Job Title: Senior Credit Manager
Organisation: Standard Chartered Bank (Stanchart)
Duty Station: Kampala, Uganda
About US:
Standard Chartered PLC is a British multinational banking and financial services company headquartered in Hong Kong, China. It operates a network of over 1,700 branches and outlets (including subsidiaries, associates and joint ventures) across more than 70 countries and employs around 87,000 people. It is a universal bank with operations in consumer, corporate and institutional banking, and treasury services. Despite its UK base, it does not conduct retail banking in the UK, and around 90% of its profits come from Africa, United Kingdom, United States and the Middle East. Standard Chartered Bank Uganda is the longest established international bank in the country; the first branch was opened in August 1912. We had 11 branches up to 1972 and retained only one branch during the turbulence of the 70s. In 1998 we acquired 4 branches of former Cooperative Bank in November 1999. Standard Chartered Bank Uganda today has a network of 11 branches in Kampala, Jinja, Mbale, Mbarara and Gulu. Standard Chartered Bank Uganda has 29 ATMs and over 600 staff.
Key Duties and Responsibilities:
Strategy
- Inform the development of business’ plans with the provision of cost and impairment forecasts and a balanced judgement on the external environmen
Business
- Communicate the strategic intent and collective agenda for the Function
- Maintain and develop the Function’s risk capabilities, and skills to meet ongoing business needs and plans
Processes
- Supervise all processes where a member of the Function is the identified first line process owner
- Ensure effective management of the operational risks within the Function and compliance with applicable internal policies, and external laws and regulations
- Continuously improve the operational efficiency and effectiveness of the Function’s risk management processes
People & Talent
- Help coaching the junior credit managers, with an aim to nurture the next generation of senior credit managers
- 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 Lead through example and build the appropriate culture and values within the business and across the wider organisation
Risk Management
- Ensuring that the quality of Group Mandates, Business Credit Applications (BCAs) and other credit submissions meets Group standards, particularly with regards to the completeness and depth of risk analysis.
- Approving breaches of Local Portfolio Standards, to the extent permitted by CCIB Credit Policy.
- Formulating and obtaining approval of Portfolio Standards which is supportive (from credit risk perspective) of the business strategy of various segments
- Ensuring credit related issues be timely raised to Senior Credit Officer with all necessary suggestions for rectifications
- Assisting Senior Credit Officer on timely submission of portfolio reviews and ensure accuracy of credit portfolio data as and when required. Ensure EAR process is adhered to and take an active part in the monthly EAR discussions. Assisting 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.
- Ensure compliance to the Operational Risk framework including the effective application of risk toolkit (self-assessments, KRIs, KCSs, etc) and reporting.
- Initiate or assist stress tests as required by internal and external factors and review results and assess their implications
- Uphold the integrity of risk/return decisions, by challenging business to demonstrate that risk origination and control decisions are properly informed and consistent with strategy
- Direct appropriate response to material events or other risk issues that come to the SCO’s attention
- Exercise risk control responsibility for Credit Risk, Corporate, Institutional and Commercial
- Ensure that material risk exposures and related issues are reported to Senior Credit Officer and/or Function as appropriate
- Maintain a good understanding of the requirements of key external stakeholders in respect of risk management and ensure these are well understood internally
- Actively participate in key committees or forums (if invited)
- Ensure first line process owners understand and accept their risk management responsibilities
- Maintain an open and cooperative relationship in dealings with regulators (if applicable)
- Provide a reference point on credit systems for collating and passing on to Group Technology and Operations problems and proposed enhancements.
- Increasing working profits through effective management of the loan asset portfolio in order to help develop the franchise in a sustainable way and minimise provisions.
- Maximizing Economic Revenue through effective management of the risk/reward relationships.
- Maintaining credit quality and standards of professionalism for the risk function.
- Ensure effective implementation of Group Policies / Circulars / Procedures.
- Undertake regular customer visits to better understand the business environment
Regulatory & 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 to achieve the outcomes set out in the Bank’s Conduct Principles
- Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
Qualifications, Skills and Experience:
- Market knowledge: substantial experience in the banking industry, including demonstrated success in a similar or credit risk management role.
- Business strategy and model: sharp business acumen (including ability to assess risk and appropriate levels of return), strong leadership qualities, interpersonal skills and multi-cultural awareness and sensitivity.
- Risk management and control: demonstrated track record in successful management and ability to manage risk in a highly varied product base. Expertise in process design and control.
- Regulatory framework and requirement: awareness and understanding of the regulatory framework in which the firm operates and the regulatory requirements and expectations relevant to the role of Senior Credit Manager.
- Non-technical skills: relationship management experience- with external stakeholders, including regulators and rating agencies.
- Credit Risk Management
- Operational Risk Management
How to Apply:
All candidates who wish to join Standard Chartered Bank should apply online at the link below.
Click Here
Deadline: 11th July 2023
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