TRM Head, GCNA

Area of interest: Governance, Risk Management & Compliance

SMF 4 - Second line of defence responsibilities
I am responsible for the second line of defence in relation to the Market Risk and Counterparty Credit Risk for GCNA businesses. My primary responsibilities are to:

• Establish a sound and robust Traded Risk framework for GCNA, with risk limits commensurate with the Group's and GCNA's risk appetite and the mandates of each business, and in adherence with Group Risk policies and standards.
• Establish effective reporting and monitoring mechanisms.
• Highlight significant matters for the attention of senior management and senior risk committees.
• Ensure that a robust stress testing framework is applied to GCNA businesses, and scenario coverage and stress assumptions remain adequate to capture underlying risks of the products and markets.
• Ensure that GCNA businesses remain appropriately capitalized under the CCR/CVA and Market Risk Pillar 1 and 2 capital requirements.
• Review and opine on bespoke transactions or new product initiatives, within delegated authorities, and ensure that all necessary risk and control requirements are in place.
• Prioritise work in a way that is consistent with the execution of the Group's strategy.
• Ensure that the team is appropriately staffed and skilled.
• Lead by example to create a strong risk culture, conducive to speaking up and open to challenge.

I must operate with the following delegated authorities:

• Delegated Traded Authority: Management Team Level
• Delegated Credit Authority: Chief Credit Officer Level
  

• Embed a culture of collaboration and accountability with a strong strategy vision and external orientation (being client-centric and risk-aware), and increasing prosperity by taking risk.
• Transforming the way we work through technology, innovation and simplification to make it easier to get work done and meet the needs of our clients quickly and safely.

Business

• Prioritise work in a way that is consistent with the execution of the Group's strategy.

Processes

• Ensure effective management of operational risks within the team and compliance with applicable internal policies, and external laws and regulations.
• Continuously improve the operational efficiency and effectiveness of the processes owned or relied upon by the team.

People & Talent

• Lead through example and build the appropriate culture and values. Set appropriate tone and expectations from their team.
• 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.
• 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.
• Design, maintain and effectively communicate the Traded Risk framework to ensure that the GCNA businesses operate at all time within the risk appetite.
• Ensure that the Traded Risk arising from GCNA businesses is consistent with strategy and risk appetite, and is supported by the infrastructure.
• Identify and report key risks or emerging risks that could become material for GCNA or the Group, and ensure appropriate management action is being taken to mitigate their impact.
• Assist in the design and oversee the implementation of stress tests relevant for GCNA businesses.
• Ensure that all risks within the GCNA businesses remain appropriately capitalized under the CCR/CVA and Market Risk Pillar 1 and 2 capital requirements.
• Review and opine on bespoke transactions or new product initiatives, within delegated authorities, and ensure that all necessary risk and control requirements are in place.

Governance

• Highlight significant matters for the attention of senior management and senior risk committees.
• Actively participate in key committees through standing membership/attendance, ensuring that the risk agenda is well represented and appropriately addressed.

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.
• Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
• Lead 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.)

Key stakeholders

Internal:

• CIB Markets
• Treasury
• Credit Risk
• Compliance
• Technology
• COO
• Finance
• Internal Audit

External:

• Key GCNA regulators, Prudential Regulation Authority ("PRA"), Financial Conduct Authority ("FCA")
• Industry Associations and Professional bodies

• Operational Risk
• Manage Change
• Manage Risk
• Manage People
• Communication and Influencing Skills
• Manage Conduct

TRAINING

• Market knowledge: substantial experience 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.
• 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 senior levels, including regulators.
• Training:
  • Risk management framework
  • Core credit curriculum
  • Group's mandatory training

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

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.