Director, Stressed Asset Group - CCIB ail.ftljo

Job Description

*Role Responsibilities Business
• Help drive financial performance against targets including meeting long term economic risk return (Rowe/ RoTE) goals and RWA targets for Corporate, Commercial, & Institutional Banking (CCIB)
• Help improve efficiency, speed, and productivity of capital for stressed asset portfolio and for broader CCIB 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 CG 12 and CG 13/ 14 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 SAG
• Work with frontline teams to ensure that the Groups 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 CCIB growth
• Assist 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, CCIB 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
• 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
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 to CPMMT 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
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
• 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
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Keyskills :
keeping things simplecorporate social responsibilityenvironmental impact assessmentcredit riskrisk controlhuman skillsbalance sheetlife insurancerisk management