Job SummaryWe are seeking a Senior Credit Manager to join our Finance team at Standard Chartered Bank in New York. The successful candidate will be working with the Chief Credit Officer as well as other team members to drive origination, develop strong client relationships and be seen as an expert in Finance by internal and external stakeholders. The candidate will need to be able to work with early-stage deal screening and due diligence of new transaction requests, with the ability to unpack complex situations or niche sectors to find out-of-box solutions. The candidate will further have to influence the team with structuring for best-in-class underwriting standards and to achieve successful and timely transaction execution and syndication.
We appreciate self-driven candidates who will be working closely with the wider SF team, coverage and product partners to develop an understanding of the competitive landscape and identify prospective partners who can address customer needs and accelerate growth. We believe that a willingness to acquire new skills will contribute to success in this role.
Key Responsibilities- Work actively with business initiatives to promote revenue growth whilst protecting against the downside risk by identifying the short- to medium-term risks.
- Credit approval or recommendation for the prepared credit applications and rating assessments using subject-matter expertise and manage a portfolio of unique counterparties with early-stage detection of credit deterioration (Early Alert Ratings), which includes stress testing.
- Participate and present periodic portfolio monitoring reviews with senior stakeholders and senior Risk partners.
- Promote Risk to the wider organization and partner Risk peers (including market risk, policy and governance, and enterprise risk management) for risk wide initiatives.
- Design, maintain and effectively communicate risk control parameters across the Business, including policies, control standards, risk exposure limits and other control levers to maintain the risk profile in line with the Group’s risk appetite.
- Obtain assurance regarding the effectiveness of the business controls and compliance with applicable laws & regulations.
- Approve breaches of Local Portfolio Standards, to the extent permitted by Credit Policy.
Skills and Experience- Ability to make credit decisions / recommendations with semi-complete information, but sufficient to form a sound, well-grounded credit view, in a compressed time schedule.
- Experience in stakeholder management and ability to express and communicate a credit opinion (written and orally).
- Experience in approving transactions after reviewing credit and rating proposals in line with defined risk parameters, negotiated credit terms and documentation review.
- Knowledge of risk decisions in directing and challenging business to demonstrate that risk origination and control decisions are properly informed and consistent with strategy and risk appetite.
- Excellent global portfolio management skills in asset classes and credit risk counterparties as well as understanding each client by geography, industry, and structural differences.
- Proficient in stress testing as required by internal and external factors and review results and implications.
Day-to-Day Tasks- Dynamically manage a portfolio of asset classes and credit risk counterparties (often bespoke) in the global portfolio, understanding each client by geography, industry, and structural differences.
- Pro-actively manage transactions ahead of credit deterioration (Early Alert ratings) with detection through portfolio reviews, adhere to industry strategies, market monitoring, and lessons learned.
- Initiate stress tests as required by internal and external factors and review results and assess their implications.
- Design, maintain and effectively communicate risk control parameters across the Business, including policies, control standards, risk exposure limits and other control levers to maintain the risk profile in line with the Group’s risk appetite.
- Obtain assurance regarding the effectiveness of the business controls and compliance with applicable laws & regulations.
- Approve breaches of Local Portfolio Standards, to the extent permitted by Credit Policy.
- Actively participate in key committees through standing membership / invites.
- Lead engagement with local Executive Risk Committees (“ERC”) on SF Portfolio booked in the region. Represent Specialised Financing at the Regional Risk Committee.
- Formulate and obtain approval of Portfolio / Underwriting Standards which are supportive (from credit risk perspective) of the business strategy of various segments.
Qualifications- Market Knowledge: Substantial experience at the highest level in the banking industry, including demonstrated success in similar role within the same product / business area.
- Risk Management and Control: Demonstrated track record in successful management and ability to manage risk in geographically dispersed and highly varied product base.
- Strong understanding of credit risk, financial analysis and structuring, and their application in lending decisions for single counterparty credit risk appetite. This would be gained from an investment bank or a structured finance group of a major international organization.
- Regulatory Framework and Requirements: Awareness and understanding of regulatory framework in which the bank operates, and the regulatory requirements and expectations relevant to the role.
- Non-technical Skills: Significant relationship management experience – with external stakeholders at the most senior levels, including regulators.
About Standard CharteredWe'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.
What we offerIn 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.
Recruitment AssessmentsExpected annual base pay range for the role is 142,819 USD to 214,229 USD. The final offer will be determined on an individualised basis using a number of variables, including but not limited to skill set, depth of experience and education, internal relativity, and specific work location. At Standard Chartered Bank, Base pay is only part of the total compensation package. Discretionary variable pay and a range of attractive bank sponsored benefit programs are available and designed to foster employee overall health and well-being including, but not limited to, a best in class 401k plan with up to 8% employer match, robust medical plan coverage with employer funded Health Savings Accounts, inclusive family building benefits, and flexible/hybrid working arrangements for many of our positions subject to role specific considerations.
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.
Visit our careers website www.sc.com/careers
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