AVP - CCR, Stress Testing

The Role Responsibilities

Job Role

The role holder will be a part of the stress testing hub 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 candidate is expected to prepare quantitative stress test outcomes – coordinating with various teams within the Stress Test Execution team to ensure quality credit risk and finance stress test outputs in enterprise stress testing exercises (covering all the Group, Regions and Countries).

The successful candidate for this position will work with the CCR (Counterparty Credit Risk) Stress Testing work stream for enterprise-wide stress tests and ensure the timely delivery of the stress test results by conducting the CCR stress test, collaborating on methodology definition, maintaining documentation and governance standards. Support the Head, Traded Credit Risk in the Global Counterparty Credit Risk Forum (GCCRF) and on board to the hub team CCR stress testing modules for countries.

They will execute stress tests CCR and CCP stress test to meets to meet regulatory requirements and manage all governance related aspects of enterprise-wide stress testing from Execution perspective. They will drive process improvements and best practices automate manual processes for more efficiency and productivity 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.
• Build strong relationships with Credit Risk and finance workstream leads and owners who are based in global locations.
• 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.

Key Responsibilities

The role holder is responsible for the following in undertaking the role
• Deliver on the CCR requirements for the Enterprise-wide Stress Testing (EST) exercises.
• Carry out the EST stress testing analytics work.
• Ensure compliance to EST procedures, methodologies and controls.
• Manage all governance related aspects of the execution of CCR stress testing.
• Drive process improvements and best practices for more efficiency and productivity.
• Lead and manage the support staff necessary for the production of CCR stress calculation.
• Support development and maintenance of underlying models to enhance CCR stress testing methodology.
• Deliver adequate documentation on stress testing methodology subject to management, model validation, audit and regulatory scrutiny.
• Deliver on the operational risk framework for the CCR stress test process.

Business

The role holder is responsible for the following in undertaking the role
• Ensure the CCR stress test execution of EWST exercises (Group ICAAP and BoE stress test) within agreed timelines. This includes owning the end-to-end process from performing the stress test and support presenting the final deck for stakeholder’s sign-off.
• Ensure the CCR stress test execution of country exercises within agreed timelines. This includes owning the end-to-end process from performing the stress test and presenting the final deck for stakeholder’s sign-off.
• Support presentation of the EWST stress results for internal review and challenge and subsequently the Accountable Executive within the agreed timelines for challenge and sign-offs.
• Manage communication with all internal and external stakeholders like senior management on CCR stress testing related queries.
• Support in presenting the CCP (Central Counterparty) and CCR stress results at the working group and committee level for reporting of losses / impairments, CCR RWA, CVA RWA and excess EL.
• Take a more front ending role in country tests for CCP (Central Counterparty) and CCR stress results at the working group and committee level for reporting of losses / impairments, CCR RWA, CVA RWA and excess EL.
• Report, monitor and perform regular and ad-hoc investigation on stress test results and wrong way risk for the Derivatives portfolio.
• Perform regular stress tests and assess the qualitative and quantitative impacts on balance sheet, profit and loss and capital ratios. Also, provide ad-hoc analysis when requested through writing and submitting papers to Group committees.
• Review, update and maintain EWST and traded risk models/methodologies related to CCR stress testing. E.g. CCP stress test model, stress CVA RWA model and etc. to ensure they are compliant with regulatory and internal audit and governance requirements.
• Co-ordinate with MTCR (Market and Traded Credit Risk) CCRM (Counterparty Credit Risk Models) and Risk infrastructure team to review stress sensitivities / scenarios and implement stress tests aligned with regulatory requests.
• Provide input, insight and management to ensure that strategic infrastructure programs will deliver to the CCR business vision.
• Ensure that any CCR stress testing related policies and procedures, model standards, specifications documents, templates and processes are kept up-to-date.
• Adhere to the completeness of Operational Risk Control activities and comply with internal audit and governance standards including EUC policy, procedure documentation, etc.
• Develop internal relationships with the wider Enterprise Risk function, Country Risk Function and externally with the other teams within the Risk function including Traded Risk, Risk Measurement, Risk infrastructure and governance.
• 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.
• Ensure compliance with governance related aspects of EST production and delivery.

Processes

The role holder 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

The role holder 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
• Coordinate the completion of the ICAAP document.
• Group ICAAP Pro forma and Country template - compare with last year's templates and highlight the changes.
• Populate the draft Country template using the SBAP data + data from financial summary for review.
• Coordinate the completion of the document, provide regular status update.

Regulatory and 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 Stress Testing 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.
• Exercise authorities delegated by the Board of Directors and act in accordance with Articles of Association.

Key Stakeholders
• Stress Testing Team
• Enterprise Risk Management members
• Key Finance and Risk colleagues
• Business leadership
• Stress Testing Transformation Programme Team
• Key operations and technology partners / vendors

Our Ideal Candidate

The role holder will have experience in
• Regulatory analytics in the financial services industry
• Knowledge of regulatory frameworks and Banking regulations
• CFA / FRM certification will be preferred
• Working across geographies and time zones
• Excellent oral, written communication, and presentation skills
• Robust skills for qualitative and quantitative analysis e.g. financial and process
• Understanding of SCB’s key footprint markets will be added plus
• Knowledge of SAS / Python / SQL is an added advantage

The role holder should comply with all mandatory e-learning as prescribed from time to time.

Role Specific Technical Competencies
• Subject matter expertise and experience in the calculation of traded products exposure under normal and stressed market conditions
• Subject matter expertise in the calculation of CCR RWA and CVA RWA
• Experience in the development of strategic infrastructure and the translation of business vision into strategic requirements
• Subject matter expertise and experience in the building of large data solutions and the implementation of functionality on those solutions in order to support the business strategy
• Experience in understanding (and communicating to the business) the implications of IT decisions and delivery on the ability of the business to support business processes
• Experience with data reporting tools (Tableau, PVT) and Excel with understanding of macros and VBA
• Proficient in advanced programming including VBA, statistical modelling, analysis tools and database structuring
• Process Management
• Financial Analysis
• External Reporting

About Standard Chartered

We're an international bank, nimble enough to act, big enough for impact. For more than 160 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
• Be better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term

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, parental / maternity (20 weeks), sabbatical (12 weeks maximum) and volunteering leave (3 days), along with 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.

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Visit our careers website www.sc.com/careers

Job: Audit, Accounting & Finance

Primary Location: Asia-India-Bangalore

Schedule: Full-time

Employee Status: Permanent

Posting Date: 25/Oct/2023, 11:46:01 AM

Unposting Date: Ongoing