Manager, Credit Risk Management at Standard Chartered Bank

Job ID: 2200004705
Employee Status: Permanent

Role Responsibilities
Strategy:

• Inform the development of business plans with the provision of cost and impairment forecasts and a balanced judgement on the external environment
• Contribute to the development of performance management, in order to encourage the development of an appropriate risk culture and discipline

Business:

• Communicate the strategic intent and collective agenda of the function
• Maintain and develop risk capabilities and skills to meet ongoing business needs and plans

Processes:

• Ensure effective management of operational risks within the function and compliance with applicable internal policies, external laws and regulations
• Continuously improve the operational efficiency and effectiveness of risk management process

Risk Management:

• Proactively identify portfolio problems and take corrective action by effective use of MIS and Analytics
• Manage all problem portfolio exposures in accordance with acceptable norms of appropriateness/timing of classifications, non-accruals, and write downs of assets.
• Ensure compliance to Group Policies for Secured segments, ensuring timely gap analyses are done and dispensations obtained where required.
• Own and implement effective quality assurance framework across WM portfolio  
• Ensure effective monitoring and portfolio management of Wealth Management Lending in line with Group standards and local regulations
• Initiate stress tests as required by internal and external factors affecting secured portfolios and review results and assess their implications
• Ensure that effective management response plans are in place to respond to extreme but plausible scenarios
• Direct appropriate response to material events or other risk issues that come to the role holder’s attention
• Ensure that material risk exposures and related issues are reported to the responsible governance committees
• Ensure appropriate judgement is applied in the discharge of risk authorities assigned to the jobholder, taking account of concentration risk across sectors, geographies, and markets where applicable.
• Design, maintain and effectively communicate risk control parameters across the retail clients business, including policies, control standards, risk exposure limits and other control levers in order to maintain the business’s risk profile in line with the Group's risk appetite
• Maintain a good understanding of the requirements of key external stakeholders in respect of credit risk management and ensure these are well understood internally and reflected in internal procedures
• Ensure business and product heads understand and accept their credit risk management responsibilities
• Ensure timely reporting of related portfolio information to relevant stakeholders

Governance:

• Ensure compliance to Group and regulatory policies
• Ensure compliance to the CCPM

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 the Global Support Functions Risk (GSF Risk)  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.
• Central Bank of Nigeria prescribed responsibilities
• Exercise authorities delegated by the Board of Directors and act in accordance with Articles of Association

Key Stakeholders
Internal:

• CCH Nigeria & W/Africa
• CCH Ghana
• Head Collections
• Senior Analyst, PM & F

Internal:

• CCH Nigeria & W/Africa
• CCH Ghana
• Head Collections
• Senior Analyst, PM & F
• Africa Regional Credit Managers
• Product Managers – WM Lending,
• Head RRO
• Head Payment and Transacting
• Legal and CFCC
• Quality Assurance and Control
• Country technology

External:

• Regulators and Central Banks in the Cluster
• Credit Bureaus
• External auditors

Other Responsibilities:

• Embed the Group’s brand values
• Perform other responsibilities assigned under the Group, Country, Business, Functional policies and procedures
• Manage the credit policy function
• Affirmation of controls – check and reaffirm all the controls for client limit, caps and tenors
• Assist in product development and its delivery standards
• Review product policy and operations in order to make positive contributions and recommendations
• Perform test of controls to reaffirm the proper functioning and adequacy of existing controls before product launch
• Maintain portfolio quality within budgeted parameters for the asset portfolios
• Ensure legal, regulatory and group compliance
• Revalidate the caps set for the different segments and plans
• Obtain and utilise the necessary reports for portfolio management

Job Requirements

• Academic or Professional Education / Qualifications: University Degree background with credit risk management experience
• Licences and Certifications/accreditations: minimum of 3 years of Retail Banking experience with proven credit skills
• Professional membership i.e., required roles for continuous development/improvement/awareness of current practices
• Bank training i.e., mandatory & developmental – role specific, and regulatory/compliance bank wide & role specific: Credit Risk Management training
• Languages: English