Job ref no.: 2100034572
Standard Chartered Bank

Senior Manager, Stress Assets Risk (SAR) Hong Kong

Standard Chartered Bank

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.

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

More job information
Job ref no. 2100034572
Salary
Job Function
Industry
Employment Term
  • Full-time
Experience
    N/A
Career Level
  • Middle management level
Education
  • Degree