Standard Chartered
Associate, Wealth Lending Risk - WRB CRM CoE
Standard Chartered, Normangee, Texas, United States, 77871
Job Summary
The Private Bank Credit Risk Monitoring Manager plays a pivotal role in maintaining the integrity and efficiency of the credit risk management framework within the Private Banking segment. This position is primarily responsible for ensuring the seamless execution of shortfall management and margin call processes, thereby safeguarding the bank's financial stability and mitigating potential risks.
Key Responsibilities
Shortfall Management and Margin Call Process:
The manager ensures that all shortfall management and margin call processes are executed accurately and timely, aligning with the bank's policies and regulatory requirements. This involves alerting First Line stakeholders of shortfall accounts, agreeing to remediation plans, raising to local Credit team if extension being required and working with First Line Client Service Managers (CSM) in execution of sell down as required.
Support to Credit Risk Officers:
The role provides comprehensive support to Credit Risk Officers in various aspects of credit risk management. This includes assisting in the follow-up with First Line on timely credit application submissions, follow up with First Line on compliance to approved credit conditions, monitoring facility limit excesses, overseeing concentration risk, etc. The manager acts as a liaison between the PvB Credit Risk team and other First Line stakeholders to facilitate smooth operations and effective risk management.
Internal and External Reporting:
The manager is responsible for conducting detailed internal and external reporting for the Private Bank Credit team. This includes preparing Committee packs submissions, Risk appetite reporting, Credit portfolio reporting, and regulatory submissions. The role requires a keen eye for detail and the ability to compile and present complex data in a clear and concise manner, ensuring that all reports meet the highest standards of accuracy and compliance.
Strategy, Business, Processes, People & Talent, Risk Management, Governance, Regulatory & Business Conduct, Key stakeholders and Other Responsibilities:
The manager will provide inputs on strategies for effective shortfall management and margin call processes, support the business by ensuring timely and accurate execution of credit-related processes, oversee the execution of processes, provide guidance and support to Credit Risk Officers and First Line business partners, monitor and manage credit risks associated with shortfall accounts and margin calls, ensure compliance with all policies, maintain accurate documentation, display exemplary conduct, embed the Group’s brand and values and perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.
Skills and Experience
Excel skills
English skills
Risk management
Regulatory compliance
Project management
Data analysis and reporting
Qualifications
Education:
University Graduate
Training:
Completion of PvB CC course
Languages:
English
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.
#J-18808-Ljbffr
Key Responsibilities
Shortfall Management and Margin Call Process:
The manager ensures that all shortfall management and margin call processes are executed accurately and timely, aligning with the bank's policies and regulatory requirements. This involves alerting First Line stakeholders of shortfall accounts, agreeing to remediation plans, raising to local Credit team if extension being required and working with First Line Client Service Managers (CSM) in execution of sell down as required.
Support to Credit Risk Officers:
The role provides comprehensive support to Credit Risk Officers in various aspects of credit risk management. This includes assisting in the follow-up with First Line on timely credit application submissions, follow up with First Line on compliance to approved credit conditions, monitoring facility limit excesses, overseeing concentration risk, etc. The manager acts as a liaison between the PvB Credit Risk team and other First Line stakeholders to facilitate smooth operations and effective risk management.
Internal and External Reporting:
The manager is responsible for conducting detailed internal and external reporting for the Private Bank Credit team. This includes preparing Committee packs submissions, Risk appetite reporting, Credit portfolio reporting, and regulatory submissions. The role requires a keen eye for detail and the ability to compile and present complex data in a clear and concise manner, ensuring that all reports meet the highest standards of accuracy and compliance.
Strategy, Business, Processes, People & Talent, Risk Management, Governance, Regulatory & Business Conduct, Key stakeholders and Other Responsibilities:
The manager will provide inputs on strategies for effective shortfall management and margin call processes, support the business by ensuring timely and accurate execution of credit-related processes, oversee the execution of processes, provide guidance and support to Credit Risk Officers and First Line business partners, monitor and manage credit risks associated with shortfall accounts and margin calls, ensure compliance with all policies, maintain accurate documentation, display exemplary conduct, embed the Group’s brand and values and perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.
Skills and Experience
Excel skills
English skills
Risk management
Regulatory compliance
Project management
Data analysis and reporting
Qualifications
Education:
University Graduate
Training:
Completion of PvB CC course
Languages:
English
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.
#J-18808-Ljbffr