Executive Director Trade Risk Unit

Standard Chartered Bank
Singapore, Singapore
10 Mar 2023
09 Apr 2023
Job Function
Industry Sector
Finance - General
Employment Type
Full Time
Role Responsibilities
The Trade Risk Unit is responsible for end-to-end management of all risk types for the Trade product, coordinating risk management across all process universes underpinning delivery of the Trade offering to clients. Key risks addresses are financial risk (in particular Credit and Fraud) and non-financial (in particular operational risk, CFCC and reputational risk).
The ED, Trade Risk Unit, Commodities and Digital Risk Management is responsible for:
  • Lead Trade risk management proposition for commodities traders and producers .
  • Lead Trade risk management proposition for the new economy sector and the development and implementation of innovative risk assessment and management methodologies.
  • Support implementation of robust portfolio management, and development of clear and consistently implemented risk appetite for Trade across financial and non-financial risk types.
  • Support development of strong transactional risk management within Trade product.
  • Support development of strong first line ownership of risk within the first line Trade function and strong partnership with second line risk management functions.
  • Support integrated end-to-end management of Trade risk across all functions and teams supporting the delivery of the Trade product.
  • Support regulatory liaison in respect of Trade Finance risk management.
Commodities risk management
  • Manage the portfolio of commodities finance trade exposures.
  • Set Trade's risk appetite for commodities finance.
  • Drive the development of Trade product offering for commodities finance.
  • Drive consistent implementation of market leading structuring standards for commodities finance.
  • Develop market leading transaction monitoring and decision-making capability.
  • Implement guidance, training, and lessons learned to develop a market leading culture of commodities structuring and risk management.
Digital risk management
  • Work with Coverage, TB Sales and Trade to identify the most attractive New Economy sectors for Trade to address.
  • Work with Trade Global Product Heads, Structured Solutions Development, Tech and Ops, second line and other stakeholders to develop the product proposition and risk management approach for these sectors.
  • Develop socialise and align risk appetite for the New Economy.
  • Coordinate approvals, implementation and achieve strong and sustainable growth the New Economy sector.
  • With Tech, Analytics and external partners develop and implement predictive and AI modelling to support Trade risk management and growth.
Trade portfolio management and risk appetite
  • Develop meaningful and actionable reporting on the Trade portfolio and decision / follow up processes to actively manage the book.
  • Support development, implementation, and monitoring of Trade risk appetite across financial and non-financial risks.
Trade Transaction risk management
  • Support the integration, analysis and utilisation of all red flags data arising from Trade transaction management.
  • Support development of expertise and capacity in Trade transactional risk management.
  • Optimise the operating model around transaction management decision-making and support achieving robust and timely actions.
First line ownership of risk and second line partnership
  • Provide training workshops, lessons learned and feed into decision making to propagate culture of strong first line risk management.
  • Engage second line closely in decision making and strategy setting and build a strong and constructive partnership with second line teams.
Integrated end-to-end management of Trade risk across all functions and teams delivering of the Trade product
  • Help develop strong first line understanding, oversight and effective coordination of end-to-end processes underpinning Trade products to more effectively manage risk.
Regulatory liaison in respect of Trade risk
  • Support liaison with regulators in respect of risk management aspects of the Trade product set.
Leadership, People and Talent

Responsible for ensuring a sustainable organizational focus on deepening product management excellence across the organization underpinned by investment in promoting and extending the brand of the Transaction Banking at all levels of the enterprise.
Responsible for leading, directing and influencing the frontline teams responsible to develop, manage or sell trade products in:
  • Driving the correct risk culture and risk identification methodology.
  • Adopting a strategic mindset to advise senior business leaders on risk issues and forward-looking solutions.
  • Driving collaboration between RMs, TB Product and the TB Sales teams on client and portfolio risks.
  • Providing advisory, constructive challenge and thought leadership perspectives on a range of risk related opportunities and challenges in country and across the markets (thought leadership).
  • 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.
  • Lead the Trade Portfolio Management team to achieve the outcomes set out in the Bank's Conduct Principles. Fair Outcomes for Clients, Effective Financial Markets, Financial Crime Compliance, The Right Environment.
  • Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
Key Stakeholders
  • Global Head, Trade
  • Global Head, Transaction Banking
  • Global Head, Credit and Portfolio Management
  • Chief Risk Officer Business
  • COO TB
  • COO Trade
  • Region Heads of Trade and Transaction Banking
  • Global Head, Industries
  • Regional Heads, CCIB Clients
  • Regional Heads TB Sales
  • Trade Credit
  • Operational Risk
  • Fraud Risk
  • CFCC (Trade, Regional and CCIB)
Our Ideal Candidate

  • 15+ years' experience in banking/finance risk management experience:
  • Experience of credit approvals and credit portfolio management, or front office sales / client coverage, product, structuring or distribution with strong credit aspect. Deep and practical understanding of management of credit and fraud risks arising from Trade facilities and structures, across diverse markets.
  • Degree level education.
  • Masters / Professional qualifications in Finance (e.g., Accountancy, CFA, MBA etc.
Senior influence, engagement, and coordination:
  • Senior management engagement / influencing skills, and credibility. Ability to engage with the relevant first and second line functions and advocate for the Trade product perspective. Ability to coordinate and deliver build of key cross-function initiatives.
  • Deep commodities markets understanding.
  • Deep and practical experience of financing commodities traders and producers including structuring principles and management of stressed cases.
Digital experience
  • Practical experience of Fintech propositions, and risk management for innovative financial services activities.
Market knowledge and business acumen:
  • Ability to assess risk and return, identify opportunities for sustainable growth and areas of concern. Hands on experience of managing distressed clients / Trade structures.
  • Portfolio management: Ability to identify growth opportunities and risks across different markets, sectors and products in real time.
  • Regulatory and accounting frameworks: Awareness and understanding of main aspects of the regulatory framework and expectations that affect Trade finance.
Role Specific Technical Competencies
  • Credit analysis of corporate clients
  • Understanding of trade product structures and processes
  • Commodities finance techniques
  • Understanding of fraud typologies
  • Understanding of regulatory framework
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 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.
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