Associate, Stressed Assets Group at Standard Chartered Bank

Job Summary

Stressed exposures to include legacy Credit Grading exposures managed solely by Stressed Asset Group, all new Credit Grading exposures managed together with the respective Client Coverage Relationship Managers , and any other exposure(s) across the CIB balance sheet with imminent signs of impending stress including Credit Grading exposures under co management with Frontline. Ensure adherence to CPM business conduct framework in implementing this strategy.

Reinforce the principle of first line ownership of risk in managing emerging risks in the [West Africa] CIB portfolio, ensure timely detection and mitigation of such emergent risk, and collaborate with Risk, and FM/GCM teams in managing down the overall stressed asset portfolio aimed at improving the overall RoTE for CIB and the Group.

Providing transparency on the cost and risk of any mitigation action, and on the underlying decision-making process as they relate to the stressed asset portfolio. Work towards optimisation of RWA and liquidity in the legacy stressed asset portfolio for West Africa as a priority and ensure appropriate data capture/ data management that can feed into and improve CIB’s data/ credit modelling regimes. Monitoring the overall CIB credit risk portfolio together with Regional Head/ Area Head Stressed Assets Group for any potential credit issues and help reduce exposures through secondary distribution and/or hedging - thereby playing a key role in reducing concentration risks and freeing up regulatory capital. Optimising the portfolio while remaining within risk tolerance.

Key Responsibilities

Business

• Help drive financial performance against targets including meeting long term economic risk return goals and RWA targets for CIB
• Help improve efficiency, speed, and productivity of capital for stressed asset portfolio and for broader CIB 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 credit grading 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 Stressed Asset Group (SAG)
• Work with frontline teams to ensure that the Group's 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 CIB growth

• Assist Regional Head CPM/ 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, CIB 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.
• Assist Regional Head CPM/ 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.

People & Talent

• Support the Area Head SAG West Africa to identify and train talents.
• Work as a team member towards achieving the goal congruence of the team.

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 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.
• Lead to achieve the outcomes set out in the Bank’s Conduct Principles: [Fair Outcomes for Clients; Effective Financial Markets; Financial Crime Compliance; The Right Environment.]

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

Embed Here for good and Group’s brand and values in Nigeria/Client and Investment Banking/Stressed Assets Group; Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures; Multiple functions (double hats);

• 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.

Skills and Experience

• Financial Analysis
• Financial Statement analysis
• Business markets
• Capital management
• Commercial Loan review
• Portfolio Management
• Financial Products and Markets
• Asset and Liability Management (ALM)
• Legal analysis

Qualifications

• Education - BSC or Equivalent
• Certifications - Chartered Accountant , MBA is an added advantage