Senior Manager, Credit Risk Governance

Main Responsibilities

Operational Risk Framework for Credit Risk and Stressed Asset Risk (SAR)
•    Own and oversee the monthly Operational Risk assessment processes, uphold and update the Credit Risk Register and Risk and Control Self-Assessment for both Credit Risk and SAR.
•    Facilitate the completion of Control Tests (KCIs/CSTs) and other governance and control checks. Assist to recognise and assess main operational risk areas and control gaps.
•    Engage in periodic trigger reviews, Inherent and Residual Risk Assessments, Risk register reviews, risk acceptances, control documents and other regular assessments and see to it that outcomes are appropriately reflected in the relevant governance and reporting systems.
•    Investigate exceptions, keep up supporting evidence, track remediation, and escalate material or overdue matters where required.
•    Address data-quality issues and support the ongoing maintenance and accuracy of governance records. 

Prudential Compliance Framework
•    Sustain and update the PCF register for the applicable regulatory expectations (i.e. CRR, PRA Rulebook, PRA Supervisory Statements, and EBA Technical Standards) where Credit Risk RFO is the chapter owner 
•    Work together attestation / confirmation of the articles assigned to the several line owners as part of the quarterly and annual attestation exercise. The attestation/confirmation should be supported by a ‘deep dive’ review, which would entail obtaining documentary evidence for a sample of expectations to confirm that controls and control assurance methods documented in the compliance registers are working productively;
•    Spot appropriate line owner(s) for each changed regulation and secure timely escalation of regulatory changes to the relevant stakeholders;
•    Facilitate annual attestation and quarterly confirmation by CRO CIB Risk / delegate as Chapter Owner by giving them the result of the acceptance by line owners, any material regulatory changes, and gaps/breaches (if any), for onward submission to Group Compliance;
•    Make sure that control and assurance methods documented by line owners deliver a sufficiently robust control framework to equip effective ongoing compliance, such as exception monitoring / reporting;
•    Prepare Prudential Regulatory Compliance (Credit Risk) report semi-annually covering the yearly attestation, issues encountered during the exercise and plan/s to resolve with clear timelines for submission to Credit Risk Committee;
•    Co-ordinate/support the management of audits relevant to Prudential Compliance;

ICAAP and Regulatory Capital

•    Liaise the annual Credit Risk ICAAP Pillar 2A assessment process.
•    Review proposed Credit Risk Pillar 2A capital add-ons and supporting RWA and capital narratives and keep up supporting methodology, analysis, and governance documentation. 
•    Assess existing and emerging credit risks to determine whether additional Pillar 2A capital may be required.
•    Prepare, reconcile, and validate supporting data and carry out relevant KCI and CST checks.
•    Liaise stakeholder review and sign-off of Group and Solo ICAAP submissions.
•    Prepare materials for Expert Panel reviews, among them the methodology review and final capital assessment.

Credit NFRC Governance and Secretariat
•    Support the effective operation of the Credit Non-Financial Risk Committee.
•    Collaborate agenda setting, meeting timelines, paper submission, pack consolidation, quorum, minutes, and follow-up actions.
•    Prepare the committee’s summary and escalation paper.
•    Liaise the annual review of the committee Terms of Reference and the periodic committee effectiveness assessment.
•    Review and consolidate relevant Credit NFRC papers and management information, among them EA and covenant reporting, SAR KCI reporting, Credit KCI reporting, quarterly KCI and CST exceptions, and policy exceptions. 

Other Responsibilities
•    Collaborate the annual and periodic review of intragroup outsourcing arrangements.
•    Uphold SAR delegated authority letters and work together updates to relevant systems when there are changes.
•    Support Senior Credit Secretariat requests on SCS Sole/Dual approval process when required
•    Support the team with several reports such as Headcount reporting, Conduct dashboard etc.
•    Responsible to update the Conduct outcomes and Conflict of Interest register in discussion with Group Compliance
•    Execute other credit governance activities and other projects, as assigned 

Processes
•    Support Credit RFO / Credit PU owner in supervising the Credit Processes.
•    Ensure compliance with applicable internal policies, and external laws and regulations, related to Credit Risk.
•    Continuously enhance the operational effectiveness and effectiveness of the risk management processes.

People & Talent 
•    Lead through example and demonstrate the appropriate culture and values within the function and spanning the wider organisation.
Risk Management
•    Sustain a good understanding of the expectations of key external stakeholders in respect of risk management and guarantee these are well understood internally and reflected in internal procedures.
•    Obtain assurance regarding the effectiveness of the policy controls and compliance with applicable laws & regulations.
•    Uphold an open and cooperative relationship in dealings with internal and external stakeholders

Governance 
•    Tasked with guaranteeing effective Risk Governance  

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, covering regulatory and business conduct, spanning Standard Chartered Bank. This includes understanding and guaranteeing compliance with, in letter and spirit, all applicable laws, regulations, guidelines and the Group Code of Conduct.
•    Support the Credit policy team to reach the outcomes set out in the Bank’s Conduct Principles
•    Productively and collaboratively spot, escalate, mitigate and resolve risk, conduct and compliance matters.
Core stakeholders
•    Credit Approvers 
•    Relationship Managers / COO Office 
•    Enterprise Risk Management
•    SAG/ SAR
•    CCRO / Country Credit Governance teams
•    Treasury 
•    CIC Modelling
•    Credit Risk Control (Middle Office)
•    Credit Risk Infrastructure
•    Traded Risk Management
•    Operational Risk
•    Group Internal Audit
•    Legal 
•    Compliance

Other Responsibilities
•    Embed Here for good and Group’s brand and values in CIB Risk team; Undertake other responsibilities assigned under Group, Country, Business or Functional policies and procedures

Capabilities and Experience

•    Credit Risk Governance 
•    Operational Risk Controls 
•    Stakeholder Management
•    Robust analytical, communication and interpersonal abilities.
•    Regulations impacting Credit Risk

Qualifications

•    Solid know-how of credit risk governance
•    Track record in governance and control testing, risk registers, RCSA, KCI/CST monitoring, and issue remediation.
•    Has good understanding of operating risk identification process and implementing process controls. Background in working / implementing such methodology in process operations would be preferable.
•    Understanding of Basel expectations, regulatory capital, ICAAP, and Pillar 2A and their impact on credit policy, processes, controls, and systems. 
•    Experience supporting senior governance committees and preparing executive-level papers, management information, and presentations.
•    Sound analytical capabilities, covering the capability to review capital and RWA information, reconcile data, challenge assumptions, and spot material issues.
•    Robust written and verbal communication abilities, with the capacity to translate involved regulatory and risk matters into clear governance documentation.
•    Capability to collaborate multiple ad hoc deliverables.
•    Robust stakeholder-management abilities and confidence engaging senior stakeholders throughout multiple functions and jurisdictions.
•    High attention to detail, sound judgement, and the aptitude to work independently while keeping up effective governance and control discipline.

About Standard Chartered

We're an international bank, nimble enough to act, big enough for impact. For more than 170 years, we've worked to make a positive difference for our customers, communities, and each other. We question the status quo, love a challenge and enjoy finding new openings to grow and do better than before. If you're looking for a career with purpose and you want to work for a bank making a difference, we want to hear from you. You can count on us to celebrate your unique talents and we can't wait to see the talents you can bring us.

Our purpose, to drive commerce and prosperity through our unique diversity, together with our brand promise, to be here for good are achieved by how we each live our valued behaviours. When you team up with us, you'll see how we value difference and advocate inclusion.

Together we:

• Do the right thing and are assertive, challenge one another, and live with integrity, while putting the customer at the heart of what we do
• Never settle, continuously striving to strengthen and innovate, keeping things simple and learning from doing well, and not so well
• Are better together, we can be ourselves, be inclusive, see more good in others, and work collectively to create for the long term

What we offer

In line with our Fair Pay Charter, we offer a competitive salary and benefits to support your mental, physical, financial and social wellbeing.

• Core bank funding for retirement savings, medical and life insurance, with flexible and voluntary benefits available in some locations.
• Time-off such as annual leave, parental/maternity (20 weeks), sabbatical (12 months maximum) and volunteering leave (3 days), along with minimum global standards for annual and public holiday, which is combined to 30 days minimum.
• Flexible working options based around home and office locations, with flexible working patterns.
• Proactive wellbeing support through Unmind, a market-leading digital wellbeing platform, development courses for resilience and other human competencies, global Employee Assistance Programme, sick leave, mental health first-aiders and all sorts of self-help toolkits
• A continuous learning culture to support your progress, with chances to reskill and upskill and access to physical, virtual and digital learning.
• Being part of an inclusive and values driven organisation, one that embraces and celebrates our unique diversity, over our teams, business functions and geographies - everyone feels respected and can realise their full potential.