Senior Credit Manager

4 weeks ago

Singapore STANDARD CHARTERED BANK (SINGAPORE) LIMITED Full time
JobSummary

Job holder is responsiblefor the second line of defence responsibilities related to CreditRisk, which involves oversight and challenge of risk managementactions from the First Line, including thefollowing:
  • The Group's EnterpriseRisk Management Framework ("ERMF") with regards to Credit Risk,which sets out the Group's approach to risk management and thecontrol framework within which risks are managed and risk-returntrade-offs are made. Ensure that the relevant first and second lineowners understand and accept their risk managementresponsibilities.
  • The Group's Risk AppetiteFramework, with regards to Credit Risk, which sets out the Group'sappetite to material risk types that it is exposed to. Jobholder,monitor compliance to Board approved risk appetite using the riskinformation report covering principal risk-types Credit Risk; andhighlight significant matters to the attention of senior managementand senior risk committees.
  • Ensure a robusteffectiveness review process for the ERMF with regards to CreditRisk and escalate significant matters and/or gaps in ERMFimplementations to senior management and the relevant Board levelcommittees as relevant.

Wholesale lending decisionresponsibilities

Beingresponsible for final credit decision for wholesale lendingfacilities pertaining to CIBSingapore.

KeyResponsibilities

To assist SCOSingapore to achieve the following:
  • Ensuring that the quality of Business Credit Applications(BCAs) meets Group standards, particularly with regards to thecompleteness and depth of risk analysis.
  • Approving breaches of Portfolio Standards, to the extentpermitted by Credit Policy.
  • Formulating andobtaining approval of Portfolio Standards which is supportive (fromcredit risk perspective) of the business strategy of varioussegments.
  • Ensuring timely submission andaccuracy of Singapore credit portfolio data to the Risk Committee.These
  • include, but may not be limited to, thefollowing:
    • Risk MI reports
    • All approved exposures in CIB (as required by localregulator Reporting)
    • Details of approvedbreaches of Group and Local Credit Policy (including details ofmitigating circumstances)
    • Country Riskexposure
  • Monitoringcompliance with credit policy and Portfolio Standards a monthlybasis at least and reviewing any divergence thereof with the CEO,Client Coverage (CC) Head/Segment Heads to ensure credit qualitytargets are achieved.
  • Ensure Early AlertReview ( " EAR ") process adhered to and lead monthly EARdiscussions.
  • Ensure compliance to theOperational Risk Framework including the effective application ofrisk toolkit (self- assessment), KRIs, KCSs, etc) andreporting.
  • Assess the credit risk profile ofthe CIB Singapore portfolios, maintaining alignment with riskappetite by rebalancing of risks or controls that may be requiredin response to internal and external factors.
  • Initiate stress tests as required by internal andexternal factors and review results and assess theirimplications.
  • Ensure that effective managementresponse plans are in place to respond to extreme but plausiblescenarios.
  • Uphold the integrity of risk/returndecisions, by challenging business to demonstrate that riskorigination and control decisions are properly informed andconsistent with strategy and risk appetite.
  • Direct appropriate response to material events or otherrisk issues that come to Senior Credit Manager, CIB Singaporeattention.
  • Exercise risk controlresponsibility for Credit Risk for CIB Singaporeportfolios.
  • Ensure risk capabilities areobjective, consistent and compliant with applicableregulations.
  • Ensure that material riskexposures and related issues are reported to the responsiblegovernance committees and to Group and business-level committees asappropriate

Skills andExperience

OurIdeal Candidate
  • Experience: 10+ years of relevant corporate creditexperience, including demonstrated success in a similarrole.
  • Risk management and control:demonstrated track record in successful management and ability tomanage risk in geographically dispersed and highly varied productbase. Expertise in process design and control.
  • Regulatory framework and requirement: awareness andunderstanding of the regulatory framework in which the firmoperates and the regulatory requirements and expectations relevantto the role of Senior Credit Manager
  • Bankingtraining: Role specific training which are mandatory anddevelopmental
    • Risk managementframework
    • Core credit curriculum

RoleSpecific Technical Competencies

•Risk - CIB Credit Risk

• Risk Management -Communication and Influencing

• Risk Management- Operational

About StandardChartered

We're an internationalbank, nimble enough to act, big enough for impact. For more than170 years, we've worked to make a positive difference for ourclients, communities, and each other. We question the status quo,love a challenge and enjoy finding new opportunities to grow and dobetter than before. If you're looking for a career with purpose andyou want to work for a bank making a difference, we want to hearfrom you. You can count on us to celebrate your unique talents andwe can't wait to see the talents you can bringus.

Our purpose, to drive commerce andprosperity through our unique diversity, together with our brandpromise, to be here for good are achieved by how we each live ourvalued behaviours. When you work with us, you'll see how we valuedifference and advocate inclusion.

Togetherwe:
  • Do the rightthing and are assertive, challenge one another, andlive with integrity, while putting the client at the heart of whatwe do
  • Neversettle, continuously striving to improve andinnovate, keeping things simple and learning from doing well, andnot so well
  • Are bettertogether, we can be ourselves, be inclusive, seemore good in others, and work collectively to build for the longterm

What weoffer

In line withour Fair Pay Charter, we offer a competitive salaryand benefits to support your mental, physical, financial and socialwellbeing.
  • Core bankfunding for retirement savings, medical and lifeinsurance, with flexible and voluntary benefitsavailable in some locations.
  • Time-off including annualleave, parental/maternity (20 weeks), sabbatical (12 monthsmaximum) and volunteering leave (3 days), along with minimum globalstandards for annual and public holiday, which is combined to 30days minimum.
  • Flexibleworking options based around home and officelocations, with flexible working patterns.
  • Proactive wellbeing supportthrough Unmind, a market-leading digital wellbeing platform,development courses for resilience and other human skills, globalEmployee Assistance Programme, sick leave, mental healthfirst-aiders and all sorts of self-help toolkits
  • A continuous learningculture to support your growth, with opportunitiesto reskill and upskill and access to physical, virtual and digitallearning.
  • Being part of aninclusive and values driven organisation, one thatembraces and celebrates our unique diversity, across our teams,business functions and geographies - everyone feels respected andcan realise their fullpotential.

RecruitmentAssessments

Some of our roles useassessments to help us understand how suitable you are for the roleyou've applied to. If you are invited to take an assessment, thisis great news. It means your application has progressed to animportant stage of our recruitmentprocess.

Visit our careers websitewww.sc.com/careers

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