Head, Credit Analysis
Dar es Salaam
Standard Chartered
Standard Chartered plc is a British multinational banking and financial services company .
Job Summary
Management of team of credit analyst by provided leadership and support needed to achieve their objectives.
Primarily responsible for managing the credit risk associated with the portfolio and ensuring high quality of the portfolio.
Closely work with the RM from the origination & play a vital role in deal structuring to add good value from a credit/policy perspective.
Work with the RM on a specified portfolio and facilitate revenue growth in the portfolio.
Responsibilities
Financial analysis of customers using credit skills – ratio analysis; evaluation of security and collateral; evaluation of parent support policies; judgment of management and strategy.
Evaluation and understanding of risk associated with individual transactions, products, borrowers and counterparties.
Conducting annual credit review of assigned accounts and ensuring that respective GMs and BCAs are processed and successfully approved on schedule.
Credit Approval Committee (CAC) Coordination – preparing a high quality submission for the respective clients including GM Part 1 and 2, requesting and following up on financial and credit information related to subsidiaries for the purpose of computing WACG and Group EL.
Ensure compliance with all internal and regulatory credit/other portfolio related policies in conjunction with
Global Relationship Managers (GAM) and Relationship Managers (RM) (e.g. preparing the Country portfolio standard checklist, Temasek check, other special reporting requirements, etc.).
As part of the annual credit review process, check for any gaps in credit documentation and escalate to RM team.
Raise and obtain necessary deferral/waiver approvals from risk approvers/senior management.
Monitor Risk Triggers, Covenants and other credit conditions and ad hoc credit reports appropriately – preparing reports, escalation, and take actions to GAM/Risk, as per policy/procedure. Monitor, in conjunction with risk approvers, any risk triggers and tack the evolution of client performance and client risk profiles over time
Ensure zero BCA/credit review over dues and work to minimize extensions.
Alerting / escalating the issue to the GAM/RM & other stakeholders in case any of the Credit approval conditions in have not been complied with within stipulated timelines.
In partnership with the GAM/RM, ensure timely identification of accounts to be put in Early Alert (EAR/ASTAR) as per the bank’s policies and guidelines. Preparing the EAR/ASTAR/Adverse news report note for credit issues based on their own research and inputs from GAM and circulation to relevant stakeholders as per policy/procedure.
Attend EAR/Portfolio meetings calls along with the relationship manager when needed.
Support team efforts in preparing and responding to internal/external audits and regulatory exams.
As part of the annual credit review, identify client limits that are not utilized or underutilized and escalate to management to initiate discussions with the respective GAM team.
Actively participate in the management of excesses together with the client delivery team, including, but not limited to proposing limit increases or reducing exposures and promptly addressing queries from Risk.
Plan and conduct credit due diligence of assigned accounts.
Ensure receipt of Quarterly/Annual/Interim Financials for private clients (non-publicly traded) from GAM/client
Participate regularly in account planning sessions to ensure familiarity with customer business and contribute credit/risk opinions about client and industry.
Conduct enhanced credit due diligence in order to achieve clear understanding of credit risks associated with new transactions.
Prepare call reports on credit/risk related discussion, if the CA attended the meeting/discussion when in attendance.
Contribute to the structuring of transactions in coordination with other stakeholders (e.g., legal, FM, TB, RISK) including the corresponding RWA calculations.
Propose and assist with negotiation of credit terms for ISDA/CSA agreements through preparation of Credit Term Sheets (CTS).
Cultivate and maintain close relationships with stakeholders in Risk, Legal, and Compliance
Conduct periodic portfolio reviews of assigned segment to assess creditworthiness and initiate ad hoc reviews for clients subject to adverse news or vulnerable to specific economic, market or regulatory events
Proactively monitoring market and industry data and risk triggers across the assigned portfolio
Take personal responsibility for complex transactions or complex relationships with assigned names.
Contribute to Stress Tests requests (wherever required or request by GAM/Risk Management
Perform ad-hoc projects, as needed.
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.
Take personal responsibility to achieve the outcomes set out in the Bank’s Conduct Principles with respect to assigned names: Fair Outcomes for Clients; Effective Operation of Financial Markets; Financial Crime Prevention; The Right Environment.
Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
Head, Credit Analysis Job Vacancy at Standard Chartered
Key stakeholders
GAMs, RAMs, FAMs, RAM
Risk, CRC
MDU, LDU, Legal where relevant
Product partners
FCC, where relevant
Other Responsibilities
Effective structuring the deal along with the RM – no of structured deals handle successfully
Completion of BCAs and obtaining Credit approvals on time to facilitate faster execution of transactions.
Revenue from the portfolio
No overdue BCA, QCR
Efficient handling of EAR, minimal ASTAR
Nil provisioning.
Satisfactory audit and other internal & external reviews
No movement of account to GSAM without going through EAR
A proactive approach to identifying EAR accounts – No sudden slippages into GSAM.
Timely generation & circulation of various Monitoring reports.
No surprise deficiencies to be detected in the Excess Monitoring Reports after the stipulated timelines for checking of the Reports- Evaluation to be based on spot checks by line manager and will take into account any relevant findings by internal/external audit/assurance reviews.
Qualifications
A Degree in Business/Commerce/Economics is preferred however a degree in a science or other related field where analytical skills are gained is acceptable.
ACCA/CPA qualifications are an added advantage
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 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 assessments – 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.
The deadline for submitting the application is 24 August 2022.
