Senior Credit Manager | Standard Chartered Bank
A well-known and well-reputed Company based in Dubai, United Arab Emirates is looking for an experienced, skilled, competent, mature, capable, efficient, qualified, creative, and intelligent candidate with significant competency, good knowledge, and relevant working experience for the position of “Senior Credit Manager”.
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| Company Name | Standard Chartered Bank |
Job Requirements and Benefits:-
| Qualification | Masters | Bachelors | CPA | ACCA | ICAEW | CFA |
| Experience | 5 – 8 years of Relevant Experience Required |
| Monthly Salary | 35,000 AED – 45,000 AED |
| Employment Type | Part Time | Permanent |
| Company Size | 100 – 500 Employees |
| Benefits | Medical Insurance | Performance-based Increments |
| Location | Dubai |
About the job
Job Summary
- Responsible for the second line of defence responsibilities related to Credit Risk. Role includes responsibility for final credit decisions as per delegated authority for CCIB lending portfolio. Key responsibilities summarised below.
Responsibilities
Strategy
- Support the Chief Credit Officer / Senior Credit Officer in planning the development of risk parameters for UAE and MENA NPCs according to Risk Appetite and Policy Frameworks and documents in the relevant Portfolio Guidelines/Risk Appetite Mandates.
- Support the Chief Credit Officer / Senior Credit Officer in the development of business plans with the provision of cost and impairment forecasts and a balanced judgment on the external environment.
Business
- Align the strategy of the Risk function with business strategy and risk appetite and oversee its execution.
- Identify, measure and monitor material risk affecting the CCIB portfolio in the context of the external market environment.
- Communicate the strategic intent and collective agenda for the Risk function.
- Maintain and develop the Credit risk capabilities, and skills to meet ongoing needs and plans.
Processes
- Control the portfolio within the set risk parameters to ensure the risk profile is within risk tolerances.
- Ensure credit approvals are within delegated authorities.
- Ensure compliance with applicable internal policies, and external laws and regulations.
- Continuously improve the operational efficiency and effectiveness of the risk management processes.
Risk Management
- Assess the credit risk profile of the CCIB banking portfolio, maintaining alignment with risk appetite by rebalancing any risks or controls that may be required in response to internal and external factors.
- Perform stress tests as required by internal and external factors and review 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 the business to demonstrate that risk origination and control decisions are properly informed and consistent with strategy and risk appetite.
- Direct appropriate responses to material events or other risk issues that come to the Senior Credit Manager’s attention.
- Assist the Chief Credit Officer / Senior Credit Officer in exercising risk control responsibility for Credit Risk, for the CCIB businesses in UAE and MENA NPC.
- Ensure risk capabilities are objective, consistent and compliant with applicable regulations.
- Ensure the quality of Business Credit Applications (BCAs) meets Group standards, particularly with regards to the completeness and depth of risk analysis.
- Improve BCA TATs and ensure BCAs are renewed in time and BCA overdues and extensions are kept within the thresholds.
- Maintain clear understanding and implementation the ERMF for Credit Risk.
- Design, maintain and effectively communicate risk control parameters across the Business, including policies, control standards, risk exposure limits and other control levers in order to maintain the risk profile in line with the Group’s risk appetite.
- 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.
- Assist the Chief Credit Officer / Senior Credit Officer in obtaining assurance regarding the effectiveness of the business controls and compliance with applicable laws & regulations.
- Participate in key committees through standing membership when and where required.
- Maintain an open and cooperative relationship in dealings with regulators when and where required.
- Assist the Chief Credit Officer / Senior Credit Officer in formulating and obtaining approval of Portfolio Guidelines / Risk Appetite Mandates which are supportive (from a Credit Risk perspective) of the business strategy of various segments.
- Approve breaches of local Portfolio Guidelines/Risk Appetite Mandates, to the extent permitted by Credit Policy / delegated authority.
- Monitor compliance with Credit Policy and Portfolio Guidelines/Credit Approval Documents/Risk Appetite Mandates on a periodic basis and review any divergence thereof with the CEO, Client Coverage (CC) Head/Segment Heads to ensure credit quality targets are achieved.
- Ensure the EAR process is adhered to and participate in monthly EAR discussions as required. 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 maximize recoveries and minimize losses.
- Co-ordinate with 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.
- Maintain Credit quality and high standards of professionalism for the risk function.
Governance
- These activities are covered under the ”risk management’ section above. Not applicable.
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 [UAE Credit risk 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.
Key stakeholders
Internal
- Country(ies) CCRO
- Members of Group Risk Committee
- Members of Risk Management Team
- Members of the Global Business Management Group
- Group Heads of Control functions
- Group Internal Audit
- Group Operational Risk
- Regional & Country CEOs and Business Heads (amend depending on geographical scope of role)
External
- Prudential Regulation Authority (PRA)
- Key Footprint regulators
- The Group’s external auditors
- Economic and Industry Associations
- Counterparts in major financial institutions
- Leading Risk Consultancies
- Local governance bodies
Our Ideal Candidate
- Minimum Bachelor’s degree. CFA, FRM certification preferred.
- Relevant experience in Corporate Banking credit risk management, credit analysis, credit approval, client origination or portfolio management role
- Strong analytical skills and ability to independently manage a portfolio of accounts and run with new deals / transactions with minimal supervision
- Enjoy decision making and have sense of ownership, excellent interpersonal skills and multi-cultural awareness and sensitivity.
- Good knowledge and grasp of banking practices, financial markets, risk appetite and portfolio management.
- Languages: English.
Role Specific Technical Competencies
- C & I Credit Risk
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