Key Responsibilities
As the Head of Commercial Real Estate (CRE) Financing for Standard Chartered Bank US, you will lead the growth and competitive positioning of the business within Global Banking. As a key strategic advisor and trusted partner to our clients, you will drive revenue growth and enhance profitability while managing risk. You will take ownership of client group revenues and risk management, building a comprehensive understanding of client structures and needs.
Strategy
- Formulate business strategy in the context of the overall Global Banking / CIB product, client, market and country strategy.
- Lead origination and execution of CRE financing transactions, working with Client Coverage and product groups to identify and target cross-sell opportunities.
- Build trusted relationships with Promoters, C-Suite, and Sponsors for Global Banking / CIB targeted client groups anddrive advisory andhigh value banking opportunities
- Drive client penetration and profitability aligned to CIB / Global Banking Strategy.
Business
- Ensure transaction structures align with client requirements, market standards and the Bank's internal parameters.
- Oversee robust deal selection, conflict resolution and risk management so business is consistent with the strategy and risk appetite of the Bank.
- Produce and maintain accurate forecasting and financial oversight of the business.
Processes
- Manage business and risk management process issues by interacting (where required) with representatives on various risk, governance, and control committees, i.e., 2LoD, 3LoD.
- Responsibility for the first line of defense in a supervisory role. i.e., 1LoD.
- Ensure deals are screened and selected in line with the Bank's strategy and risk appetite.
- Provide oversight of portfolio risks through the portfolio reviews and escalate to senior management and risk forums where required.
People Talent
- Lead through example and build the appropriate culture and values.
- Provide 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.
Risk Management
- Enforce a culture of risk management, control, and governance, and ensure teams comply with the risk management processes in place. This includes (but not limited to) compliance with country-level Portfolio Standards, Underwriting Standards, Credit Underwriting Principles ('CUP'), PPGs.
- Through assignment to direct reports, for regions and businesses under area of responsibility, ensure that adequate and appropriate systems, control, and procedures are in place to comply with Group and Business policies, procedures, standards, and codes, including those governing all Risk types, compliance, Technology and Operations, Finance and Reputation.
- Proactively advise on and monitor all major risk issues and portfolio concentrations with Portfolio Analytics Monitoring ('PAM'). Where appropriate, direct remedial action and/ or ensure adequate escalation and reporting to the Board and its Risk Committees
Governance
- Awareness and understanding of the regulatory framework, in which the Group operates, and the regulatory requirements and expectations relevant to the role.
- Responsible for delivering 'effective governance'; capability to challenge fellow executives effectively; and willingness to work with any local regulators in an open and cooperative manner.
- Accountable for escalation from within CRE team and/or other Group governance committees or stakeholders in senior management, risk, or control functions.
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.
- Lead the CIB Global Banking, Commercial Real Estate ('CRE') team to achieve the outcomes set out in the Bank's Conduct Principles: Fair Outcomes for Clients; Effective Financial Markets; Financial Crime Compliance; The Right Environment.
Key stakeholders
- Clients of the Bank
- CRE Global Head
- CIB MT and CIB Global Banking MT
- Regional CIB Heads
- Regional Country CEOs
- Other CIB verticals e.g., Markets, Transaction Banking
- Credit Risk
- Operational Risk
- Internal Audit
- Legal Compliance
- Human Resource
- Managers with similar responsibilities in other functions
- Regulatory bodies, business chambers and other industry associations.
Other Responsibilities
- Embed Here for good and Group's brand and values in CIB Global Banking.
- Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.
- Multiple functions: responsibilities associated with the management of the CRE are all laid out in this document.
Key Front Office Supervisor Responsibilities
This role has been identified as a 'Front Office Supervisor' and as such has associated with it a series of specific supervisory responsibilities in addition to any current employee/ management responsibilities within the Bank. Periodically the holder of this role will be required to attest that they understand their specific supervisor responsibilities and that they will execute these diligently. For the avoidance of doubt these Front Office Supervisory Responsibilities supplement and do not replace those outlined in this Job Description as well as any other applicable core employee/management responsibilities associated to employment with the Bank.
Qualifications
EDUCATION / EXPERIENCE
- Extensive experience in the banking industry and recent relevant experience in a similar role focused on CRE Debt Origination and Execution
- In-depth technical skills in investment banking coverage and corporate finance
- Prior experience in a recognised institution with a track record in various product; structured debt, project finance, M A, capital markets, financial markets and structured trade transactions.
- Excellent knowledge and understanding of the Commercial Real Estate sector
- Effective communication skills both written and oral with internal and external clients.
- Strong understanding of regulatory and compliance obligations.
- Strong work ethic, detail orientated and a passion for excellence.
About Standard Chartered
We're an international bank, nimble enough to act, big enough for impact. For more than 170 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 thingand 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
- Are better together,we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term
Expected annual base pay range for the role is 334,000 USD to 542,000 USD. The final offer will be determined on an individualised basis using a number of variables, including but not limited to skill set, depth of experience and education, internal relativity, and specific work location. At Standard Chartered Bank, Base pay is only part of the total compensation package. Discretionary variable pay and a range of attractive bank sponsored benefit programs are available and designed to foster employee overall health and well-being including, but not limited to, a best in class 401k plan with up to 8% employer match, robust medical plan coverage with employer funded Health Savings Accounts, inclusive family building benefits, and flexible/hybrid working arrangements for many of our positions subject to role specific considerations
Visit our careers website www.sc.com/careers
What we offer
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-offincluding 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 workingoptions based around home and office locations, with flexible working patterns.
- Proactive wellbeing supportthrough 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 cultureto 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.
