Primary Role
•Asset management of complex and large exposures requiring corporate finance input
•Assist Head SAG, and ED SSA with management of assets to be risk mitigated (novate/ assign/ risk participate) and where appropriate, servicing of these
•Assist Head SAG, and ED SSA in management of SAG’s enterprise valuation function, producing valuations for the purposes of determining and implementing account strategy, and determining IFRS 9 provision requirements
Purpose
To assist Head SAG , and Ed SSA with management of all impaired accounts and other accounts specifically assigned to SSA to ensure:
•Risks are properly assessed / identified and impairment considered as appropriate
•Account objectives, strategies and action plans are formulated, agreed and adhered to
•Carry out Enterprise Valuations for material accounts
•Provide advice around structuring of new money requests or debt equity swaps
•Manage asset disposal reviews and sales
•Minimize risks, prevent losses and maximize recoveries
•Working closely with GCM and FM Sales to direct and manage the sale processes of stressed exposures including identification, assessment, monitoring and management of accounts that should be exited to the market
•Develop relationships with special situation investors, private equity and credit funds as well as distressed debt traders to enable development of appropriate sell down strategies working alongside GCM and FM Sales teams
•Prepare full enterprise valuation assessments of material exposures in the stressed assets portfolio
•Ensure that the Group's risk arising from litigation, environmental claims, regulatory censure or potential reputational loss in regard to the accounts being managed are minimised
•Develop a culture which understands and evaluates the constant tradeoffs between new business, risk and capital deployment
•Help improve efficiency, speed, and productivity of capital specifically for stressed asset portfolio and for broader CCIB balance sheet
Reinforce first-line ownership of risk and origination discipline/ Risk Management
•Working together with Head SAG, and ED SSA ensure business is carried out within the Group’s risk appetite and reputational and credit risks are appropriately managed
•Help communicate use of capital metrics (Liquidity and RWA efficiency/ RoTE), where applicable, for stressed assets so that they can be easily communicated to the front line when evaluating mitigation actions
•Ensure that Risk Management matters that are brought to the job-holder’s attention are subject to direct remedial action and/or escalated, where appropriate to relevant committees
Reduce P&L volatility while managing returns:
•Drive continuous improvement of the operational efficiency and effectiveness of the process to increase the consistency of global systems and processes. This should enhance the business experience by process simplification and ease of doing business which is not limited to origination, credit and distribution
Processes
•Work with the team to support & manage where applicable CPM processes allocated to the CEO, CCIB by the Group process universe in line with the ORF and their associated risks, including activities within the processes which are hubbed or outsourced
•Execute the implementation of policies & control standards set by risk control owners and policy owners where appropriate. Ensuring compliance and operating within risk tolerance and risk appetite. Contribute to the adequacy and effectiveness of the systems, controls and procedures relating to Stressed Asset Group and CPM at large, that they are regularly and independently tested, assessed and improved in a timely manner
•Drive continuous improvement of the operational efficiency and effectiveness of processes to increase the consistency of global systems and processes. This should enhance the business experience by process simplification and ease of doing business which is not limited to origination, credit and distribution
Risk Management
•Ensure there are appropriate frameworks in place so that the Structured Solutions & Advisory business within Stressed Asset Group business is carried out within the Group’s risk appetite and reputational and credit risks are appropriately managed in conjunction with direct reports and other stakeholders
•Ensure compliance with the highest standards of regulatory conduct and compliance standards and practices as defined by internal and external requirements. This includes compliance with anti-money laundering regulations and guidelines
•Ensure any audit and compliance issues relating to Structured Solutions & Advisory business within Stressed Asset Group business are resolved in a timely manner
•Ensure that Risk Management matters that are brought to the job-holder’s attention are subject to direct remedial action and/or escalated, where appropriate to relevant risk committees
Governance
•Accountable for escalation to CPMMT and other Group governance committees or to stakeholders in senior management, risk or control functions as appropriate
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.
Key stakeholders
•Internal: Major internal stakeholders:
•Global Head, and regional Heads of Stressed Asset Risk
•CPM Regional Heads
•Regional Heads for FM Sales and GCM teams include Head PAM GCM
•Technical Accounting
•Group Legal
•Group Compliance
•Group Tax
External:
•Investors: special situation investors, private equity and credit funds, distressed debt traders Counterparts in major financial institutions including in the restructuring teams
•The Group's external auditors
•External advisors including legal advisors and restructuring advisors
Other Responsibilities
•Promote the Group’s brand with clients, stakeholders and regulators
•Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures
