Executive Director, Third Party Risk Management

Job Description

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The Role Responsibilities Strategy
• In accordance with the Enterprise Risk Management Framework (ERMF), lead the embedding of Third Party Risk Management, fulfilling the requirements of second line oversight and challenge for all regulatory commitments.
• Work closely with Risk Framework Owners to ensure delivery of the embedding of Third Party Risk management into the Group s relevant Principal Risk Types.
• Develop and oversee implementation of a Third Party Risk Management Policy that is credible to instil confidence of internal and external stakeholders on the management of risk and governance arrangements, and meets the requirements set out in the ERMF.
Business
• While being focussed on climate risk assessment, keep a think client hat in any risk developments; consider how the risk assessments contribute to helping the clients build a more resilient business model.
• Communicate confidently with senior stakeholders, taking a lead in working groups and other meetings.
• Develop and improve climate risk tools and assessment methodologies and provide insights to lending decision making
• Strong understanding and ownership of the bank s third party risk stress testing and scenario analysis approach, and wider stress testing and scenario analysis capabilities and existing processes.
Processes
• Contribute to enterprise-wide RCSA reviews with respect to Third Party Risk from an integrated risk perspective
• Together with the Principal Risk Framework Owners, evaluate relevant existing controls, and contribute to designing new controls, where applicable, and in line with the Third Party Risk Management Policy.
People and Talent
• Lead through example and build the appropriate culture and values. Set appropriate tone and expectations from my team and work in collaboration with risk and control partners.
• Ensure the provision of ongoing training and development of people, and ensure that holders of all critical functions are suitably skilled and qualified for their roles ensuring that they have effective supervision in place to mitigate any risks.
• Employ, engage and retain high quality people, with succession planning for critical roles.
• Responsibility to review team structure/capacity plans.
• Set and monitor job descriptions and objectives for direct reports and provide feedback and rewards in line with their performance against those responsibilities and objectives.
• Uphold and reinforce the independence of the Risk function from those whose primary responsibility is to maximise short term revenues and profits.
Risk Management
• Review and challenge of overall risk control environment for Third Party Risk, on behalf of the integrated risk framework owner.
• Set, manage, and monitor risk appetite metrics and thresholds for Third Party Risk, ensuring they are embedded within the respective principal risk types, as applicable
• Ensure cascade of risk appetite metrics as applicable
• Support the Group s requirements on internal management scenarios and stress testing and scenario analysis
• Act quickly and decisively when any risk and control weaknesses become apparent, and ensure they are addressed within an appropriate timeframe and escalated through the relevant committees.
Governance
• Contribute to overall governance mechanisms (including committee oversight and individual approval authorities) for Third Party Risk Management.
• Oversee implementation of enterprise-wide regulations applicable to Third Party Risk
• Provide support across Third Party Risk Management, ensuring compliance with the highest standards of regulatory and business conduct and compliance practices as defined by internal and external requirements.
• Embed the Group s values and code of conduct in Third Party Risk.
• Ensure that material risk exposures and related issues are reported to the responsible risk governance committees including the GNFRC, GRC and BRC.
• Support the Integrated Risk Framework Owner in affirming the effectiveness of Third Party Risk Management to the Group CRO through evidence based self-assessments
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.
• Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
Key Stakeholders
• Regional CROs and Country CROs
• Regional/Country Heads of OR
• Principal Risk Framework Owners
• Global Head of Supply Chain Management
• Business Process Owners
• Head, Strategic Risk Management and Governance, ERM
• Head Effectiveness review & Country Governance, ERM
• Policy Owners
• Group Internal Audit
Our Ideal Candidate
• Business Strategy and Model: Sharp business acumen (including ability to assess risk and appropriate levels of return), strong leadership qualities, excellent interpersonal skills and multi-cultural awareness and sensitivity.
• 12 years of experience in a similar role.
• Risk Management and Governance: Demonstrated track record of experience in governance and operational risk
• Regulatory Framework and Requirements: Awareness and understanding of the regulatory framework, in which the firm operates
• Non-technical Skills: Significant relationship management experience with internal and external stakeholders at the most senior levels, including regulators and rating agencies.
• A clear understanding of the Bank s approach to the management of non-financial risks, or equivalent experience gained in other organisations
Role Specific Technical Competencies
• Risk Management Operational
• Risk Management - Reputational
• Business Business Partnering
• Business Process Management
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Keyskills :
marketingsalesbusiness developmentmanagementfinancecode of conductkeeping things simplerisk management frameworkenterprise risk management