Director, ESGR Client Risk Management, CIB (Singapore, UK, Poland)

JOB SUMMARY

• This role could be based in Singapore, UK and Poland. When you start the application process you will be presented with a drop down menu showing all countries, Please ensure that you select a country where the role is based.
• The Director Environmental, Social, Governance and Reputational (“ESGR”) and Net Zero (“NZ”) Client Risk Management role is to help manage ESGR (including Climate) risks with a focus on outbound, environmental and social non-financial risks. The role will operate in accordance with the Enterprise Risk Management framework and embed the policy framework of CIB Climate Credit Risk Standard and Non-financial ESG and Reputational risk management standard in fulfilling the requirements of second line oversight and challenge to key stakeholders across the Group for ESGR risks. The role will have a focus on specific Non-financial ESG and Reputational risk issues to ensure alignment with the Bank’s referenced environmental and social standards and in line with Bank’s risk appetite.
• A successful candidate will be expected to have broad technical knowledge on position statement sectors as well as a practical working knowledge of key international Environmental, Social and Human Rights standards, as well as Reputational Risk and Climate Risk aspects. The job requires the ability to apply key position statement criteria to clients and transactions to ensure environmental and social (“E&S”) risks and reputational impacts are managed responsibly and in accordance with the Group’s agreed approach. 
• The Director ESGR & NZ Client Risk Management, CIB will be responsible for the following:

Leading on review and challenge of Reputational Risk and E&S matters and to ensure financial services (including advisory services) are carried out in compliance with the Bank’s referenced environmental and social standards (including the Equator Principles) and this is captured accurately as part of the bank’s ESGR risk assessments. This will require but is not limited to:

• Review and Challenge of Financial and Non-Financial ESGR assessments forms completed by the frontline (including RRMA, ESRAs and CRAs).
• undertaking ESG&R due diligence where relevant on transactions where referred
• Oversight and Challenge on first line activities
• identifying mitigations to gain comfort on risks, with a focus on outbound E&S and Reputational risks.
• preparing and reviewing committee papers
• summarising key risks and trends as part of Case MI/Reporting
• Driving the development, promotion and implementation of the Group’s sectoral Position Statements 
• Actively liaising with front-line teams across the Group but specifically Client Coverage, Sustainable Finance, DCM, Corporate Finance and Trade Finance to manage existing and emerging E&S risks
• Using their depth of expertise in several sectors and geographies to drive the E&S client strategy for the Group.

RESPONSIBILITIES

Strategy

• Driving robust risk management and oversight activities on ESGR related risk types for both client wholistic reviews as part of BCAs, as well as on an ad-hoc transaction basis when required. A keen understanding of the ESG Navigator tools and the future pathway to wholistic ESGR assessments for best risk management practice.
• Focus on execution while being accountable and innovative in finding ways to be part of the solution even when identifying problems.
• Support continuous training initiatives for both the 1st line and 2nd line to ensure ESGR risk embedding into BAU credit risk management, working closely with Group COO and Credit Policy teams.

Business

• While being focussed on the ESGR financial and non-financial risks for CIB Clients, keep a risk aware client focussed hat with regards to the level of risk and consider how the risk assessments contribute to helping the clients build a more resilient business model while being aligned with the Groups NZ committments.
• Broad awareness and understanding of the bank’s business model and risk profile.
• Embed enhanced due diligence criteria across various ESG and Sustainability Risk criteria into first-line processes and ensure first-line are kept up-to-date with evolving risk and regulatory landscape. 
• Support development of portfolio management strategies and approaches for ESG and Reputational risks specifically with regards to embedding into within Credit Underwriting Principles, Risk Appetite and portfolio reviews across key sectors.
• Communicate confidently with senior stakeholders, taking a lead in working groups and other committee meetings such as the Climate Risk Management Committee, Group Responsibility and Reputational Risk Committee.

Processes

• Work within the existing CIB ESGR Financial and Non-Financial risk processes as well as understanding of the existing ESG Navigator systems, workflows and underlying processes. Support the design, implementation and education of staff on policies and procedures in collaboration with Risk, Legal and relevant business teams; Represent ESRM on Committees and Forums as required.
• Evaluate relevant existing controls and contribute to designing new controls as required. 
• Contribute to Group-wide RCSA reviews with respect to ESGR risk, particularly for CIB credit risk. 
• Evaluate relevant existing controls and contribute to designing new controls as required in line with the CIB climate risk standard.

People & Talent 

• Develop and guide junior and new members including Hub resources in the team as they gain experience over time.

Risk Management

• Second-line review and challenge for adequacy and accuracy of the first-line’s assessment of ESGR financial and non-financial risks for clients as assigned.
• Oversee all ESGR Risk assessments and monitoring for CIB portfolios. Undertake analysis of clients subjected to ESGR Risks and provide insights to enable enhanced portfolio management. 
• Provide inputs to the Group’s strategic risk appetite metric calculation for relevant ESGR risks, where applicable. Work closely with data strategy, third party vendors where relevant.

Governance 

• Contribute to overall governance mechanisms (including committee oversight and individual approval authorities) for ESG and Reputational Risk management. 
• Provide support across Climate Risk Management Committee and Group Responsibility and Reputational Risk Committee, ensuring compliance with the highest standards of regulatory and business conduct and compliance practices as defined by internal and external requirements.
• Embed the Group’s values and code of conduct in Group ESGR Risk.
• Ensure that material risk exposures and related issues are reported to the responsible risk governance committees including the CIBRC, WRBRC, CIBNFRC GRC and BRC.

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.

Key Stakeholders

• Senior business and risk stakeholders and their team members:
• Client Coverage Credit Analysts and Relationship Managers
• Head Climate Analysts
• Global Head, Environmental and Social Risk Management 
• Global Head, Net Zero Delivery
• CIB Credit Representatives
• Head, Industries Risk
• Senior Credit Officers and Regional Chief Credit Officers
• CIB COO process owners 
• Head CIB Credit Policy and Governance
• Environmental and social consultants
• Corporate Affairs
• CSO Office

Other Responsibilities

• Embed Here for good and Group’s brand and values. Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.

Our Ideal Candidate

• 10+ years of relevant working experience in the area of environmental and/or social risk, or in reputational and sustainability risk management within the Banking Industry
• Academic degree in Science, Management, Sustainability, Engineering that is specific to environmental and/or social risk, or specific to Industries (including Metals & Mining, Chemicals, Manufacturing, Agribusiness) or a similar technical/management study
• Experience in assessing risk and making decisions on clients and transactions is ideal
• Strong understanding of Risk management with track record of transforming risk management strategies into policies and standards
• Strong knowledge of ESG risk regulatory landscape, with ability to structure risk management strategy to meet regulatory change in the horizon.
• Strong creativity and problem-solving abilities.
• Strong Microsoft office skills with ability to handle large dataset of internal client information and risk assessment results including PowerPoint and presentation skills
• Confident and self-motivated person with a high level of drive and ability to operate in a fast-paced environment

Role Specific Technical Competencies

• ESG / Climate Risk / Reputational Risk    
• Stakeholder Management       
• Environmental and Social Risk    

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.