Senior Credit Manager

Job description / Role

Job Details

Job Title: Senior Credit Manager - Specialised Finance Risk (MENA & South Asia)
Job Grade: Band 5
Department: Credit Risk, Specialised Finance
Reports to: Senior Credit Officer - Specialised Finance Risk ((MENA & South Asia)
Location: Dubai

Job Description

SCOPE OF ROLE:
To undertake credit risk assessment for exposure in Leveraged Finance, Project & Export Finance, Shipping Finance and Aircraft Finance in the Middle East, North Africa and South Asia

* Optimization of economic capital to create sustainable value in business by crafting and agreeing risk appetite that helps to achieve a desired risk profile from which we can secure relatively better returns than our competition over the longer term.
* Proactive management of the portfolio credit risk profile within agreed risk appetite. Reducing P&L volatility by running a largely "surprise free" and well managed book.
* Ensuring consistent application and enforcement of credit risk policies, processes and controls.
* Management of all stakeholders, including developing relationships with business partners, and balancing the role with stakeholder expectations.
* Strong support for the effective management of risk appetite and portfolio standards in partnership with business.
* Providing thought leadership from a governance perspective, including management of control and risk committees and ensuring quick transparent escalation of important issues.

Key Roles & Responsibilities

Portfolio Management
* Formulate risk appetites for the region in joint sponsorship with the business.
* Partnering with the business to deliver strategic aspirations whilst remaining within agreed risk appetite and optimising use of risk capital.
* Active involvement in Business strategy formulation within our risk appetite that encapsulate the agreed strategy.
* Identify, review and control risk profiles (e.g. CG migration, risk concentration, RWA) to ensure that portfolio shape is in line with strategy.
* Refresh portfolio reviews for the global SF portfolio on a regular basis
* Understand sensitivities to key risk drivers and potential stress impact on the portfolio.
* Monitor external factors such as state of the economy, regulatory environment and other emerging risk trends.
* Ensure that the portfolio evolve appropriately to proactively manage changes in external environment, strategy and/or risk appetite.
* Oversee the monitoring and escalation of potential problem accounts eg. through the early alert process, MTM reviews.
* Provide guidance in managing up or out of accounts exhibiting signs of deterioration and assist Group Special Assets Management, where appropriate, to maximise recoveries.
* Assess potential portfolio / individual impairments and implement appropriate portfolio or account strategies to minimise losses.
* Ensuring specific and general stress tests are being conducted periodically, in accordance with the assertions made within Group / Country ICAAP documents, including understanding the RWA impact of credit grade migration and the potential constraints this will place on new business.

Risk Approval
* Approve BCAs under own personal discretion.

Governance
* Regularly review audit reports / business risk reviews / KCSAs and identify key regional trends.
* Ensure Corporate Finance risk function is in compliance with the ORMA framework including the effective application of risk toolkit (self-assessments, KRIs, KCSAs, etc) and reporting.

Process Control and Policy Management
* Drive a consistent regional interpretation and application of global credit policies, and ensure that processes are in place to monitor adherence.
* Ensure country processes across the region are consistently implemented in accordance with global standards,taking into consideration local requirements and constraints.

Stakeholder Management
* Actively engage all stakeholders (eg. Business partners, Finance, Legal and Compliance) to raise their awareness of credit issues and how these are managed by the Credit Risk function.
* Ensure that Credit Risk decisions are transparent and supporting rationales are explained in a professional and courteous manner, especially when turning down proposals.
* To work with Country Credit team in actively managing regulators - take the lead to understand and shape their expectations.
* Be aware of major decisions by other stakeholders and assess the potential impact on Credit.

Requirements

Closing Dates

The closing date for applications is 14/08/2014 . Please note all closing dates are given in Hong Kong time (GMT + 8 hours). We aim to respond to successful applicants within four weeks and will keep a record or your application in our database so that we can contact you when suitable vacancies arise in future.

Diversity & Inclusion

Standard Chartered is committed to diversity and inclusion. We believe that a work environment which embraces diversity will enable us to get the best out of the broadest spectrum of people to sustain strong business performance and competitive advantage. By building an inclusive culture, each employee can develop a sense of belonging, and have the opportunity to maximise their personal potential.

About the Company

Standard Chartered Bank started in 1958 in UAE with its first branch in Sharjah. The Group’s business gradually increased in Dubai with the opening of several branches and today, Dubai is the administrative hub of the Middle East and South Asia Region. In its 43rd year, the Bank enjoys the position of having the most extensive branch network among foreign international banks in UAE with 10 branches emirate-wide.

Standard Chartered is an international bank, focused on the established and emerging markets of Asia, Africa, the Middle East and Latin America with an extensive global network of more than 600 offices in over 50 countries. The three principal business groups are Global Markets, Personal Banking and Corporate and Institutional Banking.

In UAE, we are one of the leading banks, offering an extensive range of products and services for personal customers, local companies, multinational corporate and financial institutions.