Senior Credit Manager CRE Risk - Singapore - Standard Chartered Bank Singapore

Description

The Role Responsibilities

SMF 4 - CCO CCIB Singapore

Second line of defence responsibilities

• As SCM (Commercial, Corporate & Institutional Banking and Commercial Real Estate), I am responsible for the second line of defence responsibilities related to Credit Risk for Singapore and relevant countries which involves oversight and challenge of risk management actions from the First Line, including the following:
• Support development and maintenance of the CCIB Singapore (including regional CRE portfolio) Credit Risk Type Framework ('CRTF') which sets out the overall risk management approach for Credit Risk as applicable to CCIB Singapore portfolio
• Support review of adequacy and effectiveness of the Credit Risk Appetite statements and metrics, as applicable to the wider CCIB Singapore.
• Monitor compliance to Board approved Credit Risk Appetite (as applicable to the wider CCIB Singapore using the risk information report and highlight significant matters for the attention of senior management and senior risk committees.
• For Credit risk (pertaining to CCIB Singapore, including regional CRE portfolio), provide independent oversight and challenge of all credit origination activities and approve credit risk exposures proposed by the First Line of Defence based on delegated authorities. Responsible for ensuring that the quality of the portfolio is being maintained within acceptable parameters and for escalating significant risks and issues to the senior Management and senior risk committees as appropriate.
• Provide evidence based annual affirmation to the SCO on the effective management of Credit risk for CCIB Singapore)

Governance framework

• Candidate responsible for Building a culture of good conduct in the Risk function and embedding the Risk Culture statement as described in the ERMF.
• FCA 14 - Responsibility for wholesale lending decisions

Candidate responsible for final credit decisions for wholesale lending facilities pertaining to CCIB SINGAPORE, including regional CRE portfolio. My responsibilities do not extend to the following, which are the responsibility of the relevant Business:

• Completeness and accuracy of the business credit application and capture of critical information required for credit risk measurement and credit analysis.

Strategy

• Plan development of risk parameters for CCIB SINGAPORE, including regional CRE portfolio according to Risk Appetite and Policy Frameworks, sector underwriting standard 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 CCIB and SAR portfolios 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.
• 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.
• Uphold and reinforce the independence of the Risk function from those whose primary responsibility is to maximize short-term revenues and profits

Risk Management

• Assess the credit risk profile of the Commercial, Corporate & Institutional banking, including regional CRE portfolio, maintaining alignment with risk appetite by rebalancing of risks or controls that may be required in response to internal and external factors.
• Perform stress tests and prepare sectorial committee paper as required by internal and external factors and review results and assess their implications.
• 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 CCIB SINGAPORE attention.
• Exercise risk control responsibility for Credit Risk for CCIB, including regional CRE portfolio only businesses in SINGAPORE, and relevant countries.
• Formulate, design support and adherence to both the CRE sectorial and in-country underwriting standards that are aligned with established in-country portfolio standards.
• Ensure risk capabilities are objective, consistent and compliant with applicable regulations.
• 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.
• 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.

Governance

• These activities are covered under the ''risk management' section above. Not applicable.

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.
• To achieve the outcomes set out in the Bank's Conduct Principles Fair Outcomes for Clients Effective Operation of Financial Markets Financial Crime Prevention The Right Environment.
• Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
• Maintain an open and cooperative relationship in dealings with Local Regulators.

Key stakeholders

Internal

• Members of Board Risk Committee
• Members of Group Risk Committee
• Members of Risk Management Team
• Members of the Global Business Management Group
• Group Heads of Control functions
• Group Internal Audit
• Group Operational Risk
• Regional & Country CEOs and Business Heads

External

• Prudential Regulation Authority (PRA)
• Key Footprint Regulators
• The Group's external auditors
• Economic and Industry Associations
• Counterparts in major financial institutions
• Leading Risk Consultancies
• Local governance bodies

Other Responsibilities

• Embed Here for good and Group's brand and values in CCIB Credit Risk Singapore Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures Multiple functions (double hats).

Our Ideal Candidate

• Accounting or finance degree
• 10+ years of relevant experience in Corporate credit including 3+ years in Commercial Real Estate lending.
• Market knowledge: Well versed in the relevant local regulations especially those governing commercial real estate lending in Singapore and its subsidiaries including Malaysia, Thailand and Vietnam.
• 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.
• 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.

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

• Risk management framework
• Core credit curriculum

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

Role Specific Technical Competencies

• Risk Management - C&I Credit Risk(Experience in CRE Financing)
• Risk Management - Operational
• Experience and exposure in Corporate Credit, with CRE lending experience preferred.
• Strong credit assessment and analytical ability.
• Product knowledge: Conversant with CRE lending, Trade and FM products.
• Stakeholder management and communication skills.

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.

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