Job ref no.: 2200011830
Standard Chartered Bank

Associate Director, Stressed Assets Group

Standard Chartered Bank

The Role Responsibilities

Strategy

 

  • Demonstrate thorough understanding of the Problem Accounts Management Standard to deliver the GCNA Stressed Assets Group (SAG) Support Team mandate – provide policy guidance to internal stakeholders, propose & manage clarification requests on end-to-end basis, implement holistic process improvements / automations through proper documentation, and discharge queries / reporting duties efficiently to allow SAG Account Managers to focus on core account management responsibilities.
  • Assist support team head in advancing policy & process discussions arising from self-identification of issues / team feedback.
  • Reinforce first-line ownership of risk and origination discipline / Risk Management
  • Work with frontline teams, broader Credit Portfolio Management team (CPM), Stressed Asset Risk (SAR), and Credit Risk in the designated region to adhere to the tenets of latest CG 12 and CG 13 / 14 Roles & Responsibility documents, and to latest Problem Accounts Management Standards.
  • Ensure material impairment and related issues are promptly reported to Regional Head CPM / Regional or Area Head SAG.
  • Work with frontline teams to ensure that the Group's risk arising from litigation, environmental claims, regulatory censure, or potential reputational loss in regard to stressed assets portfolio are minimized.
  • Provide feedback to frontline teams regarding improvements in credit origination, documentation, or early problem recognition.

Processes

 

  • Ensure: i) risks in SAG processes for problem accounts are adequately managed; ii) all applicable policies, procedures and control requirements are appropriately implemented and monitored; iii) applicable external rules and regulations are complied with, and iv) risks that could be material are identified and escalated timely.
  • Work on automation, troubleshooting and simplification initiatives as part of GCNA SAG Support Team to bring efficiency and facilitate flexible deployment of account management resources within the region.
  • Discharge qualitative reporting duties at HK and GCNA level, including but not limited to:
  • BCBS239 programme
  • Country Risk Information Report
  • Credit Issues Committee paper
  • Recovery indicators
  • Self-assessments (ERMF, HKMA CoBP, HKMA SPM-CR-G6/7/10)

Risk Management

  • Follow and devise appropriate frameworks so that SAG mandate is carried out within the Group’s risk appetite, and reputational and credit risks are appropriately managed in conjunction with other stakeholders.
  • Ensure compliance with the highest standards of regulatory conduct and compliance standards and practices as defined by internal and external requirements. This includes compliance with anti-money laundering regulations and guidelines.
  • Ensure any audit and compliance issues relating to SAG mandate are resolved in a timely manner.
  • Ensure risk management matters that are brought to the job-holder’s attention are subject to direct remedial action and / or escalated, where appropriate to relevant risk committees.

Governance

  • Demonstrate proficiency in identifying key issues, articulate proposed improvement / clarification required with reference to existing policy & procedures, interact with relevant process & risk owners, then agree and track implementation with proper documentation.
  • Accountable for escalation to CPM Management Team and other Group governance committees or to stakeholders in senior management, risk, or control functions as appropriate.

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 compliance matters.

Key Stakeholders

 

  • Internal: HK Local / GCNA Regional – Risk Governance (CRO Office), Operational Risks, Country & Business Finance, Distressed Assets Legal, Compliance, Group Internal Audit, IMO / CLM-Ops, Supply Chain Management, Risk Operations, BCBS239 project office
  • Internal: Group – SAG Policy & Governance, Data Strategy, Risk Transformation, Amadeus replacement PWG
  • External – Bank Auditor, HKMA and relevant local regulator(s) within GCNA region

Other Responsibilities

  • Reinforce the principle of first line ownership of risk in managing emerging risks in the GCNA CCIB banking book.
  • Ensure timely detection and mitigation of emergent risk, and collaborate with Risk, and Financial Markets / Global Credit Markets teams in managing down overall stressed asset portfolio aimed at improving the overall Return over Tangible Equity for the Client Coverage business.
  • Providing transparency on the cost and risk of any mitigation action, and on the underlying decision-making process as they relate to the stressed asset portfolio.
  • Work towards optimisation of RWA and liquidity in the legacy stressed asset portfolio for GCNA.
  • Ensure appropriate data capture / data management that can feed into and improve Client Coverage business’s data and credit modelling regimes.
  • Facilitate alignment with Regional Stressed Assets Risk team and ensure compliance with all Group and local regulatory requirements.

Our Ideal Candidate

  • Good knowledge of fundamental drivers of credit risk, documentary and legal risks, portfolio, and balance sheet management; including market and regulatory dynamics

Apply Now to join the Bank for those with big career ambitions.

More job information
Job ref no. 2200011830
Salary
Job Function
Industry
Employment Term
  • Permanent
  • Full-time
Experience
    N/A
Career Level
  • Middle management level
Education
  • Degree