Job Summary

This is a Country role within Stressed Assets Risk (SAR). It carries responsibilities and accountability under Credit Risk for the direction, governance and management of all problem accounts (CG13-CG14) and other accounts specifically assigned to SAR to reduce the potential and actual impact on the Group’s balance sheet and profit and loss accounts.

RESPONSIBILITIES

Strategy

• Challenge and approve impairment forecasts developed by First Line based upon a balanced judgement on the external environment.
• Align strategy of the First Line to the overall Risk function risk appetite and work with First Line  in overseeing its execution of strategy in respective regions.
• Maintain and develop capabilities and skills to meet ongoing SAR business needs and plans.

Business

Work with LOD1 stakeholders on early problem identification and risk mitigation to arrest deterioration of credit quality in the CCIB portfolio. Work with RMs/SAG/SSA teams on the resolution of SAG portfolio to optimise recoveries and appropriately classify and impair NPLs . 

Processes

• Ensure effective management of the operational risks within SAR and compliance with applicable internal policies and external laws and regulations.
• Continuously improve the operational efficiency and effectiveness of SAR risk management processes.
   

Key Responsibilities

People & Talent 

Lead through example and build the appropriate culture and values. The Senior Manager has to set the tone and the expectations when interacting with the businesses and work in collaboration with the Risk partners.

Risk Management

• Determine the appropriate credit risk grade and provisioning on all SAR assets.
• Ensure that material impairments and related issues are reported to Line Manager and relevant regional risk governance committees.
• Manage SAR assets together with First Line to optimise the Group’s risk and return profile.
• Work with First Line to negotiate on behalf of the Bank in the most complex and difficult work out situations
• Work with First Line to ensure that the Group's risk arising from litigation, environmental claims, regulatory censure or potential reputational loss in regard to Early Alert Accounts and impaired accounts are minimised.
• Assign authorities to suitably named individuals in line with their skills and judgement.
• Review reports to senior management, performance and risk committees on significant matters relating to the SAR portfolio.
• Provide feedback to First Line regarding improvements in credit origination, documentation or early problem recognition.

General Management 

• Maintain and develop SAR capabilities, skills and infrastructure to meet ongoing business needs and plans.
• Continuously improve the operational efficiency and effectiveness of SAR processes.
• Ensure effective management of operational risks within the SAR function and compliance with applicable internal policies and external laws and regulations.

Governance

• Maintain an efficient and effective governance structure for senior management risk oversight.
• Maintain an open and cooperative relationship in dealings with regulators.
• Ensure that material impairments and related issues are reported to the responsible senior managers and risk governance committees.
   

Skills and Experience

Key stakeholders*

Internal 

• Relationship Managers of the Business units. 
• Chief Credit Officers and Senior Credit Officers 
• Credit Risk Control 
• Finance 
• Legal and Compliance 
• Corporate Affairs. 

External 

• External Auditors.
• Legal and Accounting firms 
• Regulators
   

Qualifications

• Academic qualification in the form of a Degree. 
• Bank training: CCC 
• Languages English and preferably [local language].
• Credit Risk 
• Restructuring and work out experience     
• Financial analysis     
   

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.