Meet the man with one of the trickiest new jobs at Standard Chartered

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Standard Chartered has rehired risk management veteran Vincent Loh and appointed him as chief risk officer for Singapore and ASEAN. He previously spent just over two years as the Jakarta-based risk director of Indonesian firm PermataBank, according to his public profile.

This is Loh’s second stint at Stan Chart. He worked at the bank’s Bangkok office between November 2014 and January 2017 and his roles there included being the chief risk officer for Thailand.

Loh now has a lot on his plate. His new job represents a promotion, and is among the more senior risk management positions at Stan Chart. The job is based in Singapore, which serves as Stan Chart’s main Asian hub and is home to many of its regional and global heads. It also covers ASEAN, which is Stan Chart’s second largest region (behind Greater China and North Asia) and generated 27% ($1,046m) of its operating income in the first quarter – almost three times that of Europe and the Americas combined.

Loh is helping to run  one of the largest Singapore-based risk teams of any foreign bank in Singapore – and is continuing to expand, say recruiters. Stan Chart has 24 Singapore-based risk-focused jobs on its careers site right now.

His appointment follows a major shake-up of risk management at Stan Chart over the past 18 months. Last year the bank implemented a new enterprise risk management framework, and in January this year it integrated conduct, financial crime and compliance risks as a single CFCC function. “We are also developing our data and analytics capabilities, harnessing digital and technological innovation to enhance the speed and quality of risk decision-making,” Mark Smith, group chief risk officer, wrote in Stan Chart’s 2018 annual report.

Look out for more cyber risk hiring at Stan Chart this year. “We continue to expand our capabilities in this area and enhance our operating models to strengthen our defences and keep pace with ever-evolving cyber threats,” group chairman José Viñals added.

New Stan Chart recruit Loh worked for ABN AMRO between 2001 and 2008, latterly as country risk officer for China. He then transfered to RBS when it acquired the Dutch bank, and stayed there until 2014, predominately as head of corporate credit for Singapore and South East Asia.

Image credit: danielvfung, Getty

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