Associate, Central Credit Unit

STANDARD CHARTERED BANK (SINGAPORE) LIMITED; Singapore; On-site; SGD 60,000 - 80,000; Full time

Job summary

An international bank is seeking a highly motivated Desk Analyst in Singapore. The ideal candidate will manage and optimize the desk's financial performance and risk metrics, collaborating closely with global teams. Experience in Credit or Trading functions and strong data analysis skills are preferred. The role offers a chance to make a significant impact in a dynamic environment with numerous growth opportunities.

Benefits

Competitive salary

Flexible working options

Core bank funding for retirement savings

Proactive wellbeing support

Continuous learning culture

Qualifications

• 1+ years of relevant experience in Credit, Trading, or Capital functions.
• Good experience in the banking industry, with success in a similar role.
• Experience in data analysis would be an added advantage.

Responsibilities

• Manage limits and P&L for the desk.
• Support strategic decision-making with data models.
• Conduct credit analysis and risk assessments.

Skills

Business - Market Knowledge

Data Analysis

Excellent interpersonal skills

Multi-cultural awareness

Ability to work with varied stakeholders

Tools

Python

Advanced Excel

PowerPoint

Job description

Job Summary

• We are seeking a highly motivated and detail-oriented Desk Analyst to join our team. The successful candidate will play a critical role in managing and optimizing the desk's financial performance and risk metrics. This role involves close collaboration with global account managers, credit analysts, finance, product control, and risk teams to ensure accurate reporting, effective limits management, and strategic decision-making support.

Strategy

• CIB Markets Credit Trading is the focal point of all credit trading and investments in the Bank. The Central Credit Unit (CCU) is a sub team investing as a buy side participant separate from the sell side activities in Credit Trading. The investments may form part of the Bank’s HQLA and Contingent Liquidity Reserve as well as solving for optimised RoTE and revenue opportunities.

• Awareness and understanding of the strategy and business model of the Group and CCU as appropriate to the role.

Business

• Work to support CCU in developing and executing a strategy for optimal management of the CCU portfolio on a global basis maximising returns and capital efficiency.

• Awareness and understanding of the wider business, economic and market environment in which the Group and CCU operates in.

• Responsibilities include (i) limits management, (ii) RWA management (iii) P&L and RWA forecasting (iv) P&L and Client Income monitoring (v) market risk monitoring (vi) strategic management information creation

Processes

• Responsible for limits management for the desk, including maintaining records, liaising with Global Account Managers (GAMs) and Credit Analysts (CAs), calibrating desk requests and following up on limit asks with relevant stakeholders.

• Responsible for understanding the capital treatment of instruments used by the portfolio, including new positions, calculating Risk Weighted Assets (RWA), ensuring trades meet RoRWA hurdles and helping to manage the capital metrics.

• Responsible for P&L and RWA forecasting for the desk, working closely with Finance to ensure calculations are kept up to date with portfolio changes.

• Responsible for monitoring of Client Income (CI) and other P&L related issues, working closely with Product Control to ensure accurate reporting.

• Responsible for the creation of Strategic Management Information (MI) decks for strategic decision-making support.

• Support the team in overseeing risk metrics, working closely with Risk team

• Develop, validate, and maintain predictive models and quantitative tools to support credit risk management, leveraging statistical techniques and data analysis to enhance decision-making processes.

• Conduct credit analysis and risk assessment of potential and existing names to determine their creditworthiness and financial stability, ensuring compliance with internal policies and regulatory requirements.

• Ensure adherence to all internal and external regulations.

• To embed Operational Risk monitoring as an integral part of the business process. Towards this, to effectively carry out the assigned role, if any, under Compliance Risk Management and Operational Risk Management Assurance.

• Ensure that the business meets its obligations in the prevention of money laundering under the Group Policy and Standards and under local laws and regulations.

• Help ensure that there are appropriate and documented internal controls and procedures in place. Help monitor the operation of such procedures and controls and regularly review them to ensure that they reflect any changes in products, systems, policy and regulations

• Accountable for helping to establish and maintain frameworks to ensure processes are efficient, appropriate and compliant with all internal and external regulations.

People & Talent

• Be part of a transparent and collaborative culture in which incentives are based on support of Client Income with specific performance metrics on the Bank's values.

• To work in partnership with the CCU team to ensure that the CCU product is meeting clients’ and the bank’s objectives

Risk Management

• Responsible for identifying, assessing, monitoring, controlling and mitigating risks to the Group. Also, an awareness and understanding of the main risks facing the Group and manage them.

• Embed operational risk management and reporting as an integral part of the business process.

• Ensure that adequate and appropriate systems and controls are in place to comply with Group and Business policies, procedures, standards and codes.

• Monitor all major risk issues and concentrations. Where appropriate, direct remedial action and/or ensure adequate reporting to Risk Committees

Governance

• Awareness and understanding of the regulatory framework, in which the Group operates, and the regulatory requirements and expectations relevant to the role.

• Promote an environment where compliance with internal control functions and the external regulatory framework is a central priority of the business

• Establish, maintain and supervise the framework to ensure business functions under individual’s area of responsibility comply with internal policies, procedures, codes and applicable external laws and regulations and adhere to the expected high standards set out in the FM Code of Conduct

• Manage the implementation of CCU specific strategies and ensure that performance objectives are met, and e-learnings are completed on time.

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.

• Comply with all applicable laws and regulations across jurisdictions

• Conduct Principles – maintain standards of “Financial Crime Compliance”

Key stakeholders

Internal

• Risk
• Compliance
• COO
• Finance
• Product Control
• Global Account Managers (GAMs)
• Credit Analysts (CAs)
• Credit Solutions and other teams in Credit Trading

External

• As and when necessary

Other Responsibilities

• Support the CCU team in Financial Resource Management for Credit Trading.
• Embed Here for good and Group’s brand and values in Singapore / CIB Markets Credit Trading.

Skills and Experience

• Business - Market Knowledge
• Business – Products and Processes
• FM – Products – Bonds
• FM Products – Fixed Income Analysis
• Financial – Balance Sheet Management
• Data Science

Our Ideal Candidate

• 1 plus years of relevant experience in Credit, Trading or Capital functions.
• Good experience in the banking industry, including demonstrated success in a similar role
• Experience in data analysis would be an added advantage.
• Experience in coding languages would be an added advantage.
• Experience in advanced excel & powerpoint would be an advantage.
• Excellent interpersonal skills and multi-cultural awareness and sensitivity
• Ability to work with geographically dispersed and highly varied stakeholders

Role Specific Technical Competencies

• Credit, Trading or Capital function
• Data Analysis
• Python
• Advanced Excel
• Powerpoint

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. This is the place where 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