Manager, Credit Initiation

Standard Chartered; New Jersey; Hybrid; USD 80,000 - 110,000; Full time

Benefits offered by this job

Flexible working options

Wellbeing support through Unmind

Continuous learning culture

Inclusive workplace

Job summary

Standard Chartered in New Jersey is seeking a skilled credit professional to appraise and approve lending facilities within delegated authority while ensuring compliance with Credit Policies and regulatory standards.

You will manage the day-to-day credit decisioning queue to meet turnaround times, exercise independent judgment to maintain portfolio quality, support collections onshore, and drive process improvements with stakeholders.

Qualifications

• Ability to apply credit policies and standards to lending applications.
• Strong judgment and independence in credit decisions.
• Ability to meet established processing turn-around times.

Responsibilities

• Appraising and approving lending facilities within delegated authority.
• Ensuring compliance with Credit Policies, standards and regulatory requirements.
• Processing and approving facilities within delegated authority and supporting those outside the authority.
• Managing the credit decisioning queue for timely processing and escalation as needed.
• Identifying weaknesses, risks and opportunities for process improvement in the credit process.
• Ensuring application processing meets set turn-around times.
• Exercise diligence and good judgement to maintain portfolio quality with minimal delinquency.
• Provide onshore support for Credit Collections activities.
• Assist with inputs for developing risk operating models and strategic agenda.
• Monitor and control risks, efficiency, effectiveness and quality of WRB Risk operations.
• Propose and implement initiatives for standardization and automation.

Job description

• Appraising and approval of applications for lending facilities falling within delegated authority.
• Ensuring that Credit Policies and standards and other relevant Group/Regulatory policies/standards/stipulations are complied with and that all applications received are subject to these and the established processes and rules.
• Processing and approval of lending facilities falling within delegated authority and supporting those outside the authority.
• Managing the day-to-day operations of credit decisioning queue for timely processing (including escalation where required) to ensure effectiveness and efficiency.
• Identifying areas of weaknesses, risks and process improvement opportunities in the credit process and timely escalations to Manager and/or relevant stakeholders.
• Ensure application processing is within the set turn-around timeframes.
• Exercise diligence, independence and good judgement in credit decision that will ensure quality portfolio with minimum delinquency and LI.
• Provide onshore support for Credit Collections related activities
• Any other duties assigned from time to time subject to no conflict with Credit authority policies.
• Assist to provide inputs for developing risk operational model and shaping strategic agenda.
• Responsible to ensure proper monitoring and control of risks, efficiency, effectiveness and quality of WRB Risk operations.
• Propose and deliver initiatives on
• Standardization of activities
• Automation of processes / activities
• Work closely with stakeholders to ensure that end to end processes works seamlessly, efficiently and effectively.

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.