COUNTRY CHIEF RISK OFFICER - STANDARD CHARTERED BOTSWANA
Responsibilities
Strategy
Strategy
Appraise and contribute to the development of strategic plans and alignment with risk appetite through active membership of the Country Management Team and other executive forums
Inform the development of business plans with the provision of cost and impairment forecasts and a balanced judgement on the external environment within the region.
Supervise the risk officers to achieve sound risk management within the country.
Contribute to the development of performance management and remuneration processes, in order to encourage the development of an appropriate risk culture and discipline
Business
Inform the development of business plans with the provision of cost and impairment forecasts and a balanced judgement on the external environment within the region.
Supervise the risk officers to achieve sound risk management within the country.
Contribute to the development of performance management and remuneration processes, in order to encourage the development of an appropriate risk culture and discipline
Business
Align strategy of the Risk function with business strategy and risk appetite and supervise the risk officers in overseeing its execution.
Communicate the strategic intent and collective agenda for the Function.
Maintain and develop the Function’s risk capabilities, and skills to meet ongoing needs and plans
Processes
Communicate the strategic intent and collective agenda for the Function.
Maintain and develop the Function’s risk capabilities, and skills to meet ongoing needs and plans
Processes
Supervise all processes where a member of the Risk function Is the identified first line process owner.
Ensure effective management of operational risks within the Risk function and compliance with applicable internal policies, and external laws and regulations
Continuously monitor the operational efficiency and effectiveness of function’s risk management processes
People and Talent
Ensure effective management of operational risks within the Risk function and compliance with applicable internal policies, and external laws and regulations
Continuously monitor the operational efficiency and effectiveness of function’s risk management processes
People and Talent
Lead through example and build the appropriate culture and values within the business and across the wider organisation
Set appropriate tone and expectations from their team and work in collaboration with risk and control partners.
Ensure the provision of ongoing training and development of people, and ensure that holders of all critical functions are suitably skilled and qualified for their roles ensuring that they have effective supervision in place to mitigate any risks.
Employ, engage and retain high quality people, with succession planning for critical roles.
Responsibility to review team structure/capacity plans.
Set and monitor job descriptions and objectives for direct reports and provide feedback and rewards in line with their performance against those responsibilities and objectives.
Identification and development of talent pool for Credit Risk function in Botswana
Uphold and reinforce the independence of the Function from those whose primary responsibility is to maximise short-term revenues and profits
Ensure the provision of ongoing training and development of the Function’s people, and ensure that holders of all critical functions are suitably skilled and qualified for their roles
Risk Appetite
Set appropriate tone and expectations from their team and work in collaboration with risk and control partners.
Ensure the provision of ongoing training and development of people, and ensure that holders of all critical functions are suitably skilled and qualified for their roles ensuring that they have effective supervision in place to mitigate any risks.
Employ, engage and retain high quality people, with succession planning for critical roles.
Responsibility to review team structure/capacity plans.
Set and monitor job descriptions and objectives for direct reports and provide feedback and rewards in line with their performance against those responsibilities and objectives.
Identification and development of talent pool for Credit Risk function in Botswana
Uphold and reinforce the independence of the Function from those whose primary responsibility is to maximise short-term revenues and profits
Ensure the provision of ongoing training and development of the Function’s people, and ensure that holders of all critical functions are suitably skilled and qualified for their roles
Risk Appetite
Uphold the integrity of credit risk / return decisions through judicious application of individual delegated authority.
Assess periodically the risk profile for SCB Botswana and maintain alignment with risk appetite by rebalancing of risks or controls that may be required in response to internal and external factors.
Initiate at least annually with guidance from Group specialists a stress test and scenario program, review the 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 and control function heads 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 Country Chief Risk Officer’s attention
Exercise risk control responsibility for Credit Risk
Ensure that material risk exposures and related issues are reported to the responsible governance committees and to Group and business-level committees as appropriate
Oversee the quality of Business Credit Applications (BCAs) meets Group standards, particularly with regards to the completeness and depth of risk analysis,
Oversee approval of breaches of local Portfolio Standards/Credit Approval Documents, to the extent permitted by Credit Policy / delegated authority.
Oversee formulation and approval of Portfolio Standards / Credit Approval Documents which is supportive (from credit risk perspective) of the business strategy of various segments.
Ensure Country Risk Committee meets on a regular basis to review risk issues in compliance with Group Policy governing such matters and actively participate on that Committee
Oversee timely submission and accuracy of Botswana credit portfolio data to the Country Risk Committee. These Include, but may not be limited to, the following:-
- Risk MI reports
Assess periodically the risk profile for SCB Botswana and maintain alignment with risk appetite by rebalancing of risks or controls that may be required in response to internal and external factors.
Initiate at least annually with guidance from Group specialists a stress test and scenario program, review the 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 and control function heads 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 Country Chief Risk Officer’s attention
Exercise risk control responsibility for Credit Risk
Ensure that material risk exposures and related issues are reported to the responsible governance committees and to Group and business-level committees as appropriate
Oversee the quality of Business Credit Applications (BCAs) meets Group standards, particularly with regards to the completeness and depth of risk analysis,
Oversee approval of breaches of local Portfolio Standards/Credit Approval Documents, to the extent permitted by Credit Policy / delegated authority.
Oversee formulation and approval of Portfolio Standards / Credit Approval Documents which is supportive (from credit risk perspective) of the business strategy of various segments.
Ensure Country Risk Committee meets on a regular basis to review risk issues in compliance with Group Policy governing such matters and actively participate on that Committee
Oversee timely submission and accuracy of Botswana credit portfolio data to the Country Risk Committee. These Include, but may not be limited to, the following:-
- Risk MI reports
- All approved exposures in Botswana (as required by local regulatory Reporting).
- Details of approved breaches of Group and Local Credit Policy (including details of mitigating circumstances).
- Country Risk exposure.
Oversee Monitoring compliance with credit policy and Portfolio Standards/Credit Approval Documents on a monthly basis and review any divergence thereof with the CEO, /Segment Heads to ensure credit quality targets are achieved.
Ensure EAR process is adhered to and lead monthly EAR discussions. Assist relationship managers in identification and managing up or out of accounts exhibiting signs of deterioration and assist Group Special Assets Management where appropriate, in managing accounts to maximise recoveries and minimise losses.
Ensure compliance to the Operational Risk framework including the effective application of risk toolkit (self-assessments, KRIs, KCSs, etc) and reporting.
Initiate stress tests as required by internal and external factors and review results and assess their implications
Ensure appropriate judgement is applied in the discharge of risk authorities assigned to the jobholder
Maintain a good understanding of the requirements of key external stakeholders in respect of risk management and ensure these are well understood internally and reflected in internal procedures
Maintain delegated authorities in line with internal policies and ensure that delegations are in line with individual capabilities.
Co-ordinate local resources to ensure that credit systems are installed in accordance with Group standard. Provide a reference point for collating and passing on to Group Technology and Operations problems and proposed enhancements. Ensure that new users are trained on all credit systems.
Actively participate in key committees through standing membership
Increase working profits through effective management of the loan asset portfolio in order to help develop the franchise in a sustainable way and minimise provisions.
Maximize Economic Revenue through effective management of the risk/reward relationships.
Maintain credit quality and high standards of professionalism for the risk function.
Ensure effective implementation of Group Policies I Circulars / Procedures.
Undertake regular customer visits to better understand the business environment
Risk Control Ownership of Credit Market, Country Cross-Border, Short-Term Liquidity and Operational Risk
In partnership with Group Risk function colleagues:
Ensure the effective application of risk identification, measurement and modelling capabilities which are objective, consistent and compliant with Group standards and applicable local regulations.
Ensure that material risk exposures and related issues are reported to the responsible governance committees and to Group and Business-level committees as appropriate:
Assign risk authorities to suitable named individuals in line with their skills and judgement
Maintain an effective communication of risk control parameters, including policies, control standards, risk exposure limits and other control levers in order to comply with local regulations and practices and ensure that the Group’s risk profile is consistent with the overall risk appetite set by the Board.
Assure effective application of Operational Risk policies and procedures and monitor their effective application.
Obtain assurance regarding effectiveness of controls and compliance with applicable laws and regulations
Maintain in consultation with Finance loss provisioning policies, procedures, delegated authorities and forecasting methods
Governance
Implement ORF in Country
Embed use of ORF in country
Ensure compliance with OR policies
Deliver second line assurance
Requirements
Related Academic or Professional Education/Qualifications; i.e. standards required for roles
Licenses and Certifications/accreditations; i.e. internal/externally required
Professional Memberships; i.e. required for roles for continuous development/ improvement/awareness of current practices etc
Bank training; i.e. mandatory & developmental - role specific, and regulatory/compliance bank wide & role specific,
Languages; i.e. those required for roles
Closing date and application instructions
Interested candidates who believe they have what it takes are advised to apply on -line to the following address:
Ensure EAR process is adhered to and lead monthly EAR discussions. Assist relationship managers in identification and managing up or out of accounts exhibiting signs of deterioration and assist Group Special Assets Management where appropriate, in managing accounts to maximise recoveries and minimise losses.
Ensure compliance to the Operational Risk framework including the effective application of risk toolkit (self-assessments, KRIs, KCSs, etc) and reporting.
Initiate stress tests as required by internal and external factors and review results and assess their implications
Ensure appropriate judgement is applied in the discharge of risk authorities assigned to the jobholder
Maintain a good understanding of the requirements of key external stakeholders in respect of risk management and ensure these are well understood internally and reflected in internal procedures
Maintain delegated authorities in line with internal policies and ensure that delegations are in line with individual capabilities.
Co-ordinate local resources to ensure that credit systems are installed in accordance with Group standard. Provide a reference point for collating and passing on to Group Technology and Operations problems and proposed enhancements. Ensure that new users are trained on all credit systems.
Actively participate in key committees through standing membership
Increase working profits through effective management of the loan asset portfolio in order to help develop the franchise in a sustainable way and minimise provisions.
Maximize Economic Revenue through effective management of the risk/reward relationships.
Maintain credit quality and high standards of professionalism for the risk function.
Ensure effective implementation of Group Policies I Circulars / Procedures.
Undertake regular customer visits to better understand the business environment
Risk Control Ownership of Credit Market, Country Cross-Border, Short-Term Liquidity and Operational Risk
In partnership with Group Risk function colleagues:
Ensure the effective application of risk identification, measurement and modelling capabilities which are objective, consistent and compliant with Group standards and applicable local regulations.
Ensure that material risk exposures and related issues are reported to the responsible governance committees and to Group and Business-level committees as appropriate:
Assign risk authorities to suitable named individuals in line with their skills and judgement
Maintain an effective communication of risk control parameters, including policies, control standards, risk exposure limits and other control levers in order to comply with local regulations and practices and ensure that the Group’s risk profile is consistent with the overall risk appetite set by the Board.
Assure effective application of Operational Risk policies and procedures and monitor their effective application.
Obtain assurance regarding effectiveness of controls and compliance with applicable laws and regulations
Maintain in consultation with Finance loss provisioning policies, procedures, delegated authorities and forecasting methods
Governance
Implement ORF in Country
Embed use of ORF in country
Ensure compliance with OR policies
Deliver second line assurance
Requirements
Related Academic or Professional Education/Qualifications; i.e. standards required for roles
Licenses and Certifications/accreditations; i.e. internal/externally required
Professional Memberships; i.e. required for roles for continuous development/ improvement/awareness of current practices etc
Bank training; i.e. mandatory & developmental - role specific, and regulatory/compliance bank wide & role specific,
Languages; i.e. those required for roles
Closing date and application instructions
Interested candidates who believe they have what it takes are advised to apply on -line to the following address:
www.standardchartered.com >click careers> click professional hires no later than 05 January 2018
ONLY SHORTLISTED CANDIDATES WILL BE RESPONDED TO.
RECRUITMENT AT STANDARD CHARTERED BOTSWANA
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