Job Summary
Embark on an exciting opportunity to drive innovation and shape the future of managing risk in Standard Chartered. We are seeking a dynamic individual to act as the Lead in an ongoing Risk transformation program focused on improving the management stress capabilities in the credit risk area within the bank and especially within Risk. The role holder will work directly with the Global Head, ERM, Regional Head ERM and Enterprise Risk Analytics, CIB and WRB Credit Officers and Program resources to deliver the strategic state and transiting the program into BAU.
Strategy
· Lead design of analytical tools/models to allow performance of rapid stress testing analysis in the CIB/WRB book with a focus on forecasting detailed financial statement under stress and estimating impacts on key risk measures such as RWA and ECL
· Lead engagement with Vendors for development of analytical tools
· Identify key risk areas and potential actions that can be taken through review of Management Stress Test Results generated from GCFO or Risk Stress Testing tools
· Partner with 1st and 2nd line of defence to identify common requirements related to portfolio analysis and drive consistency
Business
· Engage with business to discuss and agree actions to be taken based on insights gained through review of Management stress test results
· Engage business and credit teams to gather and prioritise evolving requirements to be developed. Ability to succinctly present the output of management stress test to various committees and risk forums.
Key Responsibilities
Processes
· Design solutions for Management Stress Testing capabilities for CIB/WRB Credit
· Act as Product/System owner of infrastructures developed for Risk Portfolio analytics
· Review and adjust results from agreed regular MSTs and identify key insights and actions
· Coordinate and review production of relevant papers for working groups and committees
· Drive automation initiative wherever possible to reduce manual dependencies in the process
· Document the newly developed processes and establish good practices in the team to ensure it complies with the strategic objectives of the organization while managing risk effectively.
· Support in program management activities as required
People & Talent
· Lead and develop the Risk Portfolio Analytics team across all markets
· Develop and leverage a strong network across the three lines of defence and across all businesses and markets
· Managing excellent relationship through an established engagement model with all stakeholders with ‘Think Client’ Approach
· Always have an eye for Process Improvements and Innovations with an objective to ‘Simplify’, while still maintaining the value delivered
· Have an attitude to create a Collaborative Team Environment with ‘Human’ element to build the function for the long-term
Risk Management
· The ability to interpret the Group or country CIB/WRB Credit Information, identify key drivers and key risk areas based on this information and put in place appropriate controls and measures including analysing and interpreting stressed financial statements, credit grades, RWAs and ECLs.
· Demonstrate a clear understanding and ability to manage data quality and other data-related risks.
Governance
· Ensure compliance with the Group’s policies and procedures, and the regulatory framework.
· Maintain appropriate documentation and controls for modelling, reporting, and analytics.
Skills and Experience
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.
· Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
Key stakeholders
· CIB/WRB Credit
· CPM
· CCIB Modelling teams
· Risk and CFCC Data Strategy Team
· Risk and CFCC Change teams
· Technology
· Group Finance
· Country CROs
· Enterprise Risk Management – SRMG and Scenario Design
Our Ideal Candidate
· 12+ Years of experience in Credit Risk
· Bachelor's or Master's university degree in a quantitative field such as mathematics, statistics, economics, finance, computer science or a related discipline
· Knowledge of regulatory frameworks and Banking regulations, more specifically related to Credit RWA, IFRS9 ECL, ICAAP
· Experience in supporting Finance/Risk/Regulatory Change initiatives and projects in a fast evolving environment
· Strong analytical mindset with excellent analytical, logical, reasoning and problem-solving skills including solid understanding of advanced mathematical concepts and programming languages such as Python or SAS
· Experience of working with multiple stakeholders; Managerial Information design and operation.
· Experience of working under pressure to produce high quality reporting in a highly controlled environment
Role Specific Technical Competencies
· SAS, Python, R and Excel skills
· RWA/ECL Knowledge
· Stress Testing knowledge
· CCIB Credit Knowledge
· Experience of producing portfolio insights for management consumption
· Experience of working under pressure to produce high quality reporting in a highly controlled environment
About Standard Chartered
We're an international bank, nimble enough to act, big enough for impact. For more than 170 years, we've worked to make a positive difference for our clients, communities, and each other. We question the status quo, love a challenge and enjoy finding new opportunities to grow and do better than before. If you're looking for a career with purpose and you want to work for a bank making a difference, we want to hear from you. You can count on us to celebrate your unique talents and we can't wait to see the talents you can bring us.
Our purpose, to drive commerce and prosperity through our unique diversity, together with our brand promise, to be here for good are achieved by how we each live our valued behaviours. When you work with us, you'll see how we value difference and advocate inclusion.
Together we:
· Do the right thing and are assertive, challenge one another, and live with integrity, while putting the client at the heart of what we do
· Never settle, continuously striving to improve and innovate, keeping things simple and learning from doing well, and not so well
· Are better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term
What we offer
In line with our Fair Pay Charter, we offer a competitive salary and benefits to support your mental, physical, financial and social wellbeing.
· Core bank funding for retirement savings, medical and life insurance, with flexible and voluntary benefits available in some locations.
· Time-off including annual leave, parental/maternity (20 weeks), sabbatical (12 months maximum) and volunteering leave (3 days), along with minimum global standards for annual and public holiday, which is combined to 30 days minimum.
· Flexible working options based around home and office locations, with flexible working patterns.
· Proactive wellbeing support through Unmind, a market-leading digital wellbeing platform, development courses for resilience and other human skills, global Employee Assistance Programme, sick leave, mental health first-aiders and all sorts of self-help toolkits
· A continuous learning culture to support your growth, with opportunities to reskill and upskill and access to physical, virtual and digital learning.
· Being part of an inclusive and values driven organisation, one that embraces and celebrates our unique diversity, across our teams, business functions and geographies - everyone feels respected and can realise their full potential.
Recruitment Assessments
Some of our roles use assessments to help us understand how suitable you are for the role you've applied to. If you are invited to take an assessment, this is great news. It means your application has progressed to an important stage of our recruitment process.
Visit our careers website www.sc.com/careers
