Manager, Credit Risk Management Secured at Standard Chartered Bank Kenya

PURPOSE:

To uphold the integrity for the Group’s risk/return decisions and in particular for ensuring that credit risks arising from Retail Banking (RB) Secured Lending are properly assessed, that risk/return decisions are made transparently on the basis of the proper assessment, and are controlled in accordance with the Group’s standards and its Risk Appetite.

To ensure the Risk Management Framework and policies are effectively communicated and implemented across the Function and for administering related governance and reporting processes

To exercise credit risk approval authority in the RB Secured Lending business.

RESPONSIBILITIES:

• Strategy
  • Build and implement governance structure around Retail Banking Secured Lending (Mortgage, Auto Loans and Wealth Management) in Africa including Policy, Processes and Country structures.
• Business
  • Review and support of all Retail Banking Secured clients underwriting documents including Credit Approval Documents CAD and CRDs in Africa Market before onward transmission to CCO, RB Africa for approval/support.
  • To provide necessary portfolio analyses and credit performance forecasts, and review financials propositions with the Business to ensure good growth of quality assets.
  • Integration of Group Credit Policy/Standards with RB Secured Lending strategy/plan and ensuring appropriate credit culture/training and adherence to Group Credit policy/standards in the Africa Countries
  • Ensure proper functioning of day-to-day controls, periodic monitoring activities and timely resolution of risk issues across the cluster, continuously improving them.
  • Own compliance to Group Policies for Secured portfolios
• Processes
  • Oversee credit processes for efficiency and robustness; focus on timely customer conversion/turnaround while maintaining appropriate risk and controls
  • Continuously improve the operational efficiency and effectiveness of risk management processes
• People and Talent
  • 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
  • Uphold and reinforce the independence of the Function from those whose primary responsibility is to maximise short-term revenues and profits
  • Ensure the provision of ongoing training and development of the Function’s people, and ensure that holders of all critical functions are suitably skilled and qualified for their roles
  • Lead through example and build the appropriate culture and values within the Function and across the wider organisation
• 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 acceptable 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.
  • Own and implement effective quality assurance framework across Secured portfolio
  • Initiate stress tests as required by internal and external factors affecting retail clients and review results and assess their implications
  • Ensure that effective management response plans are in place to respond to extreme but plausible scenarios
  • 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
  • Ensure appropriate judgement 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
  • Maintain an open and cooperative relationship in dealings with regulators
  • Ensure timely reporting of related portfolio information to CCO, RB Africa

Key Stakeholders

Internal:

• Regional and Country Heads of Credit Initiation/ Risk Operations
• Regional and Country Heads/ Fraud Risk Managers
• Members of Retail Banking Risk Management Group
• Cluster & Country Retail Banking Heads
• Members of Country and Cluster Retail Banking Leadership Teams
• Country and Cluster Heads of Control functions
• Group Internal Audit

External:

• Regulators and Central Banks in the Cluster
• Credit Bureaus
• External auditors

KNOWLEDGE AND SKILLS:

• Market Knowledge: Substantial experience at the highest level in the banking industry, including demonstrated success in a similar role
• Business Strategy and Model: Sharp business acumen (including ability to assess risk and appropriate levels of return), strong leadership qualities, excellent interpersonal skills and multi-cultural awareness and sensitivity
• Risk Management and Control: Demonstrated track record in successful management and ability to manage risk in geographically dispersed and highly varied product base. Expertise in process design and control