Singapore Job Openings

Standard Chartered

WRB CCO, ASEAN & CCH, Singapore

October 22, 2024

Job Summary

The Wealth and Retail Banking (“WRB”) Chief Credit Officer (“CCO”), ASEAN & Country Credit Head (“CCH”), Singapore at Standard Chartered Bank is responsible for the oversight of financial and non-financial risks related to the WRB credit portfolios in 5 markets across ASEAN (i.e., Singapore, Malaysia, Vietnam, Indonesia and Brunei Darussalam) as CCO and managing the credit risk profile of the WRB client portfolio in Singapore as CCH, while supporting business growth objectives. This is a key MD role within the senior leadership of Standard Chartered Bank that reports directly to the Chief Risk Officer, WRB&GCNA. The role is based in Singapore, which is the location of Standard Chartered’s finance hub in ASEAN and requires broad experience of commercial banking and lending across consumer, wealth management and small-to-medium size business segments.

RESPONSIBILITIES
Strategy

Inform the development of Singapore (“SG”) & ASEAN WRB business plans with the provision of cost and impairment forecasts and a balanced judgement on the external environment.
Supervise the ASEAN CCHs and Country Risk Managers to inform the development of business plans with provision of cost and impairment forecasts and balanced judgement of the external environment.
Lead the WRB Risk strategy and agenda and oversee the strategy execution in SG & ASEAN markets.
Lead the teams to achieve sound management of all aspects of risk.
Embed innovation, digitisation and analytics and drive the digital agenda relating to Risk and leveraging on advance tool for risk management.
Represent and challenge the WRB Risk function in relevant committees or management forums.
2LOD oversight of collection and recoveries to maintain collections effectiveness within plan/expectations. Joint accountability to ensure proficiency of collections and associated strategies are aligned with financial targets and continuously advanced.
Operate with full end-to-end accountability for credit loss performance. This means accountability for any activity that may impact credit loss performance including but not limited to: operational processes, external vendor processes, risk management strategies and decisioning tools, product policies and features, and regulations.
Responsible for risk related disclosure to regulators, investors, analysts and rating agencies (such as annual and interim results, Pillar 3 and ensure they are compliant with applicable regulatory requirements).
Contribute to the development of performance management and remuneration processes, in order to encourage the development of an appropriate risk culture and discipline.

Key Responsibilities

Business

Communicate the strategic intent and collective agenda for the WRB Risk function.
Align strategy of the WRB Risk function with business strategy and WRB Credit Risk Appetite and supervise the Country Risk Managers in overseeing its execution in WRB across SG & ASEAN region.
Maintain and develop risk capabilities and skills to meet ongoing business needs and plans.

Processes

Supervise all processes where a member of the WRB Risk function is the identified first line process owner.
Ensure effective management of operational risks within the Function and compliance with applicable internal policies, and external laws and regulations.
Demonstrate end-to-end ownership of risk management decisioning tools and processes.
Continuously improve the operational efficiency and effectiveness of risk management processes

People & Talent

Employ, engage and retain high quality people to ensure a sustainable pipeline of talent for the SG & ASEAN region.
Define an organisation structure aligned and scaled to the risk control needs of the WRB Risk function, balancing Group & local requirements as necessary.
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.
Uphold and reinforce the independence of the WRB Risk function.
Ensure the provision of ongoing training and development of the WRB Risk function's people, and ensure that holders of all critical functions are suitably skilled and qualified for their roles
Lead through example and build the appropriate culture and values within the WRB Risk function and across the wider organisation

Skills and Experience

Risk Management

Assess the credit risk profile of the SG & ASEAN WRB business and maintain alignment with risk appetite by rebalancing of risks or controls that may be required in response to internal and external factors.
Initiate, at least annually and with guidance from Group specialists, a stress test and scenario programme, review the results and assess their implications.
Initiate stress tests as required by internal and external factor and review results and assess their implications.
Ensure that effective management response plans are in place to respond to extreme but plausible scenarios.
Uphold the integrity of risk/return decisions, by challenging business and control function heads to demonstrate that risk origination and control decisions are properly informed and consistent with strategy and risk appetite.
Direct appropriate response to material events or other risk issues that come to the role holder’s attention.
Ensure risk identification, measurement and modelling capabilities are objective, consistent and compliant with applicable regulations.
Ensure business and product heads understand and accept their credit risk management responsibilities.
Maintain an open and cooperative relationship in dealings with regulators.

Governance

Align the strategy of the Risk function with business strategy and risk appetite and oversee its execution.
Maintain the overall Enterprise Risk Management Framework for the Group and oversee its effective application for SG & ASEAN markets.
Ensure that the countries consistently and effectively follow the Group’s standard Risk Committee structure. Wherever possible attend country risk committees as an observer/advisor.
Monitor the performance of Country Risk Managers in ensuring that the business heads, first line process and all Risk Framework owners understand and accept their risk management responsibilities.

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.
Lead the SG & ASEAN markets to achieve the outcomes set out in the Bank’s Conduct Principles Fair Outcomes for Clients; Effective Financial Markets; Financial Crime Compliance; The Right Environment
Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
Exercise authorities delegated by the Board of Directors and Group and act in accordance with Articles of Association and all regulatory and corporate governance requirements.
Execute director responsibilities to entities, where appointed as a Director for any subsidiaries in the SC Group, to ensure effective oversight and governance in line with local laws and the Group’s polices and risk frameworks.

Key stakeholders

Members of WRB and Risk Function Regional Leadership Team
Members of WRB Management Team
Regional & Country CEOs
Regional & Country WRB Heads
Regional & Country WRB Product Heads.
Regional Heads of Control functions
Group Internal Audit
CCROs in the Region

External:

Regulators and Central Banks in the Country & Region
External auditors
Economic, Industry and banking Associations in the Country & Region
CROs in other financial institutions

Other Responsibilities

Embed Here for Good and Group’s brand and values in country
Perform other responsibilities assigned under Group, Country, Business or functional policies and procedures

Our Ideal Candidate

University education in Finance/ Economics-related disciplines or such other appropriate educational attainment;
Market Knowledge: Substantial experience at the highest level in the banking industry across multiple credit cycles, including demonstrated success in a similar role;
Business Strategy and Model: Sharp business acumen (including ability to assess risk and appropriate levels of return), strong leadership qualities, excellent interpersonal skills and multi-cultural awareness and sensitivity;
Risk Management and Control: Demonstrated track record in successful management and ability to manage risk in geographically dispersed and highly varied product base. Expertise in process design and control;
Regulatory Framework and Requirements: Awareness and understanding of the regulatory framework in which the firm operates, and the regulatory requirements and expectations relevant to the role; and
Non-technical Skills: Significant relationship management experience with external stakeholders at the most senior levels, including regulators and rating agencies.

Role Specific Technical Competencies

Risk – C & I Credit Risk
Risk – Stressed Assets Management
Risk – Retail Credit Risk
Risk – Manage Change
Risk – Operational Risk
Risk – Reputational Risk
Risk – Manage People
Risk – Communication and Influencing Skills

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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