New Job Opening at Standard Chartered Bank

New Job Opening at Standard Chartered Bank

POSITION: Country Credit Head, Retail Clients, Ghana

Responsibilities

The Country Credit Head (“CCH”) is responsible for carrying out obligations as the overall second line of defence for risk management in Wealth and Retail banking, which includes overseeing and challenging risk management actions taken by the First Line. As the Risk Framework Owner (“RFO”), they are accountable for:

• Establishing (or proposing) the Retail risk-type framework, appetite, policies, and control requirements.
• Making judgments within delegated authorities while preserving the skills required to manage such risks.
• Setting up appropriate assurance and reporting processes.
• Design and efficacy of risk controls, monitoring compliance with the Board-approved Retail risk appetite, and reporting material deviations to appropriate management and risk committees.

Key Responsibilities

Strategy

• Lead Ghana’s WRB Risk strategy and agenda, as well as oversee its implementation in the country.
• Embed innovation, digitization, and analytics to drive the digital risk agenda while employing advanced risk management tools.
• Represent and question the WRB Risk function in appropriate committees and management forums.
• Oversee collection and recoveries to keep portfolio delinquencies and charge-offs within plan/expectations. Joint accountability to guarantee that collection proficiency and associated tactics are aligned with financial goals and continuously improved.
• Lead teams to provide effective risk management in Ghana.
• Inform the creation of business strategies by providing cost and impairment estimates, as well as a balanced assessment of the external environment.
• Maintain full end-to-end accountability for credit loss performance. This includes accountability for all activities that may have an impact on credit loss performance, such as operational processes, external vendor processes, risk management strategies and decision-making tools, product policies and features, and regulations.
• Responsible for risk-related disclosure to regulators, investors, analysts, and rating agencies (e.g., annual and interim results, Pillar 3; maintain compliance with any regulatory requirements).
• Contribute to the creation of performance management and remuneration processes to foster the growth of suitable risk culture and discipline.

Business

• Communicate the strategic goal and collaborative agenda of the function.
• Maintain and build risk competencies and skills to meet continuous company demands and plans.

Processes

• Responsible for the WRB Risk function’s operational efficiency and effectiveness, including risk management processes, through the development and maintenance of an operational excellence agenda.
• Ensure that operational risks are effectively managed within the Function, as well as compliance with appropriate internal policies and external laws and regulations.
• Demonstrate complete ownership of risk management decision-making tools and processes.
• Continuously enhance the operational efficiency and efficacy of risk management processes.

People & Talent

• Lead by example and create an acceptable culture and values. Set proper tone and expectations for my team, and collaborate with risk and control partners.
• Ensure that employees receive continual training and development, and that holders of all important duties are appropriately skilled and qualified for their roles, with adequate supervision in place to limit potential risks.
• Line management responsibilities include creating and monitoring job descriptions and objectives, as well as offering feedback and rewards based on how well employees accomplish those responsibilities and objectives.
• Attract, hire, and retain top individuals with relevant industry and functional expertise, while also ensuring succession plans for crucial roles.
• Responsible for reviewing team structure and capacity plans.
• Set and monitor job descriptions and objectives for direct reports, and provide feedback and rewards based on how they execute against those duties and objectives.
• Maintain and reinforce the independence of the risk function.

Risk Management

• Manage the credit risk profile of WRB’s client portfolio in Ghana. maintain alignment with risk appetite by rebalancing risks or controls that may be required in response to internal and external circumstances. Initiate stress tests as necessary on internal and external factors, review the results, and evaluate their consequences.
• Assume supervisory responsibility for the Risk Type Framework Ownership of Credit Risk for Environmental, Social Governance, and Reputational Risk, in compliance with the applicable Risk Type Frameworks, policies, and Enterprise Risk Management Framework requirements.
• Ensure that any dispensations or escalated approvals conform with the delegated credit authority levels.
• Ensure complete compliance with Group Credit Policies and Process Standards at the country level.
• Design, manage, and effectively communicate risk control parameters throughout Retail Credit, including policies, control standards, risk exposure limits, and other control levers, to keep the business’s risk profile following the Group’s risk tolerance.
• Respond appropriately to material events or other risk issues that come to the position holder’s attention.
• Ensure that adequate judgment is used in the discharge of risk authority assigned to the jobholder, taking into consideration concentration risk across sectors, geographies, and markets as relevant. Grant risk authority to suitable designated personnel per their abilities and judgment.
• Maintain a thorough awareness of the expectations of important external stakeholders in relation to credit risk management, and ensure these are fully understood internally and reflected in internal procedures.
• Obtain confidence about the efficiency of credit controls and compliance with relevant laws and regulations.

Governance

• Ensure that adequate management response strategies are in place to address severe but likely events.
• Conduct stress tests as needed by internal and external factors, then examine the results and assess their implications to drive risk management efforts.
• Maintain the integrity of risk/return decisions by forcing business and control function leaders to demonstrate that risk origination and control decisions are well-informed and consistent with strategy and risk tolerance.
• Ensure that material risk exposures are identified and reported to the appropriate governance bodies.
• Obtain confidence about the efficiency of credit controls and compliance with relevant laws and regulations.
• Keep an open and helpful relationship with regulators.

Regulatory and Business Conduct

• Exhibit excellent behavior and abide by the Group’s values and code of conduct.
• Accept personal responsibility for implementing the highest ethical standards, including regulatory and corporate conduct, throughout Standard Chartered Bank. This involves studying and ensuring that all applicable laws, rules, guidelines, and the Group Code of Conduct are followed in both text and spirit.
• Lead WRB Credit Risk Management to achieve the results outlined in the Bank’s Conduct Principles. [Fair Client Outcomes; Effective Financial Markets; Financial Crime Compliance; The Right Environment.
• Effectively and collaboratively identify, escalate, mitigate, and resolve risk, behavior, and compliance issues.
• Ensure compliance with the Credit Bureau Act rules, BOG Prudential Guidelines, and other relevant rules.

Key stakeholders:

• WRB Country Heads, Country CEOs, and Local Business Teams
• Country / Region / Group WRB Risk Managers
• Local functional teams.

Other responsibilities.

• Embed Here for good and the Group’s brand and values in Ghana. Perform other obligations allocated by Group, Country, Business, or Functional policies and procedures; Multiple functions (double hats).

Skills and Experience

• Change Management Skills
• Business Governance & Support
• People Management
• Service Delivery & Operations Capabilities
• Manage Conduct
• Business Advisory

Qualifications

• Market knowledge is the awareness and comprehension of the larger business, economic, and market environment in which the firm operates. Substantial experience at the top levels of the financial business, having previous success in a similar job. Must be familiar with numerous legislation affecting credit risk management, industry, and collections, notably from the Central Bank of Ghana.
• Business Strategy and Modeling: Knowledge and comprehension of the firm’s business strategy and model, as applicable to the function. Sharp commercial acumen (including the ability to identify risk and appropriate rates of return), strong leadership traits, good interpersonal skills, and multicultural knowledge and sensitivity.
• Risk Management and Control: The ability to detect, assess, monitor, control, and mitigate potential hazards. Also required is an awareness and comprehension of the major risks affecting the bank, financial markets, and the individual’s role in managing them. Proven track record of successful management and risk management in a regionally dispersed and diverse product base. Proficient in process design and control.
• Regulatory framework and requirements: Awareness and awareness of the regulatory environment under which the organization operates, as well as the regulatory obligations and expectations related to the function
• Non-technical Skills: Extensive relationship management experience with external stakeholders at the highest levels, including regulators and rating agencies.
• Certifications: This position requires a university bachelor’s degree; a master’s degree is preferred.
• Knowledge of the regulatory reporting requirements is necessary.
• Proficiency with MS Office, including Microsoft Excel and PowerPoint\
• Ability to work within a multi-function, multi-disciplinary team environment with good stakeholder management abilities.
• Effective communication, interpersonal, and analytical skills.

About Standard Chartered.

We are an international bank, small enough to act but large enough to make an impact. For almost 170 years, we’ve strived to improve the lives of our clients, communities, and one another. We question the status quo, appreciate a good challenge, and are always looking for new ways to grow and improve. If you’re seeking for a meaningful job and want to work for a bank that makes a difference, we’d like to hear from you. You can count on us to recognize your unique talents, and we are excited to see what you can bring us.

Our purpose, to generate commerce and prosperity via our distinctive diversity, and our brand promise, to be here for good, are realized by how we all practice our valued behaviors. When you work with us, you’ll see how much we embrace diversity and encourage inclusion.

Together We

• Do the right thing, be forceful, challenge one another, and live with integrity, placing the client at the heart of everything we do.
• Never settle, constantly pushing to develop and innovate, keeping things simple, and learning from doing well and poorly.

What We Offer

We offer the ability to be ourselves, be inclusive, find the good in others, and collaborate for long-term success.

• Under our Fair Pay Charter, we provide a competitive wage and benefits package to promote your emotional, physical, financial, and social well-being.
• Core bank funding for retirement savings, medical, and life insurance, with flexible and optional benefits provided in some areas.
• Time off includes annual leave, parental/maternity leave (20 weeks), sabbatical (12 months maximum), and volunteering leave (3 days), as well as the global minimum for annual and public holidays, which is 30 days.
• Flexible working arrangements centered on home and office locations, with adaptable work schedules.
• Proactive wellness assistance 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 various self-help toolkits.
• A culture of continuous learning to support your development, including opportunities to reskill and upskill, as well as access to physical, virtual, and digital learning resources.
• Being a part of an inclusive and values-driven company that embraces and celebrates our unique variety across teams, business divisions, and regions means that everyone feels appreciated and can reach their full potential.

How to Apply for this Job at Standard Chartered Bank

Click Here to Apply Online

Closing Date: November 22, 2024

NOTE:

It is important to keep in mind that employers receive many applications for each job posting and will only select the most qualified candidates. Furthermore, NewsNowGh does not have any influence over the decisions made by employers/recruiters. As a result, we cannot guarantee that sending applications will lead to candidates being shortlisted or selected for a particular position.

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