Senior Credit Manager, Specialized Finance

Standard Chartered Bank
Hong Kong, Hong Kong
Dec 31, 2022
Jan 21, 2023
Job Function
Risk Management
Industry Sector
Finance - General
Employment Type
Full Time
The Role Responsibilities
The role holder will be responsible for the following:
  • Approval of credit/ exposure limits for specialized finance transactions under delegated credit authorities with good turnaround times.
  • 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 optimising use of risk capital.
  • Ensure global credit policies and procedures are consistently interpreted, understood and applied, and that all deviations are appropriately reported, escalated and approved.
  • Awareness and understanding of the Group's business strategy and model appropriate to the role.
  • Assist in the development of business' plans with the provision of cost and impairment forecasts and a balanced judgement on the external environment.
  • Awareness and understanding of the wider business, economic and market environment in which the Group operates.
  • Identify, measure and monitor material risk affecting Specialized Finance portfolio in the context of the external market environment.
  • Maintain and develop the risk capabilities, and skills to meet ongoing business needs and plans.
  • 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.
  • Discharge Process Universe related responsibilities as defined in the ERMF: reviewing, challenging, and providing oversight of the risk profile of the Risk process universe.
Risk Management
  • 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.
  • Obtain assurance regarding the effectiveness of the business controls and compliance with applicable laws & regulations.
  • Ensure first line process owners understand and accept their risk management responsibilities.
  • Support Early alert review (EAR) process, ensuring it is adhered to. Assist relationship managers in identifying and managing up or out of accounts exhibiting signs of deterioration and assist Group Special Assets Management, where appropriate, in managing accounts to maximize recoveries and minimize losses.
  • 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 the Credit Officer, Specialized Finance's attention.
  • Ensure risk capabilities are objective, consistent and compliant with applicable regulations
  • 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.
  • Ensure appropriate judgement is applied in the discharge of risk authorities assigned to the jobholder, taking account of concentration risk across sectors, geographies and markets.
  • Maintain delegated authorities in line with internal policies.
  • Align the strategy of the Risk function with business strategy and risk appetite and oversee its execution.
  • Ensure that the quality of Business Credit Applications (BCAs) meets Group standards, particularly with regards to the completeness and depth of risk analysis.
  • Ensure BCAs are renewed in time and BCA overdue and extensions are kept within the thresholds.
  • 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.
  • Ensure that material risk exposure and related issues are reported to the responsible governance committees and to Group and business-level committees as appropriate
  • Actively participate in relevant committees through standing membership / invite.
  • Ensure timely submission and accuracy of HKMA Specialised Finance credit portfolio data and relevant papers to Risk Committees.
  • Building a culture of good conduct in the Risk function and embedding the Risk Culture statement as described in the ERMF
Regulatory & Business Conduct
  • Demonstrate comprehensive knowledge of applicable PRA and HKMA regulatory requirements together with any other relevant regulation applicable to GCNA region.
  • Ensure compliance with PRA, HKMA and any other applicable regulation for deals booked in GCNA.
  • Risk capabilities are objective, consistent and compliant with applicable regulations
  • 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.
Key stakeholders
  • Country(ies) CCRO
  • Members of Group Risk Committee, Risk Management team
  • CCO Specialised Finance, Senior Credit Officers and other Credit Officers.
  • Relationship Managers, Credit Analysts and Regional & Country Business, Product, Client Coverage teams
  • Group Heads Control functions and their teams
  • Group and country Internal Audit
  • Group Operational Risk
  • Treasury (Country) and Sales teams
  • GSAM (Country and Regional) team
  • Legal Affairs and Compliance (Country) team
  • Prudential Regulation Authority (PRA) and key regulators in relevant locations
  • Group and country's external auditors
Other Responsibilities
  • Embed Here for good and Group's brand and values in Specialized Finance Risk
  • Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.
Our Ideal Candidate
  • University degree with approximately 10-12 years of relevant banking experience in credit risk management either as an analyst or a credit approver.
  • Ability to evaluate client business models, identify key risk issues, understand of contractual documentation, determine the appropriate risk appetite and take quality, defensible credit decisions.
  • Strong understanding 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.
  • Risk Management and Control: Strong understanding of credit risk management principles. Demonstrated track record in successful management and ability to manage risk in geographically dispersed and highly varied product base.
  • Regulatory Framework and Requirements: Awareness and understanding of regulatory framework in which the bank operates, and the regulatory requirements and expectations relevant to the role.
Training: Role holder will be required to pass bank's credit risk accreditation program within 6-months of joining, in addition to other training as deemed mandatory by the SCB.
Role Specific Competencies
  • CCIB Credit Risk
  • Manage Conduct
  • Manage Risk
  • Product knowledge
  • Operational Risk
About Standard Chartered
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. If you're looking for a career with purpose and you want to work for a bank making a difference, we want to hear from you. You can count on us to celebrate your unique talents. And we can't wait to see the talents you can bring us.

Our purpose, to drive commerce and prosperity through our unique diversity, together with our brand promise, to be here for good are achieved by how we each live our valued behaviours. When you work with us, you'll see how we value difference and advocate inclusion. Together we:
  • Do the right thing and are assertive, challenge one another, and live with integrity, while putting the client at the heart of what we do
  • Never settle, continuously striving to improve and innovate, keeping things simple and learning from doing well, and not so well
  • Be better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term
  • In line with our Fair Pay Charter, we offer a competitive salary and benefits to support your mental, physical, financial and social wellbeing.
  • Core bank funding for retirement savings, medical and life insurance, with flexible and voluntary benefits available in some locations
  • Time-off including annual, parental/maternity (20 weeks), sabbatical (12 weeks maximum) and volunteering leave (3 days), along with minimum global standards for annual and public holiday, which is combined to 30 days minimum
  • Flexible working options based around home and office locations, with flexible working patterns
  • Proactive wellbeing support through Unmind, a market-leading digital wellbeing platform, development courses for resilience and other human skills, global Employee Assistance Programme, sick leave, mental health first-aiders and all sorts of self-help toolkits
  • A continuous learning culture to support your growth, with opportunities to reskill and upskill and access to physical, virtual and digital learning
  • Being part of an inclusive and values driven organisation, one that embraces and celebrates our unique diversity, across our teams, business functions and geographies - everyone feels respected and can realise their full potential.
  • Recruitment assessments - some of our roles use assessments to help us understand how suitable you are for the role you've applied to. If you are invited to take an assessment, this is great news. It means your application has progressed to an important stage of our recruitment process.
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