Manager, Portfolio Management

Full-time - Entry Level

Bangalore, IN

Credit Intermediation and Related Activities

About the position

Assist Head SAG, CPM implement the strategy for CPM as it relates to management of stressed exposures across CCIB globally. Stressed exposures to include legacy CG 13 to CG 14 exposure to be managed by Stressed Asset Group, all new CG 13 and CG 14 exposures effective 1 January 2022, and any other exposure(s) across the CCIB balance sheet with imminent signs of impending stress. Ensure adherence to CPM business conduct framework in implementing this strategy. Reinforce the principle of first line ownership of risk in managing emerging risks in the CCIB portfolio, ensure timely detection and mitigation of such emergent risk, and collaborate with Risk, and FM/GCM teams in managing down the overall stressed asset portfolio aimed at improving the overall RoTE for CCIB and the Group. Providing transparency on the cost and risk of any mitigation action, and on the underlying decision making process as they relate to the stressed asset portfolio. Work towards optimisation of RWA and liquidity in the legacy stressed asset portfolio as a priority and ensure appropriate data capture/ data management that can feed into and improve CCIB's data/ credit modelling regimes.

Responsibilities

• Asset management of complex and large exposures requiring corporate finance input
• Assist Head SAG, and ED SSA with management of assets to be risk mitigated (novate/ assign/ risk participate) and where appropriate, servicing of these
• Assist Head SAG, and ED SSA in management of SAG's enterprise valuation function, producing valuations for the purposes of determining and implementing account strategy, and determining IFRS 9 provision requirements
• To assist Head SAG, and Ed SSA with management of all impaired accounts and other accounts specifically assigned to SSA to ensure risks are properly assessed / identified and impairment considered as appropriate
• Carry out Enterprise Valuations for material accounts
• Provide advice around structuring of new money requests or debt equity swaps
• Manage asset disposal reviews and sales
• Minimize risks, prevent losses and maximize recoveries
• Working closely with GCM and FM Sales to direct and manage the sale processes of stressed exposures including identification, assessment, monitoring and management of accounts that should be exited to the market
• Develop relationships with special situation investors, private equity and credit funds as well as distressed debt traders to enable development of appropriate sell down strategies working alongside GCM and FM Sales teams
• Prepare full enterprise valuation assessments of material exposures in the stressed assets portfolio
• Ensure that the Group's risk arising from litigation, environmental claims, regulatory censure or potential reputational loss in regard to the accounts being managed are minimised
• Develop a culture which understands and evaluates the constant tradeoffs between new business, risk and capital deployment
• Help improve efficiency, speed, and productivity of capital specifically for stressed asset portfolio and for broader CCIB balance sheet
• Working together with Head SAG, and ED SSA ensure business is carried out within the Group's risk appetite and reputational and credit risks are appropriately managed
• Help communicate use of capital metrics (Liquidity and RWA efficiency/ RoTE), where applicable, for stressed assets so that they can be easily communicated to the front line when evaluating mitigation actions
• Ensure that Risk Management matters that are brought to the job-holder's attention are subject to direct remedial action and/or escalated, where appropriate to relevant committees
• Drive continuous improvement of the operational efficiency and effectiveness of the process to increase the consistency of global systems and processes
• Work with the team to support & manage where applicable CPM processes allocated to the CEO, CCIB by the Group process universe in line with the ORF and their associated risks
• Execute the implementation of policies & control standards set by risk control owners and policy owners where appropriate
• Ensure compliance with the highest standards of regulatory conduct and compliance standards and practices as defined by internal and external requirements
• Ensure any audit and compliance issues relating to Structured Solutions & Advisory business within Stressed Asset Group business are resolved in a timely manner
• Accountable for escalation to CPMMT and other Group governance committees or to stakeholders in senior management, risk or control functions as appropriate
• 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
• Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters

Requirements

• Financial Analysis
• Financial Statement analysis
• Business markets
• Capital management
• Commercial Loan review
• Portfolio Management
• Financial Products and Markets
• Asset and Liability Management (ALM)
• Legal analysis

Nice-to-haves

• Graduate qualifications (or conversions): Post-Graduate qualifications such as MBA, CFA, Chartered Accountancy, Mathematics/ Statistics, Qualified Lawyer
• Over 1 to 3 years (Analyst) of relevant experience in the banking and financial services industry with hands on experience of underwriting, managing, and recovering credit exposures across both developing and developed jurisdictions
• Good knowledge of fundamental drivers of credit risk, documentary and legal risks, portfolio, and balance sheet management; including market and regulatory dynamics
• Good experience in structuring credit risk products, restructuring of credit exposures, asset distribution, and exposure to credit derivatives and asset securitisation

Benefits

• Core bank funding for retirement savings, medical and life insurance, with flexible and voluntary benefits available in some locations.
• Time-off including annual leave, parental/maternity (20 weeks), sabbatical (12 months 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.