Credit Analyst at Standard Chartered Bank

Strategy

• To provide insightful, relevant, succinct and timely (see below) credit analysis of a portfolio of SCB’s clients (current or prospective). 
• This includes responsibility for proposing counterparty credit grades via the relevant scorecard, and ongoing monitoring for credit-material events. While the portfolio will be industry / geography specific in focus, the role extends to analysing other clients as may from time to time be required.

Job Description

• Insightful: Attuned to the needs of two audiences – Client Coverage and Risk - the analysis should provide a forward-looking, focused opinion on the likely development of both business and financial risk elements in their industry / geographic context together with a calibrated articulation of key risks and potential mitigants thereto.
• Relevant:  As well as a holistic counterparty assessment, analysis should comment on structural elements relevant to SCB’s existing or proposed exposure such as guarantee and security arrangements
• Succinct: While always providing sufficient granularity to substantiate its conclusions and observations, the analysis should present opinion in as structured and succinct a manner as is practical
• Timely:  While focused on the prescribed annual review cycle, analysis will also be required where material new exposure is being considered by Client Coverage.  In addition, more summary analysis should be produced and disseminated quickly, where relevant

Additionally, for any BCA submission it will involve the following:

• Critical review of Environment and Social Risk Assessments, Appropriateness and Suitability Assessments (FM Products);
• Consistency and coherence review of the Approved Account Plan, Raptor (or equivalent), Client & Group Facility Summary & Structure (including Terms and Conditions)
• Active partnership with Client Coverage in completion of Risk Profile, Compliance Details, as well as proposed Covenants and Risk Triggers
• Overall accountability for consistency and coherence of the complete BCA package submitted to Risk will rest with Credit Analysis and is a key element of the strategy.

Business:

• To partner the team’s two key stakeholder communities, Client Coverage and Risk, supporting the former in developing and executing their client strategies and both in respect of credit analysis-relevant matters. 

Processes:

• Timely drafting of credit analysis as directed by the relevant Team Leader.  Such analysis should be Insightful, Relevant and Succinct (see Strategy) and include the following, inter alia:
• Discussion of the dynamics and nature of the Client’s industry, including key risk aspects
• Assessment of the Client’s competitive positioning within its industry
• Discussion of management strength, experience and track record and corporate governance more broadly
• Articulation of the Client’s strategy and an assessment of its clarity and associated execution risks
• Assessment of funding strategy, financial policy, treasury activity (hedging, cash management) and liquidity
• Development of a current / forward year base forecast performance expectation
• Assessment of balance sheet strength, alongside cashflow and profitability vulnerability, via ratio analysis and/or stress testing
• Discussion of other pertinent risk aspects, including country risk, parental and/or governmental linkage/support, relative ranking of indebtedness, Fraud risk
• Evaluation of risks associated with particular proposed transactions, where required
• Completion of Group Mandate/BCA Part 1, Part 2, financial analysis/spreads, scorecards
• Ensure use of appropriate calculator in alignment with Credit Policy for relevant approvals (e.g. Raptor, Group Aggregation Calculator)
• Complete ESRA (Environment and Social Risk Assessment) Checklist;
• For Cat 2 lines, complete Financial Markets Appropriateness and GWWR Attribute checklist;
• For Cat 2 lines, Credit Term Sheet updates based on RM/Risk feedback
• Supporting business on structuring deals
• Documentation support on credit aspects and working with IMO on BCA reworks
• Testing and Monitoring Covenants & Risk Triggers
• EAR & ASTAR reporting/updates to credit
• Seek pre-approval endorsements (where applicable)
• Preparing country specific regulatory check-lists (where applicable)Credit stress testing
• CCC Certification
• Preparation of other analysis as directed by the relevant Team Leader, such as Industry specific reviews, portfolio reviews, assessments of new prospects etc.

People and Talent:

• Support CA Head and others in the team on ad hoc projects, strategic initiatives and exercises aimed at improving or enhancing the team’s activities
• Continually strive to share key relevant knowledge and learnings with others across the team
• Provide credit specific coaching to newer or less experienced members of the team
• Provide credit specific coaching to newer or less experienced members of the team
• Provide strong leadership to CA team ensuring independent, quality and timely credit analysis
• Manage team capacity catering to cyclical workloads - ensure timeliness by proactively planning capacity catering to cyclical demands and peak periods
• Develop training plans for team including induction pack for new joiners
• Support Business in the on ad hoc projects and strategic initiatives
• Monitor metrics and demonstrate quality and timeliness on credit work.

Risk Management:
In respect of Clients where the role-holder is assigned as analyst:

• Proactive monitoring of key entity or industry wide events and/or developments, as well as of covenants and risk triggers where applicable
• Partnering Relationship Managers in pursuing their client strategies through proactive idea generation, support in preparing materials for client discussion and through ensuring they are always fully briefed on key risk aspects
• Partnering Risk through clear presentation of credit analysis and proposed credit grading, as well as through proactive and considered discussion of key risk aspects
• Accompanying Relationship Managers on client visits, as part of general due diligence in respect of credit analysis
• Acting as a broader point of expertise in respect of credit aspects with Product and others across SCB
• Coordinate and conduct Stress Tests and portfolio review exercises for periodic check on the health of the portfolio
• Preparation of other analysis, such as Industry specific reviews, portfolio reviews, etc.

Governance:

• Maintaining integrity in analysis at all times is critical. This includes frequent and iterative discussion with both Client Coverage and Risk around draft analysis, key sector / geographic trends, as well as discussion of covenants, risk triggers and the like.  It involves proactive idea generation and discussion with Client Coverage around potential business opportunities for SCB, assisting both Client Coverage and Risk around transaction structuring and execution, where relevant, and identifying and alerting stakeholders of emerging risk aspects on a continuous basis.
• Manage the credit change process globally across teams when credit policy changes are enacted, analyze gaps and propose solutions that optimize execution
• Coordinate regional / global efforts to ensure compliance with BCA/GM renewal policies, CaRT and other credit administration processes
• Ensure zero BCA/credit review over dues and work to minimize extensions
• Take end-to-end ownership of Compliance with Service Level Agreements between CoE and spoke countries (where applicable), specially with regards to performance under these SLAs. Conduct regular review meetings with spoke countries to discuss feedback regarding the CoE’s performance & formally minute these meetings

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.
• Lead to achieve the outcomes set out in the Bank’s Conduct Principles
• Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
• Exercise authorities delegated by the Board of Directors and act in accordance with Articles of Association

Key Stakeholders:
Internal Relationships:

• GAMs, RAMs, FAMs
• Risk
• Product partners
• CDD, where relevant
• Legal, Audit and Compliance, where relevant
• Physical Commodity Operations, where relevant.

External Relationships:

• Clients
• Rating Agencies
• Market Data Services providers

Requirements

• Candidates should possess relevant qualifications.

Role Specific Technical Competencies:

• Financial Statement Analysis - Advanced
• Credit Analysis and Verification - Advanced
• Risk Management – Internal Controls (SIF) and C&I Credit Risk - Advanced
• Knowledge of Customers - Advanced
• Addressing Customer Needs – Products and Processes - Advanced
• Analytical Thinking - Advanced
• Industry Knowledge - Advanced
• Problem Management Process - Advanced
• Account Management - Advanced.