Executive Director, Stressed Asset Group – Standard Chartered – Dubai

Job
: Institutional Banking

Primary Place
: Africa & Center East-United Arab Emirates-Dubai

Schedule
: Full-time

Employee Position
: Permanent

Posting Day
: 23/Jun/2022, 1:52:48 AM

Unposting Time
: 07/Jul/2022, 5:59:00 PM

Duties

Assist Regional Mind CPM and Regional Mind Stressed Asset Team to implement the technique for CPM as it pertains to administration of stressed exposures over the Middle East area. Stressed exposures to add legacy CG 13 and CG 14 exposures maintained exclusively by Stressed Asset Team, new CG 13 and CG 14 exposures managed alongside the respective Customer Coverage Relationship Managers efficient 1 March 2022, and any exposure(s) over the CCIB stability sheet with imminent indications of impending stress which includes CG12 exposures under co administration with Frontline. Ensure adherence to CPM business carry out framework in applying this strategy.

Reinforce the principle of first range ownership of danger in managing emerging dangers in the [XX] CCIB portfolio, make sure timely mitigation and detection of this kind of emergent risk, and collaborate with Danger, and FM/GCM groups in controlling down the entire stressed asset portfolio targeted at improving the entire RoTE for CCIB and the Team.

Providing transparency on the price and threat of any mitigation actions, and on the fundamental decision making process because they relate with the stressed asset portfolio. Work at optimisation of RWA and liquidity in the legacy stressed asset portfolio for the center East as important and ensure appropriate information capture/ data administration that may feed into and enhance CCIB’s data/ credit score modelling regimes. Supervising the entire CCIB credit danger portfolio as well as CPM Regional Heads for just about any potential credit problems and lessen exposures through secondary distribution and/or hedging – therefore playing an integral role in reducing focus risks and freeing upward regulatory funds. Optimising the portfolio while staying within danger tolerance.

Strategy

  • In charge of developing very clear milestones against that your improvement of the Stressed Asset Group’s strategy implementation could be measured for Center East region. In charge of the Stressed Asset Team execution tracker to keep track of such improvement for regional portfolio.
  • Challenge and assistance impairment forecasts produced by First Line based on a well balanced judgement on the exterior environment.

Company

  • Help generate financial functionality against targets which includes meeting longterm economic risk come back (RoRWA/ RoTE) targets and RWA targets for CCIB
  • Assist in improving efficiency, speed, and efficiency of funds for stressed asset portfolio and for broader CCIB stability sheet

Reinforce first-line possession of danger and origination discipline/ Danger Management

  • Stressed Asset Group to work at early action and enhanced analytics by giving likely credit score migration scenarios and help publicity management within good guide itself before an direct exposure is usually downgraded to stressed class
  • Use RM teams in identifying appropriate credit risk quality and provisioning on all stressed resources in the designated area
  • Use frontline groups, broader SAG, SAR and Credit score Danger in the designated area to stick to the tenets of newest CG 12 and CG 13/ 14 Functions & Responsibility documents, also to latest Problem Accounts Administration Standards
  • Ensure that materials impairments and related problems are documented to Regional Mind CPM, and Mind, SAG also to relevant country/ regional danger governance committees.
  • Use frontline teams to make sure that the Group’s danger due to litigation, environmental promises, regulatory censure or possible reputational loss in regards to stressed assets portfolio are usually minimised.
  • Provide suggestions to frontline teams concerning improvements in credit score origination, documentation or earlier problem recognition

Reduce P&L volatility while managing returns:

  • Drive continuous enhancement of the operational performance and efficiency of the process to improve the consistency of worldwide systems and procedures.
  • Evaluate present data integrity and accessibility issues and adjust the Stressed Asset Team mandate for governance and quality
  • Establish strategic objectives and related overall performance measurement which includes that for break also RoTE for proposed mitigation activities, and for overall include ratio for stressed asset portfolio maintaining because accounting value vs. financial value

Optimise liquidity and funds resources to aid CCIB development

  • Promote alignment of global priorities (item / function) with local stability sheet realities (regions/nations) while undertaking mitigation activity on the stressed asset portfolio; raising knowing and recognition through pro-active, insightful engagement

Procedures

  • Use the united team to aid & manage where relevant CPM processes assigned to the CEO, CCIB by the combined group procedure universe based on the ORF and their related risks, including routines within the procedures which are usually hubbed or outsourced
  • Execute the implementation of plans & control standards established by risk control plan and owners proprietors where appropriate. Ensuring compliance and working within risk danger and tolerance appetite. Donate to the adequacy and usefulness of the operational techniques, procedures and controls associated with Stressed Asset Team and CPM most importantly, that they are frequently and tested independently, improved and assessed regularly
  • Ensure there exists a framework for effective administration of operational dangers within Stressed Asset Team and compliance with relevant internal policies, and exterior regulations

Individuals and Talent

  • Lead by illustration and build the correct values and culture. Set suitable tone and anticipations for Stressed Asset Team business and function in collaboration with danger and control companions
  • Provide efficient leadership to the ongoing business, communicate the eyesight and build dedication and energy to spotlight key priorities

  • Make sure that all employees have clear P3 goals which drive the proper behaviours. Maintain Person Accountability throughout Stressed Asset Team insurance firms standard and mandatory goals aligned to the Scorecard you need to include them in worker performance reviews, which they’re measured and rewarded

Risk Administration

  • Ensure you can find appropriate frameworks set up so the Stressed Asset Team business is completed within the Group’s danger hunger and reputational and credit score risks are properly managed together with direct reports along with other stakeholders
  • Ensure compliance with the best standards of regulatory perform and compliance criteria and procedures as defined by inner and external requirements. This consists of compliance with anti-cash laundering guidelines and rules
  • Ensure any audit and compliance problems associated with the Stressed Asset Team business are resolved regularly
  • Make sure that Risk Management issues that are taken to the job-holder’s interest are at the mercy of direct remedial motion and/or escalated, where suitable to relevant danger committees

Regulatory & Business Perform

  • Display exemplary carry out and live by the Team’s Code and Ideals of Conduct.
  • Take personal obligation for embedding the best standards of ethics, which includes regulatory and company conduct, across Regular Chartered Bank. This consists of understanding and making sure compliance with, in spirit and letter, all applicable laws, rules, suggestions and the combined team Code of Conduct.
  • Successfully and identify collaboratively, escalate, mitigate and solve risk, perform and compliance issues

Crucial Stakeholders

  • Internal stakeholders: Regional/ Country Client Insurance coverage Heads, Global and Regional Mind Stressed Asset Risk, appropriate Regional/ Country Item Heads (electronic.g. GCM, FM Product sales), Country and business CFOs, Regional Chief Credit score & Danger Officers, Regional Heads of HR, Heads of Lawful, Mind of Compliance.
  • Exterior liaison: Stressed Asset Groupings at other FIs, Credit score/ Stressed Asset Money, Portfolio Management groups at other banks. Private and institutional Investors, External Lawyers, Exterior Accountants, Regulators etc

Other duties

  • Leverage the chance supplied by Corporate Social Obligation to improve the Group’s inner and external popularity and indirectly influence underneath line
  • Promote the Group’s brand with customers, stakeholders and regulators
  • Perform additional responsibilities designated under Team, Country, Business or Useful policies and processes

Our Ideal Applicant

  • Graduate qualifications (or conversions): Post-Graduate qualifications such as for example MBA, CFA, Chartered Accountancy, Mathematics/ Statistics, Qualified Attorney
  • Relevant encounter in the financial and financial services market with hands on connection with underwriting, handling, and recovering credit score exposures across both establishing and created jurisdictions
  • Extensive understanding of fundamental drivers of credit score risk, documentary and lawful risks, portfolio, and stability sheet management; including marketplace and regulatory dynamics
  • Extensive encounter in structuring credit danger products, restructuring of credit score exposures, asset distribution, and contact with credit score asset and derivatives securitisation

About Regular Chartered

We’re a global bank, nimble to act enough, big for impact enough. For a lot more than 160 yrs, we’ve worked to produce a positive difference for the clients, communities, and one another. We question the position quo, love challenging and revel in finding new possibilities to cultivate and do much better than before. If you’re searching for a profession with objective and you also want to work with a bank creating a difference, you want to hear from you. It is possible to depend on us to celebrate your specific talents. And we can not wait to start to see the talents you can provide us.

Our objective, to operate a vehicle prosperity and commerce through our unique diversity, with this brand promise together, to be here once and for all are attained by how exactly we each reside our valued behaviours. Once you function with us, you will see how we value distinction and advocate inclusion. Collectively we:

  • Do the proper factor and so are assertive, challenge each other, and reside with integrity, while placing the client in the centre of what we perform
  • settle

  • Never, striving to boost and innovate continuously, keeping points learning and basic from doing well, and not so properly
  • Be together better, we are able to be ourselves, end up being inclusive, see more great in others, and function to build for the future
  • collectively

  • Consistent with our Fair Spend Charter, you can expect a competitive advantages and salary to aid your mental, physical, social and financial wellbeing.
  • Core bank financing for retirement savings, healthcare and life insurance coverage, with versatile and voluntary benefits obtainable in some locations
  • Time-off which includes annual, parental/maternity (20 weeks), sabbatical (12 days optimum) and volunteering leave (3 days), alongside minimum global requirements for public and yearly holiday, that is combined to 1 month minimum
  • Versatile working choices based around house and office places, with flexible working styles
  • Proactive wellbeing assistance through Unmind, a market-leading electronic wellbeing platform, development classes for resilience along with other human skills, worldwide Employee Assistance Programme, unwell leave, mental wellness first-aiders and a variety of self-assist toolkits
  • A continuing learning culture to aid your growth, with possibilities to reskill and upskill and usage of physical, digital and digital learning
  • Being section of an inclusive and ideals driven organisation, one which embraces and celebrates our special diversity, across our groups, business geographies and features – everyone seems respected and will realise their full possible.
  • Recruitment assessments – a few of our roles make use of assessments to greatly help us know how suitable you’re for the function you’ve applied to. In case you are invited to consider an assessment, that is great news. This means your application provides progressed to a significant phase of our recruitment procedure.

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