Job Description

The Role Responsibilities Strategy * The purpose of RP is to assist Country Process Owners (CPOs) and Global Process Owner (GPOs) to effectively manage operational risk within the first line of defence. The members must ensure that the sampling t

The Role Responsibilities Strategy The purpose of RP is to assist Country Process Owners (CPOs) and Global Process Owner (GPOs) to effectively manage operational risk within the first line of defence. The members must ensure that the sampling tests are conducted in accordance with Risk Management Framework, Group Operational Risk Policies and Procedures. To ensure error free work with no operating losses Emphasis to Identify, assess, monitor, escalate and report operational risks from respective business scope to both business line managers and Unit Head in a timely manner. Ensure Individual Productivity targets are met / surpassed Business The extent to which operational risk events and audit findings are surprises rather than having been identified as exposures. An acceptable and understood history of operational risk losses. An acceptable history of audit results and assurance outcomes. Evidence that the control structure is well understood and aligned with significant exposures. Timely responses to changes in Local and Group regulatory environment (e.g. FSA) and, Group internal policies and standards with operational risk exposure. Timely analysis, reporting and escalation of real or potential significant operational risk exposures. Processes Control Assessment & Assurance: Quality Assurance: To make sure the quality assurance of operational risk controls across all processes in the corresponding business area. Competency and Effectiveness: To be fully competent in control measure skills and methodology in conducting sample testing, quality checking, and monitoring to be effective in identifying control process gaps, timely escalation of identified issues or risks, and any effective actions to mitigate within the accepted timeframe. Ensure 1st Line risk ownership: To assist business heads or managers truly own all risks in their business areas. Independence toward control management: To conduct independent and effective sample testing, monitoring, and investigation on all related processes with control measures in order to provide feedback to the Business head/Unit Head/ and control functions in timely manner. Monitoring and escalation: To be responsible for monitoring all processes in the corresponding area and escalate any issues and risks to the Line Manager / Unit Head on timely manner. Investigation, logging and monitoring of Ops Risk issues, events including development and implementation of action plans. Accurate Updating of Control Sheets / master sheets. Ensure staff performance is monitored on a continuous basis and feedback provided at regular intervals. Ensure timely escalation to Senior Management of any exception noticed related to work and environment. Ensure proper training (OJT) is given to team members whenever required. Ensure backup staff is identified and trained. Ensure proper hand over is adhered. Responsible for the implementation and executions of the KCI / KCSA / CST process, sampling and testing the population of controls to ensure compliance with the agreed standards Responsible for ensuring the timely identification, assessment, mitigation, reporting and escalation of all identified exceptions To ensure exceptions arising out of KCI / KCSA / CST checks are immediately rectified and preventive action put in place to prevent recurrence. Any other Credit Admin related activity asked to be performed by the Line Manager To actively participate in BCP/DR and any other UAT / UVT. Perform independent reviews of Risk/Loss items if required, Provide CTMU Group with any common trends of issues identified and add value by identifying any gaps. Assist in the identification of the business / regulatory risks and the implementation of appropriate controls to mitigate those risks if applicable. Risk Management Compliance with all relevant Group Credit Policies & Procedures related to CCIB Compliance with all relevant Group Money Laundering Prevention Policy Compliance with Group Operational Risk procedures Regulatory & Business Conduct Display exemplary conduct and live by the Group&rsquos 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. Leadto achieve the outcomes set out in the Bank&rsquos Conduct Principles: [Fair Outcomes for Clients Effective Financial Markets Financial Crime ComplianceThe Right Environment.] . Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters. Key Stakeholders Representatives in Group and In-country Risk and Control team, Business Functions & Relationship Managers Other Responsibilities Ensure that Productivity MIS is updated accurately and immediately after the completion of respective process. Actively participate in automation initiatives including A3. Ensure that knowledge on Systems and procedures is updated by keeping track of periodical circulars and other instructions issued Participate in test on knowledge and procedures, departmental quizzes, and Group / Companywide CSR Initiatives/Trainings including role certification. Ensure proper maintenance of the workstation and the environment of the workplace. Ensure adherence of Clean Desk Policy. Ensure timely completion of all E Learning Courses. Our Ideal Candidate Preferably Commerce Graduate / Postgraduate. Experience in operational risk management or engineering processes and Possess in-depth knowledge and problem-solving skills to function well in an Operations Risk Role. Ability to work in a matrix organisation, leveraging resources across the organisation to complete deliverables Basic Understanding of Banking and Credit Administration / Credit Process / Documentation / CTMU Knowledge with experience ranging from 5-15 years Advanced Product & process knowledge (knowledge in terms of customers, products and transactions) Core Risk awareness Banking operations experience (Credit Risk, Documentation, Client Service, CDD, payments, trade, markets or other) and service-oriented attitude. Good Oral & Written communication. Full understanding on Bank&rsquos RMF, ORMF and skills in managing operational risk. Sound judgement and courageto perform a risk and control role and maintain effective working relationship in the first line of defence Fully competent in sample testing methodology, conducting quality check and assuring operational risk being properly managed in the first line. For Documentation (In addition to above) Core awareness of corporate/commercial banking documentation process Knowledge of various constitutional clients and corporate structure. Knowledge of various Corporate Credit Products Especially Trade, Lending, Financial Marketsetc., Expertise in handling various constitutional clients credit documents including consortium, mortgage, hypothecation and syndication Knowledge in legal terminology in various constitutional client&rsquos credit documents. Established working relationships with clients and relationship managers especially on documentation and credit related matters Able to interpret of Loan / Credit Terms Role Specific Technical Skills And CompetencieS Product Knowledge/ Domain Knowledge Process Management Time / Resource Management Precision / Accuracy Customer Centricity Problem Resolution / Handling Communication Stakeholder Management Change Management 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. Visit our careers website