Senior Credit Officer, CIB, SG

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STANDARD CHARTERED BANK (SINGAPORE) LIMITED

STANDARD CHARTERED BANK (SINGAPORE) LIMITED

Senior Credit Officer, CIB, SG

MCF-2024-0637009

MARINA BAY FINANCIAL CENTRE, 8 MARINA BOULEVARD 018981

Permanent, Full Time

Senior Management

10 years exp

Banking and Finance, Risk Management

$17,000 to $27,000 Monthly 11 applications Posted 02 May 2024 Closing on 16 May 2024

· Plan development of risk parameters for CIB SINGAPORE region according to Risk Appetite and Policy Frameworks and documents in portfolio standards.

· Inform the development of business plans with the provision of cost and impairment forecasts and a balanced judgment on the external environment.

· Contribute to the development of performance management and remuneration processes, in order to encourage the development of an appropriate risk culture and discipline.

Business

· Align strategy of the Risk function with business strategy and Risk Appetite and oversee its execution.

· Identify, measure and monitor material risk affecting CIB and SAR portfolios in Singapore in the context of the external market environment.

· Communicate the strategic intent and collective agenda for the Risk function.

· Maintain and develop the risk capabilities, and skills to meet ongoing business needs and plans.

Processes

· Control portfolio within the set risk parameters to ensure risk profile within Risk Appetite.

· Ensure credit approvals are within delegated authorities.

· Supervise all processes where a member of the Risk function is the identified first line process owner.

· Ensure effective management of the operational risks within the Risk function and compliance with applicable internal policies, and external laws and regulations.

· Continuously improve the operational efficiency and effectiveness of the risk management processes.

People & Talent

· Lead through example and build the appropriate culture and values. Set appropriate tone and expectations from their team and work in collaboration with risk and control partners.

· Ensure the provision of ongoing training and development of people and ensure that holders of all critical functions are suitably skilled and qualified for their roles ensuring that they have effective supervision in place to mitigate any risks.

· Employ, engage and retain high quality people, with succession planning for critical roles.

· Responsibility to review team structure/capacity plans.

· Define an organization structure aligned and scaled to the risk control needs of the business.

· 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 Risk function from those whose primary responsibility is to maximise short-term revenues and profits

· Assess the credit risk profile of the CIB SINGAPORE portfolio, 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.

· Ownership of stress test results as accountable executives for Singapore, including providing robust review and challenge and suggesting overlays, where needed.

· Engaging in reverse stress test working groups in a timely manner, provide subject matter expert inputs and verbalise relevant controls and remediation steps, which speak to the identified risks.

· 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 SCO, CIB SINGAPORE’s attention.

· Exercise risk control responsibility for Credit Risk for CIB in Singapore.

· Ensure risk capabilities are objective, consistent and compliant with applicable regulations in Singapore.

· Ensure that material risk exposures and related issues are reported to the responsible governance committees and to Group and business-level committees as appropriate.

· Ensure appropriate judgment is applied in the discharge of risk authorities assigned to the jobholder, taking account of concentration risk across sectors, geographies and markets.

· Design, maintain and effectively communicate risk control parameters across the Business, including policies, control standards, risk exposure limits and other control levers in order to maintain the risk profile in line with the Group's risk appetite.

· Maintain a good understanding of the requirements of key external stakeholders in respect of risk management and ensure these are well understood internally and reflected in internal procedures.

· Obtain assurance regarding the effectiveness of the business controls and compliance with applicable laws & regulations.

· As designated CIB Credit Risk Framework Owner of Singapore, perform the roles and discharge the responsibilities as required under Enterprise Risk Management Framework.

· Maintain delegated authorities in line with internal policies and ensure that delegations are in line with individual capabilities.

· Actively participate in key committees through standing membership.

· Ensure first line process owners understand and accept their risk management responsibilities.

· Review and challenge ECL results churned by ERA.

Governance

· Prepare and present deep dive papers for SCBSL Hub Board Risk Committee. Deep dives performed cover Singapore and all its subsidiaries including Malaysia, Vietnam and Thailand

· Review presentation decks and present CIB credit risk related slides for Singapore and all its subsidiaries including Malaysia, Vietnam and Thailand in external agencies meetings

· Review presentation decks and present CIB credit risk related slides for Singapore and all its subsidiaries including Malaysia, Vietnam and Thailand to external auditors

· Involve in inspection launched by local regulator and respond to “Request for Information”

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.

· Maintain an open and cooperative relationship in dealings with Local Regulators.

· Identified as Key Control Approver under MAS Notice 643

· Bind by MAS guidelines on Individual Accountability and Conduct (IAC)

· Review responses/submission prepared by IMO/Risk Governance to MAS surveys/returns

Key stakeholders

Internal

· Respective Country CIB Heads and Senior Bankers

· Respective Country Client Coverage Head, Country Segment Heads and Senior Bankers

· Head Group and Country Audit as applicable

· Respective Country / ASEAN Head GSAM

· Respective Country / ASEAN Country Chief Executive Officer

· Respective Country / ASEAN Country Head Legal

· Respective County / ASEAN Country Head Compliance

· Respective Country CROs, Singapore, Malaysia, Vietnam and Thailand

· Respective Country SCOs, Malaysia, Vietnam and Thailand

· Respective Risk Governance Heads, Singapore, Malaysia, Vietnam and Thailand

· Specialised Finance credit officers

External

· Economic and Industry Associations

· The Group’s external Auditors and Consultants

· Counterparts in major financial institutions

Other Responsibilities

· Embed Here for good and Group’s brand and values in CIB Credit Risk SINGAPORE; Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures; Multiple functions (double hats).

Our Ideal Candidate

· 10+ years of experience in the financial services space

· Market knowledge: substantial experience at the highest level in the banking industry, including demonstrated success in a similar role.

· Business strategy and model: sharp business acumen (including ability to assess risk and appropriate levels of return), strong leadership qualities, excellent interpersonal skills and multi-cultural awareness.

· 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 SCO, SINGAPORE.

· Non technical skills: significant relationship management experience- with external stakeholder at the most senior levels, including regulators and rating agencies.

· Banking training: Role specific training which are mandatory and developmental

· Core credit curriculum

· Other training as deemed mandatory by the bank and updated on a periodic basis

Role Specific Technical Competencies

· Process Design & Control

· Market knowledge in the CIB space

About Standard Chartered

We're an international bank, nimble enough to act, big enough for impact. For more than 160 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

· Be 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-off including annual, parental/maternity (20 weeks), sabbatical (12 weeks 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.

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Process Design

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market knowledge

Banking

Risk Appetite and Goal Setting

Regulatory Requirements

Performance Management

regulatory frameworks

Credit Risk

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Singapore Standard Chartered Bank in Singapore is part of an international banking group, with more than 150 years of history in some of the world’s most dynamic markets. Our purpose is to drive commerce and prosperity through our unique diversity, and our heritage and values are expressed in our brand promise, Here for good.

The Bank has a history of over 160 years in Singapore, where we opened our first branch in 1859. In October 1999, we were among the first international banks to receive a Qualifying Full Bank (QFB) licence, an endorsement of the Group’s longstanding commitment to our business in the country.

Singapore is home to the majority of our global business leadership, our technology operations, as well as SC Ventures, our innovation hub. In 2013, the Bank transferred our Singapore Retail and SME businesses to a locally incorporated subsidiary, Standard Chartered Bank (Singapore) Limited (“SCBSL”). And in May 2019, we fully consolidated our business operations in Singapore through the transfer of our Commercial Banking, Corporate & Institutional Banking and Private Banking businesses to SCBSL. SCBSL is one of the highest-rated banks globally: A1/Stable by Moody’s Investor Services, A/Stable by Standard & Poor’s and A+/Stable by Fitch Ratings. In August 2020, we were the first and only bank to be awarded the “Significantly Rooted Foreign Bank” (SRFB) status by the Monetary Authority of Singapore. In December 2020, we were granted enhanced SRFB privileges, in recognition of the significantly higher degree of rootedness exceeding the SRFB baseline criteria.

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