Head-fir, Europe

2 weeks ago


London, United Kingdom Standard Chartered Full time

**Job***: Risk

**Primary Location***: Europe & Americas-United Kingdom-London

**Schedule***: Full-time

**Employee Status***: Permanent

**Posting Date***: 08/Mar/2023, 8:29:09 AM

**Unposting Date***: 22/Mar/2023, 6:59:00 PM

**The Role Responsibilities**

**Job Summary**

SMR Responsibilities delegation - In line with agreed cascades of GCRO SMR sub responsibilities to RMT and other delegates

**SMF 4 - Head, Financial Institutions Risk, Europe & Americas**

Second line of defence responsibilities

I am responsible for the second line of defence responsibilities related to Credit Risk for FI portfolio which involves oversight and challenge of risk management actions from the First Line, including the following:

- Support development and maintenance of the CCIB Credit Risk Type Framework (“CRTF”) which sets out the overall risk management approach for Credit Risk as applicable to Financial Institutions portfolio
- Support review of adequacy and effectiveness of the CCIB Credit Risk Appetite statements and metrics, as applicable to Financial Institutions
- Monitor compliance to Board approved Credit Risk Appetite (as applicable to Financial Institutions) using the risk information report and highlight significant matters for the attention of senior management and senior risk committees.
- For Credit risk (pertaining to Financial Institutions portfolio), provide independent oversight and challenge of all credit origination activities and approve credit risk exposures proposed by the First Line of Defence based on delegated authorities. Responsible for ensuring that the quality of the portfolio is being maintained within acceptable parameters and for escalating significant risks and issues to the senior Management and senior risk committees as appropriate.

**FCA 14 - Responsibility for wholesale lending decisions**

I am responsible for final credit decisions for wholesale lending facilities pertaining to Financial Institutions portfolio. My responsibilities do not extend to the following, which are the responsibility of the relevant Business CEOs:
**Responsibilities**

**Strategy**
- Plan development of risk parameters for Financial Institutions according to Risk Appetite and Policy Frameworks and documents in underwriting principles
- Inform the development of business plans for CIB FI Europe & Americas portfolio with the provision of cost and impairment forecasts and a balanced judgement 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 disciplin

**Business**
- Communicate the strategic intent and collective agenda for the Function in FIR teams
- Align strategy of the FIR function with business strategy and risk appetite and supervise the Function in overseeing its execution in their respective regions
- Maintain and develop the FI Risk function’s risk capabilities, and skills to meet ongoing business needs and plans
- Identify measure and monitor material risk affecting CCIB FI Europe & Americas portfolios in the context of the external market environment.

**Processes**
- Control portfolio within the set risk parameters to ensure risk profile within Risk Appetite.
- 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 & Talent**
- Lead through example and build the appropriate culture and values. Set appropriate tone and expectations from their team and work in collaboration with risk and control partners.
- Ensure the provision of ongoing training and development of people and ensure that holders of all critical functions are suitably skilled and qualified for their roles ensuring that they have effective supervision in place to mitigate any risks.
- Employ, engage and retain high quality people, with succession planning for critical roles.
- Responsibility to review team structure/capacity plans.
- Define an organization structure aligned and scaled to the risk control needs of the business.
- Set and monitor job descriptions and objectives for direct reports and provide feedback and rewards in line with their performance against those responsibilities and objectives.
- Uphold and reinforce the independence of the Risk function from those whose primary responsibility is to maximise short-term revenues and profits

**Risk Management**
- Assess the credit risk profile of the CCIB FI Europe & Americas 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


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