China Job Openings
Standard Chartered
Head, Risk Governance, China
October 11, 2024
RESPONSIBILITIES
- This is a role within the Risk function directly under Country CRO to support work on Risk Governance & Enterprise Risk Management. Key tasks include ensuring central elements of China's risk governance and control framework are operating effectively, within Risk Appetite and in line with internal framework and policies as well as statutory and regulatory requirements.
Strategy
- Good understanding of the Group’s business strategy and model, supporting the identification of emerging risks
- Good level of understanding of the latest regulatory requirements which are of relevance to the Risk function
Business
- Awareness and understanding of the wider business, economic and market environment in which the Group operates
- Being a trusted Risk partner to the Business and effectively challenge where needed;
Processes
- Supervising and coordinating all related processes where the Enterprise Risk Management team is identified as process owner across the SCB China
- Continuously improve the operational efficiency and effectiveness of risk management processes within Enterprise Risk Management team for the SCB China
People & Talent
- Lead, develop, and build an effective and impactful Enterprise Risk Management team in SCB China.
- Ensure the provision of ongoing training and people development of the Enterprise Risk Management team
Risk Management
- Responsible in Enterprise Risk Management implementation of the Bank in SCBHK Group, including:
- Led Enterprise Risk Management initiatives’ in China
- Support the Chief Risk Officer ("CRO") in management of principle risk where CRO is assigned as the Risk Framework Owner or have local regulatory requirements, including:
- Reputation and Sustainability Risk Management (including localization of RTF, Policies, monitoring reputational risk cases, monitor external events attendance of relevant committees and forums such as Business Risk Forums)
- Climate Risk Management (including liaison with internal and external parties on the development of the risk management programme, coordination of stress test exercise)
- Country Risk Management (including localization of Risk Type Framework, Policies, managing country risk limits - setting local limits per regulatory expectation, monitoring utilization, attendance of relevant committees and forums such as Business Risk Forums), monitoring key geopolitical activities affecting country risk, risk appetite and risk mandate.
- Strategic Risk Management (including development of local RTF and monitoring process to effectively handle strategic risk management of the Bank)
- Related party management (including oversight on the risk related RP transaction, monitoring the risk management effectiveness, monitor external events attendance of related party management office meeting)
- Credit Bureau Risk Management (Including development of local framework, manage xxxx)
- Model Risk Management
- Risk Appetite and Stress Testing
- CIB NPL Review
- Unifi
Governance
- Lead a team in handling the Risk Governance activities of the Risk Function, including:
- Oversight of Risk Governance activities within the function
- Ensure various risk teams fulfil their responsibility as risk type framework owners on specific laws and regulations assigned
- Oversight and coordinate the local regulatory implementation and onsite inspection
- Secretary of the Executive Risk & Internal Control Committee, facilitator to the Risk Function Management Group (RFMG) meeting
- Preparation of Risk papers (ERICC, Exco, Board Risk Committee, Board)
- Preparation and review of Prudential pack, rating agency packs, input to risk governance, country risk and reputational risk areas for stress testing and financial statements, as well as input to risk related content to the Environmental Information Disclosure
- Manage the country process on Policy Governance
- Support ad-hoc projects for the Risk Function as required, for example delivery of BCBS239 implementation
Compliance
- Lead a team in managing the policy/process to ensure the Bank’s compliance with regulatory requirements for:
- 中国银监会关于印发银行业金融机构全面风险管理指引的通知(银监发〔2016〕44号)
- Connected Lending (Part 8 of Banking (Exposure Limit) Rules)
- Equity Exposure (Part 2 of Banking (Exposure Limit) Rules)
- Local Booking Approval process in ensuring all facilities booked in HK carries the authority from SCBHK
- Board as required under HKMA SPM CR-G-2
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.
- Lead to achieve the outcomes set out in the Bank’s Conduct Principles
Key Stakeholders
- Act as main point of contact for internal and external stakeholders regarding Enterprise Risk Management matters.
- External stakeholders: Local and regional regulators
Internal stakeholders:
- Country CEO office
- Country CFO
- Country & Regional CRO
- Regional Treasury Risk team
- Regional Risk Appetite and Stress Testing team
- Regional Model Governance team
- Country & Regional Risk team including Credit Risk, Traded Risk, CISO, Operational Risk
- Country Business Heads
- Country Function Heads
- Country Compliance Team
- Country Internal Audit Team
- External Auditors
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 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. 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 work 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 at the heart of what we do
- Never settle, continuously striving to improve 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 build 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 including 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 skills, global Employee Assistance Programme, sick leave, mental health first-aiders and all sorts of self-help toolkits
- A continuous learning culture to support your growth, with opportunities 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, across our teams, business functions and geographies - everyone feels respected and can realise their full potential.
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