Senior Credit Officer SG/ASEAN

About Standard Chartered
We are a leading international bank focused on helping people and companies prosper across Asia, Africa and the Middle East.

To us, good performance is about much more than turning a profit. It's about showing how you embody our valued behaviours - do the right thing, better together and never settle - as well as our brand promise, Here for good.

We're committed to promoting equality in the workplace and creating an inclusive and flexible culture - one where everyone can realise their full potential and make a positive contribution to our organisation. This in turn helps us to provide better support to our broad client base.

The Role Responsibilities

SMR Responsibilities delegation - In line with agreed cascades of GCRO SMR sub responsibilities to RMT and other delegates

SMF4 - Second line of defence responsibilities

As SCO for SG/ASEAN, 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. As SCO, 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.

Governance framework

Building a culture of good conduct in the Risk function and embedding the Risk Culture statement as described in the ERMF.

Process Universe

Responsible for discharging my Process Universe related responsibilities as defined in the ERMF:

Reviewing, challenging, and providing oversight of the risk profile of the Risk process universe.

FCA 14 - FCA main business activity/function

Responsibility for wholesale lending decisions

Responsible for final credit decisions for wholesale lending facilities.

Completeness and accuracy of the business credit application and capture of critical information required for credit risk measurement and credit analysis.

Strategy

Plan development of risk parameters for SG/ASEAN portfolios according to Risk Tolerance and Policy Frameworks and documents in portfolio standards.

Inform the development of business plans with the provision of cost and impairment forecasts 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.

Business

Align strategy of the Risk function with business strategy and risk appetite and oversee its execution.

Identify, measure and monitor material risk affecting SG/ASEAN portfolios 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.

Processes

Control portfolio within the set risk parameters to ensure risk profile within risk tolerances.

Ensure credit approvals are within delegated authorities.

Supervise all processes where a member of the Risk function is the identified first line process owner.

Ensure effective management of the operational risks within the Risk function and compliance with applicable internal policies, and external laws and regulations.

Continuously improve the operational efficiency and effectiveness of the risk management processes.

People and Talent

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.

Risk Management

Assess the credit risk profile of the SG/ASEAN portfolios, maintaining alignment with risk appetite by rebalancing of risks or controls that may be required in response to internal and external factors.

Initiate stress tests as required by internal and external factors and review results and assess their implications.

Ensure that effective management response plans are in place to respond to extreme but plausible scenarios.

Uphold the integrity of risk/return decisions, by challenging business to demonstrate that risk origination and control decisions are properly informed and consistent with strategy and risk appetite.

Direct appropriate response to material events or other risk issues that come to SCO, SG/ASEAN attention.

Exercise risk control responsibility for Credit Risk for SG/ASEAN portfolios.

Ensure risk capabilities are objective, consistent and compliant with applicable regulations.

Ensure that material risk exposures and related issues are reported to the responsible governance committees and to Group and business-level committees as appropriate.

Ensure appropriate judgment is applied in the discharge of risk authorities assigned to the jobholder, taking account of concentration risk across sectors, geographies and markets.

Design, maintain and effectively communicate risk control parameters across the Business, 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.

Maintain a good understanding of the requirements of key external stakeholders in respect of risk management and ensure these are well understood internally and reflected in internal procedures.

Obtain assurance regarding the effectiveness of the business controls and compliance with applicable laws & regulations.

Maintain delegated authorities in line with internal policies and ensure that delegations are in line with individual capabilities.

Actively participate in key committees through standing membership.

Ensure first line process owners understand and accept their risk management responsibilities.

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.

Governance

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

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 SG/ASEAN Credit team to achieve the outcomes set out in the Bank's Conduct Principles: Fair Outcomes for Clients; Effective Financial Markets; Financial Crime Compliance; 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

Head Group and Country Audit as applicable

Respective Country / ASEAN Head GSAM

Respective Country / ASEAN Country Chief Executive Officer

Respective Country / ASEAN Country Head Legal

Respective County / ASEAN Country Head Compliance

Regional Chief Risk Officer, Asia

Specialised Finance credit officers

MTCR Risk Managers

External

Economic and Industry Associations

The Group's external Auditors and Consultants

Counterparts in major financial institutions

Auditors/Government regulators.

Other Responsibilities

Embed Here for good and Group's brand and values in SG/ASEAN Credit team.Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures. Portfolio coverage- role could be for Singapore corporate portfolio or ASEAN regional corporate portfolio.
Our Ideal Candidate

• Market knowledge: 10+ years of experience in the banking industry including demonstrated success in a similar role
• 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 Requirements: Awareness and understanding of the regulatory framework in which the firm operated and the regulatory requirements and expectations relevant to the role.

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