Finance Manager
Permanent,Full-time
Job Description
- Approval of credit/ exposure limits for corporate clients including specialized finance transactions under delegated credit authorities with good turnaround times.
- To ensure that the quality of the credit portfolio is maintained within acceptable parameters as defined by the Group and Country Risk Appetite statements and relevant Portfolio Underwriting Standards, and that the reporting of information relating to that portfolio is timely and accurate.
- Partner with the business to deliver strategic aspirations whilst remaining within agreed risk appetite and optimizing use of risk capital.
- To instil a strong credit culture by setting the highest standards
- Ensure global credit policies and procedures are consistently interpreted, understood and applied, and that all deviations are appropriately reported, escalated and approved.
- Assess the credit risk profile of the portfolio, maintaining alignment with risk appetite by rebalancing of risks or controls that may be required in response to internal and external factors.
- Initiate stress tests as required by internal and external factors and review results and assess their implications.
- Ensure that effective management response plans are in place to respond to extreme but plausible scenarios.
- 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 and risk appetite.
- Direct appropriate response to material events or other risk issues that come to attention.
- 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 to the jobholder, taking account of concentration risk across sectors, geographies and markets.
- Design, maintain and effectively communicate risk control parameters across the Business, including policies, control standards, risk exposure limits and other control levers in order to maintain the risk profile in line with the Group's risk appetite.
- 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.
- Obtain assurance regarding the effectiveness of the business controls and compliance with applicable laws & regulations.
- Actively participate in key committees and forums as relevant for the role.
- Ensure first line process owners understand and accept their risk management responsibilities.
- Maintain an open and cooperative relationship in dealings with regulators.
- Take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct, across Standard Chartered Bank.
- Achieve the outcomes set out in the Bank’s Conduct Principles
- Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
Required Knowledge, Skills, and Abilities
- University degree with relevant banking experience in credit risk management for corporate clients either as an analyst or a credit approver.
- Strong understanding of credit risk management principles
- Ability to evaluate client business models, identify key risk issues, determine the appropriate risk appetite and take quality, defensible credit decisions.
- Good understanding of some of the specialized businesses like aviation, project finance, shipping finance and leveraged finance etc. and products relevant to them.
- Relevant experience in client facing or product roles and experience in SCB footprint markets would be preferable.
- Business strategy and model: sharp business acumen(including ability to assess risk and appropriate levels of return),
- Strong leadership qualities, excellent interpersonal skills and multi-cultural awareness and sensitivity.
- Regulatory framework and requirement: awareness and understanding of the regulatory framework in which the firm operates and the regulatory requirements and expectations relevant to the role.
- Languages: Proficient in English.
Reference no: 103542