Chief Risk Officer GIFT CITY

This job is with Standard Chartered Bank, an inclusive employer and a member of myGwork – the largest global platform for the LGBTQ+ business community. Please do not contact the recruiter directly.

Job Summary

Chief Risk Officer Function

Responsibilities

As Head of the Risk function for GIFT CITY, responsible for the overall second line of defence responsibilities related to risk management, which involves oversight and challenge of risk management actions of the first line for the entity which includes:

• Building a culture of good conduct in the Risk functions and
• Providing governance oversight to embed the Enterprise Risk Management Framework including the Principal Risk Types, as well as material cross-cutting and overarching risks within the entity
  
  

Double Hat Role, Covering OTCR Responsibilities

• To uphold the integrity of the OTCR risk / return decisions in the entity and in particular for ensuring that OTCR risks are properly assessed that risk / return and control cost / benefit decisions are made transparently on the basis of this proper assessment and are controlled in accordance with the Groups standards and its Risk Appetite.
• To ensure OTCR related Framework, Standards and policies issued under Enterprise Risk Management Framework (ERMF) are effectively embedded and communicated in Country.
• To provide a focal point of control over the aggregate level of OTCR in the entity that arises from end-to-end processes, including the design of effective controls and the systematic monitoring of process control effectiveness.
• To ensure risks pertaining to OTCR L2/L3 risks (as RFO) are being actively controlled on an end-to-end basis in Country.
• To ensure that local regulatory requirements (by IFSCA) are met as they pertain to OTCR risk management, prudential standards and governance, conduct and OTCR standards..
• End to End Oversight of OTCR Risk performance within the entity.
  
  

Other second line responsibilities as set out in the ERMF

• Responsible for the second line challenge to the Enterprise-Wide Stress Testing process (including the control environment and residual risk, the scenario and results of the stress test); as well as the basis of preparation, production and documentation of the scenario(s) used and the stress outputs for market risk and operational risk
  
  

Key Responsibilities

Processes

• Inform the development of business plans with the provision of cost and impairment forecasts and a balanced judgement on the external environment.
• Responsible for risk related disclosure to regulators, investors, analysts and rating agencies
• Represent the Risk function in relevant committees or management forums.
• Appraise and contribute to the development of the Banks strategic plans.
• Align the strategy of the Risk function with business strategy and risk appetite and oversee its execution.
• Communicate to the Business the strategic intent and collective agenda for the Function.
• Maintain and develop risk capabilities and skills to meet ongoing business needs and plans - awareness and understanding of the wider business, economic and market environment in which the Group operates
• Responsible for the operational efficiency and effectiveness of the Risk function, including risk management processes, by defining and maintaining an operational excellence agenda for the Risk Function.
• Ensure effective management of operational risks within the Risk function and compliance with applicable internal policies, and external laws and regulations
  
  

Risk Management

Risk Appetite

• 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
• 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 holders attention
• Propose, in consultation with Group, SCGs overall risk appetite for review by the Risk Committee
• Assess periodically the risk profile of the entity and maintain alignment with risk appetite by rebalancing of risks or controls that may be required in response to internal and external factors
  
  

Risk Ownership

• Ensure risk identification, measurement and modelling capabilities are objective, consistent and compliant with applicable regulations.
• Ensure that material risk exposures and related issues are reported to the responsible governance committees as appropriate
• 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 in SCG, including policies, control standards, risk exposure limits and other control levers in order to maintain the risk profile in line with overall risk appetite.
• Obtain assurance regarding the effectiveness of controls and compliance with applicable laws & regulations
  
  

Governance

• Maintain a good understanding of the requirements of key external stakeholders relevant to role and ensure these are well understood internally and reflected in internal procedures.
• Maintain an open and cooperative relationship in dealings with regulators.
• Ensure the entity effectively follow the Groups standard risk committee structure.
• Ensure business heads and all Risk Framework Owners understand and accept their risk management responsibilities
  
  

Regulatory & Business Conduct

• Display exemplary conduct and live by the Groups Values and Code of Conduct.
• Take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct, across the entity. This includes understanding and ensuring compliance with, in letter and spirit, all applicable laws, regulations, guidelines and the Group Code of Conduct.
• Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
• Be part of the management efforts to achieve the outcomes set out in the Banks Conduct Principles: [Fair Outcomes for Clients; Effective Financial Markets; Financial Crime Compliance; The Right Environment.] *
  
  

Key stakeholders

• Head, GIFT CITY
• Head, Compliance GIFT CITY
• Chief Credit Officer, India and South Asia
• Head OTCR, India and South Asia
  
  

Skills And Experience

• Risk - C & I Credit Risk
• Risk - Stressed Assets
• Risk - Retail Credit and Private Banking Risk
• Risk - Operational Risk
• Risk - Reputational Risk
• Risk - Market / Liquidity Risk
• Risk - Manage People
• Risk - Communication and Influencing Skills
  
  

Qualifications

• 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 awakened 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.
• Strong analytical and dispute management skills, ability to make independent decisions with a strong sense of empowerment and leadership skills to command the respect of a cross-functional set of professionals at senior level (internal and external) working in open-ended situations.
• 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
• Non-technical skills: significant relationship management experience- with external stakeholder at the most senior levels, including regulators and rating agencies.
• Languages; English.
• Banking training: Role specific training which are mandatory and developmental
• Bank mandatory training for Certified Persons
• Any OTCR related specialised training
• Enterprise Risk Management Framework & Risk Governance
• ICAAP Stress Testing
• Liquidity Risk - Balance Sheet Risk Management
• GMR Foundation (KESDEE eLearning)
• Effective Workplace Writing
• Market Risk
• Other training as deemed mandatory by the bank and updated on a periodic basis
  
  

About Standard Chartered

Were an international bank, nimble enough to act, big enough for impact. For more than 170 years, weve 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 youre 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 cant 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, youll see how we value difference and advocate inclusion.

Together We

• Do the right thing and 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
  
  

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-off including 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 working options based around home and office locations, with flexible working patterns.
• Proactive wellbeing support through 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 culture to 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.

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