Senior Credit Officer, Financial Institutions Risk, Americas

Senior Credit Officer, Fir, Americas

Job Summary The Senior Credit Officer, FIR, Americas is responsible for the second line of defense responsibilities related to Credit Risk for FI portfolio for Americas (excluding Real Money Funds & Hedge Funds and Private Equity & Other Investment Funds sub-segments) which involves oversight and challenge of risk management actions from the First Line, including the following:

• Support development and maintenance of the CIB Credit Risk Type Framework ("CRTF") which sets out the overall risk management approach for Credit Risk as applicable to Financial Institutions portfolio for Americas (excluding Real Money Funds & Hedge Funds and Private Equity & Other Investment Funds sub-segments)
• Support review of adequacy and effectiveness of the CIB Credit Risk Appetite statements and metrics, as applicable to Financial Institutions portfolio for Americas (excluding Real Money Funds & Hedge Funds and Private Equity & Other Investment Funds sub-segments)
• Monitor compliance to Board approved Credit Risk Appetite (as applicable to Financial Institutions, for Americas excluding Real Money Funds & Hedge Funds and Private Equity & Other Investment Funds sub-segments) using the risk information report and highlight significant matters for the attention of senior management and senior risk committees.
• For Credit risk (pertaining to Financial Institutions portfolio for Americas, excluding Real Money Funds & Hedge Funds and Private Equity & Other Investment Funds sub-segments), provide independent oversight and challenge of all credit origination activities and approve credit risk exposures proposed by the First Line of Defence based on delegated authorities. Responsible for ensuring that the quality of the portfolio is being maintained within acceptable parameters and for escalating significant risks and issues to the senior Management and senior risk committees as appropriate.
• Provide evidence based annual affirmation to the Head - FIR, Europe & Americas on the effective management of Credit risk for Financial Institutions portfolio for Americas (excluding Real Money Funds & Hedge Funds and Private Equity & Other Investment Funds sub-segments).

Key Responsibilities

• Responsibility for wholesale lending decisions
• Responsibility for final credit decisions for wholesale lending facilities pertaining to Financial Institutions portfolio for Americas (excluding Real Money Funds and Hedge Funds and Private Equity & Other Investment Funds sub-segments). Responsibilities do not extend to the following, which are the responsibility of the relevant Business CEOs:
• Completeness and accuracy of the business credit application and capture of critical information required for credit risk measurement and credit analysis.
• Strategy
• Plan development of risk parameters for Financial Institutions portfolio for Americas (excluding Real Money Funds & Hedge Funds and Private Equity & Other Investment Funds sub-segments) according to Risk Appetite and Policy Frameworks and Credit Underwriting Principles
• Inform the development of business plans for CIB FI Americas portfolio with the provision of cost and 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
• Be the single point of contact as necessary for all matters linked to Credit Risk portfolio for FI Americas (excluding Real Money Funds & Hedge Funds and Private Equity & Other Investment Funds sub-segments).
• Business
• Communicate the strategic intent and collective agenda for the function in FIR Americas Risk team
• Align strategy of the FIR Americas with business strategy and risk appetite and supervise the Function in overseeing its execution in their respective regions
• Maintain and develop the FI Risk function's risk capabilities, and skills to meet ongoing business needs and plans
• Identify measure and monitor material risk affecting CIB FI Americas (excluding Real Money Funds & Hedge Funds and Private Equity & Other Investment Funds sub-segments) in the context of the external market environment.
• Processes
• Control portfolio within the set risk parameters to ensure risk profile within Risk Appetite.
• Ensure credit approvals are within delegated authorities.
• Supervise all processes where a member of the Risk function is the identified first line process owner.
• Ensure effective management of the operational risks within the Risk function and compliance with applicable internal policies, and external laws and regulations.
• Continuously improve the operational efficiency and effectiveness of the risk management processes.
• Risk Management
• Assess the credit risk profile of the CIB FI Americas portfolio (excluding Real Money Funds & Hedge Funds and Private Equity & Other Investment Funds sub-segments), maintaining alignment with risk appetite by rebalancing of risks or controls that may be required in response to internal and external factors
• 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 attention of Senior Credit Officer - FIR, Americas
• Exercise risk control responsibility for Credit Risk for assigned part of CIB FI portfolio in Americas (excluding Real Money Funds & Hedge Funds and Private Equity & Other Investment Funds sub-segments)

Qualifications

• Experience: 15+ years of relevant credit/risk management experience with deep Financial Institutions sector expertise
• Market knowledge: substantial experience at the highest level in the banking industry, including demonstrated success in a similar role
• 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
• Risk management and control: demonstrated track record in successful management and ability to manage risk in geographically dispersed and highly varied product base. Expertise in process design and control
• 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 of Chief Credit Officer, Financial Institutions Risk
• Non-technical skills: significant relationship management experience- with external stakeholder at the most senior levels, including regulators and rating agencies
• Languages: English. Spanish is a plus

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.