Latest Vacancies at Standard Chartered Bank Nigeria

Job ID: 2100032500
Job: Risk
Employee Status: Permanent

The Role Responsibilities

• The management and monitoring of all the operational risk Standard Chartered Group and its subsidiaries are exposed to as a result of the business activities and processes that exist in both the Business and Function teams in Nigeria.
• This includes oversight of the operational risk profile of the SCB organisation, Nigeria and working with the teams to identify material risks requiring management attention.

Strategy:

• Inform the development of business and support functions plans, exercising appropriate focus on the implementation of robust operating environments, within risk appetite, to support business aspirations.

Business:

• Awareness and understanding of the wider business, economic and market environment in which the Group operates

Processes:

• Framework and standards formulation, implementation and assurance
• Framework Certification
• Risk Reporting

Risk Management
Risk Appetite:

• Periodically assess the Business operational risk profile to maintain alignment with the Country risk appetite.
• Review and challenge Business strategy where this is not aligned with the Country risk appetite;
• Maintain operational risk capability and a control environment which is in line with the operational risk appetite

Risk Control Ownership of operational risk:

• Provide a central contact point and oversight over all controls required to effectively manage operational risk within the Business that arises from the end to end processes.
• Challenge the completeness of risk identification, monitoring and assessment of the corresponding control activities required within the end to end processes to identify and follow through the remediation by the 1st line of any significant deficiencies.
• Ensure compliance with Operational Risk policy & procedures.
• Where the country 1st line redesigns controls in response to internal and external factors, validate such redesign and ensure global sign off on the redesign prior to implementation in the Business.

Risk identification and Assessment:

• Validate and challenge the first line risk identification and assessment of gross and residual risks arising within the end to end processes.
• Assess the control environment including, but not limited to, control design, control execution, control testing and control history.
• Recommend changes to the control environment or to business practice where necessary to reduce the level of operational risk exposure to within the agreed appetite. Ensure such changes are agreed with global process owners and global OR Officer for that function prior to Business implementation.
• Review the design of effective process controls by the 1st line to manage all material risks linked to the process control failure.
  • Identify Local Control Gaps - Regularly assess all key controls against the Business/Country risk profile to monitor exceptions and identify gaps.
  • Optimise portfolio of local controls - Regularly assess existing Local Key Control Standards, key risk indicators (KRIs) and key control indicators (KCIs) to ensure cost effectiveness, efficiency and relevance.
• Provide a balanced and informed assessment of all operational risks arising from acquisitions or major change initiatives or projects within the Country.

Risk Acceptance:

• Review and approve risk record templates for acceptance of medium, high and very high Business level risks.
• Accept the classification and accurate reporting of operational risk events and the appropriateness of mitigation actions.
• Challenge relevant Business units’ activities where risks are not aligned with control requirements or risk appetite.
• Sign off on new products on behalf of Operational Risk through the Country Addenda process.

Risk Monitoring:

• Ascertain and confirm that Business risk registers, KRIs, KCIs, and control sample testing are effectively implemented.
• Periodically review operational risk assessments to ensure these appropriately reflect changes in environment, mitigating controls and the progress of treatment plans.
• Systematically monitor process control effectiveness where there are material risks of process control failure.
• Work with local Business and Functions representatives to receive control and risk metrics in order to monitor KRIs and KCIs.
• Review and update annual key control testing plans.

Risk & Loss Reporting:

• Ensure that risks requiring acceptance as escalated as per the policy for Operational Risk Assessment and Acceptance
• Approve the classification and accurate reporting of operational risk losses.
• Report and escalate significant operational risk events (SORE).
• Deliver Root Cause Analysis reports for relevant events
• Provide risk information/updates to Country Operational Risk Committee (CORC)/ Country Risk Committee as appropriate.

Stress Testing:

• Conduct, at least annually and with guidance from Group specialists, a stress test and scenario programme for operational risk [as part of ICAAP], review the results and assess their implications.

Root Cause Report:

• Ensure that operational losses, near misses and audit fails are escalated to Group Functions in a timely fashion within the 1st line & Group OR
• Support the preparation and ensure the delivery of RCA for Unsatisfactory Operational Risk event as per procedure.

Strategy & Planning:

• Inform the development of country business plans, exercising appropriate focus on the implementation of robust operating environments, within risk appetite, to support business aspirations.

Governance:

• Risk Governance
• Align the business operational risk management approach to the Operational Risk Framework and the Risk Management Framework and oversee its effective application.
• Ensure that the Business Head and Unit Heads and relevant staff understand and accept their operational risk management responsibilities.
• Represent Operational Risk in the Retail Clients Operational Risk Forum and Functions Operational Risk Forums in the country.
• Support training initiatives from Group OR, wherever required, and when time permits, to Business UORMs.
• Provide support to the Cluster Operational Risk Officers in their duties in the governance Secretariats and in advisory capacity.

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 Operational risk team to achieve the outcomes set out in the Bank’s Conduct Principles: [Fair Outcomes for Clients; Effective Operation of Financial Markets; Financial Crime Prevention; The Right Environment.]
• Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.

Key Stakeholders:

• Business & Function Heads
• Group Operational Risk
• Country / Group Internal Audit
• External auditors and regulators

Other Responsibilities

• Embed Here for good and Group’s brand and values in Operational risk team
• Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures

go to method of application »

Job ID: 2100033986
Location: Lagos
Job: Operations
Schedule: Full-time
Employee Status: Permanent

The Role Responsibilities
Strategy:

• Appraise and contribute to the development of the Bank’s strategic plans.
• E2E ownership of the client onboarding journey to drive credit quality, client experience and operational efficiency.
• Align the Credit risk and lending operations strategy of the function with business strategy and risk appetite and oversee its execution. For positions overseeing fraud – embed all principles of fraud operations to have an effective onboarding strategy. For positions not overseeing Fraud Ops to – work closely with the Fraud Operations team in embedding the strategy
• Effectively deliver the strategic initiatives on digital onboarding and embedding new technologies for auto credit decision and faster TAT. Embed principles of Right Shoring.
• Build a Centre of Excellence to support the shifting of risk management to the frontline.
• Support to strengthen the Organisation’ s risk culture and accountability and help reinforce the defence line up.
• Represent the underwriting and lending operations function in relevant country committees and management forums.
• Supervise the teams to achieve sound management of all aspects of Credit and Lending Operations in relevant country/GBS Cluster
• Support to enhance Priority, Affluent and Private business as best in class CVP and Support to deliver Signature Client Journeys
• Support Personal Banking agenda with Digital led model.
• Embed innovation, digitisation and New ways of working by defining and actioning future state operating model.

Business:

• Define the strategic intent and agenda for the Credit risk operations and Lending operations function.
• Provide Group information, guidance, best practice and expertise to ensure that the Function applies the same business strategy and operate the risk management system;
• Communicate to the Business the strategic intent and collective agenda for the Function;
• Maintain and develop underwriting and operations capabilities and skills to meet ongoing business needs and plans – awareness and understanding of the wider business, economic and market environment in which the Group operates.  
• Ensure the Fraud Risk Management framework is effectively embedded and communicated across the business segments and lending products.
• Develop effective fraud risk management strategies and timely deploy these strategies across products and channels

Processes:

• Lead the efforts to develop, deploy and optimize country credit initiation strategy and processes.
• Adhere to Global Cap Plan and MIS + Policy governance framework
• Good understanding of Credit Policy and Fraud Process Standards. Understanding of implementation of Credit Decision Engines, Scorecards and tools for credit underwriting
• Run day-to-day underwriting and operations and lead its team by example. This requires keeping track of performance metrics, taking corrective actions, analysing bottlenecks and implementing solutions that bring process performance to the next level. Examples of critical success metrics would be improving TAT, reducing the % of portfolio in late repayment, etc.
• Identify and track Key Performance Indicators (KPIs) and Key Risk Indicators (KRIs) to support the Approval quality and daily operations. Awareness of TTD Quality, score band shifts and linking evolving trends to credit operations approach and training.
• Cross functional experience in Risk – Collections / Fraud / Credit Policy preferred
• Cross product underwriting experience – Business Banking,Mortgage, Credit Cards,Personal Loans etc.
• Ensure effective management of operational risks within the Function and compliance with applicable internal policies, and external laws and regulations. Identify and report all weaknesses inherent in the standard controls .
• Leads the development of the design, management and adherence of key operating controls and levers that improve end to end decisioning efficiency and customer experience.eg:Workflows ,EUC
• To ensure Approval of Applications as per policies in DOI and Bulletins and supporting in achieving  a superior End to End TAT.
• Ensure capacity is adequate to support the processing, and the linkage between capacity planning, volumes and expenses remains robust at all times.
• Work with  Business Partners, Product Partners and Risk team members to optimize Strategy and Processes
• Manage and improve unit costs.
• Establish initiatives and plans to improve performance.
• Improve Approval quality and productivity
• Operational Excellence Rework reduction / TAT reduction
• Early Deliqnuency Reviews and feedback to policy teams.
• Cross functional training to develop risk awareness and culture.
• Service Reviews embedded with KPIs , KRIs and KCIs .
• SLA adherence
• Ability to review and work with CCH and stakeholders to eliminate pain points in relevant processes
• Monthly meeting With Country Credit Head , Policy and process control unit to discuss deliquent cases , Risk Decision Framework and Approval Rate Reviews .
• Effectively manage and handle escalations/process breaches
• Help team improve their efficiency in assessment of applications – not sure what this means as there is already text on optimisation etc .
• Responsible for managing vendors supporting the onboardign activites including those that are outsorced.
• Develop and maintain fraud management capabilities, skills and infrastructure in the region that are in compliance with both internal policies and external regulations and are responsive to fraud attacks
• For positions also overseeing Fraud Risk Operations – Application Fraud Risk And Surveillance fraud
• Effectively manage E2E process archival and document management guidelines for Lending operations
• Controls on Independence / principles of dual control etc. for loan disbursement
• Oversee plastic ordering and fulfilment responsibilities
• Oversee Outsourcing arrangements as applicable

People and Talent:

• Lead through example and build a risk culture within the Function and across frontline.
• Establish a plan and timeline to develop a Beginner to Advanced understanding of Credit Risk Management within the function. Is this country specific? Should this not be Group led with country in execution mode?
• Embed with in the team Agile and New Ways of Working.
• Ensure the provision of ongoing training and development of people and ensure that holders of all critical functions are suitably skilled and qualified for their roles. 
• Employ, engage and retain high quality people, with succession planning for critical roles.
• Responsibility to review team structure/capacity plans.
• Set and monitor job descriptions and objectives for direct reports and provide feedback and rewards in line with their performance against those responsibilities and objectives.
• Appropriately certified and ensure a culture of Risk learning
• Drive a self-improvement culture with focus on Credit Quality, OKRs and A3s

Risk Management:

• Support Country Credit Head to uphold the integrity of risk/return decisions, by challenging business and control function heads to demonstrate that risk origination and control decisions are properly informed and consistent with strategy and risk appetite.
• Support the CCH and CRO to shift the risk management to the frontline which in turn strengthening   the organisation’s risk culture and accountability and reinforce the defence line up.
• Ensure risk identification, measurement and mitigating capabilities are built in the function which are objective, consistent and compliant with applicable regulations
• Assign Lending authorities only to suitable named individuals in line with their skills and judgment – is this allowed? I thought lending delegation is by Credit Risk team with no sub-delegation.
• Document all tests, strategies and outcomes implemented in Credit Initiation.
• Obtain assurance regarding the effectiveness of all process and controls. Compliance with applicable laws and regulations.
• Capability to analyse and accept employment, Income, scorecard, application/behaviour scores, valuation risk ratings outside of policy (within CAD guidelines)
• To comply with the bank’s requirements of AML, CDD and all policies related to the group reputation risk.
• Relevant DOI/Bulletins/CCPMs are checked before processing and/or approving a request, in case of any exception the same is pended/rejected and reported.
• Develop a collaborative relationship with regulators, peer banks and fraud risk industry forums to help detect and mitigate fraud
• Ensure various fraud risks are being actively prevented and detected in a timely manner on an end-to-end basis

Governance:

• Maintain a good understanding of the requirements relevant to the role and ensure that these are well understood reflected in internal procedures.
• Maintain and open and cooperative relationship in dealings with Second Lind and third Line.
• Support the Risk owners to ensure business heads and all risk control owners understand and accept their risk management responsibilities.
• In the event of regulatory breaches, policy breaches or where credit appetite have been breached, ensure senior management are informed and that actions are taken quickly to remediate.
• Identifying and reporting all exceptions on non-compliance with standard controls
• Service level are to be checked and monitored and ensure there is no breach.
• Participate and contribute in relevant Country governance forums and committees
• Ensure outsourcing arrangements related policies and procedures are fully complied in-country

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 Credit Risk Operations and Lending Operations function 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.

Key Stakeholders
Internal:

• Country Head of CPBB
• Members of Country CPBBMT
• Global Head Risk Operations and Lending
• Head Fraud Operations
• Head Credit Risk Operations and Lending (global)
• Country COO / Regional COO
• Country Head Onboarding
• Country Credit Head
• Country Head of Policy
• Country Head Fraud Operations and FRM second line
• GBS /Country teams depending whether role is in country or GBS.  
• GIA and BRM
• Group Stakeholders as relevant for initiatives
• Outsourcing arrangements

External:

• Regulators and Central Banks
• External auditors

Other Responsibilities:

• Embed ‘Here for Good’ and the Group’s brand and values in Country and Region.
• Perform other responsibilities assigned under Group, Region, Country Business or Functional policies and procedures.

Our Ideal Candidate

• CA or a Master’s Degree in Business Administration in either of Finance, Business, Economics, Mathematics / Statistics is preferred.
• At least 15 years of banking experience, with bulk of it being in the Credit Risk Management domain. Minimum 10 years of underwriting / Risk policy experience for Big Markets   
• Team Management Experience
• Experience in holding Delegated Lending Authorities and Approving High ticket Loans.
• Qualified in Certifications, CLSB (Omega Learning) , CSA (Omega/Moody’s) or equivalent
• Understanding of the full credit lifecycle including acquisition, fraud, account management, collections and recoveries
• Good understanding of the key drivers of Asset products financials and the underlying consumer behaviours that drive those financials
• Numerically savvy, able to work with data, perform analysis and communicate results.
• Strong analytical skills and problem-solving abilities
• Able to manage incidents, including liaising with IT and stakeholders to ensure smooth resolution, design and implement system changes
• Experienced in performance management. Capable of understanding process shortcomings and set up key performance indicators to measure improvements
• Strong interpersonal skills, ability to connect with customers, direct reports and Management teams.
• Familiar with regulations and must possess sound market and industry knowledge.