Job Summary

The Cluster Trade Business Risk is entrusted to ensure the Trade teams (front to back) in the Cluster operate in full compliance with all Country and Group policies as well as local regulatory requirements

Key Responsibilities

The Cluster Trade Business Risk ensures compliance with policies and regulations for Trade teams. Responsibilities include:

• Representing the Head of Trade Business Risk for regional Risk matters.

• Communicating new regulations and policies to Trade staff.

• Managing the Risk Management agenda, including peer reviews and audit findings.

• Establishing a framework for identifying and mitigating Risk exposures.

• Addressing operational risk incidents and queries.

• Managing the Risk agenda across financial crime, fraud, Information Cyber Security, data quality, and operational risks.

• Collaborating with stakeholders to promote a strong risk management culture.

• Finalizing Transaction Banking (TB) Conduct plan metrics and advising on unique Conduct Risks.

• Designing and executing effective controls and addressing gaps.

Business
Pro-active Risk Management
•    Perform risk reviews and end-to-end process reviews in collaboration with the units and the GBS teams.
•    Analyse process and explore the possibilities of automation and process reengineering/ enhancement on the ground where possible.
•    Conduct Cluster governance reviews to ensure effectiveness and robustness of the country’s governance activities and control environment.
•    Assist in the identification and escalation of thematic and horizon risks and the implementation of appropriate controls to mitigate those risks within the Cluster.  Be the ‘go-to’ person for the business with regards to the escalation of all operational and other risk-related incidents/queries/events that arise within the Cluster. 
•    Ensure the countries under you cluster are always ready to handle any reviews and user understand the risk very well.

Processes
Risk Identification and Control Effectiveness
•    Responsible for supporting the unit in the timely identification, assessment, mitigation, reporting and escalation of all identified Operational Risks. 
•    Assist in identification of operational risk for new/amended products, projects, regulation, etc. and implementation of appropriate controls to mitigate those risks.
•    Liaise with unit as required to ensure that Residual Risk Acceptance Requests (RRARs) are completed for material risks or control failures identified and passed to Senior Operational Risk Officer (SORO) for review before submission to the relevant approving authorities and tabled at appropriate forums/committees.
•    Assist the unit in the management and implementation of the Operational Risk Framework (ORF) and other relevant Operational Risk-related initiatives, including ensuring proper functioning of embedded and periodic controls.
•    Monitor the implementation, execution, and outcome of the Control Sample Testing (CST) process, results of any Key Risk Indicators (KRIs), and Key Control Indictors (KCIs) to ensure compliance with agreed control standards.
•    Oversee risks in the risk tracking system and responsible for ensuring the quality of information being recorded as well as ensuring data accuracy, completeness and timely resolution.

•    Determine effectiveness/ ineffectiveness of defined prevalent controls and control testing through independent validation.
•    Review the ORF results and arrived on the action plan for reducing residual risk rating and mitigating repetitive failure /exceptions
Loss Reporting and Investigation
•    Support the unit in minimizing operational losses and issues, and ensure operational losses are investigated to prevent recurrence.
•    Drive the root cause analysis discipline, validate the content before submission and track the treatment plans until closure. Ensure that significant operational losses are escalated with appropriate root cause review completed.
•    Oversee the recording of operational errors that occur within the unit that result in financial losses, gains, near misses, or non-financial damage.  
•    Oversee and have a 2nd line view on the unit reconciliation on a monthly basis of all operational losses records in the risk management system versus GL entries to ensure that all losses / recoveries are correct and/or accounted for on both sources.
•    Ensure units have obtained the relevant approvals for losses in line with delegated authorities granted

Risk Management through Standardised MI
•    Review, evaluate and initiate actions in coordination with the respective unit based on Standard MI e.g. KRI, EMF, Reconciliation Scorecards, ORF Results, etc.
•    Review weekly reports circulated by Central Team on issues and incidents logged in EORP and ensure information on EORP is kept up-to-date.
•    Monitor whether COPMAN Controls adhered to, review the type of exceptions and evaluate with the team.
•    Monitor/review COPMAN Controls through spot checks - management of exceptions and feedback to line managers

People & Talent
•    Lead through example and build the appropriate culture and values. Sets appropriate tone and expectations for the team and work in collaboration with risk and control partners.
•    Spearhead and support a change in mindset, building a culture of client centricity, agility, and accountability through standardised metrics and measurement.
•    Employ, engage and retain high quality people such that the team is skilled and experienced to deliver its obligations.  Ensure succession planning for critical roles.
•    Set and monitor job descriptions and objectives for direct reports and provide feedback and rewards in line with their performance against those objectives and responsibilities.
•    Review team structure and capacity plans in accordance with change in business structure and demand.

Qualifications, Skills and Experience

• Minimum Bachelor’s degree ( post graduate degree would be an added advantage
• The CDCS (Certificate for Documentary Credit Specialists) certification is an added advantage.
• 10-15 yrs of experience in Trade and handling Trade Risk
• Strong Risk Management
• Good Trade knowledge
• Strong communication skills
• Strong in handling difficult situations
• Leadership skills with strong team management
• Stakeholders’ management

Competencies

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