Job Title: Senior Credit Manager – Financial Institutions Risk, West Africa
Job ID: 375284
Location: Lagos, Nigeria
Organisation: Standard Chartered Bank Plc – SCB Nigeria
Sector: Banking and Finance
Job Description
• To ensure that credit of the FI portfolio of wholesale banking is maintained within the acceptable parameters as defined by WB credit policy and underwriting standards (CUS) and that the reporting of information relating to the portfolio is timely and accurate
• Proactive management of the portfolio credit risk profile within agreed risk appetite. Reducing P&L volatility by running a largely "surprise free" and well-managed FI book.
• Ensuring consistent application and enforcement of credit risk policies, processes and controls.
• Management of all stakeholders, including developing relationships with business partners, and balancing the role with stakeholder expectations.
• Strong support for the effective management of risk appetite and portfolio standards in partnership with business.
• Providing thought leadership from a governance perspective, including management of control and risk committees and ensuring quick transparent escalation of important issues.
Risk Approval:
• Approve BCAs under own delegated credit authorities.
• Ensure that the quality of credits meet Group standards, particularly about the completeness and depth of risk analysis.
Governance:
• Regularly review audit reports / business risk reviews / KCSAs and identify key trends.
• Ensure WB FI Risk function in West Africa is in compliance with the operational risk management framework including the effective application of risk toolkit (self-assessments, KRIs, CST, etc) and reporting.
Process Control and Policy Management:
• Drive a consistent interpretation and application of global credit policies, and ensure that processes are in place across West Africa.
• Ensure country processes across the sub-region are consistently implemented in accordance with global standards, taking into consideration local requirements and constraints.
Stakeholder Management:
• Actively engage all stakeholders (eg. Business partners, Finance, Legal and Compliance) to raise their awareness of credit issues and how these are managed by the FI Credit Risk function.
• Ensure that Credit Risk decisions are transparent and supporting rationales are explained in a professional and courteous manner, especially when turning down proposals.
• To work with Country Chief Risk Officers and other relevant stakeholders in actively managing regulators – take the lead to understand and shape their expectations in respect of WB FI issues.
• Be aware of major decisions by other stakeholders and assess the potential impact on FI Credit.
Cost Budgeting and Capacity Planning:
• Determine cost budget requirements and oversee the tracking and reporting of variances.
• Accountable for capacity optimisation of teams, if any.
• Own the capacity plans for the WB FI Risk function in West Africa
Key Roles & Responsibilities:
• Strategic People Agenda and Talent Management. Where relevant:-
• Assist in attracting, developing and retaining high calibre staff
• Identify key talent, propose talent development initiatives / training plans in collaboration with Risk, Business Units and OL partners, and map potential career paths.
• Review Q12 results and formulate action plans for improvement.
• Ensure succession planning in the West Africa sub-region.
• Provide clear and consistent people development for team members in line with agreed strategy.
• Active and engaged performance management.
Portfolio Management:
• Formulate risk appetites for the region in joint sponsorship with the other risk and business partners.
• Partnering with the business to deliver strategic aspirations whilst remaining within agreed risk appetite and optimising use of risk capital.
• Active involvement in Business strategy formulation within our risk appetite that encapsulate the agreed strategy.
• Identify, review and control risk profiles (eg. CG migration, risk concentration, RWA) to ensure that portfolio shape is in line with strategy.
• Understand sensitivities to key risk drivers and potential stress impact on the portfolio.
• Monitor external factors such as state of the economy, regulatory environment and other emerging risk trends.
• Ensure that the portfolio evolve appropriately to proactively manage changes in external environment, strategy and/or risk appetite.
• Oversee the monitoring and escalation of potential problem accounts eg. through the early alert process, MTM reviews.
• Provide guidance in managing up or out of accounts exhibiting signs of deterioration and assist Group Special Assets Management, where appropriate, to maximise recoveries.
• Assess potential portfolio / individual impairments and implement appropriate portfolio or account strategies to minimise losses.
• Ensuring specific and general stress tests are being conducted periodically, in accordance with the assertions made within Group / Country ICAAP documents, including understanding the RWA impact of credit grade migration and the potential constraints this will place on new business.
Qualifications & Skills:
• Minimum 1st Degree in a relevant discipline
• Mast have completed the Standard Chartered Bank FICC programme.
• Not less than 5 years experience in credit risk management and/or as a relationship manager within structured/specialised financial institutions functions.
In compliance with the National Youth Service Corps (NYSC) Act of 2004, all applicants should ensure that they have completed the mandatory NYSC programme. A discharge certificate will be required as evidence of completion of the programme. Where an exemption has been granted, a certificate of exemption will also be required
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