Governance, Risk Management

Overview
Job holder is 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. Jobholder, 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.
Wholesale lending decision responsibilities
Being responsible for final credit decision for wholesale lending facilities pertaining to CIB Singapore.
Key Responsibilities
To assist SCO Singapore to achieve the following:
Ensuring that the quality of Business Credit Applications (BCAs) meets Group standards, particularly with regards to the completeness and depth of risk analysis.
Approving breaches of Portfolio Standards, to the extent permitted by Credit Policy.
Formulating and obtaining approval of Portfolio Standards which is supportive (from credit risk perspective) of the business strategy of various segments.
Ensuring timely submission and accuracy of Singapore credit portfolio data to the Risk Committee. These include, but may not be limited to, the following:
Risk MI reports
All approved exposures in CIB (as required by local regulator Reporting)
Details of approved breaches of Group and Local Credit Policy (including details of mitigating circumstances)
Country Risk exposure
Monitoring compliance with credit policy and Portfolio Standards on a monthly basis at least and reviewing any divergence thereof with the CEO, Client Coverage (CC) Head/Segment Heads to ensure credit quality targets are achieved.
Ensure Early Alert Review (“EAR”) process adhered to and lead monthly EAR discussions.
Ensure compliance to the Operational Risk Framework including the effective application of risk toolkit (self-assessment), KRIs, KCSs, etc) and reporting.
Assess the credit risk profile of the CIB Singapore 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 Senior Credit Manager, CIB Singapore attention.
Exercise risk control responsibility for Credit Risk for CIB Singapore 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
Skills and Experience
Our Ideal Candidate
Experience: 10+ years of relevant corporate credit experience, 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 requirement: awareness and understanding of the regulatory framework in which the firm operates and the regulatory requirements and expectations relevant to the role of Senior Credit Manager
Banking training: Role specific training which are mandatory and developmental
Risk management framework
Core credit curriculum
Role Specific Technical Competencies
Risk Management – Communication and Influencing
About Standard Chartered
We\'re an international