Senior Credit Manager
Standard Chartered Bank

JOB SUMMARY

The role holder will be responsible for:

• Managing credit risk as part of the second line of defence ("2LoD") within the Specialised Finance ("SF") Risk for Corporate and Commercial and Institutional Bank ("CCIB") Financial Markets ("FM") businesses ("1LoD").
• This opportunity will suit a Senior Credit Officer / Director profile with the relevant background and proven expertise in corporate cash flow lending, specifically Commercial Real Estate, leveraged finance / direct lending, asset-backed lending (asset-backed securitisation, margin financing); and fund financing (NAV).
• The wider global team also covers Project & Export Finance and Transportation (Shipping & Aviation financing) asset classes.

The role will require you to:

• Will be involed in high volume deal screening and due diligence of new transaction requests from inception, with the ability to unpack complex situations or niche sectors to find out-of-box solutions, and value creation for clients.
• Having experience or previous exposure to underwriting and syndication standards, to there by be able influence structuring process
• Promote revenue growth whilst protecting against the downside risk by identifying the short- to medium-term risks.
• Act as the Credit Risk control owner under the Group's Risk Management Framework (including relevant Operational Risk Framework ownership for Credit Risk) and ensure a full understanding of the risk and control environment in area of responsibility.
• Credit approve 1LoD prepared credit applications and rating assessments using subject-matter expertise and manage a portfolio of unique counterparties with early-stage detection of credit deterioration
• Prepare and present periodic portfolio monitoring reviews with senior 1LoD stakeholders and senior 2LoD Risk partners.
• Awareness and understanding of regulatory framework in which the bank operates, and the regulatory requirements and expectations relevant to the role.
• Ensure that the relevant 1LoD and 2LoD owners understand and accept their risk management responsibilities, where risks are managed and risk-return trade-offs are made, in line with Credit Risk frameworks.
• Proactively seek for improvements in 2LoD and lead associated internal initiatives related to governance, regulatory, policy, or risk driven reporting.
  
• Ensure a robust effectiveness review process to Credit Risk and escalate significant matters and / or gaps in implementation to senior management and the relevant committees.
• Monitor compliance of approved risk appetite using the risk information reporting and highlight significant matters to the attention of senior management and senior risk committees.

RESPONSIBILITIES

Strategy

• Awareness and understanding of the Group's business strategy and model appropriate to the role.
  

Business

• Awareness and understanding of FM and wider businesses, economic and market environment in which the Group operates.
  

Processes

• Ensure effective management of the operational risks within the Risk and compliance with applicable internal policies, and external laws and regulations.
  

Risk Management

• Ability to make credit decisions / recommendations with semi-complete information, but sufficient to form a sound, well-grounded credit view, in a compressed time schedule.
• Confident with stakeholder management and ability to express and communicate a credit opinion (written and orally). This will require getting their buy-in on credit recommendations (including the case when it is a negative recommendation).
• Independently recommend / approve transactions after reviewing credit and rating proposals in line with defined risk parameters, negotiated credit terms and documentation review.
• Dynamically manage a portfolio of asset classes and credit risk counterparties (often bespoke) in the global portfolio, understanding each client by geography, industry, and structural differences
• Have a relationship with Regulators
• Initiate stress tests as required by internal and external factors
• Act as the Credit Risk control owner under the Group's Risk Management Framework (including relevant Operational Risk Framework ownership for Credit Risk) and ensure a full understanding of the risk and control environment in area of responsibility.
  
• Obtain assurance regarding the effectiveness of the business controls and compliance with applicable laws & regulations.
  

Governance

• Actively participate in key committees through standing membership / invites.
• Lead engagement with local Executive Risk Committees ("ERC") on SF Portfolio booked in the region. Represent Specialised Financing at the Regional Risk Committee.
• Formulate and obtain approval of Portfolio / Underwriting Standards which are supportive (from credit risk perspective) of the business strategy of various segments.
• Ensure effective implementation of Group Policies / Circulars / Procedures.
• Ensure timely submission and accuracy of Specialised Finance credit portfolio data to the Risk Committee. These include, but may not be limited to, the following:
• Risk MI reports.
• Specialised Finance exposures (as required by local regulator reporting).
• Details of approved breaches of Group and Local Credit Policy (including details of mitigating circumstances).

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. This includes understanding and ensuring compliance with, in letter and spirit, all applicable laws, regulations, guidelines and the Group Code of Conduct.
• Demonstrate comprehensive knowledge of applicable PRA and local regulatory requirements.
• Risk capabilities are objective, consistent and compliant with PRA and applicable regulations.
• Effectively and collaboratively identify, escalate, mitigate, and resolve risk, conduct and compliance matters.

Key Stakeholders

Internal

• Members of Group Chief Risk Office, Corporate, Commercial and Institutional Bank's ("CCIB") Risk teams
• Regional & Country Business, Product, Client Coverage Heads
• Regional & Country CEOs
• Group Heads of Control functions

External

• Prudential Regulation Authority (PRA)
• Key regulators in relevant locations
• Group and country's external auditors
• Economic and Industry Associations
• Counterparts in major financial institutions

Our Ideal Candidate

• Market Knowledge: Substantial experience at the highest level in the banking industry, including demonstrated success in similar role within the same product / business area. Leveraged Finance, CRE, Project Finance
• Risk Management and Control: Demonstrated track record in successful management and ability to manage risk in geographically dispersed and highly varied product base.
• Strong understanding of credit risk, financial analysis and structuring, and their application in lending decisions for single counterparty credit risk appetite. This would be gained from an investment bank or a structured finance group of a major international organization
• Regulatory Framework and Requirements: Awareness and understanding of regulatory framework in which the bank operates, and the regulatory requirements and expectations relevant to the role.
• Non-technical Skills: Significant relationship management experience - with external stakeholders at the most senior levels, including regulators.

Role Specific Technical Competencies

• CCIB Credit Risk
• Business Partnering

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.

Expected annual base pay range for the role is 144,160 USD to 216,240 USD. The final offer will be determined on an individualised basis using a number of variables, including but not limited to skill set, depth of experience and education, internal relativity, and specific work location. At Standard Chartered Bank, Base pay is only part of the total compensation package. Discretionary variable pay and a range of attractive bank sponsored benefit programs are available and designed to foster employee overall health and well-being including, but not limited to, a best in class 401k plan with up to 8% employer match, robust medical plan coverage with employer funded Health Savings Accounts, inclusive family building benefits, and flexible/hybrid working arrangements for many of our positions subject to role specific considerations

Visit our careers website www.sc.com/careers

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