Job Description

Job Summary

The Trade Risk Manager oversees front to back operational and conduct risk for the Trade business within Transaction Banking (TB) reporting to the SA Risk Head. The incumbent will focus on Trade risk controls, reporting, Governance, and supervision. In addition, ensure consistent delivery of high-quality services to customers through meeting or exceeding customer expectation guided by the Service Level Agreement, efficiency/accuracy standards and good business processes/ judgement.

Responsibilities

Strategy

Responsible for ensuring that the framework is adopted for the timely identification, assessment, mitigation, reporting and escalation of Risk exposures for Trade in the Country. Assist in the identification and escalation of thematic and horizon risks and the implementation of appropriate controls to mitigate those risks. Be the \xe2\x80\x98go-to\xe2\x80\x99 person for the business with regards to the escalation of all operational risk-related incidents/queries/events that arise within the Country.

Effectively manage the Risk agenda for Trade in the Country across multiple risks types \xe2\x80\x93 financial crime, fraud, ICS, data quality, operational risks etc. Ensure that all material country and generic risks are identified, assessed, mitigated, monitored and reported to relevant governance forums, in country, region and group, and ensure that all practical efforts are taken to ensure a satisfactory (impeccable) auditable environment at all times

Business

Work with key stakeholders centrally, regionally in Country to drive a strong risk management culture across business and operations.

Comply with, and cascade, implementation and oversight of TB\xe2\x80\x99s Conduct and Supervision agendas in the Country, ensuring timely and effective delivery against both in line with TB and Trade Scorecard targets towards an enhanced culture of good Conduct

Processes

Ensure implementation of, and timely delivery against, TB\xe2\x80\x99s ongoing Conduct Plan within Trade working with local/regional business and CFCC and with Group Trade and Regional Risk Heads to ensure alignment and best practice sharing with other businesses

Work with the Country TB Head to identify and incrementally implement improvements to the standardized Conduct and Supervision pack for TB, incorporating Trade\xe2\x80\x99s specific requirements, but in alignment with broader TB and CCIB requirements

Work with Group Risk Team to manage the front to back peer review process and ripple review, audit to support development of best practice awareness, including, where appropriate to Country

Provide inputs to the SA Risk and Governance Head and the Trade NFRCs related to risk in the region, escalating issues, concerns or events as appropriate. Leverage NFRCs and other relevant risk committees to reinforce risk issues and awareness as relates to Trade in the Country

Own the rollout of relevant Group policies across Trade in the Country. Interact with policy and process owners, as well as relevant business Risk Head(s) to ensure that what is finally agreed is fit for purpose, and practical to implement.

Oversee the management of Risk Events in the Country, driving the right level of awareness, clarity and transparency with regards to the creation of Risk Events on EORP and the production of Risk Cause Reports for the Country. Tightly govern delivery of all remedial actions to plan

People & Talent

Lead through example and build the appropriate culture and values. Sets appropriate tone and expectations for the team and work in collaboration with risk and control partners.

Lead and support a change in mindset, building a culture of client centricity, agility, and accountability through standardised metrics and measurement.

Employ, engage and retain high quality people such that the team is skilled and experienced to deliver its obligations. Ensure succession planning for critical roles.

Set and monitor job descriptions and objectives for direct reports and provide feedback and rewards in line with their performance against those objectives and responsibilities.

Review team structure and capacity plans in accordance with change in business structure and demand.

Risk Management

Act as the voice, eyes and ears of the Country Trade Operations Head, SA Trade Risk Head, for all matters related to Risk for the Country.

Co-ordinate and effectively communicate the implementation of new developments, regulatory initiatives, and policy roll outs to impacted Trade staff and processes within the Country.

Effectively manage the entire Risk Management agenda for Trade within the region Country, along with ensuring targeted Front to Back peer reviews, and the proactive rippling of peer review and audit findings

Oversee the effective design and execution of controls within the Country, including identification of gaps and remediation of issues, elevating residual risk where appropriate

Work with Country teams and Group in the hubbing of control checks where feasible, ensuring continued country oversight and ownership of hubbed checks and processes

Identify opportunities to improve the effectiveness of the Trade Risk function within the Country, including the proactive management of control-check hubbing (while retaining country oversight and ownership of hubbed checks and processes), and driving the ongoing ORF rollouts and the rationalization of existing checks for Trade. Additionally, drive and support best practice and create efficiencies, including in the areas of EORP logging, data accuracy, standardisation and reduction of BORF packs, issue identification, etc

Governance

• Leverage the opportunity provided by Corporate Social Responsibility to enhance the Group\xe2\x80\x99s internal and external reputation and indirectly influence the bottom line.
• Promote the Group\xe2\x80\x99s brand and Here for Good with employees, clients and regulators.
• Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.
• Maintain effective communication with key stakeholders, including regulators and staff.
• Comply with Group Sanctions Policy and Procedures.
• Comply with Local Sanctions Policy and Procedures, if any.

Regulatory & Business Conduct

Display exemplary conduct and live by the .

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 Singapore, Trade Operations to achieve the outcomes set out in the Bank\xe2\x80\x99s Conduct Principles

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

Key stakeholders

• To effectively manage key stakeholders, Country Offices, Regulators, Superiors, Peers, Subordinates.

Our Ideal Candidate

• Academic Qualification: Any Graduate with relevant experience of 13+ years
• Relevant Trade Certification such as CDCS, CSDG, CTF as applicable to the role.
• AML & Sanctions Training, yearly certification

Role Specific Technical Competencies

• Good knowledge of ALL Trade Products \xe2\x80\x93 both Documentary and Open Account Trade
• Operational Risk management
• Stakeholder management skills
• Understanding of Risk Involved in Trade Products
• Good Communication and Collaboration

About Standard Chartered

We\'re an international bank, nimble enough to act, big enough for impact. For more than 160 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
• Be better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term

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, parental/maternity (20 weeks), sabbatical (12 weeks 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 - 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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