Analyst, Stressed Asset Grop
Standard Chartered
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Job summary
Standard Chartered Plc seeks an experienced finance professional to join the Stressed Asset Group within CCIB. The role focuses on asset management of complex exposures, IFRS 9 provisioning, valuation, and risk mitigation strategies to improve RoTE and liquidity.
You'll work with Risk, FM/GCM teams, and senior stakeholders to implement policy, manage down stressed assets, and enhance data capture for modelling. Flexible working and cross-border collaboration are offered.
Qualifications
- Graduate qualifications such as MBA, CFA, Chartered Accountancy, Mathematics/Statistics or equivalent professional qualifications.
- 2 to 10 years of relevant experience in banking/financial services with underwriting, restructuring, or credit risk management.
- Strong knowledge of credit risk, legal risks, asset distribution and balance sheet management.
Responsibilities
- Asset management of complex and large exposures requiring corporate finance input.
- Assist Head SAG and ED SSA in management of assets to be risk mitigated (novate/assign/risk participate) and servicing where appropriate.
- Assist SAG leadership in valuation function and IFRS 9 provision requirements.
- Develop enterprise valuations for material exposures and advise on structuring of new money requests or debt/equity swaps.
- Manage asset disposal reviews and maximize recoveries while minimizing risks.
Skills
Education
Job description
Assist Head SAG, CPM implement the strategy for CPM as it relates to management of stressed exposures across CCIB globally. Stressed exposures to include legacy CG 13 to CG 14 exposure to be managed by Stressed Asset Group, all new CG 13 and CG 14 exposures effective 1 January 2022, and any other exposure(s) across the CCIB balance sheet with imminent signs of impending stress. Ensure adherence to CPM business conduct framework in implementing this strategy.
Reinforce the principle of first line ownership of risk in managing emerging risks in the CCIB portfolio, ensure timely detection and mitigation of such emergent risk, and collaborate with Risk, and FM/GCM teams in managing down the overall stressed asset portfolio aimed at improving the overall RoTE for CCIB and the Group.
Providing transparency on the cost and risk of any mitigation action, and on the underlying decision making process as they relate to the stressed asset portfolio. Work towards optimisation of RWA and liquidity in the legacy stressed asset portfolio as a priority and ensure appropriate data capture/ data management that can feed into and improve CCIB’s data/ credit modelling regimes.
Primary Role
Asset management of complex and large exposures requiring corporate finance input
Assist Head SAG, and ED SSA with management of assets to be risk mitigated (novate/ assign/ risk participate) and where appropriate, servicing of these
Assist Head SAG, and ED SSA in management of SAG’s enterprise valuation function, producing valuations for the purposes of determining and implementing account strategy, and determining IFRS 9 provision requirements
Purpose
To assist Head SAG , and Ed SSA with management of all impaired accounts and other accounts specifically assigned to SSA to ensure:
Risks are properly assessed / identified and impairment considered as appropriate
Account objectives, strategies and action plans are formulated, agreed and adhered to
Carry out Enterprise Valuations for material accounts
Provide advice around structuring of new money requests or debt equity swaps
Manage asset disposal reviews and sales
Minimize risks, prevent losses and maximize recoveries
Working closely with GCM and FM Sales to direct and manage the sale processes of stressed exposures including identification, assessment, monitoring and management of accounts that should be exited to the market
Develop relationships with special situation investors, private equity and credit funds as well as distressed debt traders to enable development of appropriate sell down strategies working alongside GCM and FM Sales teams
Prepare full enterprise valuation assessments of material exposures in the stressed assets portfolio
Ensure that the Group's risk arising from litigation, environmental claims, regulatory censure or potential reputational loss in regard to the accounts being managed are minimised
Develop a culture which understands and evaluates the constant tradeoffs between new business, risk and capital deployment
Help improve efficiency, speed, and productivity of capital specifically for stressed asset portfolio and for broader CCIB balance sheet
Reinforce first-line ownership of risk and origination discipline/ Risk Management
Working together with Head SAG, and ED SSA ensure business is carried out within the Group’s risk appetite and reputational and credit risks are appropriately managed
Help communicate use of capital metrics (Liquidity and RWA efficiency/ RoTE), where applicable, for stressed assets so that they can be easily communicated to the front line when evaluating mitigation actions
Ensure that Risk Management matters that are brought to the job-holder’s attention are subject to direct remedial action and/or escalated, where appropriate to relevant committees
Reduce P&L volatility while managing returns:
Drive continuous improvement of the operational efficiency and effectiveness of the process to increase the consistency of global systems and processes. This should enhance the business experience by process simplification and ease of doing business which is not limited to origination, credit and distribution
Processes
Work with the team to support & manage where applicable CPM processes allocated to the CEO, CCIB by the Group process universe in line with the ORF and their associated risks, including activities within the processes which are hubbed or outsourced
Execute the implementation of policies & control standards set by risk control owners and policy owners where appropriate. Ensuring compliance and operating within risk tolerance and risk appetite. Contribute to the adequacy and effectiveness of the systems, controls and procedures relating to Stressed Asset Group and CPM at large, that they are regularly and independently tested, assessed and improved in a timely manner
Drive continuous improvement of the operational efficiency and effectiveness of processes to increase the consistency of global systems and processes. This should enhance the business experience by process simplification and ease of doing business which is not limited to origination, credit and distribution
Risk Management
Ensure there are appropriate frameworks in place so that the Structured Solutions & Advisory business within Stressed Asset Group business is carried out within the Group’s risk appetite and reputational and credit risks are appropriately managed in conjunction with direct reports and other stakeholders
Ensure compliance with the highest standards of regulatory conduct and compliance standards and practices as defined by internal and external requirements. This includes compliance with anti-money laundering regulations and guidelines
Ensure any audit and compliance issues relating to Structured Solutions & Advisory business within Stressed Asset Group business are resolved in a timely manner
Ensure that Risk Management matters that are brought to the job-holder’s attention are subject to direct remedial action and/or escalated, where appropriate to relevant risk committees
Governance
Accountable for escalation to CPMMT and other Group governance committees or to stakeholders in senior management, risk or control functions as appropriate
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, elevate, mitigate and resolve risk, conduct and compliance matters.
Key stakeholders
Internal: Major internal stakeholders:
Global Head, and regional Heads of Stressed Asset Risk
CPM Regional Heads
Regional Heads for FM Sales and GCM teams include Head PAM GCM
Technical Accounting
Group Legal
Group Compliance
Group Tax
External:
Investors: special situation investors, private equity and credit funds, distressed debt traders Counterparts in major financial institutions including in the restructuring teams
The Group's external auditors
External advisors including legal advisors and restructuring advisors
Other Responsibilities
Promote the Group’s brand with clients, stakeholders and regulators
Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures
Financial Analysis
Financial Statement analysis
Business markets
Capital management
Commercial Loan review
Portfolio Management
Financial Products and Markets
Asset and Liability Management (ALM)
Legal analysis
Education
Graduate qualifications (or conversions): Post-Graduate qualifications such as MBA, CFA, Chartered Accountancy, Mathematics/ Statistics, Qualified Lawyer
Training
Over 2 to 10 years (Analyst to Director) of relevant experience in the banking and financial services industry with hands on experience of underwriting, managing, and recovering credit exposures across both developing and developed jurisdictions
Good knowledge of fundamental drivers of credit risk, documentary and legal risks, portfolio, and balance sheet management; including market and regulatory dynamics
Good experience in structuring credit risk products, restructuring of credit exposures, asset distribution, and exposure to credit derivatives and asset securitisation
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 thingand 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
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-offincluding 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 workingoptions based around home and office locations, with flexible working patterns.
- Proactive wellbeing supportthrough 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 cultureto 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.
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