Senior Risk Manager
- 2025-01-17
-
Singapore
Senior Risk Manager
Job Description
RiskManagement
- Responsiblefor identifying, assessing, monitoring, controlling and mitigatingrisks to the Group. Also, an awareness and understanding of themain risks facing the Group and the role the individual plays inmanaging them
- the ability to interpret theGroup's financial information, identify key issues based on thisinformation and put in place appropriate controls andmeasures
- Ensure that the Group's Traded riskframework for the management of Traded risks is appropriately andconsistently applied in ASEAN countries.
- Ensure local regulatory requirements related to MarketRisk are complied. Provide analysis of risk exposures, marketcommentaries, analysis of variances and so on to Regional and GroupTraded Risk as and when required
- Manage Marketrisk exposures for ASEAN region, RMF & HF portfolio. Provideearly warning and identify deteriorating credits. Manage exposuredown as required.
- Ensure risk identification,measurement, reporting, and modelling capabilities are objective,consistent, and compliant with applicable regulations
- Ensure that material risk exposures and related issuesare reported to the Trade Risk Head, ASEAN or SCO RMF&HFRisk
- Ensuring that the quality of BusinessCredit Applications (BCAs) meets Group standards, particularly withregards to the completeness and depth of risk analysis.
- Approving breaches of Portfolio Guidelines / UnderwritingGuidelines, to the extent permitted under Credit Policy / PortfolioGuidelines.
- Ensuring timely submission andaccuracy of credit portfolio data to the relevantstakeholder
- Monitoring compliance with CreditPolicy and Portfolio Guidelines / Underwriting Guidelinesperiodically and reviewing any divergence thereof with the SCORMF&HF Risk
- Ensure EAR process is adheredto. Assist relationship managers in identification and managing upor out of accounts exhibiting signs of deterioration and assistSpecial Assets Group, where appropriate, in managing accounts tomaximise recoveries and minimise losses.
- Uphold the integrity of risk/return decisions, bychallenging business to demonstrate that risk origination andcontrol decisions are properly informed and consistent withstrategy
- Continuously improve the operationalefficiency and effectiveness of Credit Control and Reporting withregards to RMF & HF.
- Ensure effectivemanagement of operational risks with respect to RMF&HF Riskmanagement functions and compliance with applicable internalpolicies, and external laws and regulations
- Ensure appropriate judgement is applied in the dischargeof risk authorities assigned to the jobholder
- Maintain a good understanding of the requirements of keyexternal stakeholders in respect of risk management and ensurethese are well understood internally and reflected in internalprocedures
- Participate in key committees inthe absence of the Global Head of RMF&HF Risk in SCO RMF&HFRisk Asia capacity.
- Ensure first line processowners understand and accept their risk managementresponsibilities
- Maintain an open andcooperative relationship in dealings with regulators in the absenceof the SCO RMF&HF RiskAsia.
Governance
- Implement the overall Risk Management Framework andGlobal Underwriting Guidelines for RMF&HF and oversee theireffective application.
- In the absence of theSCO RMF&HF Risk ASIA, attend the Risk Committee, Credit IssuesForum, and Underwriting Committee to provide input to thecommittees on arising risk issues and new policies and processes asrequired.
- Maintain an open and cooperativerelationship in dealings with regulators and auditors.
- In the SCO RMF&HF Risk ASIA, absence, attend all riskmanagement and controls committees, asapplicable.
Regulatory& Business Conduct
- Display exemplary conduct and live by the Group's Valuesand Code of Conduct.
- Take personalresponsibility for embedding the highest standards of ethics,including regulatory and business conduct, across StandardChartered Bank. This includes understanding and ensuring compliancewith, 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 compliancematters.
- Maintain an open and cooperativerelationship in dealings with LocalRegulators.
KeyStakeholders
Internal
- Head(s) of CCR, Global and regional
- Head Credit Control and Reporting
- InCountry FI CIB Heads
- FM Sales andTrading
- Legal and Compliance
- Market Risk & Credit Exposure Management
- In Country SCO's / CCO
- Chief CreditOfficer, Financial Institutions
- Regional ChiefCredit Officer
- Regional Chief RiskOfficer
External:
- Executives (including equivalent CRM Units) ofclients
- Key Corporate and Institutionalrelationships in country
- Members of the legalprofessions
- Directors/key contacts in thebusiness community
- Accountants/Consultants
- Localgovernancebodies
OtherResponsibilities
- EmbedHere for good and Group's brand and values; Perform otherresponsibilities assigned under Group, Country, Business orFunctional policies andprocedures;
Our IdealCandidate
- 8+ Years ofexperience in Market Risk or Hedge funds and Real money finds,Credit Risk.
- Bachelor's or Master's universitydegree
- Strong Market Risk Knowledge
- Knowledge of various financial products(e.g Interest ratederivative, Commodities, FX, Credit, Repo )
- Experience with Legal Documentations(ISDA/CSA/GMRA)negotiations
- Experience with client duediligence
- Familiar with initial marginsetup
Role SpecificTechnical Competencies
- C&I CreditRisk
About StandardChartered
We're an internationalbank, nimble enough to act, big enough for impact. For more than170 years, we've worked to make a positive difference for ourclients, communities, and each other. We question the status quo,love a challenge and enjoy finding new opportunities to grow and dobetter than before. If you're looking for a career with purpose andyou want to work for a bank making a difference, we want to hearfrom you. You can count on us to celebrate your unique talents andwe can't wait to see the talents you can bringus.
Our purpose, to drive commerce andprosperity through our unique diversity, together with our brandpromise, to be here for good are achieved by how we each live ourvalued behaviours. When you work with us, you'll see how we valuedifference and advocate inclusion.
Togetherwe:
- Do the rightthing and are assertive, challenge one another, andlive with integrity, while putting the client at the heart of whatwe do
- Neversettle, continuously striving to improve andinnovate, keeping things simple and learning from doing well, andnot so well
- Are bettertogether, we can be ourselves, be inclusive, seemore good in others, and work collectively to build for the longterm
What weoffer
In line withour Fair Pay Charter, we offer a competitive salaryand benefits to support your mental, physical, financial and socialwellbeing.
- Core bankfunding for retirement savings, medical and lifeinsurance, with flexible and voluntary benefitsavailable in some locations.
- Time-off including annualleave, parental/maternity (20 weeks), sabbatical (12 monthsmaximum) and volunteering leave (3 days), along with minimum globalstandards for annual and public holiday, which is combined to 30days minimum.
- Flexibleworking options based around home and officelocations, with flexible working patterns.
- Proactive wellbeing supportthrough Unmind, a market-leading digital wellbeing platform,development courses for resilience and other human skills, globalEmployee Assistance Programme, sick leave, mental healthfirst-aiders and all sorts of self-help toolkits
- A continuous learningculture to support your growth, with opportunitiesto reskill and upskill and access to physical, virtual and digitallearning.
- Being part of aninclusive and values driven organisation, one thatembraces and celebrates our unique diversity, across our teams,business functions and geographies - everyone feels respected andcan realise their fullpotential.
RecruitmentAssessments
Some of our roles useassessments to help us understand how suitable you are for the roleyou've applied to. If you are invited to take an assessment, thisis great news. It means your application has progressed to animportant stage of our recruitmentprocess.
Visit our careers websitewww.sc.com/careers
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