Bank jobs in United Arab Emirates

Standard Chartered Dubai, United Arab Emirates

Key Responsibilities

Please note that this role will also double hat as CCO, Middle East & Pakistan. Besides double hatting, focus will be towards driving the change agenda via automation and use of data analytics within the Risk function.

SMR Responsibilities delegation
SMF 4 - Risk Control Ownership for credit risk and prudential regulations for credit risk:
Act as the second line Risk Control Owner for credit risk and its specific sub-types such as external rules and regulations (prudential regulations for credit risk). As the risk control owner, be responsible for:

1. Setting (or proposing) the risk-type framework, risk tolerances and risk appetite, policies and control standards.
2. Making decisions within delegated authorities and maintaining necessary expertise to manage such risks.
3. Establishing effective assurance and reporting mechanisms.
4. Design and effectiveness of the risk controls, monitoring of compliance to the Board approved risk tolerances and effectiveness of risk controls; and escalate material exceptions to appropriate management and risk committees.

SMF 4 - Culture of good conduct:

I am responsible for building a culture of good conduct.

FCA 14 - Wholesale Lending Decisions:

Responsibility for wholesale lending decisions:

I am responsible for final credit decisions for wholesale lending facilities. My responsibilities do not extend to the following, which are the responsibility of the relevant Business CEOs and Leaders:

1. Completeness and accuracy of the business credit application and capture of critical information required for credit risk measurement and credit analysis.

Strategy

• Plan the development of risk parameters for Africa, Middle East & Pakistan according to the Risk Appetite / Portfolio Guidelines.
• Inform the development of business plans with the provision of cost and impairment forecasts and a balanced judgment on the external environment.
• Contribute to the development of performance management and remuneration processes, in order to encourage the development of an appropriate risk culture and discipline.

Job Summary
Business

• Align the strategy of the Risk function with business strategy and risk appetite and oversee its execution.
• Identify, measure and monitor material risk affecting the CIB portfolio in the context of the external market environment.
• Communicate the strategic intent and collective agenda for the Risk function.
• Maintain and develop the Credit risk capabilities, and skills to meet ongoing needs and plans.

Processes

• Control the portfolio within the set risk parameters to ensure risk profile within risk tolerances.
• Ensure credit approvals are within delegated authorities.
• Supervise all processes where a member of the Risk function is the identified first line process owner.
• Ensure effective management of the operational risks within the Risk function and compliance with applicable internal policies, and external laws and regulations.
• Continuously improve the operational efficiency and effectiveness of the risk management processes.

People and Talent

• Lead through example and build the appropriate culture and values. Set appropriate tone and expectations from the team and work in collaboration with Risk and control partners.
• Ensure the provision of ongoing training and development of people.
• Ensure that holders of all critical functions are suitably skilled and qualified for their roles, with effective supervision in place to mitigate any risks.
• Employ, engage and retain high quality people, with succession planning for critical roles.
• Be responsible for reviewing team structure/capacity plans.
• Define an organization structure aligned and scaled to the risk control needs of the business.
• Uphold and reinforce the independence of the Risk function from those whose primary responsibility is to maximize short-term revenues and profits.

Risk Management

• Assess the credit risk profile of the Corporate segment of the Corporate and Investment Banking portfolio, maintaining alignment with risk appetite by rebalancing of risks or controls that may be required in response to internal and external factors.
• Initiate stress tests as required by internal and external factors and review results and assess their implications.
• Ensure that effective management response plans are in place to respond to extreme but plausible scenarios.
• 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 and risk appetite.
• Direct appropriate response to material events or other risk issues that come to the Africa, Middle East & Pakistan CCO's attention.
• Exercise risk control responsibility for CIB Credit Risk for Corporates in Africa, Middle East & Pakistan.
• Ensure risk capabilities are objective, consistent and compliant with applicable regulations.
• Ensure that material risk exposures and related issues are reported to the responsible governance committees and to Group and business-level committees as appropriate.
• Ensure first line process owners understand and accept their risk management responsibilities.
• Ensure appropriate judgment is applied in the discharge of risk authorities assigned to the jobholder, taking account of concentration risk across sectors, geographies and markets.

• Design, maintain and effectively communicate risk control parameters across the Business, including policies, control standards, risk exposure limits and other control levers in order to maintain the risk profile in line with the Group's risk appetite.
• 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.
• Obtain assurance regarding the effectiveness of the business controls and compliance with applicable laws & regulations.
• Maintain delegated authorities in line with internal policies and ensure that delegations are in line with individual capabilities.
• Actively participate in key committees through standing membership.
• Maintain an open and cooperative relationship in dealings with regulators.
• Align the strategy of the risk function with business strategy and risk appetite and oversee its execution.

Governance

• These activities are covered under the ''risk management' section above.

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 the Africa, Middle East & Pakistan CIB Credit Risk Function to achieve the outcomes set out in the Bank's Conduct Principles: [Fair Outcomes for Clients; Effective Financial Markets; Financial Crime Compliance; The Right Environment.]
• Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.

Key Stakeholders
Internal

• Members of Board Risk Committee
• Members of Group Risk Committee
• Members of Risk Management Team
• Members of the Global Business Management Group
• Group, Regional and Country Heads of Control functions
• Group Internal Audit
• Group Operational Risk
• Regional & Country CEOs and Business Heads

External

• Prudential Regulation Authority (PRA)
• Key Footprint regulators
• The Group's external auditors
• Economic and Industry Associations
• Counterparts in major financial institutions
• Leading Risk Consultancies
• Local governance bodies

Other Responsibilities

• Embed Here for good and Group's brand and values in CIB Corporate Credit Africa, Middle East & Pakistan; perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures;

Skills and Experience

• Risk Approval - C & I Credit Risk
• Risk - Operational Risk
• Risk - Stressed Assets
• Risk - Business Partnering
• Risk - Manage People

Qualifications

• Education - Graduate Degree, Masters Preferred With A Strong Focus On Risk Management
• Training
  • Risk Management Framework
  • Corporate Credit Risk Management Certification (CCRMC)
  • FIRC
  • Managing Credit Risk of Complex Transactions
  • Credit Risk in Derivatives
  • Rethinking Leadership
  • Effective Writing Workshop
• Certifications - SCB CCRO Bootcamp, Core Credit Curriculum
• Languages - English

About Standard Chartered

We're an international bank, nimble enough to act, big enough for impact. For more than 170 years, we've 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 you're 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 can't 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, you'll 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.