Associate Principal, Reporting & Operational Risk, Stressed Asset Group at Standard Chartered Bank Kenya

Role Responsibilities

Strategy

• Assist Regional Head CPM and Regional Head/ Area Head Stressed Asset Group to implement the strategy for CPM as it relates to management of stressed exposures across East Africa. Stressed exposures to include legacy CG 13 and CG 14 exposures managed solely by Stressed Asset Group, all new CG 13 and CG 14 exposures managed together with the respective Client Coverage Relationship Managers effective 1 March 2022, and any other exposure(s) across the CCIB balance sheet with imminent signs of impending stress including CG12 exposures under co management with Frontline. Ensure adherence to CPM business conduct framework in implementing this strategy.
• Reinforce the principle of first line ownership of risk in managing emerging risks in the East Africa CCIB portfolio, ensure timely detection and mitigation of such emergent risk, and collaborate with Risk, and FM/GCM teams in managing down the overall stressed asset portfolio aimed at improving the overall RoTE for CCIB and the Group.
• Providing transparency on the cost and risk of any mitigation action, and on the underlying decision-making process as they relate to the stressed asset portfolio. Work towards optimisation of RWA and liquidity in the legacy stressed asset portfolio for East Africa as a priority and ensure appropriate data capture/ data management that can feed into and improve CCIB's data/ credit modelling regimes. Monitoring the overall CCIB credit risk portfolio together with Regional Head/ Area Head Stressed Assets Group for any potential credit issues and help reduce exposures through secondary distribution and/or hedging - thereby playing a key role in reducing concentration risks and freeing up regulatory capital. Optimising the portfolio while remaining within risk tolerance.

Business

• Help drive financial performance against targets including meeting long term economic risk return (Rowe/ RoTE) goals and RWA targets for CCIB
• Help improve efficiency, speed, and productivity of capital for stressed asset portfolio and for broader CCIB balance sheet

Reinforce first-line ownership of risk and origination discipline/ Risk Management

• Stressed Asset Group to work towards early action and improved analytics by providing likely credit migration scenarios and assist exposure management within good book itself before an exposure is downgraded to stressed category
• Work with RM teams in determining appropriate credit risk grade and provisioning on all stressed assets in the designated region
• Work with frontline teams, broader CPM, SAR, and Credit Risk in the designated region to adhere to the tenets of latest CG 12 and CG 13/ 14 Roles & Responsibility documents, and to latest Problem Accounts Management Standards
• Ensure that material impairments and related issues are promptly reported to Regional Head CPM/ Regional or Area Head SAG
• Work with frontline teams to ensure that the Group's risk arising from litigation, environmental claims, regulatory censure, or potential reputational loss in regard to stressed assets portfolio are minimized
• Provide feedback to frontline teams regarding improvements in credit origination, documentation, or early problem recognition

Reduce P&L volatility while managing returns:

• Drive continuous improvement of the operational efficiency and effectiveness of the process to increase the consistency of global systems and processes.
• Evaluate current data availability and integrity issues and adapt the Stressed Asset Group mandate for governance and resolution
• Help communicate use of capital metrics (Liquidity and RWA efficiency/ RoTE), where applicable, for stressed assets so that they can be easily communicated to the front line when evaluating mitigation actions. Assist Regional Head CPM/ Regional or Area Head SAG, in managing overall cover ratio for stressed asset portfolio keeping in view accounting value vs. economic value

Processes

• Work with the team to support & manage where applicable CPM processes allocated to the CEO, CCIB by the Group process universe in line with the ORF and their associated risks, including activities within the processes which are hubbed or outsourced

• Execute the implementation of policies & control standards set by risk control owners and policy owners where appropriate. Ensuring compliance and operating within risk tolerance and risk appetite. Contribute to the adequacy and effectiveness of the systems, controls and procedures relating to Stressed Asset Group and CPM at large, that they are regularly and independently tested, assessed, and improved in a timely manner
• Assist Regional Head CPM/ Regional or Area Head SAG in effective management of operational risks within Stressed Asset Group and compliance with applicable internal policies, and external laws and regulations

Risk Management

• Ensure there are appropriate frameworks in place so that Stressed Asset Group business is carried out within the Group's risk appetite and reputational and credit risks are appropriately managed in conjunction with direct reports and other stakeholders
• Ensure compliance with the highest standards of regulatory conduct and compliance standards and practices as defined by internal and external requirements. This includes compliance with anti-money laundering regulations and guidelines
• Ensure any audit and compliance issues relating to Stressed Asset Group business are resolved in a timely manner
• Ensure that Risk Management matters that are brought to the job-holder's attention are subject to direct remedial action and/or escalated, where appropriate to relevant risk committees

Governance

• Accountable for escalation to CPMMT and other Group governance committees or to stakeholders in senior management, risk, or control functions as appropriate

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.
• Effectively and collaboratively identify, escalate, mitigate, and resolve risk, conduct and compliance matters

Specific Reporting and Operational Risk responsibilities

• Prepare periodical returns for the department for onward submission to Group SAG and Local regulator
• Prepare reports and maintain record on SAG portfolio
• Prepare monthly information pack for SAG Heads and others as and when requested.
• Ensure timely update of data in Amadeus
• Ensure SAG numbers reported by Finance are accurate
• Ensure accounts owned by SAG (IIS and Provisions) are reconciled against the GL
• Ensure BCP and BIA are in place for the unit and regularly reviewed.
• Attend to routine correspondence relating to accounts transferred to SAG
• Ensure all matters relating to staff and portfolios are in full compliance with all banking laws, regulations and internal policies and procedures.
• Perform the periodic LKCSA/CST/KCI checks on time
• Perform role of the unit BORM as described in the BORM's Job Description
• Ensure you remain alert to the risk of money laundering and assist in the Banks efforts in combating it by adhering to the key principles in relation to: identifying your customer, knowing your customer, reporting suspicions, safeguarding records and not disclosing suspicions to customers

Key Stakeholders

• Internal stakeholders: Country Client Coverage unit, Regional Stressed Asset Risk unit, relevant Regional/ Country Product units (e.g., GCM, FM Sales), Business and Country Finance units, Regional Credit & Risk units, Regional and Country Legal units, and Regional and country CFCC units
• External liaison: Stressed Asset Groups at other FIs, Credit/ Stressed Asset Funds, Portfolio Management teams at other banks. Institutional and Private Investors, External Lawyers, External Accountants, Regulators etc

Other Responsibilities

• Leverage the opportunity provided by Corporate Social Responsibility to enhance the Group's internal and external reputation and indirectly influence the bottom line
• Promote the Group's brand with clients, stakeholders, and regulators
• Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures

Our Ideal Candidate

• Graduate qualifications (or conversions): post-Graduate qualifications such as MBA, CFA, Chartered Accountancy, Mathematics/ Statistics, Qualified Lawyer
• Relevant experience in the banking and financial services industry with hands on experience of underwriting, managing, and recovering credit exposures across both developing and developed jurisdictions
• Good knowledge of fundamental drivers of credit risk, documentary and legal risks, portfolio, and balance sheet management; including market and regulatory dynamics
• Some experience in structuring credit risk products, restructuring of credit exposures, asset distribution, and exposure to credit derivatives and asset securitisation