Job Summary
We are seeking an experienced Senior Credit Review Manager in New York to join our team at Standard Chartered Bank. The successful candidate will be working with the Head Credit Risk Review, US as well as other colleagues to drive the risk management of the bank’s Credit Risk Review origination, underwriting, and portfolio to maximize the efficiency by managing time, communication and logistical needs.
The US Credit Risk Review (CRR) team is an independent function providing assessment of credit risk ratings, overall credit quality of credits held within the NY Branch Corporate and Investment Banking (CIB) Loan Portfolio. All staff in US CRR must exhibit the highest level of professional objectivity in gathering, evaluating and communicating information about the activity or process being examined. They must make a balanced assessment of all the relevant circumstances and not be unduly influenced by their own interests or by others in forming judgments.
We appreciate self-driven candidates who excel advisory, strategy, risk mitigation, compliance, governance. In this role, you aren’t just managing a process, you are a key player in the employee and key stakeholder’s experience. We believe that a willingness to acquire new skills will contribute to success in this role.
Key Responsibilities
- Support the Head of Credit Risk Review ("CRR") and Senior Management in the execution of the annual Credit Risk Review plan.
- Act as Team Leader or Team Member on various Credit Reviews and act as Continuous Monitoring officer for all assigned portfolios. This includes participation in the planning, execution and reporting of Credit Reviews, Continuous Monitoring activities, and any Special Projects assigned.
- Identify deficiencies in the application of the Bank's Credit Risk Management Framework and agree and finalise issues and action plans with management.
- Ensure early identification and escalation of risks, issues, trends and developments to relevant stakeholders.
- Ensure that assigned credit review work is executed in an efficient and effective manner, within the given budget and timelines, and is of high quality, while complying with CRR policies and Standards.
- Build and maintain engagement with stakeholders.
- Attend formal committees and meetings on behalf of the Head of CRR or for their own area of responsibility, as required, e.g. Governance Committees and Country Credit Risk Committees; and
- Track and validate all issues raised in the execution of their responsibilities: all CRR issue action plans agreed during CRR fieldwork should be tracked through to completion in accordance with methodology requirements.
- Support the Head of CRR, where required, in the development of the entity level risk assessment and the development of an appropriate CRR plan for the portfolio.
- Support the Head of CRR to confirm that reviews assigned to the individual address the key risks identified in the detailed risk assessment and in the review planning process, and meet relevant regulatory requirements and expectations that are required to be covered by US CRR;
- Support the Head of CRR to assess the assigned CRR plan to confirm that it remains relevant throughout the year as the risk profile of the business changes. Propose changes as appropriate; and
Day-to-Day Tasks
- Assist the Head of CRR to effectively manage the cost of assigned CRRs within the allocated budget for CRR engagements; and
- Identify and implement opportunities for cost savings and optimal productivity of assigned CRR engagements.
- Ensure that CRR team operates in line with the relevant Policies and Standards during engagements, remains independent from management and free from interference.
- Provide technical input and challenge on review work being undertaken within the scope of assigned product / country area of responsibility. This will include working with the CRR team to produce high quality outputs which address the risk;
- CRR methodology should be adhered to in all areas of the review engagement, as well as raising team members’ awareness and understanding of the methodology;
- Demonstrate sound knowledge of both business/technical areas and proficiency with the CRR process, including systems utilized, to ensure that CRR work is carried out to a high standard that meets all methodology requirements.
- Contribute to the creation of draft reports of each review and participate in the report review process.
- Have a thorough understanding of the regulatory landscape and to ensure that all key regulatory concerns are covered in the review scope.
- Monitor the implementation/delivery of the agreed issues/CRR plans for the reviews assigned, understanding the key risks arising, provide advice on resolution of issues to CRR action plan owners and escalate review findings that remain unresolved.
Skills and Experience we look for
- A seasoned credit review specialist, with 7-10 years of experience performing credit analysis for corporate and institutional banking clients.
- Experience participating in independent loan reviews.
- Formal Credit Training.
- Experience in audit, governance, risk or in a business environment;
- In depth understanding of Corporate & Institutional Banking business, including credit and operational risks.
- Strong communicator, both written and verbal, with an ability to influence and an ability to gain the respect of regional stakeholders, peers and their teams;
- Confident and courageous to raise/escalate issues in a pro-active, professional and timely manner;
- Self-directed and able to work with minimum supervision.
About Standard Chartered
We're an international bank, nimble enough to act, big enough for impact. For more than 170 years, we've worked to make a positive difference for our clients, communities, and each other. We question the status quo, love a challenge and enjoy finding new opportunities to grow and do better than before. If you're looking for a career with purpose and you want to work for a bank making a difference, we want to hear from you. You can count on us to celebrate your unique talents and we can't wait to see the talents you can bring us.
Our purpose, to drive commerce and prosperity through our unique diversity, together with our brand promise, to be here for good are achieved by how we each live our valued behaviours. When you work with us, you'll see how we value difference and advocate inclusion.
Together we:
- Do the right thing and are assertive, challenge one another, and live with integrity, while putting the client at the heart of what we do
- Never settle, continuously striving to improve and innovate, keeping things simple and learning from doing well, and not so well
- Are better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term
What we offer
In line with our Fair Pay Charter, we offer a competitive salary and benefits to support your mental, physical, financial and social wellbeing.
- Core bank funding for retirement savings, medical and life insurance, with flexible and voluntary benefits available in some locations.
- Time-off including annual leave, parental/maternity (20 weeks), sabbatical (12 months maximum) and volunteering leave (3 days), along with minimum global standards for annual and public holiday, which is combined to 30 days minimum.
- Flexible working options based around home and office locations, with flexible working patterns.
- Proactive wellbeing support through Unmind, a market-leading digital wellbeing platform, development courses for resilience and other human skills, global Employee Assistance Programme, sick leave, mental health first-aiders and all sorts of self-help toolkits
- A continuous learning culture to support your growth, with opportunities to reskill and upskill and access to physical, virtual and digital learning.
- Being part of an inclusive and values driven organisation, one that embraces and celebrates our unique diversity, across our teams, business functions and geographies - everyone feels respected and can realise their full potential.
Recruitment Assessments
Expected annual base pay range for the role is 143,400 USD to 215,000 USD. The final offer will be determined on an individualised basis using a number of variables, including but not limited to skill set, depth of experience and education, internal relativity, and specific work location. At Standard Chartered Bank, Base pay is only part of the total compensation package. Discretionary variable pay and a range of attractive bank sponsored benefit programs are available and designed to foster employee overall health and well-being including, but not limited to, a best in class 401k plan with up to 8% employer match, robust medical plan coverage with employer funded Health Savings Accounts, inclusive family building benefits, and flexible/hybrid working arrangements for many of our positions subject to role specific considerations
Some of our roles use assessments to help us understand how suitable you are for the role you've applied to. If you are invited to take an assessment, this is great news. It means your application has progressed to an important stage of our recruitment process.
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