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 behaviors – 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 realize their full potential and make a positive contribution to our organization. This in turn helps us to provide better support to our broad client base.
We are recruiting to fill the position below:
Job Title: Manager, Credit Risk Management
Job ID: 2200004705
Location: Nigeria
Schedule: Full-time
Employee Status: Permanent
Role Responsibilities
Strategy:
- Inform the development of business plans with the provision of cost and impairment forecasts and a balanced judgment on the external environment
- Contribute to the development of performance management, in order to encourage the development of 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 the 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 accepted 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.
- Ensure appropriate judgment 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
- 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
- A 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
Governance:
- Ensure compliance to Group and regulatory policies
- Ensure compliance with 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
- Head Payment and Transacting
- Legal and CFCC
- Quality Assurance and Control
- Country technology
- Senior Analyst, PM & F
- Africa Regional Credit Managers
- Product Managers – WM Lending,
- Head RRO
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
- 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 utilize the necessary reports for portfolio management
- Review product policy and operations in order to make positive contributions and recommendations
- Perform a test of controls to reaffirm the proper functioning and adequacy of existing controls before product launch
Job Requirements
- Academic or Professional Education / Qualifications: University Degree background with credit risk management experience
- Licenses and Certifications/accreditations: minimum of 3 years of Retail Banking experience with proven credit skills
- Bank training i.e., mandatory & developmental – role-specific, and regulatory/compliance bank-wide & role specific: Credit Risk Management training
- Languages: English
- Professional membership i.e., required roles for continuous development/improvement/awareness of current practices
How to Apply
Interested and qualified candidates should:
Application Deadline 17th March 2022 at 12:59:00 AM
support@jobberpage.com