Senior Manager RPST MST Stress Testing
Standard Chartered Bank
Bangalore, India, Asia
3d ago

The Role Responsibilities

PURPOSE :

The role holder will be a part of the stress testing team at Bangalore India and render services in the position of Manager.

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.

Stress Testing team has responsibility for the execution and analytics 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 person will be working as part of a cohesive bridge between strategy and execution function. The team sets and runs the production schedule for stress testing.

The intent of the stress testing hub team is to primarily run central workstream production tasks and sub-tasks during the running of each stress test exercise utilising Group IT supported technology and produce management reporting on the same.

The other equally important role for the team is to develop stress testing models, related to finance part of the world and contribute towards evolving functional landscape on account of the new demands around management tests, climate risk and recovery and resolution planning.

RESPONSIBILITIES :

  • The successful candidate for this position will play a key role in executing the stress test models in relation to Credit Risk, Balance projections, Income and Loss Projections, Balance Sheet and Capital / Liquidity Requirements in the Bank’s stress test exercises.
  • The candidate should also have the capability to work across multiple workstreams in a stress testing exercise under extremely high pressure in a reasonably unstructured environment.

  • This will include Resolution Planning, Recovery Planning, Reverse Stress Testing, Internal Capital Adequacy Assessment Process (ICAAP), and Bank-of-England (BOE) for the Group.
  • In addition, this person should be able to provide valuable inputs to help identify opportunities to improve on stress testing current processes and own quantitative changes and change requests.
  • Responsible for the stress testing data sourcing and preparations, methodological calculations including the use of existing infrastructure and technology, producing quantitative charts and packs and other related requirements.
  • Deliver a high quality Stress Testing Data Framework and Templates (STDF), as per the requirements set out by the Prudential Regulation Authority (PRA) in the Bank of England (BoE) stress test and other similar data requirements issued by the likes of the Hong Kong Monetary Authority (HKMA) or Monetary Authority of Singapore (MAS), Central Bank of China, Bank of Nagara, EBA etc.
  • Ensure that the stress testing methods employed are compliant with Enterprise Stress Testing methodologies and procedures, and any deviation is properly documented and approved.
  • Ensure compliance with the Operational Risk Framework requirements and that quantitative controls are in place and executed in full.
  • Automation, maintenance, enhancement, and execution of the stress test models for the balance sheet and P&L, considering various dimensions including segments, geographies and products.
  • Work alongside workstream leads to develop and prepare quantitative financial projections. Translate business and market drivers into financial projections, especially for wholesale banking products.

    Identify model risks and quantify impact. Automation and maintenance of the data templates that are used for regulatory submission for all the banks regulators.

  • Drive improvements in the stress testing 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.
  • Business

    The role holder is responsible for the following in undertakings :

  • Strong Focus on Risk and finance metrics like Expected Credit Losses, Gross and Net Interest Income, Loan Impairment Charges, RWA, CET1.
  • Greater understanding of the interrelationships among plethora of macroeconomic factors and drivers and their impact on performance of Bank under myriad levels of stress scenarios and environment.
  • Execution of the Liquidity / Capital stress test models for the entire balance sheet and liquidity requirements.
  • Build automation of data extraction and model projection capabilities.
  • Consider all different dimensions segment, geographies and products of the bank.
  • Ensure input data quality, reconciliation, validation, consistency with various sources.
  • Work alongside global business stakeholders to develop, understand, and translate stress parameters into the final balance sheet projections and liquidity metrics.
  • Manage execution timelines around the stress test exercises.
  • Analyse and present results in a concise yet informative manner to senior management.
  • Incorporate other areas of risk into current balance sheet / liquidity / capital model.
  • Support documentation of stress test model methodology, ensuring it is compliant with group governance standards.
  • Produce quantitative results packs on the bank’s liquidity / capital position in various stress scenarios.
  • Produce final numbers results pack for submission.
  • Produce related data templates for external regulators (STDF).
  • Processes

  • The role holder will need to support the establishment and documentation of all processes and effective controls for the stress testing hub in accordance with the broader stress testing team.
  • The role holder should diligently operationalise and manage the controls of Operations.
  • People and Talent

  • The role holder will need to support the junior team members to develop deeper understanding and to grow in techno functional areas of stress testing.
  • Risk 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
  • Business leadership
  • Risk Transformation Programme Team
  • Key operations and technology partners / vendors
  • Modelling Teams
  • Research and development and documentation team
  • External Regulatory teams
  • Other Responsibilities :

  • As delegated by Head of Stress Testing from time to time.
  • Our Ideal Candidate

    The role holder will have experience in :

  • Regulatory reporting in the financial services industry.
  • Knowledge of regulatory frameworks and Banking regulations.
  • Full or partial qualifications like CFA or FRM will be considered favourably.
  • Working across geographies and timezones.
  • 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 plus.
  • ROLE SPECIFIC TECHNICAL COMPETENCIES

  • Results orientated, with attention to detail - Advanced
  • Excellent inter-personal skills; comfortable in building relationships, with outstanding written and oral communication skills with high competency in MS Word, Excel and PowerPoint - Advanced
  • Confident self-motivated person with a high level of drive and ability to operate in a fast-paced environment - Advanced
  • Good problem identification skills coupled with an analytical and pragmatic approach to proposing solutions - Advanced
  • Knowledge of and direct experience in stress testing at a major international bank, could be in a specific workstream such as market risk or credit risk, or at a group level, such as group risk or group finance.
  • This should include Bank of England, HKMA, MAS or CCAR - Advanced

  • Forecasting and Modelling Skills - Advanced
  • Good working knowledge in SAS and MS Excel (Pivot Tables) to be able to use these on day 1 - Core
  • Experience with data reporting tools (Tableau, PVT) and the like - Core
  • Strong IT skills such as SQL, VBA, Access skills are advantageous - Core
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