JOB SUMMARY

The Senior Risk Officer, Transaction Banking Risk will be 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. Ensure that the relevant first and second line owners understand and accept their risk management responsibilities.
• 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. 
• Being responsible to lead and be the Credit Risk subject matter expert on Transaction Banking (TB) which includes Global Trade and Global Cash 
• There are specific credit approval authorities applicable to the Non-Client Obligor (Buyers) only for the Receivables Financing Product Type in relation to the limits for the Credit Applications of these Non-Client Obligors, 
• Governance framework
• Building a culture of good conduct in the Risk function and embedding the Risk Culture statement as described in the ERMF. 

RESPONSIBILITIES

Strategy.

• Global Trade
• Work closely with the business teams to align the strategy of the credit risk function with business growth strategy and risk appetite
• Actively participate in workshopping discussions and provide support / guidance to Geography approvers for bespoke/client specific transactions. 
• Identify key risk elements and ensure adequate mitigants and controls are in place.
• Assess exceptions to Product Programs and work with geography teams in tabling for approvals as appropriate.
• Coordinate and monitor delivery of risk approvals for TB / Trade to ensure is responsive / timely, decisive and balanced. 
• Support approval of structured deals according to the prevailing Deal Approval Framework
• Support Geography Credit in all aspects relating to Product and Transactions for Trade
• Participate in various governance forums and support from a Risk perspective, including review and support of PPGs etc.

Global Cash

• Understanding of basic Cash Management products and inherent risks (example: Checks, Direct Debit)
• Comfortable with Notional pooling nuances i.e. cross entity, currency etc and also challenges around right of set-off  
• Appreciation of how banks can better manage and mitigate merchant risk and charge back risk from merchant acquiring and other online/digital payment methods
• Appreciation of how banks can better manage and mitigate risks where the bank is responsible (undertaking) the stored value facility deposits for end users of the prepaid instrument 

• Regularly review existing Product Programs for areas of improvements and ensure appropriate risk reward balance.
• Conduct regular client level reviews to ensure compliance with Product Programs
• Simplify product underwriting standards as applicable
• Support Geography Credit in all aspects relating to Product and Transactions for Cash

Business.
TB Portfolio

• Timely review and updates of the CIB TB portfolio 
• Monitor and review portfolio trends & to highlight any hotspots/ exposures that deserve immediate attention
• To initiate ad-hoc portfolio / stress tests and thematic reviews as required from time to time and to ensure delivery of results within agreed timeline. 

Processes.

• To support the business teams to maintain effective risk control and identify process improvement to strengthen the team’s monitoring and control process (eg end-to-end process review and agreement of Roles & Responsibilities of various stakeholders from BCA approval to documentation, limit loading, drawdown and reporting of exposure). 

People & Talent. 

• Lead through example and build the appropriate culture and values within TB Risk, the wider geography Credit Risk teams and with business teams. 
• Set appropriate tone and expectations in collaboration with business and other control partners such as Operational Risk and Fraud & Compliance.
• Develop strong and efficient second line risk capacity and capability to support TB / Trade, instilling technical and market knowledge of sophisticated TB / Trade structures into the organisation 
• Enable and facilitate TB business in various geographies by participating in training on new and existing products (in conjunction with business teams) 

Risk Management.

• Support GH TB Risk in all matters related to risk management of Cash and Trade
• To actively participate in TB related Non-Financial Risk Committees and ensure robust controls are implemented to facilitate ‘fit for growth and scalability’ of product offerings
• To review and approve Product Programs and Product Periodic Reviews across Cash and  Trade.
• To support the GH TB Risk in the preparation of papers relating to TB for Committee meetings, investors’ presentation or regulator requests. 
• To maintain a central repository to house relevant portfolio data 

Governance. 

• These activities are covered under the ''risk management' section above. Not applicable.

Regulatory and Business Conduct. 

• Display exemplary conduct and live by the Group’s Values and Code of Conduct. 
• Display 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.
• Achieve the outcomes set out in the Bank’s Conduct Principles Fair Outcomes for Clients; Effective Operation of Financial Markets; Financial Crime Prevention; The Right Environment.
• Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
• Maintain an open and cooperative relationship in dealings with Local Regulators.

Key Stakeholders.
Internal

• Members of Group Risk Committee
• Members of Risk Management Team
• Group Heads of Control functions
• Group Internal Audit
• Global Head, TB and respective product heads
• Global Head, Global Banking
• Credit Risk Officers

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 CCIB Risk team.
• Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures

Our Ideal Candidate

• 10+ years of experience in Credit, Operational and Fraud risks and how they interact in Trade facilities and processes.
• Deep understanding of Trade facility structures, in particular sophisticated open account products, and their risk management across traditional and new economy sectors
• Extensive experience of credit approvals at senior level for clients in our key footprint markets across the credit curve.
• Some experience working out stressed assets for client with TB / Trade facilities 
• Good understanding of regulatory capital principles and requirements and related risk modelling.
• Confident, analytical and decisive approach to support the TB / Trade in setting risk appetite, and coordinating necessary second line approvals
• Non technical skills: significant relationship management experience- with external stakeholder at the most senior levels, including regulators and rating agencies.
• Role specific training which are mandatory and developmental
• Other training as deemed mandatory by the bank and updated on a periodic basis.
   

Role Specific Technical Competencies

• C&I Credit Risk 
• Operational Risk Management  
• Business Partnering
• Risk management framework
• Core credit curriculum  

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