Job Summary

This role could be based in Singapore and Hong Kong. When you start the application process you will be presented with a drop down menu showing all countries, please ensure that you select a country where the role is based.

•    Act as the second line Subject Matter Expert for Credit Risk on Digital Assets (DA) as an asset class.
•    Lead provision of specific expertise for Credit Risk on Digital Assets to continuously support enhancement and maintenance of DA Risk Management Approach (DARMA) which sets out the approach to risk management and the control framework within which risks are managed. 
•    Lead assessment of Credit Risk that the Group may be potentially exposed to arising from direct or indirect DA activities. 
•    Lead effectiveness reviews to assess relevant first and second line understand and accept their credit risk management responsibilities on Digital Assets.
•    Review and challenge that policies and standards are being adapted or created to address Credit Risk on DA and training is available to staff (on a targeted basis).
•    Review and challenge the assessment of DA related considerations in the Group’s Credit Risk Appetite framework. 
•    Monitor compliance to approved credit risk appetite on DA using the risk information report ; and highlight significant matters to the Chief Risk Officer, CIB, senior management and senior risk committees.
•    Support review of infrastructure to support DA reviews, and the monitoring of credit risk exposure on DA Assets and actions as required.

Key Responsibilities

Strategy
•    Influence the Group’s DA Strategy and activities, advising on alignment with specific Credit Risk Type framework, policies, standards, and risk appetite. 
•    Actively engage thought leaders in the DA industries to improve understanding of credit risk on digital assets, innovation, exploration, and adoption of alternative risk models and data sources. 
•    Conduct regulatory interpretation and associated assessments for DA related initiatives, so far as it relates to Credit Risk, with adherence to legal and regulatory requirements.
•    Evaluate and advise on credit risks associated with DA projects, products and investments, including the assessment of blockchain technologies and tokenomics, to ensure robust risk mitigation strategies are in place.

Business
•    Inform the strategic intent and collective agenda for the DA Risk Management Approach focusing on Credit Risk
•    Influence stakeholders and advise DA Risk subject matter experts on Credit Risk considerations with respect to thinking and approach for Digital Asset activities, including situations where the Group seeks to engage clients heavily exposed to DAs
•    Advise Business on credit risk aspects on Group’s DA business strategy and ensure execution within the credit risk framework and parameters.
•    Direct the business to undertake appropriate evaluations of credit risk arising in DA stress scenarios with support from the Group Treasury and Group Stress Testing teams as required.
•    Provide timely advice, support and challenge to enable compliance with all relevant laws and regulations and support pro-active and pre-emptive risk mitigation of credit risk on digital assets.

Processes
•    Support discharge of Policy Owner related responsibilities as defined in the ERMF to the extent it relates to Credit Risk in DA activities

People and Talent
•    Support creation of a culture of continuous learning and development 
•    Foster an open environment to stimulate creativity and develop innovative solution to supports Group’s aspiration. 

Risk Management
•    Provide subject matter expertise on credit risk in Digital Assets 
•    Provide Credit Risk input in DA Due Diligence reviews on Business DA clients, products, initiatives and investments to enable adherence to DARMA.
•    Provide Credit Risk input in evaluation of DA risk assessments for confirmation by existing Business authorities including evaluation of blockchains and tokens, DA key management and wallet management infrastructure, operations and partnerships with DA third parties e.g. DA custodians, exchanges, staking providers etc 
•    Support notification to relevant regulators as required for Digital Assets
•    Exercise delegated Credit Authority for approval of credit limits on clients undertaking Digital Asset activities
•    Ensure proactive management of credit risk on Digital Asset clients
•    Ensure compliance with Credit Risk frameworks, policies, and standards for assigned portfolio of clients  

Governance
•    Support DA Centre of Excellence in running and maintaining a governance forum/committee structure to provide effective risk oversight of the DA Risk Profile across the Group. 
•    Support annual effectiveness reviews to identify improvement areas and implement necessary actions. 
•    Support review and challenge of on-going compliance with and effectiveness of the risk control environment and overall exposure and risk levels to DAs

Regulatory and 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.

Key stakeholders

Internal:

Digital Assets
•    Digital Assets Centre of Excellence
•    Business heads
•    Digital Assets SMEs
•    Group Internal Audit

Credit Risk
•    Regional CCOs and Chief Credit Officers
•    Group and Country Credit Risk Framework Owners
•    Credit Policy team

External:
•    Home and host regulators 
•    The Group's external auditors

Other Responsibilities
Embed Here for good and Group’s brand and values in DA risk team Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures

Our Ideal Candidate

•    Strong academic background
•    5+years of experience in emerging Digital technology
•    10+ years of experience in banking / financial services specifically traded / credit risk.  
•    Expertise of evaluating financial and non-financial risks associated with blockchains, tokens, CBDCs, stablecoins and cryptocurrencies. 
•    Understanding of Digital-assets and fintech industry trends / developments, risk implications and impacts on the financial sector
•    A clear understanding of credit risks in Digital Assets 
•    Strong verbal and written communication skills
•    Knowledge of key regulatory and supervisory frameworks relating to Digital Assets
•    Strong stakeholder management, communication and influencing skills

Role Specific Technical Competencies

•    Credit Risk
•    Digital Assets
•    Traded Risk
•    Operational and Cyber Security
•    Reputational
•    Compliance
•    Treasury  

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