Job Summary

•    The role of CRO, Singapore & ASEAN is responsible for leading the Risk Function in Singapore & ASEAN. 
•    The role has oversight responsibilities for all risk disciplines in Singapore & ASEAN and acts as Risk’s contact point for both internal stakeholders and external regulators. The role also has oversight responsibilities over Trust Bank.  
•    The job holder is expected to partner with internal stakeholders from all areas to deliver the right outcome for Bank.  Specifically, he/she is expected to drive risk process optimization as well as business growth in the context of agreed risk appetite. 
Senior Managers Regime (“SMR”) responsibilities delegation, in line with agreed cascades of Group Chief Risk Officer (“GCRO”) SMR sub-responsibilities to RMT and other delegates.

SMF4 - Chief Risk Function
As Head of the Risk function, I am responsible for the overall second line of defence responsibilities related to risk management, which involves oversight and challenge of risk management actions of the first line in Singapore & ASEAN, which includes:
•    Building a culture of good conduct in the Risk functions within Singapore & ASEAN; and
•    Providing governance oversight to embed the Enterprise Risk Management Framework including the Principal Risk Types, as well as material cross-cutting and overarching risks within Singapore & ASEAN
•    To be the second line challenge to the Enterprise-Wide Stress Testing process (including the control environment and residual risk, the scenario and results of the stress test); as well as the basis of preparation, production and documentation of the scenario(s) used and the stress outputs for market risk and operational risk.

Key Responsibilities

Strategy
With respect to Singapore & ASEAN,
•    Inform the development of business plans with the provision of cost and impairment forecasts and a balanced judgement on the external environment.
•    Contribute to the development of performance management processes, to encourage development of an appropriate risk culture and discipline.
•    For the entities within SCBSL, accountable for risk related disclosures to regulators, investors, analysts and rating agencies (such as annual and interim results and Pillar 3) and for ensuring they are compliant with applicable regulatory requirements.
•    Represent the Risk function in relevant committees or management forums.
•    Appraise and contribute to the development of the Bank's strategic plans.
•    Align the strategy of the Risk function with business strategy and risk appetite and oversee its execution.
•    Supervise the teams to achieve sound management of all aspects of risk in each and every country

Business
•    Communicate to the Business the strategic intent and collective agenda for the Function.
•    Maintain and develop risk capabilities and skills to meet ongoing business needs and plans - awareness and understanding of the wider business, economic and market environment in which the Group operates
•    Define the strategic intent and agenda for the Risk function.
•    Provide Group information, guidance, best practice and expertise to ensure that the Function applies the same business strategy with Group and operate the risk management system

Processes
•    Supervise all processes where a member of the Function is identified as first or second line process owner.
•    Responsible for the operational efficiency and effectiveness of the Risk function, including risk management processes, by defining and maintaining an operational excellence agenda for the Risk Function.
•    Ensure effective management of operational risks within the Risk function and compliance with applicable internal policies, and external laws and regulations

Risk Management
Risk Appetite
•    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
•    Ensure that effective management response plans are in place to respond to extreme but plausible scenarios
•    Direct appropriate response to material events or other risk issues that come to the role holder's attention
•    Propose, in consultation with Group, the Bank's overall risk appetite for review by the Risk Committee and approval by the Board
•    Assess periodically the risk profile of the Bank and maintain alignment with risk appetite by rebalancing of risks or controls that may be required in response to internal and external factors
•    Initiate, at least annually and with guidance from Group specialists, a stress test and scenario programme, review the results and assess their implications.

Risk Ownership 
•    Ensure risk identification, measurement and modelling capabilities are objective, consistent and compliant with applicable regulations.
•    Ensure that material risk exposures and related issues are reported to the responsible governance committees and to the Board or Board committee as appropriate
•    Ensure appropriate judgement is applied in the discharge of risk authorities assigned to the jobholder, taking account of concentration risk across sectors, geographies and markets where applicable. 
•    Assign risk authorities to suitable named individuals in line with their skills and judgement.
•    Design, maintain and effectively communicate risk control parameters across the Singapore Cluster, including policies, control standards, risk exposure limits and other control levers in order to maintain Singapore Cluster's risk profile in line with overall risk appetite.
•    Obtain assurance regarding the effectiveness of controls and compliance with applicable laws & regulations.

Governance
•    Maintain a good understanding of the requirements of key external stakeholders relevant to the role, and ensure these are well understood internally and reflected in internal procedures.
•    Maintain an open and cooperative relationship in dealings with regulators.
•    Ensure that countries in the Singapore Cluster consistently and effectively follow the Group’s standard risk committee structure. 
•    Ensure business heads and all Country Risk Framework Owners understand and accept their risk management responsibilities
•    Ensure that the Singapore Executive Risk Committee remains efficient, fit for purpose and operates within its terms of reference

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.
•    Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
•    Lead the Risk team in Singapore Cluster 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. 

People and Talent
•    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.
•    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.
 

Skills and Experience

Must-have Skills    
    •    Manage Risk
    •    Communication & Influencing Skills
    •    Manage People
    •    Operational Risk
    •    Reputational Risk
    •    C&I Credit Risk
    •    Retail and Private Banking Credit Risk
    •    Market / Liquidity Risk
    •    Stressed Assets
Other Skills    
    •    Manage Change
    •    Business Partnering
    •    Manage Conduct

Our Ideal Candidate

Key Experiences    
•    Extensive senior leadership experience within banking risk management. 
•    Proven experience managing multiple risk disciplines across complex regional or country portfolios. 
Deep experience engaging regulators, Boards and executive committees. 
•    Demonstrated track record leading enterprise-wide risk governance, stress testing and risk appetite frameworks. 
•    Experience balancing commercial growth objectives with prudent risk management and regulatory expectations. 
•    Leading large geographically dispersed teams and driving culture transformation
Certifications / Qualifications 
•    Professional degree and relevant Risk Management experience
Languages    
•    Business Communication

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.