Primary Location: ASEAN & South Asia-India-Chennai
Employee Status: Permanent
Posting Date: 16/Sep/2020
Unposting Date: Ongoing
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.
Identifying the verification requirement for the application & Initiating/conducting as required per Credit Initiation procedures
Receiving/ tagging the verification report of the respective application
Checking the validity of the information and documents used for credit decisioning
Follow the correspondent banking DOI to process loan applications in line with the process, policy and product standards( 3 P’s)
Coordinates development of the design, management and adherence of key operating controls and levers that improve credit initiation efficiency and customer experience.
Work with country management business partners, product partners and other Risk team members to optimize performance and resource allocation.
Identify and track key performance Indicators (KPIs) to support strategy testing environment and daily operations.
Analysis and review the loan applications of the respective country to ensure the due deligency of the application and credit worthiness of the applicant on the repayment of the loan or cards
All the 3 p’s of the respective country and regulatory condition are adhered while desicioning the application , to manage risks
To comply with the bank’s requirements of AML monitoring/reporting, KYC and all policies related to the group reputation risk.
Relevant DOI/Bulletins are checked before processing a request, incase of any exception the same is pended/rejected and reported.
In the event of serious regulatory breaches,policy breaches or where credit appetitate have been breached, ensure senior management are informed and that actions are taken quickly to remediate and/or activities are ceased.
Identifying and reporting all exceptions on non-compliance with standard controls
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.
Support the Credit Initiation Procedures provide a standard framework to countries for developing and deploying credit initiation processes with an objective of optimizing efficiency without impacting credit quality.
Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
To comply and adhere to the Sanction policies laid down by the Group
Retail Risk Operation- Credit representatives in group and country.
Country CI Manager
Live Here for good and Group’s brand and values in SuppServ Credit Initiation
Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.
4 to 7 years of relevant work experience or knowledge of the lending related activities/ documentation:
Applications in compliance with all related credit policies & product programs within the stipulated turnaround time
Underwriting experience in either secure or Unsecured product
For Grade E to have credit appetitate understanding and implementation
Evaluate applicant’s creditworthiness through analysis of his / her
Internal/external credit records, available information and other relevant
Perform credit monitoring and annual/renewal review on approved credit
Respond to stakeholders regarding all credit applications related inquiries
Understand and execute all relevant regulatory requirements, Group and
Country credit policies and procedure
Comply with anti fraud procedures and be alert at all times, make immediate
Report for any unusual or suspicious customer activity to FRM unit
Continually improve working efficiency and control credit risk
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.