Job Summary
Role is responsible for the second line of defense in relation to the management of Counterparty Credit Risk and Market Risk for Americas businesses.
Key Responsibilities
- Establish a sound and robust Traded Risk framework for Americas, with risk limits commensurate with the Group's risk appetite and the mandates of each business, and in adherence with Group Risk policies and standards.
- To ensure the Traded Risk Framework is effectively communicated and implemented across the Traded Products within Markets, and for administering related governance and reporting, and improvement of Group / Regional Policies and Processes.
- To exercise direct Risk Control and Monitoring Ownership for Traded Credit Risk across Markets businesses in Americas.
- To uphold the integrity of risk/return decisions, and in particular for ensuring that risks are properly assessed, that risk/return decisions are made transparently on the basis of this proper assessment, and are controlled in accordance with the Group's standards and its Risk Appetite for Markets businesses in Americas.
- Appraise and contribute to the development of the Bank's strategic plans and alignment with risk appetite through supporting MANCO members and other executives.
- Engage with all stakeholders
*General Management of the Traded Risk Management Function in Americas
*Facilitate Markets business through approving Product Programs and Country Addendums, ensuring proper counterparty limits set for liquidity management and for trading, and revising credit excess approval guidelines to enhance framework for approval criteria turnaround time.
*Manage risk exposures in the trading portfolios. Provide early warning and identify deteriorating credits. Manage exposure down as required.
*Contribute to the strategic intent and Collective Agenda for the Traded Risk Management function.
*Maintain and develop risk capabilities, skills and infrastructure to meet ongoing business needs and plans
*Ensure effective management of operational risks within the Traded Risk Management function and compliance with applicable internal policies, and external laws and regulations.
*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
*Maintain alignment with risk appetite by rebalancing of risks or controls that may be required in response to internal and external factors
*Approve Markets transactions in compliance with personal delegated authority.
*Support Global Head, Traded Risk Management in Capital Market activities.
Additional Responsibilities
- Ensure risk identification, measurement, reporting, and modelling capabilities are objective, consistent, and compliant with applicable regulations
- Ensure that material risk exposures and related issues are reported to CCR Head, RMF HF and Europe
- Implement the overall Risk Management Framework for Traded Risk Products and oversee its effective application in Americas.
- Assist the CCR Head, RMF HF and Europe in contributing to provide input to the various risk committees on arising risk issues and new policies and processes.
- Help ensure that global and regional business and product heads and all Risk Control Owners understand and accept their risk management responsibilities through Financial Markets' local and regional committees.
- Maintain an open and cooperative relationship in dealings with regulators and auditors.
- Ensure that the team is appropriately staffed and skilled.
- Lead by example to create a strong risk culture, conducive to speaking up and open to challenge.
- Embed a culture of collaboration and accountability with a strong strategy vision and external orientation (being client-centric and risk-aware), and increasing prosperity by taking risk.
- Transforming the way we work through technology, innovation and simplification to make it easier to get work done and meet the needs of our clients quickly and safely.
- Prioritise work in a way that is consistent with the execution of the Group's strategy.
- Employ, engage and retain high quality people, with succession planning for critical roles.
- Responsibility to review team structure/capacity plans.
- Set and monitor job descriptions and objectives for direct reports and provide feedback and rewards in line with their performance against those responsibilities and objectives.
Key Stakeholders
Internal:
- CIB Markets
- Treasury
- Credit Risk
- Compliance
- Technology
- COO
- Finance
- Internal Audit
External:
- Key US regulators, Prudential Regulation Authority ("PRA"), Financial Conduct Authority ("FCA")
- Industry Associations and Professional bodies
Qualifications
- Market Knowledge: Extensive experience in the banking industry with proven success in a similar role.
- Business Strategy and Model: Strong business acumen with the ability to assess risk and appropriate levels of return. Demonstrated leadership qualities, excellent interpersonal skills, and understanding of a complex, matrixed organization.
- Risk Management and Control: Proven track record in managing risk across geographically dispersed and diverse product bases. Expertise in process design and control.
- Regulatory Framework and Requirements: In-depth understanding of the regulatory environment in which the firm operates, including relevant regulatory requirements and expectations.
- Non-Technical Skills: Significant experience in relationship management with senior external stakeholders, including regulators.
- Training:
- Risk management framework
- Core credit curriculum
- Group's mandatory training
About Standard Chartered
We're an international bank, nimble enough to act, big enough for impact. For more than 170 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 thingand 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
- Are better together,we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term
Expected annual base pay range for the role is215,000 USDto300,000 USD. The final offer will be determined on an individualised basis using a number of variables, including but not limited to skill set, depth of experience and education, internal relativity, and specific work location. At Standard Chartered Bank, Base pay is only part of the total compensation package. Discretionary variable pay and a range of attractive bank sponsored benefit programs are available and designed to foster employee overall health and well-being including, but not limited to, a best in class 401k plan with up to 8% employer match, robust medical plan coverage with employer funded Health Savings Accounts, inclusive family building benefits, and flexible/hybrid working arrangements for many of our positions subject to role specific considerations
Visit our careers website www.sc.com/careers
What we offer
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-offincluding annual leave, parental/maternity (20 weeks), sabbatical (12 months maximum) and volunteering leave (3 days), along with minimum global standards for annual and public holiday, which is combined to 30 days minimum.
- Flexible workingoptions based around home and office locations, with flexible working patterns.
- Proactive wellbeing supportthrough 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 cultureto 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.