Job Summary

Lead industry risk reviews for various industries within Corporate & Investment Bank (CIB) incl. impact of various events and scenarios, on behalf of CIB Risk. Work along with Head, Stressed Assets Risk for Stress Testing, corporate financial models for CIB (both for RWA and IFRS9).
This will involve working with a wide range of stakeholders in both 1LOD and 2LOD and communicate to management on outcome of various reviews incl. risk concerns and possible opportunities.

RESPONSIBILITIES

SMR Responsibilities delegation – In line with agreed cascades of GCRO SMR sub responsibilities to RMT and other delegates
SMF 4 Second line of defence responsibilities
As Senior Risk Officer, responsible for the second line of defence responsibilities related to Credit Risk, which involves oversight and challenge of risk management actions from the First Line, including the following:
•    The Group’s Enterprise Risk Management Framework (“ERMF”) with regards to Credit Risk, which sets out the Group’s approach to risk management and the control framework within which risks are managed and risk-return trade-offs are made. 

•    The Group’s Risk Appetite Framework, with regards to Credit Risk, which sets out the Group’s appetite to material risk types that it is exposed to. Monitor compliance to Board approved risk appetite using the risk information report covering principal risk-types Credit Risk; and highlight significant matters to the attention of senior management and senior risk committees.

•    Ensure a robust effectiveness review process for the ERMF with regards to Credit Risk and escalate significant matters and/or gaps in ERMF implementations to senior management and the relevant Board level committees as relevant. 

•    While there are no credit approval authorities for individual credit decisions, being responsible for the following: 

•    Conducting and initiating portfolio and client reviews / deep dives and internal stress test on various industry sectors on a regular basis as well as based on macroeconomic events.
•    Identifying portfolio trends and any warning signals 
•    Engaging with Credit Officers to agree on management action where required
•    Industry coverage include the CCIB corporate portfolio ranging from highly cyclical sectors such as Commodity Traders, Building Products, Construction & Engineering and Commercial Real Estate to other sectors such as Consumer Durables, Automotive, etc   
•    Governance and process oversight for all Industry Portfolio Reviews (IPRs) (herein referred to as “Credit Risk Industries”, which shall comprise Project Export Finance, Shipping Finance, Aviation Finance, Oil & Gas, Metals & Mining, Commodity Traders & Agribusiness, Commercial Real Estate, Banks, Real Money Funds & Hedge Funds, Insurance and any other new industry sectors which may be included) and managing of these portfolios (covered by IPRs) from a second line standpoint.
•    Working with first line business owners in defining Credit Underwriting Principles for new industries (eg new technology/digital sectors)
•    Second line responsibilities for all external regulatory stress tests (BOE, ICAAP, CBES and any other as applicable).   
•    Primary responsibly as the Credit centre of excellence for Model development initiatives (PD/LGD/EAD models) for IFRS 9 and AIRB across various segments

•    Plan development of risk parameters under Credit Risk Industries, Credit Underwriting Principles according to Risk Tolerance and Policy Frameworks and documents in portfolio standards.
•    Plan development of risk parameters according to Risk Tolerance and Policy Frameworks and documents.
•    Identify, measure and monitor risk profiles at the portfolio level under Credit Risk Industries and ensure alignment of strategy across the various Regions.
•    In relations to the Credit Risk Industries and Credit Underwriting Principles, inform the development of business plans (if any) and a balanced judgment on the external environment.
•    Contribute to the development of performance management and remuneration processes, in order to encourage the development of an appropriate risk culture and discipline

•    Align strategy of the Risk function with business strategy and risk appetite for the Credit Risk Industries and Credit Underwriting Principles and oversee its execution.
•    Identify, measure and monitor material risk affecting CCIB portfolio in the context of the external market environment.
•    Communicate the strategic intent and collective agenda for the Risk function.
•    Maintain and develop the risk capabilities, and skills to meet ongoing business needs and plans.

•    Control portfolio within the set risk parameters to ensure risk profile within risk tolerances.
•    Supervise all processes where the direct reportee is the identified first line process owner.
•    Ensure compliance with applicable internal policies, and external laws and regulations, insofar as related to Credit Risk Industries.
•    Continuously improve the operational efficiency and effectiveness of the risk management processes.

•    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.
•    Define an organization structure aligned and scaled to the risk control needs of the business.
•    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 Risk function from those whose primary responsibility is to maximise short-term revenues and profits
•    Actively participate in key committees through standing membership.
•    Maintain an open and cooperative relationship in dealings with regulators.
•    Align the strategy of the risk function with business strategy and risk appetite and oversee its execution.

Key stakeholders
Internal
•    Members of Risk Management Team
•    Global Head, CRE & Industries
•    Group Heads of Control functions
•    Group Internal Audit
•    Global Head, Client Coverage
•    Credit Risk Officers
•    Senior Relationship Managers and Coverage Bankers for CCIB Clients

External:
•    Prudential Regulation Authority (PRA)
•    Key Footprint Regulators
•    The Group's external auditors
•    Economic and Industry Associations
•    Counterparts in major financial institutions
•    Leading Risk Consultancies
•    Local governance bodies

Other Responsibilities
•    Embed Here for good and Group's brand and values in CIB Risk team.
•    Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures

Skills and Experience

Our Ideal Candidate  

1. Market knowledge: 10+ years of experience at the highest level in the banking industry, including demonstrated success in a similar role.
2. 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.
3·Risk management and control: demonstrated track record in successful management and ability to manage risk in geographically dispersed and highly varied product base. .
4·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 of Senior Risk Officer, Industries, Risk.
5.Non technical skills: significant relationship management experience- with external stakeholder at the most senior levels, including regulators and rating agencie

Role Specific Technical Competencies

1. Risk management framework
2. Core credit curriculum
3. Expertise in process design and control

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