Senior Manager - Risk Operations
Standard Chartered Bank
Bangalore, India, Asia
1d ago

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.

PURPOSE :

  • To support the ongoing implementation of the Operational Risk Framework across Market Risk.
  • To enhance the control environment within TRM, with focus on ensuring effectiveness and suitability of controls to meet all regulatory and internal policy requirements.
  • Ensure effective management of Operational Risk within TRM including ensuring the proper functioning of embedded controls.
  • RESPONSIBILITIES : Operational Risk :

  • Process Oversight : Own and oversee Operational Risk issue monitoring, assessment and reporting processes.
  • Design Control Assessment Standards : Actively engage in control design, review and challenge and UAT process.
  • Control Roll out : Ensure approved controls are tested.
  • Control roll out and Control Testing (BAU) :
  • Develop and maintain efficient, effective and auditable control testing mechanism and complete all testing by due dates.
  • Maintain up-to-date, accurate and complete process and approved control data in EORP.
  • Report control test results accurately in EORP and to the Traded Market Risk Operational Risk Excellence (OPEX) Forum by the due dates.
  • Engage in periodic :
  • Inherent and residual risk assessments.
  • Risk assessments on BAU matters (RCA, SORE and EORP Issues) and outcomes of control test results.
  • Risk register reviews, risk acceptances, control documents and other regular assessments.
  • Enhance the effective implementation of Group Operational Risk Policy, Standard and other policy requirements Identify and assess key operational risk areas and control gaps.
  • Work with businesses, asset class, countries, IT and other stakeholders to mitigate the risk and improve controls where necessary.

  • Support thematic reviews to assess the level of operational risk management in the risk function.
  • Liaise with Group Operational Risk function and any other Group Assurance functions in operational risk related matters.
  • Assist with the management of the Traded Market Risk Operational Risk Excellence (OPEX) Forum.
  • Actively engage in any other periodic project and policy roll outs. Provide details / clarifications to Group 2nd LoD and 3rd LoD assurance teams as needed to support the Group Regulatory team.
  • Manage and support various aspects of periodic operational risk reporting, metrics and dashboards.
  • Thoroughly investigate issues and trends with attention to detail in order to provide accurate and comprehensive reporting.
  • Risk Assessments Strategy :

  • Support the strategic plan for SCB Group with respect to UK PRA regulatory requirements and Operational Risk requirements.
  • Support the Traded Risk Regulatory Affairs and Market Risk Capital team in the annual audit of Traded Risk Governance.
  • In particular, where audit findings require updates to the ORF, assist with the closure of audit points.

    Business :

  • Support the strategic intent and collective agenda for Traded Risk Management.
  • Support the Function’s capabilities, skills and infrastructure to meet ongoing business needs and plans with respect to market risk capital and regulatory requirements.
  • Provide risk information / updates to Operational Risk Committee / FM / TM NFRC and other NFRCs or governance forums as appropriate.
  • Processes :

  • Continuously improve the operational efficiency and effectiveness of Traded Risk processes.
  • Identify processes with potential for high operational risk, highlighting to management and engaging in discussion on improving these processes and if necessary, adding new controls.
  • People and Talent :

  • Uphold and reinforce clear and effective independence from all stakeholders and ensure control environment is not compromised at any manner.
  • Lead through example and support the appropriate culture and values within the Function and across the wider organisation.
  • Key Stakeholders Internal :

  • All Traded Market Risk staff, including Group Process Owners;
  • Upstream stakeholders such as FM, TM, IT, FMO, PC, Market Risk Reporting, GBS and other;
  • Group assurance functions such as Group Operational Risk, CFCC, Group Internal Audit and other;
  • External :

  • Prudential Regulation Authority (PRA) and local regulators
  • The Group's external auditors
  • KNOWLEDGE AND SKILLS :

  • Market Knowledge : Experience in the banking industry, including demonstrated success in a similar role. Knowledge of Traded Risk is essential, with in-depth knowledge and experience of Operational Risk.
  • Prior exposure to EORP is preferred, though not mandatory.
  • Business Strategy and Model : Ability to appreciate the wider context, spot key risks & potential implications, and identify appropriate controls to mitigate risks.
  • Experience of spotting linkages and understanding the connections between processes.

  • Risk Management and Control : Demonstrated ability to understand the potential operational risks associated with processes, with experience of designing and implementing suitable controls to effectively manage such risks.
  • Well-organised and able to co-ordinate input from others. Expertise in process design and control.

  • Regulatory Framework and Requirements : Awareness and understanding of the regulatory framework in which the firm operates, and how this feeds into the control environment.
  • Awareness of regulatory concepts such as market risk capital requirements, Risk Weighted Assets (RWAs), stress testing.

  • Non-technical Skills : Significant relationship management experience with external stakeholders at the most senior levels.
  • Strong communication skills, excellent interpersonal skills and multi-cultural awareness and sensitivity.

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