Posted on Wed 02nd Mar, 2022 - hotnigerianjobs.com --- (0 comments)
Standard Chartered Bank Nigeria - 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.
Inform the development of business plans with the provision of cost and impairment forecasts and a balanced judgement on the external environment
Contribute to the development of performance management, in order to encourage the development of an appropriate risk culture and discipline
Business:
Communicate the strategic intent and collective agenda of the function
Maintain and develop risk capabilities and skills to meet ongoing business needs and plans
Processes:
Ensure effective management of operational risks within the function and compliance with applicable internal policies, external laws and regulations
Continuously improve the operational efficiency and effectiveness of risk management process
Risk Management:
Proactively identify portfolio problems and take corrective action by effective use of MIS and Analytics
Manage all problem portfolio exposures in accordance with acceptable norms of appropriateness/timing of classifications, non-accruals, and write downs of assets.
Ensure compliance to Group Policies for Secured segments, ensuring timely gap analyses are done and dispensations obtained where required.
Own and implement effective quality assurance framework across WM portfolio
Ensure effective monitoring and portfolio management of Wealth Management Lending in line with Group standards and local regulations
Initiate stress tests as required by internal and external factors affecting secured portfolios and review results and assess their implications
Ensure that effective management response plans are in place to respond to extreme but plausible scenarios
Direct appropriate response to material events or other risk issues that come to the role holder’s attention
Ensure that material risk exposures and related issues are reported to the responsible governance committees
Ensure appropriate judgement is applied in the discharge of risk authorities assigned to the jobholder, taking account of concentration risk across sectors, geographies, and markets where applicable.
Design, maintain and effectively communicate risk control parameters across the retail clients business, including policies, control standards, risk exposure limits and other control levers in order to maintain the business’s risk profile in line with the Group's risk appetite
Maintain a good understanding of the requirements of key external stakeholders in respect of credit risk management and ensure these are well understood internally and reflected in internal procedures
Ensure business and product heads understand and accept their credit risk management responsibilities
Ensure timely reporting of related portfolio information to relevant stakeholders
Governance:
Ensure compliance to Group and regulatory policies
Ensure compliance to the CCPM
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 Global Support Functions Risk (GSF Risk) to achieve the outcomes set out in the Bank’s Conduct Principles
Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
Central Bank of Nigeria prescribed responsibilities
Exercise authorities delegated by the Board of Directors and act in accordance with Articles of Association
Key Stakeholders
Internal:
CCH Nigeria & W/Africa
CCH Ghana
Head Collections
Senior Analyst, PM & F
Internal:
CCH Nigeria & W/Africa
CCH Ghana
Head Collections
Senior Analyst, PM & F
Africa Regional Credit Managers
Product Managers – WM Lending,
Head RRO
Head Payment and Transacting
Legal and CFCC
Quality Assurance and Control
Country technology
External:
Regulators and Central Banks in the Cluster
Credit Bureaus
External auditors
Other Responsibilities:
Embed the Group’s brand values
Perform other responsibilities assigned under the Group, Country, Business, Functional policies and procedures
Manage the credit policy function
Affirmation of controls – check and reaffirm all the controls for client limit, caps and tenors
Assist in product development and its delivery standards
Review product policy and operations in order to make positive contributions and recommendations
Perform test of controls to reaffirm the proper functioning and adequacy of existing controls before product launch
Maintain portfolio quality within budgeted parameters for the asset portfolios
Ensure legal, regulatory and group compliance
Revalidate the caps set for the different segments and plans
Obtain and utilise the necessary reports for portfolio management
Job Requirements
Academic or Professional Education / Qualifications: University Degree background with credit risk management experience
Licences and Certifications/accreditations: minimum of 3 years of Retail Banking experience with proven credit skills
Professional membership i.e., required roles for continuous development/improvement/awareness of current practices
Bank training i.e., mandatory & developmental – role specific, and regulatory/compliance bank wide & role specific: Credit Risk Management training
Languages: English
Application Closing Date
17th March, 2022 at 12:59:00 AM