Associate Director, Global Credit Insurance Group

Job Summary

The role holder is responsible, as an individual contributor, as part of the Bank’s Global Credit Insurance Group desk (“GCIG”), for negotiating, structuring, placing, and managing private market credit and political risk insurance on CIB credit assets for the Asia region.

RESPONSIBILITIES

• The role holder is responsible, as part of the Bank’s Global Credit Insurance Group desk (“GCIG”), for negotiating, structuring, placing, and managing private market credit and political risk insurance on CIB credit assets for the Asia and Asia Pacific region.
• Fast paced role within dynamic and nimble front office team as part of market-facing distribution and capital management group.
• Engage with product and coverage origination teams to evaluate and understand risks associated with complex structured transactions and suggest structural elements to make deals more attractive to the credit insurance market.
• Pitch suitable deals to the credit insurance market and understand and address underwriters’ concerns.
• Negotiate commercial terms with insurers, including premium rates and documentation, to ensure efficient capital utilisation and optimised returns on deals.
• Build global relationships with credit insurers across all core market hubs including in Singapore, London, New York, Bermuda, and others.
• Support senior team members to develop market capabilities to insure SCB structured deals, including new product innovations, by creating presentations, preparing data analysis, writing reports, and other tasks as required.

Strategy

Continuously work with insurers on both BAU business and initiatives aimed at deepening and broadening market appetite to better match the Bank’s evolving book and general business requirements. Initiatives include:

• Deepening and broadening insurance market appetite for the low RoRWA/high RWA business;
• Deepening and broadening insurance market appetite for Shipping Finance risks, to assist the strategic growth of the business;
• Deepening and broadening insurance market appetite for long tenor Project Finance Renewable risks, to assist the strategic growth of the business, and to do this in a way that increases returns;
• Deepening and broadening insurance market appetite for Commodities business, to enable the bank to provide solutions to requirements of key clients, and to do this in a profitable manner ;
• Developing insurance market to insure NAV financings, ABL and Loan on Loan structures for portfolio and CRE sector risks, and HY financings including mezzanine positions, to enable the bank to diversify its investor base on these structures, and to do this in a profitable manner;
• Team’s remit includes credit insurance origination on both pipeline transactions and portfolio assets (as directed by CPM/Business).

Key Responsibilities

Processes

Process improvement and enhancement of scope of work

• Active participation in projects that expand the scope of the team’s work, giving unique exposure to global markets

Risk Management

Operational Risk management — assist the dedicated GCIG team member handling portfolio management and, on an ongoing basis:

• Manage ongoing information reporting requirements on executed deals;
• Ensure ongoing obligations under the policies are met;
• Ensure that credit files and spreadsheets are complete and maintained to an auditable standard; and
• Work closely with deal teams and insurers in case of amendments, waiver requests restructuring of deals or defaults.

Governance

• Responsible for assessing the effectiveness of the Group's arrangements to deliver effective governance, oversight, and controls in the business and, if necessary, oversee changes in these areas
• Awareness and understanding of the regulatory framework, in which the Group operates, and the regulatory requirements and expectations relevant to the role.
• Responsible for delivering 'effective governance'; capability to challenge fellow executives effectively; and willingness to work with any local regulators in an open and cooperative manner.

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 Credit Insurance team to achieve the outcomes set out in the Bank’s Conduct Principles: Fair Outcomes for Clients; Financial Crime Compliance; The Right Environment.
• Effectively and collaboratively identify, escalate, mitigate, and resolve risk, conduct, and compliance matters

Key stakeholders

Internal:

• GCM/CIB/Markets transactors: Work pro-actively with deal teams and Credit teams across Global Credit Markets, Financial Markets, CIB globally to identify assets for risk distribution;
• FI GAMs: Manage utilisation and allocation of underwriter counterparty limits, and compile regular reporting to various stakeholders including FI Relationship Managers; and
• CPM: Work closely with the Credit and Portfolio Management team to manage risk and RWA on existing exposures through insurance.

External:

Insurers, reinsurers, brokers, insurance desks of other banks, industry bodies, conferences: Apart from deal execution, develop strong relationships with relevant stakeholders, to market SCB in an effective manner, and ensure we can use relevant market intelligence for our benefit

Other Responsibilities

• Embed ‘Here for Good’ and Group’s brand and values in Singapore/ GCM / Loan Syndications/ Global Credit Insurance Group;
• Perform other responsibilities assigned under Group, Country, Business, or Functional policies and procedures

Our Ideal Candidate

• 4+ years of experience in Credit Analysis
• Solid foundation in credit analysis gained in banking, credit insurance, or other similar financial services sector
• Ability to understand, summarise, and communicate a broad range of credit products to internal stakeholders and external markets
• Preference for an understanding of structured financial markets products, potentially from a structuring, sales, product, or syndicate background
• Demonstrated track record of high-achieving performance in team environments, and individual resilience and accountability

Role-Specific Technical Competencies

• Risk Management – Market / Liquidity
• Business - Strategy and Model
• Execution – Industry Knowledge
• Execution – Client Relationship Management
• Distribution – Market Risk
• Product – Structured Derivatives and Swaps

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 well-being.

• 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 well-being 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.

For further information, and to apply, please visit our website via the “Apply” button below.