Credit Analyst at Standard Chartered Bank

⏲ Feb 3, 2023, 12:25 PM
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Standard Chartered Bank - 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. As a leading international bank, we strive to help people and businesses prosper across Asia, Africa and the Middle East.

We are recruiting to fill the position below:

Job Title: Credit Analyst

Job ID: 2300002095
Location: Victoria Island, Lagos
Schedule: Full-time
Employee Status: Permanent
Job: Institutional Banking

Job Summary

To provide insightful, relevant, succinct and timely credit analysis of a portfolio of SCB’s clients (current or prospective).
This includes responsibility for proposing counterparty credit grades via the relevant scorecard and ongoing monitoring for credit-material events.
While the portfolio will be industry / geography specific in focus, the role extends to analyzing other clients as may from time to time be required

Insightful:

Attuned to the needs of two audiences - Client Coverage and Risk - the analysis should provide a forward-looking, focused opinion on the likely development of both business and financial risk elements in their industry / geographic context together with a calibrated articulation of key risks and potential mitigants thereto.

Relevant:

As well as a holistic counterparty assessment, analysis should comment on structural elements relevant to SCB’s existing or proposed exposure such as guarantee and security arrangements

Succinct:

While always providing sufficient granularity to substantiate its conclusions and observations, the analysis should present opinion in as structured and succinct a manner as is practical

Timely:

While focused on the prescribed annual review cycle, analysis will also be required where material new exposure is being considered by Client Coverage. In addition, more summary analysis should be produced and disseminated quickly, where relevant

Additionally, for any BCA submission it will involve the following

Critical review of Environment and Social Risk Assessments, Appropriateness and Suitability Assessments (FM Products)
Consistency and coherence review of the Approved Account Plan, Raptor (or equivalent), Client and Group Facility Summary and Structure (including Terms and Conditions)
Active partnership with Client Coverage in completion of Risk Profile, Compliance Details, as well as proposed Covenants and Risk Triggers
Overall accountability for consistency and coherence of the complete BCA package submitted to Risk will rest with Credit Analysis and is a key element of the strategy

Business:

To partner the team’s two key stakeholder communities, Client Coverage and Risk, supporting the former in developing and executing their client strategies and both in respect of credit analysis-relevant matters.

Processes:

Timely drafting of credit analysis as directed by the relevant Team Leader. Such analysis should be Insightful, Relevant and Succinct (see Strategy) and include the following, inter alia
Discussion of the dynamics and nature of the Client’s industry, including key risk aspects
Assessment of the Client’s competitive positioning within its industry
Discussion of management strength, experience and track record and corporate governance more broadly
Articulation of the Client’s strategy and an assessment of its clarity and associated execution risks
Assessment of funding strategy, financial policy, treasury activity (hedging, cash management) and liquidity
Development of a current / forward year base forecast performance expectation
Assessment of balance sheet strength, alongside cashflow and profitability vulnerability, via ratio analysis and / or stress testing
For Cat 2 lines, complete Financial Markets Appropriateness and GWWR Attribute checklist
For Cat 2 lines, Credit Term Sheet updates based on RM/Risk feedback
Supporting business on structuring deals
Documentation support on credit aspects and working with IMO on BCA reworks
Testing and Monitoring Covenants and Risk Triggers
EAR and ASTAR reporting / updates to credit
Seek pre-approval endorsements(where applicable)
Preparing country specific regulatory check-lists (where applicable)
Discussion of other pertinent risk aspects, including country risk, parental and/or governmental linkage/support, relative ranking of indebtedness, Fraud risk
Evaluation of risks associated with particular proposed transactions, where required
Completion of Group Mandate/BCA Part 1, Part 2, financial analysis/spreads, scorecards
Ensure use of appropriate calculator in alignment with Credit Policy for relevant approvals (e.g. Raptor, Group Aggregation Calculator)
Complete ESRA (Environment and Social Risk Assessment) Checklist
Credit stress testing
CCC Certification
Preparation of other analysis as directed by the relevant Team Leader, such as Industry specific reviews, portfolio reviews, assessments of new prospects, etc.

People and Talent:

Support CA Team Leaders and others in the team on ad hoc projects, strategic initiatives and exercises aimed at improving or enhancing the team’s activities
Continually strive to share key relevant knowledge and learnings with others across the team
Provide credit specific coaching to newer or less experienced members of the team

Risk Management:
In respect of Clients where the role-holder is assigned as analyst

Proactive monitoring of key entity or industry wide events and / or developments, as well as of covenants and risk triggers where applicable
Partnering Relationship Managers in pursuing their client strategies through proactive idea generation, support in preparing materials for client discussion and through ensuring they are always fully briefed on key risk aspects
Partnering Risk through clear presentation of credit analysis and proposed credit grading, as well as through proactive and considered discussion of key risk aspects
Accompanying Relationship Managers on client visits, as part of general due diligence in respect of credit analysis
Acting as a broader point of expertise in respect of credit aspects with Product and others across SCB

Governance:

Maintaining integrity in analysis at all times is critical. This includes frequent and iterative discussion with both Client Coverage and Risk around draft analysis, key sector / geographic trends, as well as discussion of covenants, risk triggers and the like. It involves proactive idea generation and discussion with Client Coverage around potential business opportunities for SCB, assisting both Client Coverage and Risk around transaction structuring and execution, where relevant, and identifying and alerting stakeholders of emerging risk aspects on a continuous basis.

Regulatory and 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.
Exercise authorities delegated by the Board of Directors and act in accordance with Articles of Association.
Lead 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
Internal Relationships:

GAMs, RAMs, FAMs
Product partners
CDD, where relevant
Legal, Audit and Compliance, where relevant
Physical Commodity Operations, where relevant
Risk

External Relationships:

Clients
Rating Agencies
Market Data Services providers

Our Ideal Candidate

Graduates / Graduate calibre.
MBA or CFA qualifications are advantageous, but not required.
Sound knowledge of accounting and financial principles gained by experience or qualification.
Strong verbal and written communication skills with proven ability to work across cultures and within a dynamic environment.
Able to hold credible dialogue at all levels of the organisation, as well as with clients.
Well organized, able to multi-task and balance competing demands.
Minimum of [Grade dependent] years’ relevant experience gained either in banking, treasury or accounting environment.
Strong analytical ability, focused on the assessment and calibration of credit risk

Analytical Strength: