Job Description

Role Responsibilities

• To uphold the integrity of Wealth Lending (PvB &PrB) risk/return decisions, and in particular for ensuring that risks are properly assessed (including product approvals and LTV assessment) and are controlled in accordance with the Group\'s standards and its Risk Appetite
• To ensure the Risk Management Framework is effectively communicated and implemented across Wealth Lending (PvB & PrB) and for administering related governance and reporting processes related to Capital Markets Products & Solutions (CMPS) products.
• To ensure that there is a robust process for assigning and monitoring LTVs across all CMPS products and implement the LTV policy in all PvB/WM locations.
• To provide risk oversight over all CMPS product approvals, expansion of product suite and related system enhancements
• To have risk oversight over credit related operations processes in the Wealth Lending business

Business

• Partner with the business on strategic initiatives
• Appraise and contribute to the development of CMPS business/product review through active participation in proceedings relevant working groups

Processes

• Ensure oversight over processes in place in WML to maintain adherence to the LTV policy
• Risk representative for credit related operations processes and related systems enhancement in WML.

• Ensure that material risk exposures and related issues are reported to the responsible governance committees.
• Continuously improve the operational efficiency and effectiveness of risk management processes

People & Talent

• Uphold and reinforce the independence of the Risk function from those whose primary responsibility is to maximize short-term revenues and profits
• Coach and mentor team members
• Conduct training sessions for Relationship Managers related to LTV methodology, systems and processes

Risk Management *

• Assist the Head of Credit Risk Management WML & Head PMG in implementing the overall Risk Management Framework for Wealth Management
• Assignment of standard Loan to Values (LTV) across all CMPS products (bonds, equities, structured products and derivatives). Assign non-standard LTVs after suitable risk assessment and provide input to country Wealth Lending risk teams for assignment of client specific LTVs
• Ensure that all LTVs in Wealth Lending (PvB&PrB) have PMG oversight and are assigned and reviewed on a periodic basis
• In coordination with the Head of Credit Risk Management WML & Head PMG, create appropriate response to material events or other risk issues that come to the CRO\'s attention
• Provide risk input for CMPS related Product Approval documents
• Evaluate products for distribution by CMPS across all asset classes as member of the relevant Product Approval Groups.
• Provide risk oversight over expansion of product suite and related system enhancements for CMPS products
• Ensure risk identification, measurement and modelling capabilities for Wealth Lending are objective, consistent, and compliant with applicable regulations
• Ensure that material risk exposures and related issues are reported to the responsible governance committees
• Define criteria for evaluation of providers and products for distribution by PvB and Priority businesses.
• Act as primary point of contact for and maintain Operational Risk processes covering Wealth Lending Credit Risk
• Group residual risk rating recommendation and approval
• Challenge the completeness of risk control activities across Operational Risk Control Areas and identify and address any significant gaps that may exist between them
• 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

Governance

• Assist the Head of Credit Risk Management WML & Head PMG in implementing the overall Risk Management Framework for Wealth Management and Private Banking
• Actively participate in applicable program steering committees and product approval groups
• Develop standardized MIS across all locations to capture and monitor portfolio KPIs (including risk appetite metrics)
• Manage control and governance framework through monitoring of CSTs.

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

• Head CRM Wealth Lending / Head PMG
• Global Head Wealth Lending
• Frontline stakeholders
• Country WML Credit Risk teams
• Internal Audit

Our Ideal Candidate

• 7+ years experience in the financial services industry with understanding of the dynamics of financial markets across asset classes, price movements and volatility assessment
• Experience in FX/Derivatives risk management
• Understanding of credit related processes and operational risk management
• Strong inter-personal skills and ability to work successfully with multi-cultural teams in diverse locations
• Analytical mindset and ability to work independently
• CFA/FRM certification will be considered an advantage

Role Specific Technical Competencies

• Financial markets knowledge across multiple asset classes
• Analytical thinking
• FX & Derivatives risk management
• Wealth Lending Risk Management

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

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