Senior Credit Officer

Job Summary

Second line of defence responsibilities

Jobholder is responsible for the following second line of defence responsibilities related to Credit Risk:

• Oversight and challenge of risk management actions from the First Line include the following:
  • Ensuring first and second line owners understand and accept risk management responsibilities set out in the Group’s Enterprise Risk Management Framework (“ERMF”).
  • In line with the Group’s Risk Appetite Framework with regards to Credit Risk, monitoring compliance to Board approved risk appetite using risk information report covering Credit Risk principal risk types and highlight significant matters to the attention of senior management and senior risk committees.
  • Ensure 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.
• Building a culture of good conduct in the Risk function and embedding the Risk Culture statement as described in the ERMF.
• Reviewing, challenging and providing oversight of the risk profile of the Risk Process universe.
• Being responsible for final credit decisions for wholesale lending facilities pertaining to CIB Singapore LCMM / GS portfolio.  

Key Responsibilities

• Plan development of risk parameters for CIB Singapore – LCMM / GS portfolios according to Risk Appetite and Policy Frameworks and documents in portfolio standards.
• 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 process, in order to encourage the development of an appropriate risk culture and discipline.

• Align strategy of the Risk function with business strategy and risk appetite and oversee its execution.
• Identify, measure and monitor material risk affecting LCMM / GS CIB and SAG portfolios in Singapore including its subsidiaries Malaysia, Vietnam and Thailand in the context of the external market environment.
• Communicate the strategic intent and collective agenda for the Risk function.
• Maintain and develop the risk capabilities, and skills to meet ongoing business needs and plans..

• Ensure credit approvals are within delegated authorities.
• Supervise all processes where a member of the Risk function is the identified first line process owner.
• Ensure effective management of the operational risks within the Risk function and compliance with applicable internal policies, and eternal laws and regulations.
• Continuously improve the operational efficiency and effectiveness of the risk management processes.

Risk Management

• Assess the credit risk profile of the CIB Singapore portfolios, maintaining alignment with risk appetite by rebalancing of risks or controls that may be required in response to internal and external factors.
• Initiate stress tests as required by internal and external factors and review results and assess their implications.
• Direct appropriate response to material events or other risk issues that come to SCO, CIB Singapore – LCMM / GS attention.
• Exercise risk control responsibility for Credit Risk for CIB Singapore – LCMM / GS portfolios.
• Ensure risk capabilities are objective, consistent and compliant with applicable regulations.
• 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 judgment is applied in the discharge of risk authorities assigned to the jobholder, taking account of concentration risk across sectors, geographies and markets.​​​​​​
• Design, maintain and effectively communicate risk control parameters across the Business, including policies, control standards, risk exposure limits and other control levers in order to maintain the risk profile in line with the Group’s risk appetite.
• 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.
• Obtain assurance regarding the effectiveness of the business controls and compliance with applicable laws & regulations.
• 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.
• Align the strategy of the risk function with business strategy and risk appetite and oversee its execution
• Assisting SCO CIB Singapore on the following:
  • Prepare and present deep dive papers for SCBSL Hub Board Risk Committee. Deep dives performed cover Singapore and all its subsidiaries including Malaysia, Vietnam and Thailand.
  • Review presentation decks and present CCIB credit risk related slides for Singapore and all its subsidiaries including Malaysia, Vietnam and Thailand in external agencies meetings.
  • Review presentation decks and present CCIB credit risk related slides for Singapore and all its subsidiaries including Malaysia, Vietnam and Thailand to external auditors.
  • Involve in inspection launched by local regulator and respond to “Request for Information”

Other Responsibilities

• Embed Here for Good and Group’s brand and values in CCIB Singapore Credit Risk team.
• Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.
• Acting as SCO CIB Singapore Delegate where required and assisting SCO CIB Singapore on any responsibilities to be assigned.
• Holder of this role continues to maintain GM / BCA approving responsibilities wherein authority is Senior Credit Officer or Senior Credit Manager authority.

Skills & Experience

Our Ideal Candidate

• 10+ years of experience in the banking industry 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.
• 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 of SCO, CIB Singapore – LCMM / GS.
• Non-technical skills: Significant relationship management experience with external stakeholders at the most senior levels, including regulators and rating agencies
• Banking training: Role specific training which are mandatory and developmental
  • Risk Management Framework
  • Core Credit Curriculum
  • Other training as deemed mandatory by the bank and updated on a periodic basis

Role Specific Technical Competencies

• Risk Management and Internal Controls
• Risk Management – CCIB Credit Risk
• Risk Management – Operational 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.

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