Job Description

Job : Institutional Banking
Primary Location : Asia-Singapore-Singapore
Schedule : Full-time
Employee Status : Permanent
Posting Date : 05/Apr/2023, 11:49:16 PM
Unposting Date : 07/Apr/2023, 5:59:00 PM


Role Responsibilities

• In line part of the Open account growth strategy, we are adding new capabilities enabling us to provide market need based solutions. Buyer underwriting either on a single credit or on a portfolio basis is a proposition we are looking to build. This will complement our existing capability in the receivables purchase solutions in increasing the market and mitigating risks. This can be also leveraged for distributor finance underwriting. We seek experienced, energetic and dynamic Analysts or underwriters who have detailed knowledge of risk analysis/ credit underwriting and related models/processes who has the ambition to build a new proposition. Growing the business and maintain risk control are key to succeed in this role. This role will be a new vertical within the Structured Solutions Development team (SSD) and is a key part of the Trade and Working Capital business of the bank.
• The SSD team is responsible for designing, negotiating, structuring and delivering non-vanilla / bespoke solutions to our client base using a range of products within SCB and from external partners, as appropriate. This team engages/consults with clients on their bespoke or complex needs and provides solutions which are customised. This team builds client specific solutions which may be widely adopted in the future (whilst Sales is about delivering/marketing today\xe2\x80\x99s product which are flow based in nature), working with clients whose needs are more complex and for whom there may be no readily available product on the shelf.

Strategy

• This will be akin to creating a new unit and building it up to scale and hence commercial acumen balanced with strong risk management will be a key.
• Build a market leading team which has the knowledge of industry/clients and risk management.
• Develop and implement processes to underwrite risks for single obligors or a portfolio of names (which may not be clients of the bank). Information (financial and non-financial) may need to be sourced from multiple sources to have effective risk underwriting and control.
• Easy2bank or simplified processes which enable quick closure of opportunities and enabling scale will be a key tenet of the operating process.
• Based on the experience help the global head define strategy for the function globally \xe2\x80\x93 which creates a uniform identity and experience for our clients and account for the regional nuances.

Financial Management \xe2\x80\x93 Product P/L Management
Deliver budget, through active management of:

• Revenue (existing and new revenue streams) (FY 2023-25 $. M)
• Value and number of underwritten transactions
• Risk control on overdue and process/model to ensure these are within specified limits.
• Time to underwrite transactions

Processes

• The candidate would be primarily responsible for developing, maintaining and managing the Credit risk associated with the portfolio and ensuring high quality of the portfolio. This includes managing ongoing quality of portfolio, producing exception reports, review credit extending across entire portfolio to ensure consistency of approach.
• To work with the Head of Receivables Finance product management, Head of Distributor Finance product management and the Head of Distributor Finance Solutions to build a scalable and effective infrastructure.
• The candidate will also be work closely with the relevant client RMs/Credit Analysts, product managers, Middle office teams, operations and risk functions for origination and coverage of a portfolio & play a vital role in deal structuring to add good value from a credit / policy perspective as well as facilitate revenue growth in the portfolio.
• End to end process management for the underwritten portfolio - from identifying needs, structuring to term-sheet and credit approvals in conjunction with the deal team leader. Coordinate inputs and approvals from internal stakeholders on transactions.
• Provide insights in relation to an industry sector, client information.
• Evaluate learning around exception cases and seek to share this with other team members to help properly capture risk profiles and ensure robust credit analysis or model tweaks.
• Assist, train and mentor Junior Analysts/underwriters, Interns and International Graduates.
• Assist other team members on ad-hoc projects / deals etc. as and when required.

People and Talent

• Demonstrate leadership in the team (even where there is no direct reporting lines) by providing expert guidance to the Director level transactors, in identifying opportunities/ solutions for clients, mitigating risks and articulating effectively to risk teams, ensuring process risk issues are identified and minimised.
• Using the broad expertise influence sales and product teams to deliver the priorities.

Risk Management

• To be able to articulate to the Deal, risk and other relevant teams on the most optimal way to enable a quick solution, mitigate its risks and how it helps in a wider investor participation for a financing where required.
• Has comprehensive or wide knowledge of legal aspects linked to an instrument, debt, security in the relevant jurisdictions; local regulations and initiatives of local industry bodies to stay ahead of the regulatory change agenda and/or how it affects the solutions.
• Takes the initiative regarding regulatory, reputational and ethical matters by providing proactive advice to clients and sales teams.
• Ensures adherence with the highest standards of ethics, and compliance with relevant policies, processes and regulations.
• Ensure appropriate inputs are incorporated in Deal Review / transaction Memo/ BCA / Term sheet.
• Actively identify, escalate, mitigate and resolve risk and compliance matters for the region, in a timely manner.

Governance

• Demonstrate accountability for all product related risks for deals and solutions executed for clients in the region by ensuring the right governance standards are applied and provides guidance even when there is ambiguity.
• Ensure timely, accurate and transparent renewal of facilities of clients.
• Identifies and mitigates operational, credit, regulatory, legal, fraud and risks in a transaction.
• Evaluates current processes or solutions via a business Conduct lens.
• Ensures the relevant approvals (including compliance with relevant deal review guidelines) for a transaction or client engagement are sought and can be produced for an audit review at any point in time.
• Takes the lead to ensure compliance, AML and FCC risk and applies appropriate risk mitigation processes.

Regulatory & Business Conduct

• Display exemplary conduct and live by the Group\xe2\x80\x99s 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.
• Compliance with local regulations (MAS) and global regulations (PRA FCA).

Key Stakeholders

• Risk officers, Deal team members, Product team members, Regional and global heads of SSD, Trade, Sales, Compliance officers, operational risk officers.

Our Ideal Candidate

• Underwriters or Credit analysts with 12+ years of experience.
• Strong in risk analysis of a client and of a portfolio.
• Portfolio underwriting experience in Insurance and or asset management industry.
• Experience in substandard asset management and recovery.
• Ability to apply theoretical knowledge to practice to drive new business/risk models.
• Excellent hands-on exposure to financial modelling, Solution / Deal Structuring.
• Knowledge of Receivables purchase / securitisation.
• Excellent in the use of Excel, PowerPoint for analysis/modelling and presentation.
• Excellent analytical skills, with proven ability to interpret, analyse and present information.
• Strong stakeholder management skills to manage multiple stakeholders across Industry, Product and Risk.
• Strong Credit and business strategy skills, with experience in managing large global clients or product teams.
• Self-confident person with a high level of drive, dedication, pride and exceptional attention to detail and a team player.
• Degree or post graduate qualified from a top-tier school.
• Strong understanding of regulatory and compliance obligations.

Role Specific Technical Competencies

• Consulting Proposals
• Knowledge of Product Line
• Market Risk
• Data Analysis Tools
• Disruptive Innovation
• Sales Closing and Agreements
• Financial Statement Analysis
• Credit Analysis and Verification
• International Trade
• Industry knowledge
• Secondary Market Analysis
• Structured trade and commodity Financing

About Standard Chartered We\'re an international bank, nimble enough to act, big enough for impact. For more than 160 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
• Be better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term

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, parental/maternity (20 weeks), sabbatical (12 weeks 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