Standard Chartered India | VP, Credit Policy and Process

Responsibilities

• Review and update credit policies, Standards, Guidelines and FAQs as driven by market conditions, business strategy, regulatory requirements and for risk management.
• Managing and implementing Credit Policies and Standards for further simplification, rationalization and digitization.
• Engage and manage stakeholders in policy drafting, feedback, communication (quarterly updates, briefing calls) and providing response/solutions to queries.
• Driving the effort in credit process re-engineering to improve operational efficiency.
• Analysing the impact on business or risk aspects of any material changes to Credit Policies and Standards.
• Work closely with various team to solve business / risk problem and finding new ways of gathering, analyzing data to identify improvements in credit policies and processes.
• Leading and contributing to projects and initiatives in terms of data, analysis and feedback e.
• Supporting the effective implementation of process improvement and system enhancement projects.
• Driving Creditmate BAU and Project implementation for Credit Risk.
• Coordinating and providing input and support to other stakeholders such as RM/TRM/Compliance/Legal/ Modelling/ on implementation of their policies/initiatives.
• Manage all activities assigned that is related to the implementation of the Credit Risk Type Framework and the Credit Process Universe.
• Implementing governance process framework for Credit Policies, Standards and processes as required according to any gaps arising from Regulatory, Risk or Business requirements.
• Review the completeness of the business applications going for GCCO and CRO CIB in line with the requirements in the CIB Credit Policies and Standards on Credit Application, Risk Appetite, Large.
• Review the completeness of the single name Risk Appetite breach remediation request for GCRO approval.
• Assess the disaggregation requests to ensure the rationale is aligned with the requirement in the LE Standard.
• Update the IC TOR annually as well as perform adhoc amendment.
• Communicate, train and implement the strategic intent and collective policies for the Risk function.
• Maintain and develop the risk capabilities and processes, and skills to meet ongoing business needs and plans.
• Support Credit RFO / Credit PU owner in supervising the Credit Processes.
• Ensure compliance with applicable internal policies, and external laws and regulations, related to Credit Risk.
• Lead through example and demonstrate the appropriate culture and values within the function and across the wider organisation.
• Ensure alignment of all applicable Credit Risk policies across the various Countries.
• Ensure communication and cascading of relevant aspects of Credit Policies to the Frontline and Credit Officers.
• Maintain a good understanding of the requirements of key external stakeholders in respect of risk management and ensure these are well understood internally and reflected in internal procedures.
• Maintain an open and cooperative relationship in dealings with internal and external stakeholders.

Requirements

• Exposure Group Committee, Regulatory Interpretation Forum, Fraud Risk, Credit Modelling.
• Exposure. Provide regular updates and reports to GCCO and CRO CIB.
• Understanding of the Credit policies and procedures
• Strong analytical, communication and interpersonal skills.
• Knowledge of Policies: Understanding of the Credit Policies, Standards, Credit Risk Type Framework and various Credit Application Systems
• Ability to interpret regulations, identify gaps and implement changes.
• Experience in process design and control.

Standard Chartered

Standard Chartered is an international banking group headquartered in London, with a strong focus on Asia, Africa and the Middle East. It was formed in 1969 through the merger of Standard Bank and The Chartered Bank.

Its Indian global business services centres hire finance professionals for financial control, stress testing, regulatory reporting, tax and risk roles.

• Industry: Banking and financial services
• Headquarters: London, UK
• In India: Present in India for over 150 years, with global business services centres in Bengaluru and Chennai