Work with the Head, Legal Distressed Assets to 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.
Key Roles and 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 senior point of contact for distressed assets-related advice and expertise, particularly within UAE.
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.
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 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. Where possible seek input from General Counsel, AME.
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 General Counsel, AME 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.
Qualifications and Skills
Qualified to practice as a solicitor/attorney or barrister/advocate in a legal jurisdiction appropriate for restructuring work undertaken by GSAM
Strong analytical skills.
Strong communication skills (oral, written and presentation).
Substantial experience in GSAM and 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.
The closing date for applications is 29/03/2017. Please note all closing dates are given in Hong Kong time (GMT + 8 hours). We aim to respond to successful applicants within four weeks and will keep a record or your application in our database so that we can contact you when suitable vacancies arise in future.
Diversity and Inclusion
Standard Chartered is committed to diversity and inclusion. We believe that a work environment which embraces diversity will enable us to get the best out of the broadest spectrum of people to sustain strong business performance and competitive advantage. By building an inclusive culture, each employee can develop a sense of belonging, and have the opportunity to maximise their personal potential.