Assistant Manager, Credit Initiation

Job Summary

• Evaluate and recommend/approve new applications, increase in limits and annual reviews for approval submitted through various channels i.e. Branches, dedicated and direct sales channels for retail banking and/or business banking products 
• Work with various stakeholders including Product, Policy, Sales and Operations closely
• Participate in system enhancement and changes and perform testing and verification
• Participate in process change discussions and implementations
• Ensure that the department’s Service Quality and Key Control Standards are complied with. 
• Ad hoc reporting and other duties assigned from time to time. 
• Engage in regular discussions to drive operational efficiency and knowledge sharing. 
• Proactive and independent assessment of applications and fraud awareness 
• Effective management of work and ensuring performance within expected turnaround time
• Embed the Group’s values and code of conduct
• Good understanding of the role requirements and ensure that these are well understood reflected in internal procedures.
• Identifying and escalation of all exceptions on non-compliance with standard controls

Key Responsibilities

Business

• Work with stakeholders including Product, Policy, Sales and Operations closely. 
• Participate in system enhancement and changes and perform testing and verification

Processes

• Evaluate and recommend/approve new applications, increase in limits and annual reviews for approval submitted through various channels i.e. Branches, dedicated and direct sales channels for retail banking and/or business banking products. 
• Participate in process change discussions and implementations

Risk Management

• Ensure no quality issues and regulatory issues 
• Timely escalation of exceptions on non-compliance with standard controls

Governance 

• Embed the Group’s values and code of conduct
• Good understanding of the role requirements and ensure that these are well understood reflected in internal procedures.

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

• Product
• Policy
• Sales
• Operations

Other Responsibilities

• Embed Here for good and Group’s brand and values in Singapore Ops WRB; Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures; Multiple functions (double hats)

Our Ideal Candidate

• 1+ years of experience in Banking industry.  
• Understanding of regulatory guidelines related to Mortgage underwriting.
• Understanding underwriting guidelines and policy rules
• Understanding of product features of Mortgage

Role Specific Technical Competencies

• Ensuring accuracy on credit checks, understanding of MAS 632 & 645 policies
• Financial Analysis – Reviewing income, debt to income ratio and credit worthiness etc
• Risk Assessment – Identifying and mitigating risks in Mortgage Lending

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.

Recruitment Assessments

Some of our roles use assessments to help us understand how suitable you are for the role you’ve applied to. If you are invited to take an assessment, this is great news. It means your application has progressed to an important stage of our recruitment process.

Visit our careers website www.sc.com/careers