Head, Policy & Governance, WRB Risk

Job Summary

We are looking to hire an experienced and talented risk professional to join as the Head, Policy & Governance of Singapore, and ASEAN. The candidate should possess adequate credit analytic background, familiar with end-to-end retail credit risk, and establishing governance framework. The candidate must also understand key drivers of retail banking loan that impact the credit losses.

As a key leader within the WRB Risk Team, you will lead a team of risk professional to collaborate with internal and external stakeholders, both in-country and at WRB ASEAN level in all aspects of credit risk management. You will leverage your credit risk experience, technical skills, and influencing abilities to manage credit policy and governance across products. This role also required you to continuously evaluate emerging risks to protect the Bank and support the Country Credit Head to effectively challenge relevant stakeholders, ensuring performance within established Risk Appetite

.You will lead the team and work with relevant stakeholder to execute the Bank’s credit policies and establish an effective risk governance framework. This will include managing assurance, credit risk management, data strategy, performance management, IFRS9, model risk management, non-financial management, etc. This role will also be the key senior to engage with the Regulator and Deputize for the Country Retail Risk Head as needed, representing the risk function with internal and external stakeholders, including regulators, auditors, and senior management.

The leader we seek is passionate about driving meaningful change and innovation initiatives while operating with integrity and balance.

Strategy

· Derive and help implement the WRB Credit Risk Policies and Framework in country with the help of respective process owners.

· Track and report the target risk appetite boundaries for WRB and propose a remediation plan if required in collaboration with respective segment risk heads.

· Responsible for country input for the expense and impairment forecast, including the Corporate Plan process and help drive the critical business discussions to optimise the portfolio mixed.

· Overall management of Management Information process including Regulatory Reporting and Bureau reporting, compliance to the standards, Portfolio Quality Review, and data quality management.

· Overall management of Operational Risk profile for WRN Risk via participating group wide process universe refresh, implementation of ORF (or similar framework) and other non-financial risk management.

· Support regional / entity level risk management reporting, stress testing and other associated responsibilities.

· Lead the Policy & Governance function for the region (ASEAN ex. MY, VN, ID, BN) and provide support to markets.

Business

· Manage the key business information requirement required to run an effective risk organisation.

· Help aligning strategy of the segment risk functions with risk appetite and tolerance and oversee its execution.

· IFRS9 based ECL review and analysis for broader stakeholder alignment and pre-emptive risk management.

Risk Management

· Manage process standards for WRB Credit Risk to compliance and alignment.

· Participate and present in risk governance committee for ORF Management, Loan impairment and other insightful analysis to facilitate objective balance of risk management and effective control

· Participate in key Global programs i.e. BASEL IV, PCI DSS and Innovation / Transformation

· Support/ manage Bureau reporting process for the country

· 2nd LOD role for local and Group Stress Testing (leveraging Global Capabilities) to perform review and challenge on Basis of preparation, methodology review, model reviews and overall support to the process.

· Review and Capital / RWA, especially for Standardised portfolio. Provide assurance to Global Head Policy & Governance to perform the adequacy attestations.

Performance Management and Portfolio Review

· Responsible for managing the loan impairment (LI) forecast for WRB Credit Risk.

· Coordinate the Corporate Plan process and forecast cycle for WRB Credit risk in line with emerging trends.

· Responsible for overall tracking of expenses and cost forecast for WRB Credit Risk.

· Manage country PQRF and with governance responsibilities such as meeting the TOR, minutes and action item tracking. The incumbent is responsible for the timeliness, quality and consistency of the material being used in the PQRFs.

· Provide inputs for country, regional or Group risk committees when required.

Operational Risk & Governance

· Support CCH and the management team to implement Credit Risk Management Policy framework. Perform independent review and challenge to the policy and to ensure that all standards and polices are aligned with the target governance frameworks and enable effective controls.

· Provide timely and relevant inputs to Group Credit Governance Group (CGC) and other country level governance forums.

· Perform Business Risk Management (BRM) role for CPBB Risk.

· Participate Enterprise wise risk management responsibilities including cross-cutting risk type implementation.

· To ensure risks of processing failure are being actively controlled end-to-end.

· Embed the Group’s values and code of conduct, as it relates to the role remit, to ensure that adherence with the highest standards of ethics, and compliance with relevant policies, processes and regulations among employees form part of the culture.

· Engage with relevant audit teams (internal and external) report findings across the relevant functions and ensure feedback is acted upon.

People & Talent

· Employ, engage, develop, and retain high quality people

· Lead ASEAN market Policy & Governance team and provide them support

Regulatory & Business Conduct

· Display exemplary conduct and live by the Group’s Values and Code of Conduct.

· Where required and where directed by the CCH, directly engage the MAS and other local regulators within the region.

· 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.

· Lead Group Policy & Governance team to achieve the outcomes set out in the Bank's Conduct Principles on Fair Outcomes for Clients

Key stakeholders

Country

· CPBB Risk Country Leadership Team

· Country Head, CPBB

· CFO, CPBB

· Head, Operational Risk, CPBB

· Head of Audit, CPBB

· Segment Business Heads

Regions and Group

· CCO Asia

· Global Head Policy & Governance, CPBB

· Policy & Governance Teams in Malaysia, Indonesia, Brunei and Vietnam

· External

· Regulators (Host and Home)

· Internal Auditor

Industry contacts

· Vendor managers of key IP & services

Other Responsibilities

· Embed Here for good and Group’s brand and values in Global CPBB Credit Risk; Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.

Our Ideal Candidate

· 12+ years of functional risk management experience in Retail, Policy, Governance, analysis, Credit policy Business Banking or Private Banking credit risk. Active experience in Operational Risk is an advantage.

· Bachelor's university degree from finance, business, economics or relevant background and a post-graduate degree is desired.

· Good knowledge and grasp of banking practice, financial markets, Basel III and all Consumer Banking

· Ability to prioritise multiple deliverables with demonstrable organizational, project management and time management skills. Effective collaborative skills that contribute to positive working relationships with both internal and external stakeholders. Personal authority, integrity and ethics.

· Strong business & financial acumen, including the ability to identify risks.

· Strong governance and enterprise risk management knowledge, especially in Consumer or Private lending area.

· 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.

· Well versed with various principle and other risk types, its implication of individual and business lending and for overall function.

· Training: CRM, ACRM

· Certifications: GARP SCR

Role Specific Technical Competencies

· Risk – CPBB Credit Risk

· Risk – Business Partnering

· Risk – Risk Analytics, Manage Project

· CPBB – Lending process and standards

· CPBB – Portfolio Management for CPBB

· Risk – Communication and Influencing Skills

About Standard Chartered

We're an international bank, nimble enough to act, big enough for impact. For more than 170 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

· Are better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term

What we offer

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 leave, parental/maternity (20 weeks), sabbatical (12 months 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.

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