VP, Credit Policy and Process

Main Responsibilities

Location : Chennai / Bangalore 

•    Review and update credit policies, Standards, Guidelines and FAQs as driven by market conditions, business strategy, regulatory expectations and for risk management.
•    Running and implementing Credit Policies and Standards for further simplification, rationalization and digitization. 
•    Interpret and implement several regulatory changes impacting Credit risk, covering but not limited to, Credit risk mitigation, Large exposure, Basel 3.1, other Capital requirement regulations etc.
•    Engage and run stakeholders in policy drafting, feedback, communication (quarterly updates, briefing calls) and offering response/solutions to queries.
•    Driving the effort in credit process re-engineering to strengthen operational streamlining. 
•    Scheduling and conducting policy briefings / training and preparing relevant presentation.
•    Analysing the impact on business or risk aspects of any material changes to Credit Policies and Standards.
•    Work closely with several team to solve business / risk problem and finding new ways of gathering, analyzing data to pinpoint improvements in credit policies and processes 
•    Coordinating the project working groups among them overseeing multi-function stakeholders and contribute to the working group deliberations and actions covering policy drafting, feedback, communication and giving response/solutions to issues.
•    Leading and contributing to projects and initiatives in terms of data, analysis and feedback e.g. Basel 3.1, EBA Guidelines, Large Exposure Group Committee, Regulatory Interpretation Forum, Fraud Risk, Credit Modelling.
•    Supporting the effective implementation of process improvement and system enhancement projects. Driving Creditmate BAU and Project implementation for Credit Risk.
•    Coordinating and offering input and support to other stakeholders such as RM/TRM/Compliance/Legal/ Modelling/ on implementation of their policies/initiatives.
•    Handle all activities assigned that is related to the implementation of the Credit Risk Type Framework and the Credit Process Universe
•    Implementing governance process framework for Credit Policies, Standards and processes as required according to any gaps arising from Regulatory, Risk or Business criteria.

Senior Credit Secretariat
•    Review the completeness of the business applications going for GCCO and CRO CIB in line with the needs in the CIB Credit Policies and Standards on Credit Application, Risk Appetite, Large Exposure. Deliver regular updates and reports to GCCO and CRO CIB 
•    Review the completeness of the single name Risk Appetite breach remediation request for GCRO approval. Assess the disaggregation requests to ensure the rationale is aligned with the requirement in the LE Standard.
•    Oversee the quarterly Investment Committee meetings by coordinating with the committee secretariat team, committee chairman, members and paper presenters, which include senior representation from GH SAR, GH ERM, GH CPM, GH Corporate Development, CIB CFO, etc. Update the IC TOR annually as well as execute adhoc amendment.

Business
•    Align policy and process of the Risk function with business strategy and risk appetite for the Credit and oversee its execution.
•    Communicate, train and implement the strategic intent and collective policies for the Risk function.
•    Keep up and build the risk capabilities and processes, and competencies to meet ongoing business needs and plans

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
•    Guarantee alignment of all applicable Credit Risk policies over the different Countries.
•    Guarantee communication and cascading of relevant aspects of Credit Policies to the Frontline and Credit Officers.
•    Uphold a good understanding of the criteria of main external stakeholders in respect of risk management and secure 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.
•    Keep up an open and cooperative relationship in dealings with internal and external stakeholders

Governance
•    Accountable for securing 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, among them regulatory and business conduct, throughout Standard Chartered Bank. This includes understanding and securing compliance with, in letter and spirit, all applicable laws, regulations, guidelines and the Group Code of Conduct.
•    Support the Credit policy team to deliver on the outcomes set out in the Bank’s Conduct Principles: [Fair Outcomes for Customers; Effective Financial Markets; Financial Crime Compliance; The Right Environment.] 
•    Successfully and collaboratively recognise, escalate, mitigate and resolve risk, conduct and compliance matters.

Main stakeholders
•    Credit Approvers 
•    Relationship Managers / COO Office 
•    Enterprise Risk Management
•    SAG/ SAR
•    CCRO / Country Credit Governance teams
•    CIC Modelling
•    Credit Risk Control (Middle Office)
•    Credit Risk Infrastructure
•    Traded Risk Management
•    Operational Risk
•    Group Internal Audit
•    Legal 
•    Compliance
•    Product Partners (e.g. TB/FM)
•    Group Finance

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

Abilities and Experience

•    Credit Risk Management 
•    Understanding of the Credit policies and procedures
•    Stakeholder Management
•    Solid analytical, communication and interpersonal competencies.
•    Regulations impacting Credit Risk

Qualifications

•    Grasp of Policies: Understanding of the Credit Policies, Standards, Credit Risk Type Framework and several Credit Application Systems
•    Regulatory framework and requirement: awareness and understanding of the regulations impacting credit risk. Aptitude to interpret regulations, recognise gaps and implement changes. 
•    Credit Risk experience: Prior background in Credit Risk, Credit Approval or Credit Analysis experience would be a very robust contributing factor, first-rate interpersonal capabilities and multi-cultural awakened and sensitivity.
•    Risk management and control: Aptitude to run risk in geographically dispersed and highly varied product base. Background in process design and control.
•    Ad Hoc Projects: Aptitude to lead different projects / initiatives 
•    Non technical capabilities: Experience to handle multiple stakeholders, take ownership, dynamic, adhere to deadlines 
•    Languages; English.
•    Banking training: Not mandatory but good to have Internal Credit certification for example, Core credit curriculum etc

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 client organisations, communities, and each other. We question the status quo, love a challenge and enjoy finding new chances 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 collaborate 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 client organisation at the heart of what we do
• Never settle, continuously striving to enhance 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 establish 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 among them 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 capabilities, global Employee Assistance Programme, sick leave, mental health first-aiders and all sorts of self-help toolkits
• A continuous learning culture to support your development, with prospects 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, throughout our teams, business functions and geographies - everyone feels respected and can realise their full potential.