- To direct, co-ordinate control and manage, and take responsibility and accountability for the management of all impaired accounts and other accounts specifically assigned to GSAM in Amercas to:
- Ensure that risks are properly assessed / identified, from Early Alert stage and impaired as appropriate;
- Account objectives, strategies and action plans are formulated, agreed and adhered to;
- Minimize risks, prevent losses, maximize recoveries and restore profits;
- Ensure that in the case of multi jurisdictional accounts primarily managed out of the Americas interaction with GSAM team in other regions is effective and efficient.
Key Roles and Responsibilities
The direction and management of GSAM (Group Special Asset Management) activities in the Americas involving restructuring, re-engineering and workout in order to reduce the potential and actual overall impact accounts on the Group's balance sheet and profit and loss accounts.
- Inform the development of business plans with the provision of cost and impairment forecasts, exercising a balanced judgement on the external environment.
- Allocate appropriate responsibility, accountability and authority to direct reports. Ensure clarity of information flow, escalation of issues and concerns and communication of organizational change.
- Direct and manage GSAM activities in the Americas involving restructuring, re-engineering and workout in order to reduce the potential and actual overall impact of accounts on the Group's balance sheet and profit and loss accounts.
- Analyse portfolio to identify problems, establish & implement rehabilitation, exit or recovery strategies.
- Formulate and implement plans to achieve the desired objectives at the same time preserving value of collateral and averting further downside risk.
- Monitor preparation (timeliness and contents) of all internal and external reports.
- Actively manage the cost of any of the above actions.
- To direct and manage the provisioning forecast on a rolling basis as well as direct and manage effectively the identification, assessment, monitoring and management of impaired loans and related assets.
- Maintain a good understanding of the requirements of the Group's key external stakeholders, including regulators, in respect of the management of special assets and ensure these are well understood internally
- Determine the appropriate credit risk grade and provisioning on all GSAM Americas assets.
- Manage GSAM assets in region to optimise the Group's risk and return profile.
- Negotiate on behalf of the Bank in the most complex and difficult work out situations.
- Assign authorities to suitably named individuals in line with their skills and judgement.
- Provide reports to senior management, performance and risk committees on significant matters relating to the GSAM portfolio.
- Provide feedback to responsible business and risk heads regarding improvements in credit origination, or early problem recognition.
- Ensure that the Group's risk arising from litigation, environmental claims, regulatory censure or potential reputational loss in regard to Early Alert Accounts and impaired accounts is minimised.
- Maintain and develop team's capabilities, skills and infrastructure to meet ongoing business needs and plans in the region in collaboration with, as appropriate, line management.
- Continuously improve the operational efficiency and effectiveness of GSAM processes.
- With respect to scope of responsibility, ensure effective management of operational risks and compliance with applicable internal policies, and external laws and regulations.
- Meet with customers (including visits to all material places of business) to negotiate the implementation of exit/rehabilitation/work out/recovery strategies. Formulate recommendations and document progress.
- Evaluate reports and limit applications from the line and initiate and overview submissions for facilities under GSAM control.
- Provide approvals and liaise with operational departments as required.
- To act as a consultant / sounding board for the GSAM team in more complicated / equity based transactions where required.
People and Talent
- Supervise all processes where a member of GSAM is the identified first line process owner.
- Ensure effective management of the operational risks within GSAM and compliance with applicable internal policies, and external laws and regulations.
- Continuously improve the operational efficiency and effectiveness of GSAM's risk management processes.
- To seek solutions for the management of the GSAM book outside the traditional work out mechanism. This will include single asset sales, portfolio sales, joint venture workout proposals and Bad Bank structures
- Employ, engage and retain high quality people.
- Set and monitor job descriptions and objectives for direct reports and provide rewards in line with their performance against those responsibilities and objectives.
- Uphold and reinforce the independence of the GSAM function from those whose primary responsibility is to maximise revenues and profits.
- Ensure the provision of ongoing training and development of team, and ensure that holders of all critical functions are suitably skilled and qualified for their roles.
- Lead through example and build the appropriate culture and values within the GSAM function in region and across the wider organisation.
- Ensure that material impairments and related issues are reported to line management.
- Maintain an open and cooperative relationship in dealings with regulators.
- To ensure processes, policies and procedures are in place to cover the management of the GSAM portfolio in the region and to address changing requirements as necessary.
- Where inadequacies in processes, policies and procedures, are identified raise with line management and follow through to ensure adequate processes, policies and procedures are in place to cover the management of the GSAM portfolio in the region and to address changing requirements as necessary.
- 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 the GSAM function in the Americas to achieve the outcomes set out in the Bank's Conduct Principles including Financial Crime Prevention.
- Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
Qualifications and Skills
Business Strategy and Model:
- Up-to-date knowledge of business conditions and developments in countries where the Group is involved.
Risk Management and Control:
- Ability to resolve conflicts, manage crises and solve problems, withstand pressure, work fast, set priorities and organize management time among numerous accounts needing urgent attention simultaneously, with initiative, creativity, resourcefulness, analytical ability, energy and determination to execute and win.
- Financial structuring dexterity with a comprehensive repertoire of strategic and tactical tools.
Regulatory Framework and Requirements:
- An ability and willingness to exercise initiative, make decisions, exercise responsibility and accept accountability for actions taken/decisions made.
- Understanding of systems that relate to Risk e.g. payments, pricing, measurement of MTM.
- Tertiary academic qualification and /or extensive practical know-how in accounting, finance, and banking practice and theory.
- Sound practical and technical knowledge of laws relating to bankers' rights, corporate finance, derivatives security documentation and realization, appropriate Corporate Law, receivership, bankruptcy and winding up
- Strong negotiation, leadership, managerial and organizational skills to handle, co-ordinate and manage GSAM Americas.
- Strong interpersonal skills coupled with professional integrity in order to command respect/credibility in situations involving conflicting interests (internal and external).
- Significant experience in the banking industry, with sound knowledge of risks involved in lending; particularly corporate lending, traded and structured products.
- Ability to communicate well both orally and in writing, and to conduct meetings (often in hostile/confrontational circumstances and/or at very Senior Corporate/Bank levels) and focus on relevant issues.
- Ability to direct, manage, lead and motivate staff.
- Strategic mindset.
- Strong understanding of the operational environment, processes, and risk management / controls needed to fulfil the job function.
- Strong analytical skills.
- Ability to make balanced and careful judgments and risk based decisions.
How To Apply
You can search and view current opportunities across our organisation and apply immediately by visiting www.standardchartered.com and selecting Careers. To help speed up your application, please note the following:
- You will need to log in (or register if you are visiting our careers site for the first time) before you can apply for a specific role
- Some roles may require you to undertake an online talent assessment in addition to completing the application form (to facilitate this process it is preferable that you provide us with an email address as part of your contact information)
- We will ask you about your education, career history and skills and experience, it may be helpful to have this information at hand when completing your application
It usually takes 15 - 20 minutes to complete the application form; you can save your application at any time and return to complete it at your convenience.
The closing date for applications is 25/05/2017. Please note all closing dates are given in Hong Kong time (GMT + 8 hours). We aim to respond to successful applicants within four weeks and will keep a record or your application in our database so that we can contact you when suitable vacancies arise in future.
Diversity and Inclusion
Standard Chartered is committed to diversity and inclusion. We believe that a work environment which embraces diversity will enable us to get the best out of the broadest spectrum of people to sustain strong business performance and competitive advantage. By building an inclusive culture, each employee can develop a sense of belonging, and have the opportunity to maximise their personal potential.
Equal Opportunity Employer
Standard Chartered is an equal opportunity employer. We have a meritocratic culture where each individual employee is valued and respected for who they are as a person and for what they bring to the organisation.