Job Description

Role Responsibilities

• To uphold the integrity of the Group's risk / return decisions, and in particular for ensuring that market risks for Credit Trading - Flow, Structured, ABS, Loans and Repo are properly assessed, that risk / return decisions in these areas are made transparently on the basis of this proper assessment and are controlled in accordance with the Group's Risk Appetite.
• To ensure the Risk Management Framework is effectively embedded in Market Risk for Credit Trading - Flow, Structured, ABS, Loans and Repo.
• To exercise direct Risk Control Ownership for Market Risk for Credit Trading - Flow, Structured, ABS, Loans, Repo and Equity.
• To ensure compliance with regulatory requirements.

Strategy

• Inform the development of strategy planning work for Credit Trading related to Market risk.
• Encourage the development of an appropriate risk culture and discipline.

Business

• Adapt and communicate the strategic intent and collective agenda for the Function ("Function" hereinafter defined as the people, processes and infrastructure supervised, overseen, or owned by the Role holder).
• Maintain and develop the Function's capabilities, skills and infrastructure to meet ongoing business needs and plans.
• Meet regulatory reporting requirements.

Processes

• Supervise all processes where a member of the 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.
• Continuously improve the operational efficiency and effectiveness of Market Risk for Credit Trading.

People and Talent

• Uphold and reinforce the independence of the Function from those whose primary responsibility is to maximise short-term revenues and profits.
• Lead through example and build the appropriate culture and values within the Function and across the wider organisation.

Risk Management

• Assess the Market risk profile of the Group for Credit Trading and maintain alignment with risk appetite by rebalancing of risks or controls that may be required in response to internal and external factors.
• Initiate a stress test and scenario analysis programme for Market risk for Credit Trading, review the 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 for Credit Trading that come to the TRM's attention.
• Provide balanced and informed assessment of Market risks for Credit Trading arising from acquisitions and major change initiatives.
• Design, maintain and effectively communicate a framework for setting Market risk control parameters for Credit Trading across the Group, including policies, control standards, risk exposure limits and other control levers in order to maintain the Group's risk profile in line with the overall risk appetite set by the Board.
• Challenge the effectiveness of risk control activities and address any significant gaps or weaknesses that may exist for Credit Trading.
• Maintain a good understanding of the requirements of the Group's key external stakeholders in respect of Market risk management for Credit Trading and ensure these are well understood internally and reflected in internal procedures.
• Obtain assurance regarding the effectiveness of Market risk controls for Credit Trading and compliance with applicable laws and regulations.
• Review, in consultation with Finance, valuation and product control policies and procedures for Credit Trading.

Governance

• Align the Group's Market risk management approach for Credit Trading to the Risk Management Framework and oversee its effective application.
• Develop and maintain risk identification, measurement and modelling capabilities for Credit Trading that are objective, consistent and compliant with applicable regulations.
• Ensure that material risk exposures and related issues for Credit Trading are reported to the responsible risk governance committees and to the Board Risk Committee.
• Ensure effective mechanisms are in place to assign Market risk authorities to suitable named individuals in line with their skills and judgement.
• Maintain an open and cooperative relationship in dealings with regulators.

Regulatory and Business Conduct

• Display exemplary conduct and live by the Group's Values and Code of Conduct.
• Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.

Key Stakeholders

Internal

• Global Head of Credit Trading
• Heads of Trading for Credit Trading
• FM COO Office for Credit
• Business and Product Heads
• Group Internal Audit
• Group Enterprise Risk
• Group Operational Risk
• Group Compliance

External

• Key local regulators in the region
• The Group's external auditors
• Local governance bodies

Our Ideal Candidate

• 9+ Years of experience in Risk, banking domain
• Substantial experience in Credit, including demonstrated success in a similar role. In-depth knowledge and technical skills related to Financial Markets, Market Risk and Credit Risk.
• 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.
• Demonstrated track record in successful management and ability to manage risk in geographically dispersed and highly varied product base.
• Results oriented, with demonstrable experience in driving complex change management initiatives.
• Relevant relationship management experience - with corporate customers at the most senior levels and regulators.

Role Specific Technical Competencies

• Market risk
• Credit derivatives
• ABS
• Equity

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 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.

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