Associate Director, Stressed Assets Group

Associate Director, Stressed Assets Group

Standard Chartered
Not Specified
Not Specified

Job Description



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 withminimum 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.

The Role Responsibilities

Strategy

  • Demonstrate thorough understanding of the Problem Accounts Management Standard to deliver the GCNA Stressed Assets Group (SAG) Support Team mandate provide policy guidance to internal stakeholders, propose & manage clarification requests on end-to-end basis, implement holistic process improvements / automations through proper documentation, and discharge queries / reporting duties efficiently to allow SAG Account Managers to focus on core account management responsibilities.

  • Assist support team head in advancing policy & process discussions arising from self-identification of issues / team feedback.

  • Reinforce first-line ownership of risk and origination discipline / Risk Management

    • Work with frontline teams, broader Credit Portfolio Management team (CPM), Stressed Asset Risk (SAR), and Credit Risk in the designated region to adhere to the tenets of latest CG 12 and CG 13 / 14 Roles & Responsibility documents, and to latest Problem Accounts Management Standards.

    • Ensure material impairment and related issues are promptly reported to Regional Head CPM / Regional or Area Head SAG.

    • Work with frontline teams to ensure that the Group's risk arising from litigation, environmental claims, regulatory censure, or potential reputational loss in regard to stressed assets portfolio are minimized.

    • Provide feedback to frontline teams regarding improvements in credit origination, documentation, or early problem recognition.




Processes

  • Ensure: i) risks in SAG processes for problem accounts are adequately managed ii) all applicable policies, procedures and control requirements are appropriately implemented and monitored iii) applicable external rules and regulations are complied with, and iv) risks that could be material are identified and escalated timely.

  • Work on automation, troubleshooting and simplification initiatives as part of GCNA SAG Support Team to bring efficiency and facilitate flexible deployment of account management resources within the region.

  • Discharge qualitative reporting duties at HK and GCNA level, including but not limited to:

    • BCBS239 programme

    • Country Risk Information Report

    • Credit Issues Committee paper

    • Recovery indicators

    • Self-assessments (ERMF, HKMA CoBP, HKMA SPM-CR-G6/7/10)




Risk Management

  • Follow and devise appropriate frameworks so that SAG mandate is carried out within the Group&rsquos risk appetite, and reputational and credit risks are appropriately managed in conjunction with other stakeholders.

  • Ensure compliance with the highest standards of regulatory conduct and compliance standards and practices as defined by internal and external requirements. This includes compliance with anti-money laundering regulations and guidelines.

  • Ensure any audit and compliance issues relating to SAG mandate are resolved in a timely manner.

  • Ensure risk management matters that are brought to the job-holder&rsquos attention are subject to direct remedial action and / or escalated, where appropriate to relevant risk committees.


Governance

  • Demonstrate proficiency in identifying key issues, articulate proposed improvement / clarification required with reference to existing policy & procedures, interact with relevant process & risk owners, then agree and track implementation with proper documentation.

  • Accountable for escalation to CPM Management Team and other Group governance committees or to stakeholders in senior management, risk, or control functions as appropriate.


Regulatory & Business Conduct

  • Display exemplary conduct and live by the Group&rsquos 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

  • Internal: HK Local / GCNA Regional Risk Governance (CRO Office), Operational Risks, Country & Business Finance, Distressed Assets Legal, Compliance, Group Internal Audit, IMO / CLM-Ops, Supply Chain Management, Risk Operations, BCBS239 project office

  • Internal: Group SAG Policy & Governance, Data Strategy, Risk Transformation, Amadeus replacement PWG

  • External Bank Auditor, HKMA and relevant local regulator(s) within GCNA region


Other Responsibilities

  • Reinforce the principle of first line ownership of risk in managing emerging risks in the GCNA CCIB banking book.

  • Ensure timely detection and mitigation of emergent risk, and collaborate with Risk, and Financial Markets / Global Credit Markets teams in managing down overall stressed asset portfolio aimed at improving the overall Return over Tangible Equity for the Client Coverage business.

  • Providing transparency on the cost and risk of any mitigation action, and on the underlying decision-making process as they relate to the stressed asset portfolio.

  • Work towards optimisation of RWA and liquidity in the legacy stressed asset portfolio for GCNA.

  • Ensure appropriate data capture / data management that can feed into and improve Client Coverage business&rsquos data and credit modelling regimes.

  • Facilitate alignment with Regional Stressed Assets Risk team and ensure compliance with all Group and local regulatory requirements.



Our Ideal Candidate

  • Good knowledge of fundamental drivers of credit risk, documentary and legal risks, portfolio, and balance sheet management including market and regulatory dynamics



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Job Details

Job Source : scb.taleo.net

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