Apply for this job now

Senior Credit Officer, International Corporate

Location
Hong Kong
Job Type
Permanent
Posted
8 Sep 2022
Role Responsibilities
Strategy
  • Awareness and understanding of the Group's business strategy and model appropriate to the role.
  • Inform the development of business plans with the provision of cost and impairment forecasts and a balanced judgment on the external environment.
Business
  • Awareness and understanding of the wider business, economic and market environment in which the Group operates
  • Communicate the strategic intent and collective agenda for the Function.
  • Maintain and develop the Function's risk capabilities, and skills to meet ongoing needs and plans
Processes
  • Supervise all processes where a member of the Function is the identified first line process owner.
  • Ensure effective management of the operational risks within the Function and compliance with applicable internal policies, and external laws and regulations.
  • Continuously improve the operational efficiency and effectiveness of the Function's 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.
  • Ensure the provision of ongoing training and development of people, and ensure that holders of all critical functions are suitably skilled and qualified for their roles ensuring that they have effective supervision in place to mitigate any risks.
  • Employ, engage and retain high quality people, with succession planning for critical roles.
  • Responsibility to review team structure/capacity plans.
  • Set and monitor job descriptions and objectives for direct reports and provide feedback and rewards in line with their performance against those responsibilities and objectives.
  • Identification and development of talent pool for Credit Risk function in Hong Kong.
  • Set and monitor job descriptions and objectives for direct reports and provide feedback and rewards in line with their performance against those responsibilities and objectives.
  • Uphold and reinforce the independence of the Function from those whose primary responsibility is to maximise short-term revenues and profits. Ensure the provision of ongoing training and development of the Function's people, and ensure that holders of all critical functions are suitably skilled and qualified for their roles.
  • Lead through example and build the appropriate culture and values within the business and across the wider organization.
Risk Management
  • Responsible for identifying, assessing, monitoring, controlling, and mitigating risks to the Group. Also, an awareness and understanding of the main risks facing the Group and the role the individual plays in managing them
  • the ability to interpret the Group's financial information, identify key issues based on this information and put in place appropriate controls and measures
  • Act as the Credit Risk control owner under the Group's Risk Management Framework (including relevant Operational Risk Framework ownership for credit risk). Ensure a full understanding of the risk and control environment in area of responsibility
  • Ensuring that the quality of Business Credit Applications (BCAs) meets Group standards, particularly with regards to the completeness and depth of risk analysis.
  • Approving breaches of Local Portfolio Standards, to the extent permitted by WB Credit Policy.
  • Formulating and obtaining approval of Portfolio Standards which is supportive (from credit risk perspective) of the business strategy of various segments
  • Ensuring Risk Committee meets on a regular basis to review credit related issues in compliance with Group Policy governing such matters and actively participating on that Committee
  • Ensuring timely submission and accuracy of Hong Kong credit portfolio data to the Risk Committee. These include, but may not be limited to, the following: -
    • Risk MI reports
    • All approved exposures in Hong Kong (as required by local regulator Reporting)
    • Details of approved breaches of Group and Local Credit Policy (including details of mitigating circumstances)
    • Country Risk exposure
  • Monitoring compliance with credit policy and Portfolio Standards a monthly basis at least and reviewing any divergence thereof with the CEO, Client Coverage (CC) Head/Segment Heads to ensure credit quality targets are achieved.
  • Ensure EAR process is adhered to and lead monthly EAR discussions. Assisting relationship managers in identification and managing up or out of accounts exhibiting signs of deterioration and assist Group Special Assets Management, where appropriate, in managing accounts to maximise recoveries and minimise losses.
  • Ensure compliance to the Operational Risk framework including the effective application of risk toolkit (self-assessments, KRIs, KCSs, etc) and reporting.
  • Initiate stress tests as required by internal and external factors and review results and assess their implications
  • 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
  • Direct appropriate response to material events or other risk issues that come to the SCO's attention
  • Exercise risk control responsibility for Credit Risk, Corporate, Institutional and Commercial
  • Ensure that material risk exposures and related issues are reported to the responsible governance committees and to Group and business-level committees as appropriate
  • Ensure appropriate judgement is applied in the discharge of risk authorities assigned to the jobholder
  • Maintain a good understanding of the requirements of key external stakeholders in respect of risk management and ensure these are well understood internally and reflected in internal procedures
  • Maintain delegated authorities in line with internal policies and ensure that delegations are in line with individual capabilities.
  • Actively participate in key committees through standing membership
  • Ensure first line process owners understand and accept their risk management responsibilities
  • Maintain an open and cooperative relationship in dealings with regulators (if applicable)
  • Maintaining credit quality and standards of professionalism for the risk function.
  • Ensure effective implementation of Group Policies / Circulars / Procedures.
  • Actively participate in monthly Regional Credit Issues Forum (RCIF)
  • Undertake regular customer visits to better understand the business environment
Governance
  • Ensure authorities delegated being exercised are properly oversight
  • Attend all risk management and controls 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.
  • Lead the CIB Risk team to achieve the outcomes set out in the Bank's Conduct Principles: Fair Outcomes for Clients; Effective Operation of Financial Markets; Financial Crime Prevention; The Right Environment.
  • Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
Key stakeholders
Internal:
  • In Country Client Coverage Head, Country Segment Heads, Senior BAnkers, Credit / Marketing Group
  • Head, Group Audit (Country)
  • Treasurer (Country and various GM HEad of Sales
  • Head of GSAM (Country and Regional)
  • Chief Executive (Country)
  • Head, Legal Affairs and Compliance (Country)
  • Senior / Regional Credit Officer
  • Display exemplary conduct and live by the Group's Values and Code of Conduct.
External:
  • Executives (including equivalent CRM Units) of other banks
  • Key Corporate and Institutional relationships in Country
  • Members of the legal professionas
  • Directors / Key contacts in the business community
  • Accountants / Consultants
  • Auditors / Government Regulators
  • Display exemplary conduct and live by the Group's Values and Code of Conduct
Our Ideal Candidate
  • Academic or Professional Education/Qualifications; i.e. standards required for roles
  • Licenses and Certifications/accreditations; i.e. internal/externally required
  • Professional Memberships; i.e. required for roles for continuous development/ improvement/awareness of current practices etc
  • Bank training; i.e. mandatory & developmental - role specific, and regulatory/compliance bank wide & role specific,
  • Languages; i.e. those required for roles
About Standard Chartered
We're an international bank, nimble enough to act, big enough for impact. For more than 160 years, we've worked to make a positive difference for our clients, communities, and each other. We question the status quo, love a challenge and enjoy finding new opportunities to grow and do better than before..... click apply for full job details
Apply for this job now

Details

  • Job Reference: 707120095-2
  • Date Posted: 8 September 2022
  • Recruiter: Standard Chartered Bank
  • Location: Hong Kong
  • Salary: On Application
  • Sector: Banking & Financial Services
  • Job Type: Permanent