Job Description
Assistant Manager, Credit Risk Management-()
Job
:Risk
Primary Location
:Asia-India-Mumbai
Schedule
:Full-time
Employee Status
:Permanent
Posting Date
:18/Oct/2026, 1:4+:51 AM
Unposting Date
:Ongoing
Business
• Achieving assigned full year objectives as per annual P3 document
Processes
• Ensure adherence to all internal and external regulations.
• To embed Retail Risk monitoring as an integral part of the process.
People and Talent
• Work collaboratively with stakeholders and other tean members to solve for business issues. No direct team would be reporting into this role
Risk Management
• Provide analytical insights and data for evidence based policy decisions & communicate with the business partners and senior management
• Develop and maintain the credit policies to ensure the consistency with the overall risk appetite of the Retail Clients business.
• Ensure consistent application and enforcement of credit policies, processes and controls in all markets.
• Track and monitor the portfolio, ensure timely policy interventions to contain risk in specific subsegments as required
• Anticipate changes in credit conditions, work with respective credit officers in markets to implement effective portfolio actions that mitigate potential risks
• Proactively manage the portfolio credit risk profile within agreed risk appetite. Reduce P&L volatility by prompt escalation of potential risks / issues to safeguard a largely "surprise free" and well managed book.
• Provide insightful and robust analysis to facilitate credit policy and risk appetite discussions and decision making in the credit risk governance and management group meetings
CREDIT POLICY MANAGEMENT
• Maintenance of the Credit Policy for Retail Clients to ensure that it's aligned to the agreed risk appetite, reflects the key risk characteristics of the portfolio, and enables effective controls
• Supervision the implementation and enforcement of the credit policies and risk control procedures for consistent applications across markets; ensure that processes are in place for the Risk Officers in Country to monitor the adherence.
• Presentation of the portfolio with robust and insightful analysis in Credit Policy Management Group meetings to facilitate risk reward trade off discussions and decisions
• Development, implementation and execution of credit policies and strategies to achieve quality portfolio.
• Development, implementation and execution of policies and strategies for effective portfolio management.
• Strategic initiatives via CRDs to explore new opportunities and challenge the effectiveness of existing policies.
• To support smooth implementation of credit polices to ensure effective execution.
PORTFOLIO MANAGEMENT
• Understand sensitivities to key risk drivers and potential stress impact on the portfolio. Monitor external factors such as state of the economy, regulatory environment and other emerging risk trends. Ensure that Portfolio Standards evolve appropriately to proactively manage changes in external environment, strategy and/or risk appetite.
• Monitor, review and control risk profiles (e.g. Risk grade migration, risk concentration, RWA) to ensure that portfolio shape is in line with strategy.
• Ensure development of quality MIS to monitor on-us and off-us portfolio shifts via segmentation and identify risks and opportunities. Ensure MIS decks provide adequate segmentation and profitability indicators.
• Perform in-depth portfolio analysis on identified business issues.
• Conduct program tracking to ensure continuous validation of credit policies for essential program rollouts.
• Contribute to design of credit process around portfolio activation/ intervention and drive automation to improve the efficiency and effectiveness of portfolio management process.
• Continuously improve the way we work by driving cost effectiveness and automation of credit processes.
OPERATIONAL RISK
• CCPL Hindsighting oversight, including Policy QA / Automated Control oversight.
• To exercise Process Ownership for the following processes –
• Portfolio Management – Retail Clients
• CAD & CRD Credit Programs Development, Formulation, Approval and Implementation and carry out responsibilities with the support of the organizations at the Group, Country and Business levels.
• To ensure risks of processing failure are being actively controlled end-to-end.
• Ensure compliance with the Group's standards and regulatory requirements pertaining to Money Laundering and KYC.
• Participate in and / or support the Bank's effort in combating money-laundering activities.
• Ensure compliance with local regulations and group policies.
• Ensure compliance to the operational Risk Framework including the effective application of risk toolkit eg. KPIs/KRIs, CSTs and reporting.
• Ensure material risk exposures and related issues are reported to the responsible governance committees and to Group and business level committees as appropriate.
Governance
• Support the governance related responsibilities as assigned by Country Credit Head or Head of Unsecured/Secured Risk
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
Internal
• Officers in Credit Risk Management
• CI & FRM teams
• Product teams of Secured & Unsecured Business
• Sales teams of Secured & Unsecured Business
• Operations
• Retail Risk Operations
• Group Retail Risk
• Legal & Compliance
External
• SCMAC
• GBS
Role Specific Technical Competencies
Business – Market Knowledge - Core
Business – Products and Processes - Core
About Standard Chartered
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. 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 thing and 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
• Be better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term
• 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-off including annual, parental/maternity (20 weeks), sabbatical (12 weeks maximum) and volunteering leave (3 days), along with 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.
• Recruitment assessments - some of our roles use assessments to help us understand how suitable you are for the role you've applied to. If you are invited to take an assessment, this is great news. It means your application has progressed to an important stage of our recruitment process.
Visit our careers website
Job
:Risk
Primary Location
:Asia-India-Mumbai
Schedule
:Full-time
Employee Status
:Permanent
Posting Date
:18/Oct/2026, 1:4+:51 AM
Unposting Date
:Ongoing
Business
• Achieving assigned full year objectives as per annual P3 document
Processes
• Ensure adherence to all internal and external regulations.
• To embed Retail Risk monitoring as an integral part of the process.
People and Talent
• Work collaboratively with stakeholders and other tean members to solve for business issues. No direct team would be reporting into this role
Risk Management
• Provide analytical insights and data for evidence based policy decisions & communicate with the business partners and senior management
• Develop and maintain the credit policies to ensure the consistency with the overall risk appetite of the Retail Clients business.
• Ensure consistent application and enforcement of credit policies, processes and controls in all markets.
• Track and monitor the portfolio, ensure timely policy interventions to contain risk in specific subsegments as required
• Anticipate changes in credit conditions, work with respective credit officers in markets to implement effective portfolio actions that mitigate potential risks
• Proactively manage the portfolio credit risk profile within agreed risk appetite. Reduce P&L volatility by prompt escalation of potential risks / issues to safeguard a largely "surprise free" and well managed book.
• Provide insightful and robust analysis to facilitate credit policy and risk appetite discussions and decision making in the credit risk governance and management group meetings
CREDIT POLICY MANAGEMENT
• Maintenance of the Credit Policy for Retail Clients to ensure that it's aligned to the agreed risk appetite, reflects the key risk characteristics of the portfolio, and enables effective controls
• Supervision the implementation and enforcement of the credit policies and risk control procedures for consistent applications across markets; ensure that processes are in place for the Risk Officers in Country to monitor the adherence.
• Presentation of the portfolio with robust and insightful analysis in Credit Policy Management Group meetings to facilitate risk reward trade off discussions and decisions
• Development, implementation and execution of credit policies and strategies to achieve quality portfolio.
• Development, implementation and execution of policies and strategies for effective portfolio management.
• Strategic initiatives via CRDs to explore new opportunities and challenge the effectiveness of existing policies.
• To support smooth implementation of credit polices to ensure effective execution.
PORTFOLIO MANAGEMENT
• Understand sensitivities to key risk drivers and potential stress impact on the portfolio. Monitor external factors such as state of the economy, regulatory environment and other emerging risk trends. Ensure that Portfolio Standards evolve appropriately to proactively manage changes in external environment, strategy and/or risk appetite.
• Monitor, review and control risk profiles (e.g. Risk grade migration, risk concentration, RWA) to ensure that portfolio shape is in line with strategy.
• Ensure development of quality MIS to monitor on-us and off-us portfolio shifts via segmentation and identify risks and opportunities. Ensure MIS decks provide adequate segmentation and profitability indicators.
• Perform in-depth portfolio analysis on identified business issues.
• Conduct program tracking to ensure continuous validation of credit policies for essential program rollouts.
• Contribute to design of credit process around portfolio activation/ intervention and drive automation to improve the efficiency and effectiveness of portfolio management process.
• Continuously improve the way we work by driving cost effectiveness and automation of credit processes.
OPERATIONAL RISK
• CCPL Hindsighting oversight, including Policy QA / Automated Control oversight.
• To exercise Process Ownership for the following processes –
• Portfolio Management – Retail Clients
• CAD & CRD Credit Programs Development, Formulation, Approval and Implementation and carry out responsibilities with the support of the organizations at the Group, Country and Business levels.
• To ensure risks of processing failure are being actively controlled end-to-end.
• Ensure compliance with the Group's standards and regulatory requirements pertaining to Money Laundering and KYC.
• Participate in and / or support the Bank's effort in combating money-laundering activities.
• Ensure compliance with local regulations and group policies.
• Ensure compliance to the operational Risk Framework including the effective application of risk toolkit eg. KPIs/KRIs, CSTs and reporting.
• Ensure material risk exposures and related issues are reported to the responsible governance committees and to Group and business level committees as appropriate.
Governance
• Support the governance related responsibilities as assigned by Country Credit Head or Head of Unsecured/Secured Risk
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
Internal
• Officers in Credit Risk Management
• CI & FRM teams
• Product teams of Secured & Unsecured Business
• Sales teams of Secured & Unsecured Business
• Operations
• Retail Risk Operations
• Group Retail Risk
• Legal & Compliance
External
• SCMAC
• GBS
Role Specific Technical Competencies
Business – Market Knowledge - Core
Business – Products and Processes - Core
About Standard Chartered
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. 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 thing and 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
• Be better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term
• 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-off including annual, parental/maternity (20 weeks), sabbatical (12 weeks maximum) and volunteering leave (3 days), along with 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.
• Recruitment assessments - some of our roles use assessments to help us understand how suitable you are for the role you've applied to. If you are invited to take an assessment, this is great news. It means your application has progressed to an important stage of our recruitment process.
Visit our careers website
💡 Quick Summary
Seeking a career-building opportunity? The Assistant Manager| Credit Risk Management position is now open for candidates interested in the Bank Jobs sector. This role in Mumbai offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Bank Jobs is a plus.
