Senior Manager, Portfolio Risk - Balance Sheet, Profit & Loss, and Tax
Standard Chartered
Bangalore, India
3d 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. Job Purpose

Candidate 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 successful candidate for this position will play a key role in supporting the development, maintenance, enhancement, and execution of the stress test models in relation to the Balance Sheet, Profit & Loss, and Tax Requirements in the Bank’s stress test exercises globally.

In addition, he / she 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 Structured Template Data (STDF) Templates, as per the requirements set out by the Prudential Regulation Authority (PRA) in the Bank of England (BoE) stress test and other similar date requirements issued by the likes of the Hong Kong Monetary Authority (HKMA) or Monetary Authority of Singapore (MAS)

Ensure that the stress testing methods employed are compliant with EST 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.

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.

The Role Responsibilities Business

Candidate is responsible for the following in undertaking the role :

Stress Testing Model execution

  • Support of the Group’s Balance Sheet, Profit & Loss and Tax modelling methodology, assumptions, compliance requirements.
  • 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
  • Ensure data quality, reconciliation, validation, consistency with various sources.
  • Interface Planning and Support

  • Execute to the timelines for each of the stress test exercises
  • Support documentation of stress test models, methodology and basis of preparation
  • Support process, controls, and documentation requirements
  • Assist to engage, influence and maintain successful working relationships with : Risk teams for all scenario and risk workstream analysis and resultsTechnology, to implement model updates into the Central Stress Testing platformWorkstream leads to prepare outputs from the models Business and other stakeholders, for source / upstream data requirements
  • Analytics and Advisory

  • Prepare presentation decks for workstream management on Stress Test results for Wholesale products
  • Analysis and benchmarking of stress and base case scenarios
  • Analyse the Group’s stress test financials for Balance Sheet and P&L, to ensure reasonableness and accuracy in projections
  • Consolidate and report results to workstream management
  • Processes

  • Candidate 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 team
  • People and Talent

  • Candidate will need to support development and stabilisation a newly formed team, working across geographies
  • 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
  • Other Responsibilities

  • As delegated by line management from time to time.
  • Our Ideal Candidate

  • 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
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