Senior Credit Officer, UAE,Middle East Senior Credit Officer, UAE,Middle East …

Standard Chartered Bank
in Dubai, United Arab Emirates
Permanent, Full time
Last application, 30 Nov 21
Standard Chartered Bank
in Dubai, United Arab Emirates
Permanent, Full time
Last application, 30 Nov 21
Standard Chartered Bank
Senior Credit Officer, UAE,Middle East
About Standard Chartered
We are a leading international bank focused on helping people and companies prosper across Asia, Africa and the Middle East.

To us, good performance is about much more than turning a profit. It's about showing how you embody our valued behaviours - do the right thing, better together and never settle - as well as our brand promise, Here for good.

We're committed to promoting equality in the workplace and creating an inclusive and flexible culture - one where everyone can realise their full potential and make a positive contribution to our organisation. This in turn helps us to provide better support to our broad client base.

The Role Responsibilities
  • Plan development of risk parameters for the portfolio according to Risk Appetite and Policy Frameworks and documents in the relevant Portfolio Guidelines/Risk Appetite Mandates.
  • 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.

  • 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 portfolios 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.
  • Control the portfolio within the set risk parameters to ensure risk profile within risk tolerances.
  • Ensure credit approvals are within delegated authorities.
  • Supervise all processes where a member of the Risk function is the identified first line process owner.
  • Ensure effective management of the operational risks within the Risk function and compliance with applicable internal policies, and external laws and regulations.
  • Continuously improve the operational efficiency and effectiveness of the risk management processes.
People and Talent
  • Lead through example and build the appropriate culture and values. Set appropriate tone and expectations from the team and work in collaboration with Risk and control partners.
  • Ensure the provision of ongoing training and development of people.
  • Ensure that holders of all critical functions are suitably skilled and qualified for their roles, with 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.
  • Define an organization structure aligned and scaled to the risk control needs of the business.
  • 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 Risk function from those whose primary responsibility is to maximize short-term revenues and profits.
Risk Management
  • Assess the credit risk profile of the CCIB UAE/Middle East portfolio, maintaining alignment with risk appetite by rebalancing of risks or controls that may be required in response to internal and external factors.
  • Initiate 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 business 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 SCO's attention.
  • Exercise risk control responsibility for Credit Risk for the CCIB UAE/Middle East.
  • Ensure risk capabilities are objective, consistent and compliant with applicable 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.
  • Ensure appropriate judgment is applied in the discharge of risk authorities assigned to the jobholder, taking account of concentration risk across sectors, geographies and markets.
  • Ensure the quality of Business Credit Applications (BCAs) meets Group standards, particularly with regards to the completeness and depth of risk analysis.
  • 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.
  • Obtain assurance regarding the effectiveness of the business controls and compliance with applicable laws & regulations.
  • 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.
  • Maintain an open and cooperative relationship in dealings with regulators.
  • Formulate and obtain 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 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 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.
  • Increase working profits through effective management of the loan asset portfolio in order to help develop the franchise in a sustainable way and minimize 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 / Circulars / Procedures.
  • Undertake regular customer visits to better understand the business environment.
  • In partnership with Group Risk function colleagues:
  • Ensure the effective application of risk identification, measurement and modeling capabilities which are objective, consistent and compliant with Group standards and applicable local regulations.
  • 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.
  • Obtain assurance regarding effectiveness of controls and compliance with applicable laws and regulations.

  • These activities are covered under the ''risk management' section above.
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/Middle East 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.
Key Stakeholders
  • Members of Board Risk Committee
  • 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
  • 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

Other Responsibilities

  • Embed Here for good and Group's brand and values in CCIB Credit Risk team in the UAE/Middle East.
  • Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.

Our Ideal Candidate

  • Market knowledge: substantial experience at the highest level in the banking industry, including demonstrated success in a similar role.
  • Business strategy and model: sharp business acumen (including ability to assess risk and appropriate levels of return), strong leadership qualities, excellent interpersonal skills and multi-cultural awakened and sensitivity.
  • Risk management and control: demonstrated track record in successful management and ability to manage risk in geographically dispersed and highly varied product base. Expertise in process design and control.
  • Regulatory framework and requirement: awareness and understanding of the regulatory framework in which the firm operates and the regulatory requirements and expectations relevant to the role of SCO UAE/Middle East.
  • Non-technical skills: significant relationship management experience- with external stakeholder at the most senior levels, including regulators and rating agencies.
  • Languages: English.
  • Banking training:
  • Role specific training which are mandatory and developmental
1. Risk management framework
2. Corporate Credit Risk Management Certification (CCRMC)
4. Managing Credit Risk of Complex Transactions
5. Credit Risk in Derivatives
6. Rethinking Leadership
7. Effective Writing Workshop
Other training as deemed mandatory by the Bank and updated on a periodic basis.

Apply now to join the Bank for those with big career ambitions.

To view information on our benefits including our flexible working please visit our career pages . We welcome conversations on flexible working.
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