Head, Group Special Asset Management, Americas
- Manhattan, NY, USA Manhattan NY US
- Permanent, Full time
- Standard Chartered Bank
- 22 Apr 18 2018-04-22
The Head, Group Special Asset Management, Americas will direct, co-ordinate control and manage, and take responsibility and accountability for the management of all impaired accounts and other accounts specifically assigned to GSAM in Americas to: Ensure that risks are properly assessed / identified, from Early Alert stage and impaired as appropriate; Account objectives, strategies and action plans are formulated, agreed and adhered to; Minimize risks, prevent losses, maximize recoveries and restore profits.
Head, Group Special Asset Management, Americas
- To take acting responsibility for the Group at such times and within such limitations and delegations
as may be instructed by the Head, GSAM, Europe & Americas from time to time and to uphold the integrity of the Group's risk/return decisions, and in particular to manage the Group's Corporate. Institutional and Private Banking impaired portfolios, non-performing and near non-performing loans.
· The direction and management of GSAM activities in Americas involving restructuring, re-engineering and workout in order to reduce the potential and actual overall impact accounts on the Group's balance sheet and profit and loss accounts.
- Inform the development of business plans with the provision of cost and impairment forecasts a balanced judgement on the external environment
- Allocate appropriate responsibility, accountability and authority to direct reports. Ensure clarity of information flow, escalation of issues and concerns and communication of organizational change.
- To direct and manage the provisioning forecast on a rolling basis as well as direct and manage effectively the identification, assessment, monitoring and management of impaired loans and related assets
- Maintain a good understanding of the requirements of the Group's key external stakeholders, including regulators. in respect of the management of special assets and ensure these are well understood internally
- Determine the appropriate credit risk grade and provisioning on all GSAM assets
- Manage GSAM assets in region to optimise the Group's risk and return profile
- Negotiate on behalf of the Bank in the most complex and difficult work out situations
- Assign authorities to suitably named individuals in line with their skills and judgement
- Provide reports to senior management, performance and risk committees on significant matters relating to the GSAM portfolio
- Provide feedback to responsible business and risk heads regarding improvements in credit origination, or early problem recognition
- Ensure that the Group's risk arising from litigation, environmental claims, regulatory censure or potential reputational loss in regard to Early Alert Accounts and impaired accounts are minimised.
- Maintain and develop GSAM capabilities, skills and infrastructure to meet ongoing business needs and plans in the region and/or in collaboration with, as appropriate, Head, GSAM, Europe & Americas
- Continuously improve the operational efficiency and effectiveness of GSAM processes
- Ensure effective management of operational risks within the GSAM function and compliance
with applicable internal policies, and external laws and regulations
- Supervise all processes where a member of GSAM is the identified first line process owner
- Ensure effective management of the operational risks within GSAM and compliance with applicable internal policies, and external laws and regulations
- Continuously improve the operational efficiency and effectiveness of GSAM's risk management processes
People and Talent
- Employ engage and retain high quality people
- Set and monitor job descriptions and objectives for direct reports and provide and rewards in line with their performance against those responsibilities and objectives
- Uphold and reinforce the independence of the GSAM function from those whose primary responsibility is to maximise short-term revenues and profits
- Ensure the provision of ongoing training and development of the GSAM function's people, and ensure that holders of all critical functions are suitably skilled and qualified for their roles
- Lead through example and build the appropriate culture and values within the GSAM function in region and across the wider organisation
- Ensure that material impairments and related issues are reported to Head, GSAM, Europe & Americas and risk governance committees
- Maintain an open and cooperative relationship in dealings with regulators
- To ensure processes, policies and procedures are in place to cover the management of the GSAM portfolio in the region and to address changing requirements as necessary
- 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 GSAM function in Americas to achieve the outcomes set out in the Bank's Conduct Principles including Financial Crime Prevention and The Right Environment.
Effectively and collaboratively identify, escalate, mitigate, and resolve risk, conduct and compliance matters.
- Country Chief Risk Officer
- Country Chief Executive Officers
- Regional Credit Officers (respective geographies)
- Chief Credit Officer (respective businesses)
- Business Heads (respective businesses):
· Corporate & Institutional
· Commercial & Private Banking
- Group Audit
- Group Legal
- Group Compliance
- Head. GSAM, Policy & Performance
- FED / Financial Conduct Authority/Prudential Regulatory Authority (FCA/PRA) and any other regulatory authority
- with supervisory authority
- The Group's external auditors
- Counterparts in major financial institutions
- Industry Associations and professional bodies
- External advisors including legal advisors and restructuring advisors
- Up-to-date knowledge of business conditions and developments in countries where the Group is involved
Business Strategy and Model:
- Ability to resolve conflicts, manage crises and solve problems, withstand pressure, work fast, set priorities and organize management time among numerous accounts needing urgent attention simultaneously, with initiative, creativity, resourcefulness, analytical ability. energy and determination to execute and win
- Financial engineering dexterity with a comprehensive repertoire of strategic and tactical tools
Risk Management and Control:
- An ability and willingness to exercise initiative, make decisions, exercise responsibility and accept
- accountability for actions taken/decisions made
- Understanding of systems that relate to Risk e.g. payments, pricing, measurement of MTM
Regulatory Framework and Requirements:
- Tertiary academic qualification and /or extensive practical know-how in accounting, finance, and banking
practice and theory.
- Sound practical and technical knowledge of laws relating to bankers' rights, corporate finance, derivatives
security documentation and realization, appropriate Corporate Law, receivership, bankruptcy and winding up
- Strong negotiation, leadership, managerial and organizational skills to handle, co-ordinate and manage the
scoped-in GSAM units
- Strong interpersonal skills coupled with professional integrity in order to command respect/credibility in situations involving conflicting interests (Internal and external).
- Significant experience in the banking industry, with sound knowledge or risks involved in lending; particularly corporate lending, traded and structured products
- Ability to communicate well both orally and in writing, and to conduct meetings (often in
hostile/confrontational circumstances and/or at very Senior Corporate/Bank levels) and focus on relevant issues
- Ability to direct, manage, lead and motivate staff.