Standard  Chartered  Bank

Head, CCR Commodities and TRM ASEAN

Up to S$0.0 per annum
27 Mar 2023
10 Apr 2023
Standard Chartered
Approved employers
Approved employer
Job role
Contract type
Full time
Experience level
Role 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 Head, CCR Commodities and TRM ASEAN, I am responsible for the 2LOD responsibilities related to CCR, Commodities and Traded Risk for the ASEAN Financial Markets ("FM") and Treasury businesses which involves oversight and challenge of risk management actions from the 1LOD, including the following:

  • Ensure the effectiveness of the Traded Risk Appetite statements and metrics.
  • Drive continuous enhancement to the Traded Risk Type Framework ("TRTF") to capture emerging risks and enable the Group strategy.
  • Own issues adversely impacting the effectiveness of the TRTF in ASEAN, and partner with the relevant stakeholders to find solutions.
  • Provide independent oversight and challenge of all Financial Market's Commodities business activities.
  • Assist Global Head of CCR to build up commodities expertise within the CCR function.
  • Ensure that the quality of the CCR Commodities and ASEAN portfolios be maintained within acceptable parameters and escalate significant risks to the Senior Management and Committees.
  • Strategize and plan for the operating model required to deliver the long term Group strategy.

  • Uphold the integrity of risk decisions by ensuring that risks are properly assessed, captured, monitored and constrained in accordance with the Group's Risk Appetite framework and other portfolio limits relevant to the FM and Treasury businesses in ASEAN.
  • Plan development of risk parameters for FM Commodities and ASEAN businesses to support the Group strategy, in accordance with the Traded Risk Appetite framework, policies and standards.
  • Ensure that the TRTF is effectively communicated and embedded across FM Commodities and ASEAN.
  • Prepare the CCR Commodities and TRM ASEAM teams for the structural changes needed to manage prudently the risk while enabling the Group to reach its objectives.

  • Appraise and help develop the Bank's strategic plans and alignment with risk appetite by providing continuous feedback to the Group Chief Risk Officer's Management Team and other executive risk forums relevant for ASEAN and for FM Commodities.
  • Engage all stakeholders to raise awareness of financial markets or product-specific risks and how these are managed by TRM and Credit Risk.
  • Partner with the relevant stakeholders to tackle difficult cross functional issues.

  • Drive a consistent interpretation and application of policies governing CCR Commodities and TRM in ASEAN.
  • Supervise all processes owned by the Direct reports or Matrix reports such as:
  • Management of operational risks within the Function.
  • Compliance with applicable internal policies, external laws and regulations.
  • Critical review of the controls exercised by the Function.
  • Review and approval of the remediation plans required to address operational gaps.
People & Talent

  • Establish clear performance criteria, provide regular feedback and ensure fair rewards in light of individual performance for team members.
  • Attract, develop and retain high quality people.
  • Ensure that holders of all critical functions are suitably skilled and qualified for their roles.
  • Encourage continuous training and personal development of the team members.
  • Uphold and reinforce the independence of TRM from the 1LOD.
  • Lead by example and build the appropriate culture and values within CCR Commodities and TRM in ASEAN.
  • Ensure succession planning in the team.
Risk Management
Risk Governance

  • Ensure that material traded, credit and operational risks are reported to the relevant committees and governance forums.
  • Maintain an open and cooperative relationship with regulators and auditors.
  • Ensure global and regional business and product heads and all Risk Framework Owners understand and accept their risk management responsibilities through FM's local and regional committees.
  • Keep abreast with the latest development impacting the FM and Treasury businesses from a risk and capital perspective.
  • Ensure effective mechanisms are in place to assign Risk authorities in TRM to suitable individuals.
  • Ensure appropriate judgement is applied in the discharge of risk authorities.
Risk Appetite

  • Uphold the integrity of risk/return decisions, by challenging business and control function heads to ensure that risk origination and control decisions are properly informed and consistent with strategy and risk appetite.
  • Ensure that meaningful stress tests, portfolio limits or other constraining parameters are in place.
  • Be alert to significant market movement or material events and provide timely analysis and recommended actions.
Risk Framework Ownership of Traded, Credit and Operational Risk

  • Ensure risk identification, measurement, reporting and modelling capabilities are objective, consistent and compliant with applicable regulations.
  • Provide oversight of the Operational Risk Framework in relation to the TRM activities, ensure the completeness of the activities and lead the remediation of any identified gap.
  • Ensure that material risk exposures or material issues are escalated to Global Head, CCR and TRM ASA for discussion at the relevant Financial Risk and Non-Financial Risk Committees.
  • Design and oversee the implementation and effectively communicate risk control parameters, including policies, standards, limits and other control levers to the businesses, TRM teams.
General Management of the CCR Commodities and Traded Risk in ASEAN

  • Oversee the management of the CCR Commodities exposure and Traded Risk exposures in ASEAN and ensure that appropriate early warning indicators are in place.
  • Influence and de strategic intent and Collective Agenda for the TRM teams.
  • Ensure effective management of operational risks within the TRM teams and compliance with applicable internal policies, and external laws and regulations.
  • Manage and develop risk capabilities, skills to meet ongoing business needs and plans. Actively engage in the design and development of the infrastructure.
  • Assist GH, CCR in designing, maintaining and effectively communicating risk control parameters of the CCR portfolio, including policies, control standards, risk exposure limits and other control levers in order to maintain the risk profile in line with the Group's risk appetite.
  • Influence and enable Financial Markets' business initiatives by providing thorough and timely inputs into Product Programs and Country Addendums.

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.
  • Lead the CCR Commodities team and TRM team in ASEAN to 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

  • Regional Head of FM and Treasury and Direct Reports
  • Group Chief Risk Officer's Risk Management Team
  • Corporate & Institutional Banking Management Team
  • Regional Chief Risk Officers, and Chief Credit Officers
  • Country Risk Officers
  • FM Sales and Product Heads (focus on FM Head of Commodities)
  • Global & Segment Heads of FI
  • Regional Heads of Global Banking
  • Group Internal Audit
  • Group Operational Risk
  • Group Legal and Compliance
  • Traded Risk Analytics
  • Head, Stress Testing
  • Head, Traded Risk Change Delivery
  • Traded Risk Reporting

  • Key regulators relevant for FM Commodities and TRM ASEAN activities
  • Industry bodies
  • The Group's external auditors
Other Responsibilities

  • Embed "Here for Good" and Group's brand and values in Traded Risk Team in ASEAN.
  • Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.
Our Ideal Candidate

  • 12+ years of experience in Traded risk/ Credit Risk .
  • Experience in Commodities market
  • 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.
  • Risk management and control: demonstrated track record in successful management and ability to manage risk in geographically dispersed and highly varied product base. Expertise in process design and control.
  • 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 Traded Risk Management.
  • Non-technical skills: significant relationship management experience- with external stakeholder at the most senior levels, including regulators and rating agencies.
  • Business Communication.
Banking training:

  • Role specific training which are mandatory and developmental
  • Risk management framework
  • Core credit curriculum
  • Other training as deemed mandatory by the bank and updated on a periodic basis.
Role Specific Technical Competencies

  • C & I Credit Risk
  • Market Risk
  • Counterparty Credit Risk
About Standard Chartered

We're an international bank, nimble enough to act, big enough for impact. For more than 160 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 doNever settle, continuously striving to improve and innovate, keeping things simple and learning from doing well, and not so wellBe better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long termIn 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 locationsTime-off including annual, parental/maternity (20 weeks), sabbatical (12 weeks maximum) and volunteering leave (3 days), along with minimum global standards for annual and public holiday, which is combined to 30 days minimumFlexible working options based around home and office locations, with flexible working patternsProactive 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 toolkitsA continuous learning culture to support your growth, with opportunities to reskill and upskill and access to physical, virtual and digital learningBeing 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.

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