Credit Initiation Analyst, Risk

Job Profile 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 showingsho w 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 Provide inputs in shaping the Retail Risk Operations strategic direction Work with in-country stakeholders to deliver against the Retail Risk Operations strategic initiative Business Optimise operating efficiency while balancing the effectiveness of file processing within the Retail Risk Operations function. Ensure the cost budget in Credit Initiation is based on robust capacity plans and is delivered through a rigorous cost management discipline. Processes Ensure that credit files are processed while adhering to the process standards defined by CCO, Retail Clients. Lead and drive standardisation, automation and consolidation through re-engineering and process improvement initiatives. Leverage and build credit assessment infrastructure capability to optimize process efficiency. Act quickly and decisively when any risk and control weakness becomes apparent and ensure they are addressed within an appropriate timeframe and escalated through the relevant committees. Implement the Operational Risk Framework in Retail Risk Operations and monitor the operational risk metrics to identify potential control weaknesses. Identify and track Key Performance Indicators KPIs to support strategy testing environment and daily operations. Risk Management Identify and share industry best practices and work with the businesses for their feasibility and implementation. Ensure all Credit Initiation policies and procedures comply with Group Policies and Standards. Ensure proper and updated documentation in place for in-country policies and procedures. Governance Ensuring compliance with the highest standards of regulatory and business conduct and compliance practices as defined by internal and external requirements. Embed the Group&rsquos; values and code of conduct in Credit Initiation to ensure that adherence with the highest standards of ethics, and compliance with relevantpolicies, processes and regulations among employees forms part of the culture. Accountable for satisfactory closure of issues / gaps arising from Internal Audits, peer reviews and regulatory reviews. Regulatory & Business Conduct Display exemplary conduct and live by the Group&rsquos; Values and Code of Conduct. Take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct, across Important Company. 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 stakeholders Country Retail Risk Head RRO Team, Policy Team Country Business Heads and Product Head, Retail Client segment In- country governance forums as be applicable Country Fraud and Collections Heads Internal IT partners supporting Retail Clients business HR & L&TD; team Operations, L&C; and Customer Experience Management Unit External stakeholders Auditors and Regulators Associations Visa, MasterCard, Amex and other Regional / Local forums, Credit Bureaus and peer Banks Suppliers, vendors and consultants Other Responsibilities Review files received from lending operations and check file for documentation and Compliance. Risk Analysts to conduct PD or Physical PD as applicable to the case and as defined by the policy. Manage reworks with lending operations and business for completion of additional requirements. Review and Validate legal and valuation reports and also arrive at the final eligibility. Validate banking, Sales turnover and other key financial ratios that are critical for credit decisioning along with pre-booking FRM checks. Highlight relevant deviations with respect to Policy. Maintain TAT & productivity. Perform checks on external websites and check for any adverse media coverage or any other negative referencing on clients. Review of transactions as laid down in the policy along with legal and valuation reports. Prepare credit approval Memo which adequately covers all critical information that are necessary for decision making by Approver. Manage empanelled vendors and monitor their TAT, productivity, TPSA and billing related activities. POA holders to adhere to clauses as specified in their POA. QUALIFICATIONS: MBA/CA qualified with minimum 2 years of Underwriting experience To view information on our benefits including our flexible working please visit our. We welcome conversations on flexible working