Job Summary

This is a key role within WRB Risk that is responsible for managing credit risks associated with wealth lending in the Private Bank, Priority Private and Priority segments in ASEAN and South Asia. The Singapore and India markets in particular are key drivers of growth for wealth lending, and the role holder will partner with the first line of defence to oversee the growth strategy.  

Strategy
•    Inform the development of local WRB Wealth Management and Affluent/Priority client segment business plans with the provision of operational loss, cost and impairment forecasts and a balanced judgment on the external environment 
•    Align the strategy for management of Wealth Lending Risk with the business strategy for the Affluent/Priority segments of customers and risk appetite and oversee its execution  
•    Contribute to the development of local performance management and remuneration processes, to encourage the development of an appropriate risk culture and discipline

Business
•    Define the strategic intent and agenda for Wealth Lending in Risk in ASEAN and South Asia
•    Maintain and develop Wealth Lending risk management capabilities, skills and infrastructure to meet ongoing business needs and plans for the Wealth Management Business, with an awareness and understanding of the wider business, economic and market environment in which the Group operates. 

Processes
•    Supervise all processes where a member of the Function is 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 regulation
•    Support new Wealth Lending programs development to deliver scalable lending solutions in the region
•    Continuously improve the operational efficiency and effectiveness of the Function’s risk management processes

Key Responsibilities

Portfolio Management
•    Drive continuous improvement on portfolio risk monitoring and management capability 
•    Understand sensitivities to key risk drivers and potential stress impact on the portfolio. Monitor external factors, such as state of economy, regulatory environment and other emerging risk trends
•    Ensure portfolio standards evolve appropriately to proactively manage the changes in external environment, strategy and risk tolerance

People & Talent
•    Lead through example and build the appropriate culture and values within the WRB Risk function and across the wider organisation.
•    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.  
•    Employ, engage and retain high quality people, with succession planning for critical roles.
•    Responsibility to review team structure/capacity plans.
•    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.
•    Uphold and reinforce the independence of the WRB Risk function from those whose primary responsibility is to maximize short-term revenues and profits.

Risk Management
•    With respect to Wealth Lending in region, uphold the integrity of risk/return decisions, by challenging business and control function heads to demonstrate that risk origination and control decisions are properly informed and consistent with strategy and risk appetite.
•    Direct appropriate response to material events or other risk issues that come to the role holder’s attention
•    Align the strategy of the local Risk function with properly approved business strategy and risk appetite and oversee its execution

Governance
•    Maintain a good understanding of the requirements of key external stakeholders relevant to the role and ensure that these are well understood internally and reflected in internal procedures.
•    Maintain and open and cooperative relationship in dealings with 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 ensuing 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.

Key stakeholders
Internal
•    Local and regional business heads
•    Regional / Country Chief Risk Officers
•    Country Governance heads
•    Local functional heads
•    Group Business stakeholders
•    Group Risk stakeholders

External
•    Counterparts in major financial institutions
•    Regulators and Central Banks 
•    External auditors
•    Economic and Industry Associations 

Other Responsibilities
•    Embed ‘Here for Good’ and the Group’s brand and values in Country and Region.
•    Perform other responsibilities assigned under Group, Region, Country Business or Functional policies and procedures.

Skills and Experience

•    Risk – Wealth Lending Risk
•    Risk – C & I Credit Risk
•    Risk – Stressed Assets
•    Risk – Operational Risk
•    Risk – Reputational Risk
•    Risk – Market / Liquidity Risk
•    Risk – Manage People
•    Risk – Manage Change
•    Risk – Communication and Influencing Skills

Our Ideal Candidate

•    Market knowledge: substantial experience at the higher level in the banking industry, including demonstrated success in a similar role.
•    Business strategy and model: sharp business acumen (including ability to assess risk and appropriate levels of return), strong leadership qualities, excellent interpersonal skills and multi-cultural awakened and sensitivity.
•    Risk management and control: demonstrated track record in successful management and ability to manage end-to-end credit risk associated with wealth lending in geographically dispersed and highly varied product base. Expertise in process design and control.
•    Strong analytical and dispute management skills, ability to make independent decisions with a strong sense of empowerment and leadership skills to command the respect of a cross-functional set of professionals at senior level (internal and external) working in open-ended situations.
•    Regulatory framework and requirement: awareness and understanding of the regulatory framework in which the firm operates and the regulatory requirements and expectations relevant to the role. 
•    Non-technical skills: significant relationship management experience- with external stakeholder at the most senior levels, including regulators and rating agencies.
•    Languages; Business Communication. Proficiency in Chinese would be preferable.
•    Banking training: Role specific training which are mandatory and developmental
•    Bank mandatory training for Certified Persons and training under the WRB Risk Curriculum
•    Enterprise Risk Management Framework & Risk Governance
•    Portfolio Risk
•    Operational Risk, Fraud Risk management
•    Effective Workplace Writing
•    other training as deemed mandatory by the bank and updated on a periodic basis.

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.