Senior Credit Manager - Singapore - Standard Chartered

Standard Chartered

Verified Company

Singapore

1 week ago

Posted by:

Wei Jie

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Description

Job:
Governance, Risk Management & Compliance

Primary Location:
Asia-Singapore-Singapore

Schedule:
Full-time

Employee Status:
Permanent

Posting Date: 08/Apr/2024, 11:30:31 PM

Unposting Date: 09/May/2024, 1:29:00 PM

The Role Responsibilities

SMF - CCO CCIB Singapore

Second line of defence responsibilities
As SCM (Corporate & Institutional Banking and Commercial Banking), I am responsible for the second line of defence responsibilities related to Credit Risk for Singapore which involves oversight and challenge of risk management actions from the First Line, including the following:

Support development and maintenance of the CCIB SINGAPORE 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 CCIB SINGAPORE.
Monitor compliance to Board approved Credit Risk Appetite (as applicable to 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 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

FCA 1
Responsibility for wholesale lending decisions

Strategy

Plan development of risk parameters for CCIB SINGAPORE 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 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 maximise shortterm revenues and profits

Risk Management

Assess the credit risk profile of the Corporate & Institutional and Commercial banking 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 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 only businesses in SINGAPORE.
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 businesslevel 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