Latest Job Vacancies: Senior Manager Risk Governance, Standard Chartered, UAE

Senior Manager Risk Governance, Standard Chartered, UAE

About Standard Chartered

We're an international bank, nimble enough to act, big enough for impact. For more than 160 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
Be 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, parental/maternity (20 weeks), sabbatical (12 weeks maximum) and volunteering leave (3 days), along with 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.
Recruitment assessments - some of our roles use assessments to help us understand how suitable you are for the role you've applied to. If you are invited to take an assessment, this is great news. It means your application has progressed to an important stage of our recruitment process.

Role Responsibilities

Key responsibility of the role holder is supporting CRO UAE and Middle East in ensuring that Enterprise Risk Management Framework is effectively implemented across MENA. The other responsibilities are: supporting CRO in bedding down the Operational Risk Type Framework, carrying reviews and regulatory stress tests including ICAAP, setting up risk appetite and monitoring compliance, managing the secretarial function of the various Risk Committees in UAE and managing risk governance for the region.

Strategy

Appraise and contribute to the development of strategic plans and alignment with risk appetite of UAE (including DIFC and ADGM) and MENA.
Inform the development of business plans with the provision of cost and impairment forecasts and a balanced judgment on the external environment within the region.

Business

Support line manager in aligning strategy of the risk function with business strategy and risk appetite.
Communicate the strategic intent and collective agenda for the Function.
Maintain and develop the Function's risk capabilities, and skills to meet ongoing needs and plans.

Processes

Support line manager supervise all processes where a member of the risk function is the identified first line process owner.
Continuously improve the operational efficiencies and effectiveness of risk management processes in the region.

People and Talent

Lead through example and help build the appropriate culture and values within risk and across the wider organization.
Help line manager ensure the provision of ongoing training and development of the Function's people, and ensure that holders of all critical functions are suitably skilled and qualified for their roles. Also, help with line manager with formulation of succession plans and development plans for risk staff in the region.

Risk Management

Support line manager to assess periodically the risk profile for the region and maintain alignment with risk appetite by rebalancing of risks or controls that may be required in response to internal and external factors.
Help line manager manage BAU Operational Risk duties in his capacity as Head OR, UAE including DIFC
Carry out stress tests and scenario programs, review the results and assess their implications. Ensure that effective management response plans are in place to respond to extreme but plausible scenarios.
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 country risk committees meet on a regular basis to review risk issues in compliance with governance requirements.
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
Support line manager in maintaining delegated authorities in line with internal policies and ensure that delegations are in line with individual capabilities.

Governance

Co-ordination to ensure efficient running of key Risk meetings, preparation of quality packs (CRC), completion of minutes (joint CRC/CNFRC) where necessary and tracking on closure of deliverables.
Contribute in the bank's agenda of reviewing all new regulatory guidelines.
Lead the Regulatory inspection in country and ensure timely and accurate delivery of information to the regulator.
Ensure compliance with regulatory obligations across Credit Risk, Traded Risk, Reputational & Sustainability Risk, Model, Operational & Technology Risk and Treasury Risk.
Oversight of Risk Governance activities within the function and region
Ensure various risk teams fulfil their responsibility as Risk Framework Owner on specific laws and regulations assigned.
Secretary of Country Risk Committee (UAE, DIFC & ADGM)
Preparation of Risk papers (CRC, CMT, RMT, AMERC, GRC)
Preparation and review of Prudential pack, input to risk governance, country risk and reputational risk areas for stress testing and financial statements.
Support ad-hoc projects as required.
Coordinate and prepare papers for CEO forums, GRC and BRC.

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.
Help CRO lead the UAE including DIFC and ADGM to achieve the outcomes set out in the Bank’s Conduct Principles.
Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
Contact point by the CB UAE and DFSA on general enquiry on Risk related matters
Support the risk function in handling of CBUAE, DFSA and External Audit questions and examination as appropriate
Consolidating the communication by the Risk Function with the various regulators
Distribution of laws and regulations assigned to the Risk Function to respective parties
Coordination of any regulatory exercise which affects all Risk Functions of the Bank
ICAAP Risk Coordination and Submission
IFRS9 and ECL Coordinator for Risk
Maintenance of Risk Regulatory Obligation Register
Regulatory returns submission review process
Participate and support Regulatory thematic onsite reviews for Risk function

Key Stakeholders

Risk Top Team, MENA
CEOs Office
CMT BPMs
RCRO Office AME
Group OR
CCROs in MENA
Ops Risk Staff MENA
All Risk Staff in MENA

Other Responsibilities

Help CRO manage the Reputational & Sustainability, Treasury Risk and Model Risk responsibilities as RFO as well as Digital Assets (as integrated Risk)
Conduct Effectiveness reviews of various Risk committees

Our Ideal Candidate