Head, Ccr Commodities and Trm Asean - Singapore - Standard Chartered

Standard Chartered

Verified Company

Singapore

1 week ago

Posted by:

Wei Jie

beBee Recruiter

Description

Job:
Risk

Primary Location:
Asia-Singapore-Singapore

Schedule:
Full-time

Employee Status:
Permanent

Posting Date: 13/Mar/2023, 4:27:06 AM

Unposting Date:
Ongoing

Role Responsibilities
SMR Responsibilities delegation - In line with agreed cascades of GCRO SMR sub responsibilities to RMT and other delegates.

SMF - Second line of defence responsibilities
As Head, CCR Commodities and TRM ASEAN, I am responsible for the 2LOD responsibilities related to CCR, Commodities and Traded Risk for the ASEAN Financial Markets ("FM") and Treasury businesses which involves oversight and challenge of risk management actions from the 1LOD, including the following:

Ensure the effectiveness of the Traded Risk Appetite statements and metrics.
Drive continuous enhancement to the Traded Risk Type Framework ("TRTF") to capture emerging risks and enable the Group strategy.
Own issues adversely impacting the effectiveness of the TRTF in ASEAN, and partner with the relevant stakeholders to find solutions.
Provide independent oversight and challenge of all Financial Market's Commodities business activities.
Assist Global Head of CCR to build up commodities expertise within the CCR function.
Ensure that the quality of the CCR Commodities and ASEAN portfolios be maintained within acceptable parameters and escalate significant risks to the Senior Management and Committees.
Strategize and plan for the operating model required to deliver the long term Group strategy.

Strategy

Uphold the integrity of risk decisions by ensuring that risks are properly assessed, captured, monitored and constrained in accordance with the Group's Risk Appetite framework and other portfolio limits relevant to the FM and Treasury businesses in ASEAN.
Plan development of risk parameters for FM Commodities and ASEAN businesses to support the Group strategy, in accordance with the Traded Risk Appetite framework, policies and standards.
Ensure that the TRTF is effectively communicated and embedded across FM Commodities and ASEAN.
Prepare the CCR Commodities and TRM ASEAM teams for the structural changes needed to manage prudently the risk while enabling the Group to reach its objectives.

Business

Appraise and help develop the Bank's strategic plans and alignment with risk appetite by providing continuous feedback to the Group Chief Risk Officer's Management Team and other executive risk forums relevant for ASEAN and for FM Commodities.
Engage all stakeholders to raise awareness of financial markets or productspecific risks and how these are managed by TRM and Credit Risk.
Partner with the relevant stakeholders to tackle difficult cross functional issues.

Processes

Supervise all processes owned by the Direct reports or Matrix reports such as:
Management of operational risks within the Function.
Compliance with applicable internal policies, external laws and regulations.
Critical review of the controls exercised by the Function.
Review and approval of the remediation plans required to address operational gaps.

People & Talent

Establish clear performance criteria, provide regular feedback and ensure fair rewards in light of individual performance for team members.
Attract, develop and retain high quality people.
Ensure that holders of all critical functions are suitably skilled and qualified for their roles.
Encourage continuous training and personal development of the team members.
Uphold and reinforce the independence of TRM from the 1LOD.
Lead by example and build the appropriate culture and values within CCR Commodities and TRM in ASEAN.
Ensure succession planning in the team.

Risk Management

Risk Governance

Ensure that material traded, credit and operational risks are reported to the relevant committees and governance forums.
Maintain an open and cooperative relationship with regulators and auditors.
Ensure global and regional business and product heads and all Risk Framework Owners understand and accept their risk management responsibilities through FM's local and regional committees.
Keep abreast with the latest development impacting the FM and Treasury businesses from a risk and capital perspective.
Ensure effective mechanisms are in place to assign Risk authorities in TRM to suitable individuals.
Ensure appropriate judgement is applied in the discharge of risk authorities.

Risk Appetite

Uphold the integrity of risk/return decisions, by challenging business and control function heads to ensure that risk origination and control decisions are properly informed and consistent with strategy and risk appetite.
Ensure that meaningful stress tests, portfolio limits or other constraining parameters are in place.
Be alert to significant market movement or material events and provide timely analysis and recommended actions.

Risk Framework Ownership of Traded, Credit and Operational Risk