Senior Credit Officer - Standard Chartered

Job Details
	Department:Credit Southern Africa Grade:4 Reports To: Regional Credit Officer - Africa
	Job Description
	JOB PURPOSE •To ensure that the quality of the corporate credit portfolio of Corporate, Institutional and Commercial, South Africa & Mauritius is maintained within acceptable parameters, as defined by the Credit Initiation & Approval Policy and country Portfolio standards (PS), and that the reporting of information relating to that portfolio is timely and accurate. •To instil a strong credit culture by setting the highest standards and demanding that these are maintained by all Business teams in country. KEY RESPONSIBILITIES Strategy •Inform the development of business’  plans with the provision of cost and impairment forecasts and a balanced judgement on the external environment Business •Communicate the strategic intent and collective agenda for the Function’  •Maintain and develop the Function’s risk capabilities, and skills to meet ongoing business needs and plans Processes •Supervise all processes where a member of the Function is the identified first line process owner •Ensure effective management of the operational risks within the Function and compliance with applicable internal policies, and external laws and regulations •Continuously improve the operational efficiency and effectiveness of the Function’s risk management processes People and Talent •Identification and development of talent pool for Credit Risk function in South Africa & Mauritius 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 •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 •Lead through example and build the appropriate culture and values within the business and across the wider organisation Risk Management •Ensuring that the quality of Business Credit Applications (BCAs) meets Group standards, particularly with regards to the completeness and depth of risk analysis. •Approving breaches of Local Portfolio Standards, to the extent permitted by WB Credit Policy. •Formulating and obtaining approval of Portfolio Standards which is supportive (from credit risk perspective) of the business strategy of various segments •Ensuring Risk Committee meets on a regular basis to review credit related issues in compliance with Group Policy governing such matters and actively participating on that Committee •Ensuring timely submission and accuracy of South Africa & Mauritius credit portfolio data to the Risk Committee. These include, but may not be limited to, the following:- Risk MI reports All approved exposures in South Africa & Mauritius (as required by local regulator Reporting). Details of approved breaches of Group and Local Credit Policy (including details of mitigating circumstances). Country Risk exposure. •Monitoring compliance with credit policy and Portfolio Standards a monthly basis at least and reviewing any divergence thereof with the CEO, Client Coverage (CC) Head/Segment Heads to ensure credit quality targets are achieved. •Ensure EAR process is adhered to and lead monthly EAR discussions.  Assisting 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 •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 •Direct appropriate response to material events or other risk issues that come to the SCO's attention •Exercise risk control responsibility for Credit Risk, Corporate, Institutional  and Commercial, South Africa & Mauritius •Ensure that material risk exposures and related issues are reported to the responsible governance committees and to Group and business-level committees as appropriate •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. •Actively participate in key committees through standing membership •Ensure first line process owners understand and accept their risk management responsibilities •Maintain an open and cooperative relationship in dealings with regulators (if applicable) •Co-ordinating 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. •Increasing working profits through effective management of the loan asset portfolio in order to help develop the franchise in a sustainable way and minimise provisions. •Maximizing Economic Revenue through effective management of the risk/reward relationships. •Maintaining credit quality and standards of professionalism for the risk function. •Ensure effective implementation of Group Policies / Circulars / Procedures. •Actively participate in monthly Regional Credit Issues Forum (RCIF). •Undertake regular customer visits to better understand the business environment Key Stakeholders Internal •In country Client Coverage Head, Country Segment Heads, Senior Bankers, credit/Marketing groups •HR Manager, WB (Country) •Head, Group Audit (Country) •Treasurer (Country) and various GM Head of Sales •Head GSAM (Country and Regional) •Chief Executive, (Country) •Head, Legal Affairs and Compliance (Country) •Senior/Regional Credit Officer (Region) External •Executives (including equivalent CRM Units) of other banks •Key Corporate and Institutional relationships in country •Members of the legal professions •Directors/Key contacts in the business community •Accountants/Consultants •Auditors / Government regulators
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	How To Apply
	You can search and view current opportunities across our organisation and apply immediately by visiting www.standardchartered.com and selecting Careers. To help speed up your application, please note the following: - You will need to log in (or register if you are visiting our careers site for the first time) before you can apply for a specific role - Some roles may require you to undertake an online talent assessment in addition to completing the application form (to facilitate this process it is preferable that you provide us with an email address as part of your contact information) - We will ask you about your education, career history and skills and experience, it may be helpful to have this information at hand when completing your application It usually takes 15 - 20 minutes to complete the application form; you can save your application at any time and return to complete it at your convenience.
	Closing Dates
	The closing date for applications is 20/05/2014.  Please note all closing dates are given in Hong Kong time (GMT + 8 hours).  We aim to respond to successful applicants within four weeks and will keep a record or your application in our database so that we can contact you when suitable vacancies arise in future.
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	Standard Chartered is committed to diversity and inclusion. We believe that a work environment which embraces diversity will enable us to get the best out of the broadest spectrum of people to sustain strong business performance and competitive advantage. By building an inclusive culture, each employee can develop a sense of belonging, and have the opportunity to maximise their personal potential. APPLY