We are a leading international bank focused on helping people and companies prosper across Asia, Africa and the Middle East.
To us, good performance is about much more than turning a profit. It's about showing how you embody our valued behaviours - do the right thing, better together and never settle - as well as our brand promise, Here for good.
We're committed to promoting equality in the workplace and creating an inclusive and flexible culture - one where everyone can realise their full potential and make a positive contribution to our organisation. This in turn helps us to provide better support to our broad client base.
The Role Responsibilities
·Support the development of the vision, strategy, direction and leadership of the Distressed Assets Legal team as directed by Head, Legal, Distressed Assets.
·Position as a trusted and "go to" adviser and as a point of contact for distressed assets-related advice and expertise.
·Work closely with country and regional Legal teams to ensure appropriate collaboration on distressed assets matters.
·Ensure and improve the technical quality and effectiveness of legal support in the management of distressed assets and to the Group Special Assets Management (GSAM) function, at a country and, as directed, regional level.
·Support and advise the GSAM function and deal team in country on recovery strategies and restructuring proposals from early alert (EA) to exit, from a legal perspective including effective cost benefit analysis of legal options.
·Advise and develop legal support for distressed asset disposals and other portfolio initiatives including product and cross border advice as required.
·Advise on specific accounts where requested by Regional/Country Head, GSAM.
·Provide legal support in country for restructuring and debt recovery accounts and collaborate and co-ordinate with country and regional legal teams in ensuring the optimal use of legal's internal and external resources and the appropriate targeted legal coverage model.
·Manage external counsel relationships from a GSAM and restructuring perspective, including ensuring effective scoping and efficient engagement of external counsel whilst working to deliver potential outsourcing options.
·Leverage the banks expertise and resources, to support and advise on distressed assets.
·Work in collaboration with the Disputes Resolution, product, regional and country legal teams to support optimal recovery outcomes.
·Where appropriate, engage in discussion, challenge and approve restructuring proposals to ensure all legal requirements are met.
·Partner with stakeholders to drive the legal agenda within the GSAM function giving focus to legal policy and the Operational Risk Framework.
·Manage external counsel appointments in collaboration with country legal teams, ensure clearly defined and appropriate scopes of work, oversee the quality of work and manage external legal costs.
·Continually improve internal processes to ensure smooth, cost effective delivery in the provision of legal advice.
·Provide support to the internal process and governance structures for the management of distressed assets in order to identify appropriate juncture and effectiveness of effective legal advice in determination of optimal strategy.
People and Talent
·Engage relevant stakeholders (e.g. Regional/Country Head, GSAM) to obtain regular feedback on the Distressed Assets Legal team's performance.
·Collaborate and engage with legal colleagues to leverage optimal support for restructuring and work out of distressed assets.
Risk Management / Governance
·Assist Head, Legal, Distressed Assets and Country Head of Legal with reporting to key risk control committees and management groups on relevant legal risks and issues, including through the drafting of relevant reports on assigned matters.
·Apply the Risk Management Framework and tools to identify, own, monitor, manage, resolve, mitigate and escalate all material risks which affect the Distressed Assets Legal team.
·Follow the Group Management Responsibility policy to ensure effective risk management and the implementation of proper controls across the Distressed Assets Legal team.
·Ensure compliance with all relevant risk management policies.
·Apply a broad knowledge of risks to manage risk appetite in line with the Bank's risk appetite.
·Assume responsibility for delivering effective governance of the Distressed Assets Legal team.
·Proactively participate in regular Legal team meetings.
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.
·Support the Distressed Assets Legal team to achieve the outcomes set out in the Bank's Conduct Principles: Fair Outcomes for Clients; Financial Crime Prevention; The Right Environment.
·Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
·Country Head/Regional Head GSAM
·Legal Management Team
·Dispute Resolution Team
·Embed 'Here for Good' and Group's brand and values in the Distressed Assets Legal team.
Our Ideal Candidate have
·Strong analytical skills.
·Strong communication skills (oral, written and presentation).
·Experience of restructuring globally.
·Deep technical knowledge of the legal landscape and experience restructuring in SCB markets.
·Understanding of the key features of relevant laws and regulations relevant to the Group and/or Region.
·Substantial experience in the banking industry, including demonstrated success in a similar role.
·Sharp business acumen (including ability to assess risk and appropriate levels of return).
·Good teamwork skills, including the ability to work with a management team and cross functionally.
·Strong people leadership and influencing skills, with the ability to lead a cross-border team to achieve superior results as well as multi-cultural awareness and sensitivity.
Must be qualified to practice as a solicitor/attorney or barrister/advocate in a legal jurisdiction appropriate for restructuring work undertaken by GSAM.
The ideal candidate will have a minimum of 5 years of post-qualification experience in a relevant jurisdiction.
Apply now to join the Bank for those with big career ambitions.
Internal Number: 4664696
About Standard Chartered Bank Singapore
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