Associate, IMO Enablement

STANDARD CHARTERED BANK (SINGAPORE) LIMITED
  • Job category
    Banking and Finance, Risk Management
  • Job level
    Executive
  • Contract type
    Permanent, Full Time
  • Location
    Central
  • Salary
    S$5000 - S$9000

Job Description

About Standard Chartered 

We are a leading international bank focused on helping people and companies prosper across Asia, Africa and the Middle East.  

To us, good performance is about much more than turning a profit.  It's about showing how you embody our valued behaviours - do the right thing, better together and Never settle - as well as our brand promise, Here for good. 

We're committed to promoting equality in the workplace and creating an inclusive and flexible culture - one where everyone can realise their full potential and make a positive contribution to our organisation. This in turn helps us to provide better support to our broad client base.


The Role Responsibilities

Strategy

Enablement Standards

Champion consistent application of Department Operating Instructions (DOIs) and standard work across IMO teams

Supports and contribute to a consultative, collaborative, and risk-based approach towards addressing identified risk issues

Support the development of a local culture of open and transparent engagement with auditors and regulators across IMO teams

Enhance IMO knowledge and embedding of risk management, governance, and reporting best practices

Facilitate a “zero operational loss” and “first time right” culture by servicing as a subject matter expert in areas of responsibility

Business

Support regulatory and audit requests pertaining to IMO areas of responsibility

Maintain good working relationships with the various Business Units, Finance, Risk, Technology, and Operations community

Undertake ad-hoc duties and when delegated by Line Manager and Country Head of IMO

Processes

Perform relevant credit fulfilment activities including discharge of security documentation, monitoring of collateral values, monitoring of dated credit and security documents, etc. on time and to agreed standards

Ensure proper working of Key Control Self-Assessment (KCSA) / Control Standard Test (CST) process- all KCSAs/CSTs must be conducted following the relevant guidelines and completed within the deadlines

Lodge CST exceptions in EORP system; ensure relevant stakeholders and committees are informed and clear plans of action to address CSTs exceptions are in place

Ensure CST scores are maintained within thresholds. Ensure rework is closely monitored and controlled. Conduct monthly rework forums to discuss repeat themes and arrive at corrective actions involving IMO.

Preparation of ASTAR (Account Subject to Additional Review) report

Preparation of the Credit Issues Committee (CIC) pack, managing invites and minutes

Daily excess and past due monitoring and reporting

Generation of relevant reports and requirements to meet audit and regulatory requests, ensuring submissions are made on a timely basis and the integrity of information used for reporting purposes

Generates daily, fortnightly, monthly reports as required for Senior Management

Works with second line functions (e.g. Financial Crime Compliance Assurance teams) to manage second line reviews, queries, and escalations

Discharge of custodial functions as per Group Standards

Check and process lodgement / withdrawal in Collateral Management System (CMS)

Ensure CMS reports are downloaded and actioned based on the laid down process

Maintain a record of temporary withdrawal security documentation and monitor if status of the security documentation is still outstanding for more than 6 months on a monthly basis

Discharge of Key Holders Responsibilities as per Group Policies

Ensure arrangement is made to change combination of the vault keys semi-annually

Ensure the rolling of vault keys within semi-annual basis and ensure safe keeping of spare keys in Standard Chartered Bank Branch

Safe keep the security documentation in Fire Proof Vaults and with Cisco

Scan securing documents in shared drive

People and Talent

Provide effective orientation /guidance to new Joiners on the bank’s policies/procedures/processes to ensure their successful assimilation into the team and the bank

Develop and implement a personal learning plan with team manager, to attain necessary competencies

Successfully complete milestones as laid out in implemented personal learning plan

Risk Management

Support the development of a compliance culture, undertake compliance monitoring through the Operational Risk Framework, pro-actively advise management on compliance issues

Assist in coordinating, facilitating and promoting understanding of operational risk and in implementation and management of OR within the Unit.

Ensure all activities are done in line with the laid down Departmental Operating Instructions (DOI) / Roles & Responsibilities and other procedures that are rolled out from time to time. Report any deviation (if any) to appropriate authorities and obtain proper dispensations

Ensure all internal policies and procedures are implemented with the group policies, local legal and regularity guidelines

Governance

Ensure that filing of security documentation / obsolete documentation / all maintenances / instructions on own portfolio are in good manner and easy to retrieve if required

Ensure that there is effective MIS in place to monitor performance of countries include Key Risk Indicators and that these reports are analysed and actions initiated where necessary

Regulatory & Business conduct

Display exemplary conduct and live by the Group’s Valued Behaviours and Code of Conduct.

Take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct. This includes understanding and ensuring compliance with, in letter and spirit, all applicable laws, regulations, guidelines and the Group Code of Conduct.

Achieve the outcomes set out in the Bank’s Conduct Principles: Financial Crime Prevention; The Right Environment.

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

Key Stakeholders

Internal

Client Delivery Managers, Specialists, Makers, and Checkers

Country IMO Head

Lending Documentation Unit

Commodities Transaction Management Unit

Regional CDD Risk Managers

Country Operational Risk

Country Compliance

Group Internal Audit

Country Financial Crime and Risk Committee

Financial Crime Compliance Continuous Assurance

Early Alert Committee

Credit Issues Committee

Country Operational Risk Committee

Business Operational Risk Manager

Other Responsibilities

Embedding Here for good and the Group’s brand and valued behaviours in the Integrated Middle Office team

Performing other responsibilities assigned under Group, Country, Business or Functional policies and procedures

Our Ideal Candidate

Over 3 Years of relevant experience

Meticulous with a good eye for detail; able to work quickly and accurately

A team player with good interpersonal skills

Ability to work independently and able to cope with pressures from tight deadlines

Good writing and presenting skills 

Proficient in MS Excel

Apply now to join the Bank for those with big career ambitions. To view information on our benefits including our flexible working please visit our career pages.

How to Apply

Please visit - https://scb.taleo.net/careersection/ex/jobdetail.ftl?job=2000016165&lang=en  to apply now and take the next step in fulfilling your potential.

You can search and view current opportunities across our global organisation and apply immediately by visiting www.standardchartered.com. 

To help speed up your application, please note the following:

• You will need to log in (or register if you are visiting our careers site for the first time) before you can apply for a specific role

• Some roles may require you to undertake an online talent assessment in addition to completing the application form (to facilitate this process it is preferable that you provide us with an email address as part of your contact information)

• We will ask you about your education, career history and skills and experience, it may be helpful to have this information at hand when completing your application

It usually takes 15 - 20 minutes to complete the application form; you can save your application at any time and return to complete it at your convenience.

Diversity & Inclusion 

Standard Chartered is committed to diversity and inclusion. We believe that a work environment which embraces diversity will enable us to get the best out of the broadest spectrum of people to sustain strong business performance and competitive advantage. By building an inclusive culture, each employee can develop a sense of belonging, and have the opportunity to maximise their personal potential.


Closing on 11 Feb 2021

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