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(ML) Senior Manager, Credit Risk Review Jobs – Standard Chartered Bank (Stanchart)
Job Title: (ML) Senior Manager, Credit Risk Review
Organisation: Standard Chartered Bank (Stanchart)
Duty Station: Kampala, Uganda
About US:
Standard Chartered PLC is a British multinational banking and financial services company headquartered in Hong Kong, China. It operates a network of over 1,700 branches and outlets (including subsidiaries, associates and joint ventures) across more than 70 countries and employs around 87,000 people. It is a universal bank with operations in consumer, corporate and institutional banking, and treasury services. Despite its UK base, it does not conduct retail banking in the UK, and around 90% of its profits come from Africa, United Kingdom, United States and the Middle East. Standard Chartered Bank Uganda is the longest established international bank in the country; the first branch was opened in August 1912. We had 11 branches up to 1972 and retained only one branch during the turbulence of the 70s. In 1998 we acquired 4 branches of former Cooperative Bank in November 1999. Standard Chartered Bank Uganda today has a network of 11 branches in Kampala, Jinja, Mbale, Mbarara and Gulu. Standard Chartered Bank Uganda has 29 ATMs and over 600 staff.
Job Summary: The Senior Manager, Credit Risk Review will support the Head, Credit Risk Review in providing an assessment of risks at a portfolio level, supported by intelligent review of portfolio data, risks already identified and discussed in various risk forums and an independent verification through tools such market checks, peer comparison, etc.
In addition, there will be a clear responsibility for ensuring high quality governance around the CRR processes are implemented and followed on an ongoing basis. Continuous assessment of portfolio and governance are the two key objectives for the team in which the Senior Manager, Credit Risk Review will work in.
The scope of coverage includes the Corporate, Commercial and Institutional Banking (CCIB) portfolio. To provide a risk focused, fact-based assessment of CCIB clients’ performance on all elements of the Credit Risk Framework specifically
- Risk Management Principles
- Risk Management Approach / Quality of the Portfolio
- Risk Management Enablers
- Risk Governance
Key Duties and Responsibilities:
Strategy
- Understand and implement the strategic intent and collective agenda for the Function.
Business
- Maintain and develop personal risk capabilities and skills to meet ongoing needs and plans.
Processes
- Ensure effective management of the operational risks within the Function and compliance with applicable internal policies, and external laws and regulations.
- Contribute to the continuous improvement of the operational efficiency and effectiveness of the Function’s risk management processes.
- Ensure that all work undertaken as a member of the Credit Risk Review function is delivered to the highest standards and within agreed budgets each year.
- Contribute to the development and maintenance of work programmes which reflect the current business organisation and operating environment.
- As directed to perform, support and lead the planning, fieldwork and reporting of Credit Risk Review’s engagements to deliver agreed objectives.
- Where guest reviewers are employed by Credit Risk Review, encourage and develop teamwork, and provide technical coaching.
- To identify and escalate significant issues, and ensure these issues are appropriately tracked and followed up (including tracking and reporting of any agreed action plans).
People and Talent
- Lead through example and demonstrate the appropriate culture and values within the function and across the wider organisation.
Risk Management
- Undertake a detailed review of the credit quality, focusing on samples of individual credits, from origination, through to structuring, monitoring and report documentation to provide assurance of effective planning, communication, control and risk management.
- Provide an independent assessment of the credit process and governance benchmarked against Portfolio Standards, Group Policies and Procedures, and Group values.
- Execute the Credit Risk Review function for CCIB and ensure that the programme of reviews is undertaken in accordance with the approved Terms of Reference for the function.
- Ensure that reviews provide a combination of assurance and anticipation; that the reports and findings are accepted by the CCIB business, and any actions arising therefrom are followed through to closure.
- Maintain a good understanding of the requirements of key external stakeholders in respect of risk management and ensure these are well understood.
- Maintain an open and cooperative relationship in dealings with regulators.
Governance
- Responsible for delivering effective governance.
- Awareness and understanding of the regulatory framework in which the Group operates, and the regulatory requirements and expectations relevant to the role.
Regulatory and 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.
- Support the CRR Function to achieve the outcomes set out in the Bank’s Conduct Principles: [Fair Outcomes for Clients; Effective Financial Markets; Financial Crime Compliance; The Right Environment].
- Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
Other Responsibilities
- Embed Here for good and Group’s brand and values in the CRR function
Qualifications, Skills and Experience: Our Ideal Candidate
- Corporate Credit Risk Management Curriculum; Financial Institutions Risk Management Curriculum (preferred).
- Experience of 10 years with a focus on Corporate, Commercial and Institutional Banking (CCIB)
- Strong preference for candidates with Credit Risk approver and Relationship Management background within the CCIB space.
- Strong Technical competencies in credit risk management, stakeholder management, high level of maturity and report writing skill.
Role Specific Technical Competencies
- Experience and understanding of CCIB Credit Risk
- Experience and understanding of CCIB business
- CRM, ACRM or any credit risk certification
Note: This is a multilocation location role (Application is open to applicants from all locations). African Talent are highly encouraged to apply.
How to Apply:
All candidates who wish to join Standard Chartered Bank should apply online at the link below.
Deadline: 16th December 2023
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