Senior Credit Officer - Nigeria & West Africa
- Employer
- Standard Chartered Bank
- Location
- Lagos, Nigeria
- Salary
- Competitive
- Closing date
- Apr 18, 2019
View more
- Job Function
- Risk Management
- Industry Sector
- Finance - General
- Employment Type
- Full Time
- Education
- Bachelors
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About Standard Chartered
We are a leading international bank focused on helping people and companies prosper across Asia, Africa and the Middle East.
To us, good performance is about much more than turning a profit. It's about showing how you embody our valued behaviours - do the right thing, better together and never settle - as well as our brand promise, Here for good.
We're committed to promoting equality in the workplace and creating an inclusive and flexible culture - one where everyone can realise their full potential and make a positive contribution to our organisation. This in turn helps us to provide better support to our broad client base.
The Role Responsibilities
SMR Responsibilities delegation
SMF 4 - Risk Control Ownership for credit risk and prudential regulations for credit risk:
Act as the second line Risk Control Owner for credit risk and its specific sub-types such as external rules and regulations (prudential regulations for credit risk). As the risk control owner, be responsible for:
• Setting (or proposing) the risk-type framework, risk tolerances and risk appetite, policies and control standards
• Making decisions within delegated authorities and maintaining necessary expertise to manage such risks
• Establishing effective assurance and reporting mechanisms; and
• Design and effectiveness of the risk controls, monitoring of compliance to the Board approved risk tolerances and effectiveness of risk controls; and escalate material exceptions to appropriate management and risk committees.
.
SMF 4 - Culture of good conduct:
I am responsible for building a culture of good conduct.
FCA 14 - Wholesale Lending Decisions:
Responsibility for wholesale lending decisions
I am responsible for final credit decisions for wholesale lending facilities. My responsibilities do not extend to the following, which are the responsibility of the relevant Business Heads:
• Completeness and accuracy of the business credit application and capture of critical information required for credit risk measurement and credit analysis
Strategy
• Inform the development of business plans for West Africa Cluster (Nigeria, Cote D'Ivoire, Cameroon, Ghana, Sierra Leone, The Gambia, plus Core Non-Presence Countries Senegal and Gabon). 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, in order 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 Cluster
• 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 i nternal policies, and external laws and regulations.
Continuously improve the operational efficiency and effectiveness of the Function's risk management processes
People and Talent
• Employ, engage and retain high quality people, with succession planning for critical role s.
• • 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 SCO's 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 minimise 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
Governance
• Covered under the risk management section above.
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 Commerical 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.
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 bodiesLeading 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.
Our Ideal Candidate
• Academic or Professional Education/Qualifications; MBA (Finance), Bsc. Financial Services, Bsc Electrical & Electronics Engineering,
• Licenses and Certifications/accreditations; N/A
• 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 .
Apply now to join the Bank for those with big career ambitions.
We are a leading international bank focused on helping people and companies prosper across Asia, Africa and the Middle East.
To us, good performance is about much more than turning a profit. It's about showing how you embody our valued behaviours - do the right thing, better together and never settle - as well as our brand promise, Here for good.
We're committed to promoting equality in the workplace and creating an inclusive and flexible culture - one where everyone can realise their full potential and make a positive contribution to our organisation. This in turn helps us to provide better support to our broad client base.
The Role Responsibilities
SMR Responsibilities delegation
SMF 4 - Risk Control Ownership for credit risk and prudential regulations for credit risk:
Act as the second line Risk Control Owner for credit risk and its specific sub-types such as external rules and regulations (prudential regulations for credit risk). As the risk control owner, be responsible for:
• Setting (or proposing) the risk-type framework, risk tolerances and risk appetite, policies and control standards
• Making decisions within delegated authorities and maintaining necessary expertise to manage such risks
• Establishing effective assurance and reporting mechanisms; and
• Design and effectiveness of the risk controls, monitoring of compliance to the Board approved risk tolerances and effectiveness of risk controls; and escalate material exceptions to appropriate management and risk committees.
.
SMF 4 - Culture of good conduct:
I am responsible for building a culture of good conduct.
FCA 14 - Wholesale Lending Decisions:
Responsibility for wholesale lending decisions
I am responsible for final credit decisions for wholesale lending facilities. My responsibilities do not extend to the following, which are the responsibility of the relevant Business Heads:
• Completeness and accuracy of the business credit application and capture of critical information required for credit risk measurement and credit analysis
Strategy
• Inform the development of business plans for West Africa Cluster (Nigeria, Cote D'Ivoire, Cameroon, Ghana, Sierra Leone, The Gambia, plus Core Non-Presence Countries Senegal and Gabon). 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, in order 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 Cluster
• 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 i nternal policies, and external laws and regulations.
Continuously improve the operational efficiency and effectiveness of the Function's risk management processes
People and Talent
• Employ, engage and retain high quality people, with succession planning for critical role s.
• • 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 SCO's 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 minimise 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
Governance
• Covered under the risk management section above.
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 Commerical 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.
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 bodiesLeading 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.
Our Ideal Candidate
• Academic or Professional Education/Qualifications; MBA (Finance), Bsc. Financial Services, Bsc Electrical & Electronics Engineering,
• Licenses and Certifications/accreditations; N/A
• 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 .
Apply now to join the Bank for those with big career ambitions.
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