Standard Chartered Bank Zambia Currently Accepting CV’s- October 2017
- Position: Senior Credit Officer
Company: Standard Chartered Bank - Location: Lusaka, Lusaka Province, Zambia
- State: Lusaka
- Job type: Full-Time
- Job category: Banking Jobs in Zambia
SMR Responsibilities delegation – in line with cascades of GCRO SMR sub responsibilities to RMT and other subdelegates.SMF 4 – Risk Control Ownership for credit risk and prudential regulations for credit risk:
- Act as the second line Risk Control Owner for credit risk and its specific sub-types such as external rules and regulations (prudential regulations for credit risk). As the risk control owner, be responsible for:
- Setting (or proposing) the risk-type framework, risk tolerances and risk appetite, policies and control standards
- Making decisions within delegated authorities and maintaining necessary expertise to manage such risks
- Establishing effective assurance and reporting mechanisms; and
Design and effectiveness of the risk controls, monitoring of compliance to the Board approved risk tolerances and effectiveness of risk controls; and escalate material exceptions to appropriate management and risk committees.SMF 4 – Culture Of Good conduct am responsible for building a culture of good conduct.FCA 14 – Wholesale Lending DecisionsResponsibility for wholesale lending decisionsResponsibilitiesMy responsibilities do not extend to the following, which are the responsibility of the relevant Business CEOs am responsible for final credit decisions for wholesale lending facilities.
- Completeness and accuracy of the business credit application and capture of critical information required for credit risk measurement and credit analysis
Key Roles and ResponsibilitiesStrategy
- Inform the development of business plans with the provision of cost and impairment forecasts and a balanced judgment 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.
Business
- 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 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
- Lead through example and build the appropriate culture and values. 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 those 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 Southern Africa Cluster Countries
- Uphold and reinforce the independence of the Function from those whose primary responsibility is to maximise short-term revenues and profits
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.
- Formulating and obtaining approval of Portfolio Standards which is supportive (from credit risk perspective) of the business strategy of various segments
- Approving breaches of Local Portfolio Standards, to the extent permitted by Credit Policy.
- 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 Southern Africa Cluster Countries credit portfolio data to the Risk Committee. These include, but may not be limited to, the following:-
- Risk MI reports
- All approved exposures in Southern Africa Cluster Countries (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 Head/Segment Heads
- Ensure EAR process is adhered to and lead monthly EAR discussions. Assisting relationship managers in the 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 and Commercial clients
- 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 judgment 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-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
Governance
- 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.
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.
- Lead the Southern Africa Cluster Countries Corporate and Commercial Banking units to achieve the outcomes set out in the Bank’s Conduct Principles: Fair Outcomes for Clients; Effective Operation of Financial Markets; Financial Crime Prevention; The Right Environment.
- Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
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.
- Lead the Southern Africa Cluster Countries Credit Risk function 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.]
- Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
Qualifications and Skills
- Academic or Professional Education/Qualifications – at minimum, a Bachelors degree from a recognized university or college, preferably in Economics, Accounting or Finance
- Licenses and Certifications/accreditations – no external certifications required
- Professional Memberships – no professional memberships required
- Bank training – must be CCC and FICC accredited
- Languages: English
Diversity and InclusionStandard 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.