:
Reviewing, challenging, and providing oversight of the risk profile of the Risk process universe.
FCA 14 - FCA main business activity/function Responsibility for wholesale lending decisions Candidate is responsible for final credit decisions for corporate lending facilities. Candidate 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.
Inform the development of business plans with the provision of cost and impairment forecasts and a balanced judgment on the external environment.
Contribute to the development of performance management and remuneration processes, in order to encourage the development of an appropriate risk culture and discipline.
Communicate the strategic intent and collective agenda for the Function 2
Maintain and develop the Function's risk capabilities, and skills to meet ongoing needs and plans
Align strategy of the Risk function with business strategy and risk appetite and oversee its execution
Supervise all processes where job holder or a member of the Function is the identified first line process owner
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.
People and Talent
Identification and development of talent pool for Credit Risk function in the region.
Set and monitor job descriptions and objectives for direct reports and provide feedback and rewards in line with their performance against those responsibilities and objectives.
Lead through example and build the appropriate culture and values. Set appropriate tone and expectations from their team and work in collaboration with risk and control partners.
Ensure the provision of ongoing training and development of people, and ensure that holders of all critical functions are suitably skilled and qualified for their roles ensuring that they have effective supervision in place to mitigate any risks.
Responsibility to review team structure/capacity plans for the region.
Uphold and reinforce the independence of the Function from those whose primary responsibility is to maximize short-term revenues and profits Ensure the provision of ongoing training and development of the Function's people, and ensure that holders of all critical functions are suitably skilled and qualified for their roles
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 Local Portfolio Standards, to the extent permitted by WB Credit Policy.
Formulating and obtaining approval of Portfolio Standards which is supportive (from credit risk perspective) of the business strategy of various segments
Ensuring Risk Committee meets on a regular basis to review credit related issues in compliance with Group Policy governing such matters and actively participating on that Committee
Ensuring timely submission and accuracy of Country/Region credit portfolio data to the Risk Committee. These include, but may not be limited to, the following:
Risk MI reports
All approved exposures in Country/Region (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 is adhered to and lead monthly EAR discussions. 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 maximise recoveries and minimize losses.
Ensure compliance to the Operational Risk framework including the effective application of risk toolkit (self-assessments, 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 that 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
Exercise risk control responsibility for Credit Risk, Corporate, Institutional and Commercial
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 relationship in dealings with regulators (if applicable)
Co-ordinating local resources to ensure that credit 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.
Increasing working profits through effective management of the loan asset portfolio in order to help develop the franchise in a sustainable way and minimize provisions.
Maximizing Economic Revenue through effective management of the risk/reward relationships.
Maintaining credit quality and standards of professionalism for the risk function.
Ensure effective implementation of Group Policies / Circulars / Procedures.
Actively participate in monthly Regional Credit Issues Forum (RCIF)
Undertake regular customer visits to better understand the business environment
Responsible for assessing the effectiveness of the Group's arrangements to deliver effective governance, oversight and controls in the business and, if necessary, oversee changes in these areas.
Awareness and understanding of the regulatory framework, in which the Group operates, and the regulatory requirements and expectations relevant to the role.
Responsible for delivering "effective governance"; capability to challenge fellow executives effectively; and willingness to work with any local regulators in an open and cooperative manner.
Ensure business and product heads understand and accept their credit risk management responsibilities
Maintain an open and cooperative relationship in dealings with local and home 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.
Lead the Commodities Risk GCNA 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.]*
Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
Key Stakeholders Internal:
In country Client Coverage Head, Country Segment Heads, Senior Bankers, Credit/Marketing group
Head, Group Audit (Country)
Treasurer (Country) and various GM Head of Sales
Head GSAM (Country and Regional)
Chief Executive (Country)
Head, Legal Affairs and Compliance (Country)
Senior Credit Officer (Regions)
Regional GM (South)
Executives (including equivalent CRM Units) of other banks
Key Corporate and Institutional relationships in country
Members of the legal professions
Directors/Key contacts in the business community
Auditors / Government regulators
Embed Here for good and Group's brand and values in CIB, CB and PvB Risk team
Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures
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To view information on our benefits including our flexible working please visit our career pages .