Associate Director, ESRM WRB

STANDARD CHARTERED BANK; Singapore; On-site; SGD 80,000 - 100,000; Full time

Job summary

A leading international bank in Singapore seeks an Associate Director for Environmental & Social Risk Management. The role focuses on managing environmental and social risks tied to Wealth & Retail Banking transactions, promoting sustainable finance, and advising teams on ESG issues. Ideal candidates possess 5+ years of experience in environmental and social risk and a background in relevant academic fields. The position offers competitive benefits and a chance to grow within a diverse working environment.

Benefits

Competitive salary and benefits

Flexible working options

Continuous learning culture

Wellbeing support programs

Qualifications

• 5+ years of relevant working experience in environmental and/or social risk.
• Experience within the financial sector is a benefit but not essential.
• Strong understanding of international Environmental, Social and Human Rights standards.

Responsibilities

• Managing E&S matters for transactions and clients.
• Undertaking environmental and social due diligence.
• Promoting ESRM activities internally through training.

Skills

Environmental and social risk management

Stakeholder Management

ESG / Climate Risk

Banking / Financial Services Experience

Education

Academic degree in Science, Management, Sustainability, Engineering

Job description

JOB SUMMARY

The Associate Director Environmental & Social Risk Management (“ESRM”) role is to manage environmental and social risk by advising on Wealth & Retail Banking (“WRB”) transactions, client management and specific E&S issues to ensure alignment with the Bank’s referenced environmental and social standards and in line with Bank’s risk appetite. Further to these core functions, to support the development of Sustainable Finance by acting as an E&S technical specialist and providing advice and subject matter expertise as required.

ESRM team members are expected to have broad technical knowledge on position statement sectors as well as a practical working knowledge of key international Environmental, Social and Human Rights standards. The job requires the ability to apply key position statement criteria to clients and transactions to ensure environmental and social (“E&S”) risks and impacts are managed responsibly and in accordance with best practice approaches.

ESRM sits within the Chief Sustainability Office which serves as a centre of excellence on a broad set of ESG topics, providing thought leadership, strategic advice, and transaction support for SCB’s clients.

RESPONSIBILITIES

• Managing E&S matters for referred transactions and clients to ensure financial services (including advisory services) are carried out in compliance with the Bank’s referenced environmental and social standards. This will require but is not limited to:
• Undertaking environmental and social due diligence
• Supporting business teams to define the Bank’s requirements to clients, sponsors, external counsel, partners etc
• Managing the development, promotion and implementation of the Group’s sectoral Position Statements including the creation of ESRM-related assets and digitisation initiatives
• Actively liaising with Frontline and Risk teams across the Group, such as Sustainable Finance, Business Management, Markets, Credit, ESG & Reputational Risk, Business Risk etc to manage existing and emerging E&S risks.
• Consider reputational risk assessments on transactions and clients and liaise with ESG & Reputational Risk to agree classification and appropriate risk acceptance.
• Reporting and monitoring

Strategy

• Promoting ESRM activities and the Bank’s Position Statements internally including through training and workshops with relevant teams in business.

Business

This role works directly with Frontline, Credit Risk and second line teams responsible for clients, transaction, products and services. It includes:

• Managing environmental and social due diligence on transactions, clients and products, which includes liaising with multiple parties including Frontline teams, Compliance, Legal, Credit, ESG & Reputational Risk etc.
• Articulating the Bank’s requirements to clients and supporting Frontline teams to achieve outcomes in line with the Bank’s risk appetite for environmental and social risk.
• Maintaining up‑to‑date subject matter expertise in environmental, social and human rights topics in a range of sectors and geographies and act as a trusted advisor to the Frontline teams and clients.
• Supporting the ongoing development, promotion and implementation of our Position Statements and related underlying environmental and social policies, standards, guidelines and practices.
• Deliver training on E&S‑related matters including Position Statements.

Processes

Work within the existing ESRM and Business Process Universe and associated Policies and Standards. Work closely with the ESRM client portfolio / business management team. Lead the design, implementation and education of staff on policies and procedures in collaboration with Risk, Legal and relevant Frontline teams.

People & Talent

Supporting Training and Capacity Building as required.

Risk Management

Liaising with colleagues in ESG & Reputational Risk, Business and Operational Risk. Consider reputational risk assessments on transactions and clients and liaise with ESG & Reputational Risk to agree classification and appropriate risk acceptance.

Governance

Work within the ESRM and Business governance frameworks. Understand, identify and utilise data in the risk assessment process to provide a holistic view of the Bank’s and clients’ risk profiles. Use available dashboards and interactive reporting tools to monitor E&S risk management.

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

Key stakeholders include: Frontline teams responsible for clients, transaction, products and services, including many at senior level; External parties, including Government Ministries, clients, NGOs; Environmental and Social consultants; ESG & Reputational Risk, Corporate Affairs and Sustainability teams.

Other Responsibilities

Embed Here for good and Group’s brand and values in ESRM. Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.

Our Ideal Candidate

• 5+ years of relevant working experience in the area of environmental and/or social risk, or Industry (as discussed above).
• Experience within the financial sector a benefit but not essential.
• Academic degree in Science, Management, Sustainability, Engineering that is specific to environmental and/or social risk, or specific to Industries (including Metals & Mining, Chemicals, Manufacturing, Agribusiness) or a similar technical/management study;

Role Specific Technical Competencies

• ESG / Climate Risk
• Stakeholder Management
• Banking / Financial Services Experience
• Environmental and Social Risk
• Strategy
• Reporting / Corporate Planning

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

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Visit our careers website www.sc.com/careers