Standard Chartered Bank | Recruitment

Standard Chartered Bank – 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. As a leading international bank, we strive to help people and businesses prosper across Asia, Africa and the Middle East.

We are recruiting to fill the position below:

Job Title: Senior Credit Officer

Location: Nigeria
Employment Type: Full Time

Responsibilities
Strategy:

• Inform the development of business plans for West Africa. With the provision of cost and loan impairment forecasts and a balanced judgement on the external environment.
• Contribute to the development of performance management and remuneration processes, to encourage the development of an appropriate risk culture and discipline.

Business:

• Communicate the Risk strategic intent and collective agenda for the Function to West Africa ;
• Maintain and develop the Function’s risk capabilities, and skills to meet ongoing needs and plans.

Processes:

• Supervise all processes where a member of the Function is the identified first line process owner.
• Ensure effective management of the operational risks within the Function and compliance with applicable internal policies, and external laws and regulations.
• Continuously improve the operational efficiency and effectiveness of the Function’s risk management processes

People & Talent:

• 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.
• 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.
• Uphold and reinforce the independence of the Function from those whose primary responsibility is to maximise short-term revenues and profits.
• Ensure the provision of ongoing training and development of the Function’s people, and ensure that holders of all critical functions are suitably skilled and qualified for their roles.
• Lead through example and build the appropriate culture and values within the business and across the wider organisation

Risk Management:

• Assess the credit risk profile of the customers in the countries in which I have responsibility, maintaining alignment with risk appetite.
• Initiate stress tests as required by internal and the external environment and taking appropriate action.
• Uphold the integrity of risk/return decisions, by challenging business to demonstrate that risk origination and control decisions are properly informed and consistent with strategy.
• Direct appropriate response to material events or other risk issues that come to the Senior Credit Officer’s (CSO) attention.
• Exercise credit risk control responsibility for Credit Risk, Corporate and Commercial Banking
• Ensure that material risk exposures and related issues are reported to the responsible governance committees and to Group and business-level committees as appropriate.
• Ensure appropriate judgment is applied in the discharge of risk authorities assigned.
• Maintain a good understanding of the requirements of key external stakeholders in respect of risk management and ensure these are well understood internally and reflected in internal procedures.
• Maintain delegated authorities in line with internal policies and ensure that delegations are in line with individual capabilities.
• Actively participate in key committees through standing membership
• Ensure first line process owners understand and accept their risk management responsibilities.
• Maintain an open and cooperative relationship in dealings with regulators.
• Increasing working profits through effective management of the loan asset portfolio in order to help develop the franchise in a sustainable way and minimize provisions.
• Maximizing Economic Revenue through effective management of the risk/reward relationships.
• Maintaining credit quality and standards of professionalism for the risk function.
• Ensure effective implementation of Group Policies / Circulars / Procedures.
• Undertake regular customer visits to better understand the business environment

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 team covering Global Banking and Commercial Banking in West Africa Cluster 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.
• Various Regulators; Nigeria (Central Bank of Nigeria) / other regulators in West Africa

Key Stakeholders:
Internal:

• Regional/Country Global Banking and Commercial Banking Head.
• Regional Risk Management team
• Regional/Country Heads of MTCR, Operational Risk and GSAM
• Regional/Country Product Heads
• Regional/Country CEOs
• Group Internal Audit

External:

• Regulators/Central Banks
• Economic and Industry associations
• Counterparts in major financial institutions
• Local governance bodies Leading Risk consultancies

Other Responsibilities:

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

Qualifications

• Academic or Professional Education/Qualifications; MBA (Finance), BSc. Financial Services, BSc Electrical & Electronics Engineering
• Licenses and Certifications/accreditations
• Professional Memberships; Member of the CFA Institute, Associate of the Chartered Institute of Bankers (UK)
• Bank training; i.e. mandatory & developmental – role specific, and regulatory/compliance bank wide & role specific: CSAP, CCC, FICC, CCRO bootcamp
• Languages; English.

Application Closing Date
Not Specified.

How to Apply
Interested and qualified candidates should:
Click here to apply online

Job Title: Associate, Stressed Assets Group

Job ID: 6388
Location: Nigeria
Job type: Full-time
Work style: Office Working
Area of interest: Corporate & Commercial Banking

Job Summary

• Stressed exposures to include legacy Credit Grading exposures managed solely by Stressed Asset Group, all new Credit Grading exposures managed together with the respective Client Coverage Relationship Managers , and any other exposure(s) across the CIB balance sheet with imminent signs of impending stress including Credit Grading exposures under co management with Frontline. Ensure adherence to CPM business conduct framework in implementing this strategy.
• Reinforce the principle of first line ownership of risk in managing emerging risks in the [West Africa] CIB portfolio, ensure timely detection and mitigation of such emergent risk, and collaborate with Risk, and FM/GCM teams in managing down the overall stressed asset portfolio aimed at improving the overall RoTE for CIB and the Group.
• Providing transparency on the cost and risk of any mitigation action, and on the underlying decision-making process as they relate to the stressed asset portfolio.
• Work towards optimisation of RWA and liquidity in the legacy stressed asset portfolio for West Africa as a priority and ensure appropriate data capture/ data management that can feed into and improve CIB’s data/ credit modelling regimes.
• Monitoring the overall CIB credit risk portfolio together with Regional Head/ Area Head Stressed Assets Group for any potential credit issues and help reduce exposures through secondary distribution and/or hedging – thereby playing a key role in reducing concentration risks and freeing up regulatory capital. Optimising the portfolio while remaining within risk tolerance.

Key Responsibilities
Business:

• Help drive financial performance against targets including meeting long term economic risk return goals and RWA targets for CIB
• Help improve efficiency, speed, and productivity of capital for stressed asset portfolio and for broader CIB balance sheet.

Reinforce first-line ownership of risk and origination discipline/ Risk Management:

• Stressed Asset Group to work towards early action and improved analytics by providing likely credit migration scenarios and assist exposure management within good book itself before an exposure is downgraded to stressed category
• Work with RM teams in determining appropriate credit risk grade and provisioning on all stressed assets in the designated region
• Work with frontline teams, broader CPM, SAR, and Credit Risk in the designated region to adhere to the tenets of latest credit grading Roles & Responsibility documents, and to latest Problem Accounts Management Standards
• Ensure that material impairments and related issues are promptly reported to Regional Head CPM/ Regional or Area Head Stressed Asset Group (SAG)
• Work with frontline teams to ensure that the Group’s risk arising from litigation, environmental claims, regulatory censure, or potential reputational loss in regard to stressed assets portfolio are minimized
• Provide feedback to frontline teams regarding improvements in credit origination, documentation, or early problem recognition.

Reduce P&L volatility while managing returns:

• Drive continuous improvement of the operational efficiency and effectiveness of the process to increase the consistency of global systems and processes.
• Evaluate current data availability and integrity issues and adapt the Stressed Asset Group mandate for governance and resolution
• Help communicate use of capital metrics (Liquidity and RWA efficiency/ RoTE), where applicable, for stressed assets so that they can be easily communicated to the front line when evaluating mitigation actions. Assist Regional Head CPM/ Regional or Area Head SAG, in managing overall cover ratio for stressed asset portfolio keeping in view accounting value vs. economic value.

Optimise liquidity and capital resources to support CIB growth:

• Assist Regional Head CPM/ Regional or Area Head SAG in promoting alignment of global priorities (product / function) with local balance sheet realities (regions/countries) while undertaking mitigation action on the stressed asset portfolio, raising awareness, and understanding through pro-active, insightful engagement.

Processes:

• Work with the team to support & manage where applicable CPM processes allocated to the CEO, CIB by the Group process universe in line with the ORF and their associated risks, including activities within the processes which are hubbed or outsourced.
• Execute the implementation of policies & control standards set by risk control owners and policy owners where appropriate. Ensuring compliance and operating within risk tolerance and risk appetite. Contribute to the adequacy and effectiveness of the systems, controls and procedures relating to Stressed Asset Group and CPM at large, that they are regularly and independently tested, assessed, and improved in a timely manner.
• Assist Regional Head CPM/ Regional or Area Head SAG in effective management of operational risks within Stressed Asset Group and compliance with applicable internal policies, and external laws and regulations.

People & Talent:

• Support the Area Head SAG West Africa to identify and train talents.
• Work as a team member towards achieving the goal congruence of the team.

Risk Management:

• Ensure there are appropriate frameworks in place so that Stressed Asset Group business is carried out within the Group’s risk appetite and reputational and credit risks are appropriately managed in conjunction with direct reports and other stakeholders.
• Ensure compliance with the highest standards of regulatory conduct and compliance standards and practices as defined by internal and external requirements. This includes compliance with anti-money laundering regulations and guidelines.
• Ensure any audit and compliance issues relating to Stressed Asset Group business are resolved in a timely manner.
• Ensure that Risk Management matters that are brought to the job-holder’s attention are subject to direct remedial action and/or escalated, where appropriate to relevant risk committees.

Governance:

• Accountable for escalation and other Group governance committees or to stakeholders in senior management, risk, or control functions as appropriate

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.
• Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
• Lead 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.]

Key Stakeholders

• Internal stakeholders: Country Client Coverage unit, Regional Stressed Asset Risk unit, relevant Regional/ Country Product units (e.g. GCM, FM Sales), Business and Country Finance units, Regional Credit & Risk units, Regional and Country Legal units, and Regional and country CFCC units.
• External liaison: Stressed Asset Groups at other FIs, Credit/ Stressed Asset Funds, Portfolio Management teams at other banks. Institutional and Private Investors, External Lawyers, External Accountants, Regulators etc.

Other Responsibilities:

• Embed Here for good and Group’s brand and values in Nigeria/Client and Investment Banking/Stressed Assets Group; Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures; Multiple functions (double hats);
• Leverage the opportunity provided by Corporate Social Responsibility to enhance the Group’s internal and external reputation and indirectly influence the bottom line.
• Promote the Group’s brand with clients, stakeholders, and regulators.
• Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.

Qualifications

• Education – B.Sc Degree or equivalent
• Certifications – Chartered Accountant , MBA is an added advantage.

Skills and Experience:

• Financial Analysis
• Financial Statement analysis
• Business markets
• Capital management
• Commercial Loan review
• Portfolio Management
• Financial Products and Markets
• Asset and Liability Management (ALM)
• Legal analysis.

Application Closing Date
Not Specified.

How to Apply
Interested and qualified candidates should:
Click here to apply online