Job Summary
Strategy
• The Senior Risk Manager role exists to support the Automated Trading market risk management .
• Take a forward-looking perspective, taking into consideration external events which may be material. Ensure appropriate management action is being taken to mitigate their impact.
• To ensure the regulations, Risk Management Framework and internal policies/standards are effectively communicated and implemented.
• Develop proactive engagement with the business, Risk Committees in pursuit of balanced risk / return via discussions on Financial Market risk exposures and limits
• To drive change in the Automated Trading in collaboration with other parts of the business, risk and group risk functions..
Business
• To support the Automated Trading business in the management of Traded Market Risk.
• Engage business on material changes and agree on ex-ante and ex-post Traded Risk controls, tracking the developments to completion.
• Highlight key Traded Risk related concerns to various committees and risk forums.
• Collaborate with business and other control functions to enhance and streamline the Automated Trading risk management governance process.
• Contribute to the Group’s annual Internal Capital Adequacy Assessment Process (‘ICAAP’) Automated Trading workstream
Processes
• To enhance processes within the Traded Risk team to manage the risk of Automated Trading systems.
• Assess new Automated Trading systems and co-ordinate with individual asset class risk managers to ensure that Trading Risk profile of the system is within risk appetite.
• Assess enhancements to existing Automated Trading systems to ensure that adverse changes in Trading Risk profile are highlighted and appropriately treated before the enhancement is enabled in production environment.
• Advise business in the calibration of limits for Traded Risk controls and review any changes.
• Participate in the Automated Trading Governance Forum and bring to the forum’s attention material Traded Risk concerns.
• Lead Traded Risk team’s review of the Automated Trading systems in the annual European Securities and Markets Authority (‘ESMA’) Regulatory Technical Standards (‘RTS’) 6 self-assessment exercise.
• Develop Stress Loss scenarios for the annual ICAAP Automated Trading workstream.
• Monitor the risk taking of the Automated Trading systems to ensure that any breach of risk appetite is followed up promptly.
Key Responsibilities
People & Talent
• Strong analytic abilities and problem-solving skills, able to provide in depth analysis on timely basis in a rapidly changing environment.
• Solid understanding of risk management concepts, techniques, internal/external data modelling, and risk management system platforms.
• Ability to present complex risk issues to senior and non-technical stakeholders.
• Good interpersonal skills, multicultural awareness, and sensitivity
• Develop and leverage a strong network across the three lines of defence and across all businesses and markets
• Always have an eye for Process Improvements and Innovations with an objective to ‘Simplify’, while still maintaining the value delivered
Risk Management
• Identify and report material key risks in the FX/O and Automated Trading space to senior management and challenge the First Line to evidence that the material risks arising from their business activities have been identified, assessed, monitored, and reported.
• Determine suitable ex-ante and ex-post Traded Risk controls for all Automated Trading systems that at a minimum meets regulatory requirements.
• Define the risk appetite for all FX/O and Automated Trading activities and monitor risk appetite breaches.
• Perform real-time monitoring on Traded Risk control triggers and follow up according to defined Rules of Engagement.
• Analyse the impact of operational incidents on Traded Risk and follow up accordingly to control Traded Risk exposures.
• Monitor internal and external events material to the trading book and highlight hot spot risk to the management.
• Identify and escalate new and emerging risks that could be material to the Group
• Perform market risk related control, including investigation of all limit excesses and escalating limit breaches.
• Review of data quality of risk factors used for VaR computation
• Support the Group’s annual Internal Capital Adequacy Assessment Process (‘ICAAP’) Automated Trading workstream
Governance
• Support business growth objectives in foreign exchange, whilst ensuring the business continues to meet risk and control requirements and remains on strategy.
• Develop and maintain risk identification and measurement capabilities which are objective, consistent, appropriate to the business and compliant with applicable regulations. Ensure that material risk exposures and related issues for foreign exchange are reported to the responsible risk governance committees and to the Board Risk Committee
• Work with senior management to ensure compliance with regulatory requirements.
Skills and Experience
• 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.
• 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.] *
Key stakeholders
Internal:
• First Line stakeholders including Global Head of Macro Trading, Business and Product Heads
• Operations and technology partners / vendors
• Model Owner
• Model Developers
• Group Internal Audit
• Group Operational Risk
• Group Compliance
• Risk Reporting Team
External:
• Key regulators in the region
• The Group’s external auditors
Our Ideal Candidate
• 9+ Years of experience in Market Risk Manager with detailed knowledge and understanding of financial markets and products.
• Academic Qualifications: Bachelor or above degree with quantitative skills.
• Proficient in writing and communicating across functions and with senior management.
• Experience in scripting knowledge Python, C++,
Role Specific Technical Competencies
• Market Risk
• Foreign Exchange Knowledge
• Automated Trading Knowledge
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
