CCRO and SCO, Pakistan
Standard Chartered Bank
Karachi, SINDH, Pakistan
1d ago

RESPONSIBILITIES :

SMR Responsibilities delegation In line with agreed cascades of GCRO SMR sub responsibilities to RMT and other delegatesSMF 4 Culture of good conduct :

I am responsible for building a culture of good conduct.Strategy- Appraise and contribute to the development of the Group's strategic plans and alignment with risk appetite through active membership of the CMT and other forums.

  • Contribute to the development of performance management and remuneration processes, in order to encourage the development of an appropriate risk culture and discipline Key Roles and Responsibilities Business-
  • Align strategy of the Risk function with business strategy and risk appetite in Pakistan.- Maintain and develop risk capabilities, skills and infrastructure to meet ongoing business needs and plans.

    Processes- Supervise all processes where a member of the Risk function is the identified first line process owner.- Ensure effective management of operational risks within the Risk function and compliance with applicable internal policies, and external laws and regulations.

  • Continuously improve the operational efficiencies and effectiveness of risk management processes.- Work collaboratively with Risk Operations and Risk Analytics.
  • Risk ManagementRisk Appetite- Uphold the integrity of investment and credit risk / return decisions through oversight of the Risk function and Risk processes and through membership of key Risk committees and forums.

  • Participate in the Group's Senior Risk Coverage Programme as necessary, ensuring delivery against agreed targets, in order to achieve deep knowledge and coverage of the Group's major clients.
  • Assess periodically the risk profile for each country and maintain alignment with risk appetite by rebalancing of risks or controls that may be required in response to internal and external factors for these countries.
  • Initiate a relevant stress test and scenario programme, review the results and assess their Implications for the principle countries.
  • Monitor the DEFCON status, and in consultation with the CCROs and Group Risk function colleagues, influence changes when judged necessary.
  • Ensure that effective management response plans are in place to respond to extreme but plausible scenarios.- Uphold the integrity of risk / return decisions, by challenging business and control function heads to demonstrate that risk origination and control decisions are properly informed and consistent with strategy and risk appetite.
  • Direct appropriate response to material events or other risk issues that come to the CRO, AME's attention.
  • Risk Ownership of Credit Market, Country Cross-Border, Short Term Liquidity and Operational Risk- Develop and maintain risk identification, measurement and modeling capabilities which are objective, consistent and compliant with applicable regulations-

    Ensure that the material risk exposures and related issues are reported to the responsible governance committees and to the Board or Risk committee as appropriate-

    Assign risk authorities to suitable named individuals in line with their skills and judgment- Design, maintain and effectively communicate risk control parameters across the Country, including policies, control standards, risk exposure limits and other control levers in order to maintain the Country's risk profile in line with overall risk appetite-

    Maintain a good understanding of the requirements of the Country's key external stakeholders in respect of risk management and ensure these are well understood internally and reflected in internal procedures-

    Obtain assurance regarding the effectiveness of controls and compliance with applicable laws & regulations- Define and maintain, in consultation with Finance, loss provisioning policies, procedures, delegated authorities and forecasting methodsOperational Risk1.

    Implement ORF in Country1.1.

    Act as senior management advocate to ensure understanding and commitment to ORF at Country Management Group level1.2.

    Escalate to Country Management Group members where necessary to ensure prompt resolution of local ORF implementation issues2.

    Embed use of ORF in country2.1.

    Ensure CORC instills ownership of operational risks at Country Management Group level and drives prompt and effective execution of risk management action plans2.2.

    Ensure first and second line in country is maintaining adequate capacity and capability to support ongoing control effectiveness2.3.

    Anticipate changes in country operational risk profile and direct mitigating actions through first and second line2.4.

    Ensure decisions made and key issues discussed at Group level risk committees are disseminated to all relevant country level stakeholders3.

    Ensure compliance with OR policies3.1.

    Effective supervision of Operational Risk function in country to ensure compliance with all relevant policies3.2.

    Ensure compliance with all local regulatory requirements in relation to operational risk4.

    Deliver second line assurance4.1.

    Direct higher levels of assurance in areas of greatest concern4.2.

    Oversight of assurance activities to ensure OR is acting as an effective second line4.3.

    Ensure differences in standards set by Country Risk Controls Owners are resolved with the relevant Country Business and / or Function HeadsGovernance-

    Maintain the overall Risk Management Framework for the Group and oversee its effective application for Pakistan.- Ensure that Pakistan consistently and effectively follow the Group's standard risk committee structure.

    Wherever possible, attend country risk committees as an observer / advisor.- Monitor the performance of CCROs in ensuring that the business heads, first line process owners and all Risk Control Owners understand and accept their risk management responsibilities.

  • Maintain an open and cooperative relationship in dealings with regulatorsRegulatory & 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 Pakistan Risk Function to achieve the outcomes set out in the Bank's Conduct Principles :
  • Fair Outcomes for Clients; Effective Operation of Financial Markets; Financial Crime Prevention; The Right Environment.-

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

    Embed Here for good and Group's brand and values in Risk Pakistan- Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.

  • Perform activities associated with the management of role of Senior Credit Officer, Pakistan as below :
  • FCA 14 Wholesale Lending Decisions :

    Responsibility for wholesale lending decisionsI am responsible for final credit decisions for wholesale lending facilities.

    My responsibilities do not extend to the following, which are the responsibility of the relevant Business CEOs :

  • Completeness and accuracy of the business credit application and capture of critical information required for credit risk measurement and credit analysisRisk ManagementRisk Appetite-
  • Exercise risk control responsibility for Credit Risk, Corporate, Institutional and Commercial- Ensure that material risk exposures and related issues are reported to the responsible governance committees and to Group and business-

    level committees as appropriate- Ensure the quality of Business Credit Applications (BCAs) meets Group standards, particularly with regards to the completeness and depth of risk analysis,-

    Approve breaches of local Portfolio Standards / Credit Approval Documents, to the extent permitted by Credit Policy / delegated authority.

  • Formulate and obtain approval of Portfolio Standards / Credit Approval Documents which is supportive (from credit risk perspective) of the business strategy of various segments.
  • Ensure Country Risk Committee meets on a regular basis to review risk issues in compliance with Group Policy governing such matters and actively participate on that Committee-
  • Ensure timely submission and accuracy of Country credit portfolio data to the Country Risk Committee.

    These Include, but may not be limited to, the following :

    Risk MI reports- All approved exposures in Country (as required by local regulatory Reporting).- Details of approved breaches of Group and Local Credit Policy (including details of mitigating circumstances).

  • Country Risk exposure.- Monitor compliance with credit policy and Portfolio Standards / Credit Approval Documents on a monthly basis and review any divergence thereof with the CEO, Client Coverage (CC) Head / Segment Heads to ensure credit quality targets are achieved.
  • Ensure EAR process is adhered to and lead monthly EAR discussions.
  • Assist relationship managers in identification and managing up or out of accounts exhibiting signs of deterioration and assist Group Special Assets Management where appropriate, in managing accounts to maximise recoveries and minimise losses.

  • Increase working profits through effective management of the loan asset portfolio in order to help develop the franchise in a sustainable way and minimise provisions.
  • Maximize Economic Revenue through effective management of the risk / reward relationships.- Maintain credit quality and high standards of professionalism for the risk function.
  • Ensure effective implementation of Group Policies I Circulars / Procedures.- Actively participate in bi-monthly Regional Credit Issues Forum (RCIF).
  • Undertake regular customer visits to better understand the business environment Qualifications and Skills Academic or Professional Education / Qualifications;
  • MBA or equivalent Bank training; CCRO Certification, CCC, Languages; English & Urdu Proven leadership track Ability to drive the Bank's Risk agenda Minimum 15 years of exeperience in managing Risk functions of progessive organisations with atleast 5 years in leadership role.

    How To Apply You can search and view current opportunities across our organisation and apply immediately by visiting www.

    standardchartered.com and selecting Careers.

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    We will ask you about your education, career history and skills and experience, it may be helpful to have this information at hand when completing your applicationIt usually takes 15 -

    20 minutes to complete the application form; you can save your application at any time and return to complete it at your convenience.

    Closing Dates The closing date for applications is 21 / 03 / 2018.

    Please note all closing dates are given in Hong Kong time (GMT + 8 hours).

    We aim to respond to successful applicants within four weeks and will keep a record or your application in our database so that we can contact you when suitable vacancies arise in future.

    Diversity and Inclusion Standard Chartered is committed to diversity and inclusion.

    We believe that a work environment which embraces diversity will enable us to get the best out of the broadest spectrum of people to sustain strong business performance and competitive advantage.

    By building an inclusive culture, each employee can develop a sense of belonging, and have the opportunity to maximise their personal potential.

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