About Standard Chartered
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 holder will be a part of the new stress testing hub being created in Bangalore.
Enterprise stress testing comprises the stress tests required by the Group, regions, country and risk management teams, and other senior stakeholders as required to inform Risk Appetite and the stress tests required by the Bank’s regulators.
The team has responsibility for the execution of the Bank’s stress test exercises internally and to external regulators.
It is also the centre of excellence for all strategic changes and operational controls, compliance attestation and policy setting for stress testing in the enterprise.
As such, this individual will be working as part of a cohesive strategy and execution function. The team sets and runs the production schedule for stress testing.
The intent of the hub is to primarily run central workstream production tasks and sub-tasks during the running of each stress test exercise utilising ITO (Group IT) supported technology and produce management reporting on the same.
The candidate is expected to prepare and enrich scenarios for the purpose of various stress test outputs in enterprise stress testing exercises for the Group as well and Countries (covering all the Group, Regions and Countries)
This would include understanding regulatory asks, mandated paths, and expand the scenario when required. It will entail understanding the existing tools, improving upon them and developing new repository of scenarios which can be used with quick turn-around time.
The role is also very critical from the perspective of working with various country level business entities to build and finalize scenarios for various country stress tests.
Ensure proper governance mechanism is built and maintained for scenarios that the team will build. He should be the point of contact from the hub for IMR or external queries.
Ensure compliance with the Operational Risk Framework requirements and that quantitative controls are in place and executed in full.
Drive improvements in the acenario computations and automate manual processes for more efficiency and productivity.
Manage all correspondence via their nominated work stream leads, support functions and stakeholders.
Ensure compliance with governance related aspects of EST production and delivery
This is a rapidly evolving space so the role holder must be comfortable with ambiguity and change. Responsibilities : Business : The role holder is responsible for the following in undertaking the role :
Deliver on the scenario requirements for the Enterprise-wide Stress Testing (EST) exercises across the Group
Carry out the EST stress testing analytics work for the group.
Ensure compliance to EST procedures, methodologies and controls.
Manage any all governance related aspects of the execution of credit risk testing
Drive process improvements and best practices for more efficiency and productivity
Lead and manage the support staff necessary for, the production of scenarios
Support development and maintenance of underlying models to enhance scenario enrichment methodology.
Deliver adequate documentation on stress testing methodology subject to management, model validation, audit & regulatory scrutiny.
Deliver on the operational risk framework for the scenario enrichmentProcesses
The role holder will need to support the establishment and documentation of all processes and effective controls for the new hub in accordance with the broader stress testing teamPeople and Talent
The role holder will need to support development and stabilisation a newly formed team, working across geographiesRisk Management
Ensure all activity adheres to the Enterprise Risk Management Framework, relevant policies and standards, with a specific focus on ensuring an effective framework for the management of operational risks as they pertain to the role. Governance
Demonstrate an awareness and understanding of the regulatory framework in which the Group operates, and the regulatory requirements and expectations relevant to the role.
Deliver effective governance’; capability to challenge colleagues effectively, or escalate appropriately; and willingness to work in an open and cooperative manner with all.
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.
Lead the team 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.
Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters. Key Stakeholders
Stress Testing Team
Enterprise Risk Management members
Key Risk colleagues
Risk Transformation Programme Team
Key operations and technology partners / vendors Other Responsibilities
As delegated by line management from time to time. QUALIFICATIONS : The role holder will have experience in :
Good understanding of macro economics is essential
Comfortable with various macro-econometric approaches
Awareness of regulatory frameworks and Banking regulations
CFA / FRM certification will be preferred
Working across geographies and time zones
Excellent oral, written communication and presentation skills
Robust skills for qualitative and quantitative analysis e.g. financial and process
Excellent academic background, preferably with a degree in a quantitative discipline, such as economics, finance, statistics / mathematics, sciences or engineering
Understanding of SCB’s key footprint markets will be added plusThe role holder should comply with all mandatory e-learning as prescribed from time to time.