Head, Portfolio Risk Management

Roles & Responsibilities

Job Summary

• This role could be based in Singapore, Hong Kong and India. When you start the application process you will be presented with a drop down menu showing all countries, Please ensure that you select a country where the role is based.

Responsibilities

Strategy

• Derive and implement business operating strategy to bring the most effective and efficient operating model from resource optimisation and cost effectiveness.
• Help defining the target risk appetite boundaries for WRB in collaboration with respective segment risk heads to shape up portfolio and characteristics that would maximize return on capital within acceptable risk tolerance/loss volatility.
• Responsible for Corporate Plan process for WRB Risk including the forward looking five years impairment projection by market and product and drive the critical business decisions to optimise the book and shape.
• Collaborate with rest of group functions, direct and support country business and credit teams to implement agreed strategies.
• Management Information standards, data strategy, Portfolio Quality Review, and data quality management framework for the WRB Credit risk.
• Participate in cross-cutting bank-wide data strategies to source, transform and enable data for risk management, including alternate data.
• Collaborate with rest of group functions, direct and support country business and credit teams to implement agreed strategies.

Business

• Help aligning strategy of the segment risk functions with risk appetite and tolerance and oversee its execution.
• Derive IFRS9 based ECL understanding to broader risk and business teams and develop a workable operating model for pre-emptive risk management and corresponding ECL provisions, including overlays.
• Engage regional stakeholders towards furthering impairment /ECL agenda and help them execute strategies that result in demonstrated improvement in overall risk management.
• Manage the key business information requirement required to run an effective risk organisation.
• Support and derive high quality data model and flow to all main risk use-cases including ad-hoc stress-testing, model development, review and monitoring, and critical business reports.
• Own information flow from the shared services to ensure timely, accurate and meaningful reports to enable appropriate risk management.

​​​​​​Transformation & Innovation

• Be the key point person for the various transformation initiative across the bank involving WRB Risk, including technology, org design or others.
• Participate / lead other innovation related to risk management & assurance within 1 & 2LOD.
• Work with TTO (WRB and Risk) and primary contact for WRB risk for matters related to data, systems, tech and transformation

Processes

• Manage process standards for Credit MI Standards to ensure the standards aligns with the agreed risk appetite, reflects the key risk characteristics of the portfolio, and enables effective controls
• Manage impairment forecast and reporting process for countries, regions and segments, Provide adequate support to the CCHs, CCO and Group CRM & Collection Heads for impairment and ECL related information.
• Manage productivity and expense management process, reporting and participation to key forums.
• 2nd LOD role for Group Stress Testing to perform review and challenge on Basis of preparation, methodology review, model reviews and overall support to the process.

People & Talent

• Employ, engage and retain high quality people.
• 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 Function from those whose primary responsibility is to maximise short-term revenues and profits.
• Ensure the provision of ongoing training and development of the Function's people and ensure that holders of all critical functions are suitably skilled and qualified for their roles.

Risk Management

• Performance Management and Portfolio Review
• Responsible for managing the loan impairment (LI) forecast for WRB Credit Risk.
• Coordinate the Corporate Plan process and forecast cycle for WRB Credit risk in line with emerging trends.
• Responsible for overall tracking of expenses and cost forecast for WRB Credit Risk.
• Manage overall IFRS9 based ECL for the Group WRB Credit Risk. This includes overall framework, business lead and broader leadership on the subject. Responsible for Group wide methodology reviews and change management from business side
• Ensure WRB Risk requirement are covered in broader risk and WRB strategic plans, including for alternate data.

Governance

• Manage process standards for Management Information to ensure the standards aligns with the agreed risk appetite, reflects the key risk characteristics of the portfolio, and enables effective controls.
• Manage WRB Shared services vertical to ensure high quality agreed reporting and data support to markets and Group as per the defined service level agreements.
• Own Risk Data, data aggregation logics, critical data element and the key definitions for WRB Risk (in consultation with key stakeholders).
• Responsible to get an agreement on finite set of data variable and drive appropriate data flow to various use-cases.

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.
• Overall accountability for monitoring compliance with the Prudential Compliance Framework Lines of regulation for which I am accountable. This includes ensuring that all relevant line requirements have documented effective controls and assurance methods within the PCF registers, these are embedded within their respective policies, standards and processes and escalating PCF breaches as per the PCF governance.

Key Stakeholders

• WRB Risk Leadership Team
• WRB Performance Management Team, WRB finance
• Global Head Risk Reporting and Risk Appetite
• Global Segment Heads, WRB
• Cluster and Countries
• CFO, Credit Heads, WRB Heads
• External & Internal Auditors

Other Responsibilities

• Embed Here for good and Group's brand and values in Global WRB Credit Risk
• Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.

Our Ideal Candidate

• 12+ years of experience in the financial services space in credit risk management
• Experience in Wealth & Retail Banking (WRB) is a plus
• Strong experience in MIS, data management
• Bachelor’s university degree in finance, business or Economics
• ACRM training is a good to have

Role Specific Technical Competencies

• Risk Management - Retail and Private Banking Credit Risk
• Risk management Operational Risk
• Business Acumen
• Strategy-Data insight and analysis
• Risk – Communication and Influencing Skills
• Business Partnering

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.

Tell employers what skills you have

PCF
Charter
Assertive
Credit Risk Management
Tolerance
Job Descriptions
Risk Management
Service Level
Data Governance
Life Insurance
Mental Health
Wellbeing
Stress Testing
Senior Stakeholder Management
Retirement
Oral & Written Communication Skills
Data Strategy
MIS

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