The Role Responsibilities
This is a Country role within SAR. It carries responsibilities and accountability under Credit Risk for the direction, governance and management of all problem accounts (CG13-CG14) and other accounts specifically assigned to SAR to reduce the potential and actual impact on the Group’s balance sheet and profit and loss accounts.
Strategy
-
Challenge and approve impairment forecasts developed by First Line based upon a balanced judgement on the external environment.
-
Align strategy of the First Line to the overall Risk function risk appetite and work with First Line in overseeing its execution of strategy in respective regions
-
Maintain and develop capabilities and skills to meet ongoing SAR business needs and plans
Processes
-
Ensure effective management of the operational risks within SAR and compliance with applicable internal policies and external laws and regulations
-
Continuously improve the operational efficiency and effectiveness of SAR risk management processes
People and Talent
-
Lead through example and build the appropriate culture and values. The Senior Manager has to set the tone and the expectations when interacting with the businesses and work in collaboration with the Risk partners.
Risk Management
-
Determine the appropriate credit risk grade and provisioning on all SAR assets
-
Ensure that material impairments and related issues are reported to Line Manager and relevant regional risk governance committees.
-
Manage SAR assets together with First Line to optimise the Group’s risk and return profile
-
Work with First Line to negotiate on behalf of the Bank in the most complex and difficult work out situations
-
Work with First Line to ensure that the Group's risk arising from litigation, environmental claims, regulatory censure or potential reputational loss in regard to Early Alert Accounts and impaired accounts are minimised.
-
Assign authorities to suitably named individuals in line with their skills and judgement
-
Review reports to senior management, performance and risk committees on significant matters relating to the SAR portfolio
-
Provide feedback to First Line regarding improvements in credit origination, documentation or early problem recognition
General Management
-
Maintain and develop SAR capabilities, skills and infrastructure to meet ongoing business needs and plans
-
Continuously improve the operational efficiency and effectiveness of SAR processes
-
Ensure effective management of operational risks within the SAR function and compliance with applicable internal policies and external laws and regulations
Governance
-
Maintain an efficient and effective governance structure for senior management risk oversight
-
Maintain an open and cooperative relationship in dealings with regulators
-
Ensure that material impairments and related issues are reported to the responsible senior managers and risk governance committees
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.
-
Ensure that the Regulatory requirements of the Central Bank are complied with at all times
Key Stakeholders
Internal
-
Relationship Managers of the Business units.
-
Chief Credit Officers and Senior Credit Officers
-
Credit Risk Control
-
Finance
-
Legal and Compliance
-
Corporate Affairs.
External
-
External Auditors.
-
Legal and Accounting firms
-
Regulators
Our Ideal Candidate
-
Academic qualification in the form of a Degree.