China Job Openings
Standard Chartered
Senior Credit Officer, CTA
October 10, 2024
JOB SUMMARY
- SMR Responsibilities delegation — In line with agreed cascades of GCRO SMR sub responsibilities to RMT and other delegates
- SMF 4 Second line of defense responsibilities
As SCO China, responsible for the second line of defence responsibilities related to Credit Risk, which involves oversight and challenge of risk management actions from the First Line, including the following:
- The Group's Enterprise Risk Management Framework ("ERMF") with regards to Credit Risk, which sets out the Group's approach to risk management and the control framework within which risks are managed and risk-return trade-offs are made. Ensure that the relevant first and second line owners understand and accept their risk management responsibilities.
- The Group's Risk Appetite Framework, with regards to Credit Risk, which sets out the Group's appetite to material risk types that it is exposed to. Monitor compliance to Board approved risk appetite using the risk information report covering principal risk-types Credit Risk; and highlight significant matters to the attention of senior management and senior risk committees.
- Ensure a robust effectiveness review process for the ERMF with regards to Credit Risk, and escalate significant matters and/or gaps in ERMF implementations to senior management and the relevant Board level committees as relevant.
Governance Framework
Responsible for the following:
Responsible for the following:
- Build a culture of good conduct in the risk function, and embed the risk culture statement as described in the ERMF.
Process Universe
- Responsible for discharging Process Universe related responsibilities as defined in the ERMF.
- Review, challenge, and provide oversight of the risk profile of the Risk process universe.
- FCA 14 FCA main business activity/function
- As SCO China, responsible for final credit decisions for corporate lending facilities. Responsibilities do not extend to the following which are the responsibilities of the relevant business leaders.
- Completeness and accuracy of the business credit application and capture of critical information required for credit risk measurement and credit analysis.
RESPONSIBILITIES
Strategy
- Inform the development of business' plans with the provision of cost and impairment forecasts and a balanced judgment on the external environment.
- Contribute to the development of performance management and remuneration processes, in order to encourage the development of an appropriate risk culture and discipline.
Business
- Communicate the strategic intent and collective agenda for the Function2
- Maintain and develop the Function's risk capabilities, and skills to meet ongoing needs and plans
- Align strategy of the Risk function with business strategy and risk appetite and oversee its execution
Processes
- Supervise all processes where job holder or 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
- Identify and develop talent pool for Credit Risk function in the region.
- 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.
- 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.
- Review team structure/capacity plans for the region.
- Uphold and reinforce the independence of the Function from those whose primary responsibility is to maximize 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
Risk Management
- Ensure the quality of Business Credit Applications (BCAs) meets Group standards, particularly with regards to the completeness and depth of risk analysis.
- Approve breaches of Local Portfolio Standards, to the extent permitted by CIB Credit Policy.
- Formulate and obtainapproval of Portfolio Standards which is supportive (from credit risk perspective) of the business strategy of various segments
- Ensure 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 Country/Region credit portfolio data to the Risk Committee. These include, but may not be limited to, the following:
- Risk MI reports
- All approved exposures in Country/Region (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 minimize 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)
- Co-ordinate local resources to ensure that credit systems are installed in accordance with Group standard. Provide a reference point for collating and passing on to Group Technology and Operations problems and proposed enhancements. Ensure that new users are trained on all credit systems.
- Increase working profits through effective management of the loan asset portfolio in order to help develop the franchise in a sustainable way and minimise provisions
- Maximize economic revenue through effective management of the risk/reward relationships
- Maintain credit quality and standards of professionalism for the risk function
- Ensure effective implementation of Group Policies / Circulars / Procedures
- Actively participate in monthly Country Credit Issues Forum
- Undertake regular customer visits to better understand the business environment
Governance
- Responsible for assessing the effectiveness of the Group's arrangements to deliver effective governance, oversight and controls in the business and, if necessary, oversee changes in these areas.
- Awareness and understanding of the regulatory framework, in which the Group operates, and the regulatory requirements and expectations relevant to the role.
- Responsible for delivering "effective governance"; capability to challenge fellow executives effectively; and willingness to work with any local regulators in an open and cooperative manner.
- Ensure business and product heads understand and accept their credit risk management responsibilities
- Maintain an open and cooperative relationship in dealings with local and home regulators.
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 the team to achieve the outcomes set out in the Bank’s Conduct Principles
Key Stakeholders
Internal:
Internal:
- In country Client Coverage Head, Country Segment Heads, Senior Bankers
- Risk stakeholders including risk seniors, country CRO, country CCOs, risk governance team and SAG/SAR
- Various product teams including FM, TB, financing solution, Industry teams
External:
- Key Corporate and Institutional relationships in country
- Executives of other banks
- Directors/Key contacts in the business community
- Accountants/Consultants
- Auditors / Government regulators
Other Responsibilities
- Embed Here for good and Group’s brand and values in CIB Risk Team; Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures
- 适用于全体员工 General Job Description applicable to all the roles
- Understand, acknowledge and comply with the requirements on individual accountabilities and responsibilities of the job set out in applicable local laws and regulations as well as SCB internal policies 理解、认同并遵守本地法律法规以及渣打内部政策中关于个人问责和职责的要 求.
- Effectively ensure and intensify internal controls by keeping abreast with developments of applicable local laws and regulations on accountabilities 根据本地问责法律法规的发展，以有 效地确保并强化内控.
- Perform job duties with diligence, contribute to efforts as an individual or as a team member so as to avoid any actual or potential legal sanctions, regulatory penalties, material financial loss, or adverse reputational impact on the Bank 审慎勤勉地履行岗位职责，以个人或团队成 员的身份，为避免任何导致银行遭受或可能遭受法律制裁、监管处罚、重大财务损失或声誉负 面影响而做出努力.
- Be responsible for failure to follow relevant rules and processes, failure to properly perform the responsibilities, and implement corrections 对未遵守相关规范和流程、未适当履行职责以 及未执行整改措施承担相应责任.
- Cooperate with any investigations or reviews on regulatory failure such as accountability review 配合任何关于违反监管规定的调查或审查，例如，问责审查。
- 适用于管理人员 General Job Description applicable to managerial and/or leadership roles
- Properly perform the duties on management and ensure the effectiveness of internal control 正确履行管理职责，并确保内控的效率。
- Be responsible for regulatory failure or risks arising from or in connection of the event over which the employee has the duties of management and/or leadership 对负有管理和/或领导责 任的事项引起或相关的违反监管规定事件或风险，承担相应责任。
- Be responsible for significant losses due to failure of effectiveness of internal control 为内控失 效造成的重大损失负责。
- 适用于履行监督、审计及风险控制职责的人员 General Job Description applicable to supervisory, internal audit and risk control roles (i.e. 2LOD, RFO)
- Properly perform the duties on supervisory, audit and risk control, including but not limited to 正确履行监督、审计和风险控制的职责，包括但不限于：
- Contribute in the formulation or amendment of audit, risk control and accountability policies参 与审计、风险控制和问责相关政策的制定或修改；
- participate in the internal investigations or reviews on regulatory failure such as accountability review参与关于违反监管规定的内部调查或审查，例如，问责审查。
- Be responsible for regulatory failure or risks arising from or in connection of failure to perform the duties on supervisory, audit and risk control对未能履行监督、审计或风险控制职责引起或 相关的违反监管规定事件或风险，承担相应责任。
Qualification
- Education - Bachelor's degree with preferably a Master's degree
-
Training
- Corporate credit experience of at least 10 years with a minimum of 5 years as a credit approver with own discretionary lending authority
- Track record of credit experience covering names in China/ YRD
- Mature and balanced approach to risk management preferably with prior supervisory experience.
- Languages - Fluent in English and Mandarin
Role Specific Technical Competencies
- Risk Management - C & I Credit Risk
- Risk Management - Operational Risk
-
Talent Management
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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