Head - Wealth Lending, Group CMPS (Singapore, Hong Kong, UAE)

Roles & Responsibilities

JOB SUMMARY

• This role could be based in Singapore, Hong Kong and UAE.
• The Global and Singapore Head of Wealth Lending and Leverage Solutions is responsible for supporting the Wealth client proposition.
• The incumbent will be responsible for design, development and access for all Wealth Management (WM) lending and leveraged solutions for the relevant client segments viz. Private, Commercial and Retail Banking.
• The primary purpose of the role is to achieve WM’s financial budget on secured lending and to expand market share in this category for Wealth Management solutions.
• The incumbent will be working closely with WM Product Heads in conjunction with the respective Country CMPS team, Wealth Solutions Team (WS), Risk, to deliver Wealth lending and leveraged solutions to achieve enhanced returns and/or improved liquidity for the client.
• The incumbent will focus Continuous development and building of the Wealth solutions (WS) secured lending platform and business to be at par or surpass the competition. This will include thinking beyond the restrictions of current offerings, distribution channels and to develop opportunities across segments.
• Achieve ‘best in class’ position for WS secured lending products using existing licensing, distribution channels and the Bank’s franchise.
• Have strong risk governance oversight on all WS secured lending activities across segments and geographies. This will include developing policies and global standards in processes, documentation and controls with a view to substantially scale up the business in an operationally robust environment.
• Responsible for the timely completion of the various WS secured lending platform initiatives and projects.
• Work with Group Technology to improve existing platforms and to ensure that business issues in the Book of Work are addressed.

RESPONSIBILITIES

Strategy

• Build WM lending business to be at par or surpass the competition.
• Drive Client centric culture through system innovation or/and process improvement and policy enhancement, to turn business requirements into innovative solutions.
• Promote consistency, standardization, simplification and improving delivery times.
• Provide timely support to Country WM teams in the delivery of product capabilities by providing strategic advice to Country WM teams in the development of their product plans
• Assume Thought Leadership on all facets of WM Lending activities and to work closely with relevant support functions and stakeholders.

Business

• Deliver Global and Singapore WML Lending revenue and loan outstanding targets
• Identify business opportunities to increase penetration (ENR % AUM) of the existing on us AUM in both Private Banking and Retail Banking

Processes

• Continuously evaluate the adequacy of the process design for WM lending and strengthen them where necessary

People & Talent

• Support the training needs of Relationship Managers and clients, by developing appropriate training materials
• Support diversity and influence employment, engagement and retain high quality people

Risk Management

• Ensure a strong product governance and risk management frameworks
• Embed appropriate conduct culture in the WM lending including personal end-to-end accountability.
• Enhance the Wealth Lending suitability framework, which include protecting client interests by ensuring only suitable products are approved for distribution.
• Ensure major risks are identified, logged on a timely basis and remediation plans are in place for all identified risk gaps.

Governance

• Maintain a strong governance oversight on all WM Lending activities across segments and geographies. This will include developing policies and global standards in processes, documentation and controls with a view to substantially scale up the business in an operationally robust environment.
• Review and maintenance of WM lending PPG
• Review CAs to WM Lending PPG and program proposals for new and existing products submitted by business units / countries for approval, ensuring all risk dynamics are properly addressed and managed.
• Proactively refresh assurance and controls to address any identified gaps
• Regularly review audit reports and identify any key risk trends or issues related to WM lending portfolio

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.
• Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
• Lead the Wealth Lending 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.

Key Stakeholders

• Global Head, WS, Deposits and Mortgages
• Global Head - CMPS
• Singapore – Wealth Head
• Global Head, Affluent and Private Banking
• Regional WM Heads
• Group Product Managers
• Global Digital Head - CMPS

Our Ideal Candidate

• 10+ years of banking experience
• Prior experience of managing Compliance & Regulatory Relationships
• Product Knowledge – Structured Derivative Notes & Swaps

Role Specific Technical Competencies

• Compliance – Managing Regulatory Relationships
• Risk Management - Retail and Private Banking Credit Risk
• Risk Management – Operational
• Wealth Lending Product
• Business – Products and Processes
• Fixed Income Analysis
• Forwards & Futures – Hedging
• Products – Credit Derivatives, Foreign Exchange, Structured Derivative Notes & 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 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

Tell employers what skills you have

Licensing
Charter
Assertive
Hedging
Risk Governance
Risk Management
Strategy
Credit Derivatives
Life Insurance
Deposits
Mental Health
Foreign Exchange
Wellbeing
Fixed Income
Senior Stakeholder Management
Retirement
Oral & Written Communication Skills

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