Sr Mgr, Portfolio Management, Wealth Lending Risk - Singapore - Standard Chartered

Standard Chartered

Verified Company

Singapore

4 weeks ago

Posted by:

Wei Jie

beBee Recruiter

Description

Job:
Governance, Risk Management & Compliance

Primary Location:
Asia-Singapore-Singapore

Schedule:
Full-time

Employee Status:
Permanent

Posting Date: 17/Jul/2023, 1:18:24 AM

Unposting Date:
Ongoing

Role Responsibilities

To uphold the integrity of Wealth Lending (PvB &PrB) risk/return decisions, and in particular for ensuring that risks are properly assessed (including product approvals and LTV assessment) and are controlled in accordance with the Group's standards and its Risk Appetite
To ensure the Risk Management Framework is effectively communicated and implemented across Wealth Lending (PvB & PrB) and for administering related governance and reporting processes related to Capital Markets Products & Solutions (CMPS) products.
To ensure that there is a robust process for assigning and monitoring LTVs across all CMPS products and implement the LTV policy in all PvB/WM locations.
To provide risk oversight over all CMPS product approvals, expansion of product suite and related system enhancements
To have risk oversight over credit related operations processes in the Wealth Lending business

Business

Partner with the business on strategic initiatives
Appraise and contribute to the development of CMPS business/product review through active participation in proceedings relevant working groups

Processes

Ensure oversight over processes in place in WML to maintain adherence to the LTV policy
Risk representative for credit related operations processes and related systems enhancement in WML.
Ensure that material risk exposures and related issues are reported to the responsible governance committees.
Continuously improve the operational efficiency and effectiveness of risk management processes

People & Talent

Uphold and reinforce the independence of the Risk function from those whose primary responsibility is to maximize shortterm revenues and profits
Coach and mentor team members
Conduct training sessions for Relationship Managers related to LTV methodology, systems and processes

Risk Management

Assist the Head of Credit Risk Management WML & Head PMG in implementing the overall Risk Management Framework for Wealth Management
Assignment of standard Loan to Values (LTV) across all CMPS products (bonds, equities, structured products and derivatives). Assign nonstandard LTVs after suitable risk assessment and provide input to country Wealth Lending risk teams for assignment of client specific LTVs
Ensure that all LTVs in Wealth Lending (PvB&PrB) have PMG oversight and are assigned and reviewed on a periodic basis
In coordination with the Head of Credit Risk Management WML & Head PMG, create appropriate response to material events or other risk issues that come to the CRO's attention
Provide risk input for CMPS related Product Approval documents
Evaluate products for distribution by CMPS across all asset classes as member of the relevant Product Approval Groups.
Provide risk oversight over expansion of product suite and related system enhancements for CMPS products
Ensure risk identification, measurement and modelling capabilities for Wealth Lending are objective, consistent, and compliant with applicable regulations
Ensure that material risk exposures and related issues are reported to the responsible governance committees
Define criteria for evaluation of providers and products for distribution by PvB and Priority businesses.
Act as primary point of contact for and maintain Operational Risk processes covering Wealth Lending Credit Risk
Group residual risk rating recommendation and approval
Challenge the completeness of risk control activities across Operational Risk Control Areas and identify and address any significant gaps that may exist between them
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

Governance

Assist the Head of Credit Risk Management WML & Head PMG in implementing the overall Risk Management Framework for Wealth Management

and Private Banking

Actively participate in applicable program steering committees and product approval groups
Develop standardized MIS across all locations to capture and monitor portfolio KPIs (including risk appetite metrics)
Manage control and governance framework through monitoring of CSTs.

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 co