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Lead the CCR (Counterparty Credit Risk) work stream for enterprise-wide stress tests and ensure the timely delivery of the stress test results by conducting the CCR stress test, defining methodology, establishing documentation and governance standards, presenting to the senior management for final approval.
Support the Head, Traded Credit Risk in the Global Counterparty Credit Risk Forum (GCCRF) and
Deliver stress tests CCR and CCP stress test to meets to meet regulatory requirements.
Carry out the EST stress testing analytics work for CCR exposures.
Ensure compliance to EST procedures, methodologies and controls.
Manage any all governance related aspects of Enterprisewide stress testing.
Drive process improvements and best practices for more efficiency and productivity.
The Role Responsibilities
Enterprise-wide Stress Testing (EST) Agenda
Ensure the CCR stress test delivery 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 to presenting the final deck for stakeholder's sign-off.
Present 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 and regulator respectively on CCR stress testing related queries.
Present 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.
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 and etc.
Develop internal relationships with the wider Enterprise 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.
Manage and train young and dynamic team.
Groom and guide them to deliver high quality EST submissions.
Our Ideal Candidate
Relevant work experience.
Degree in Math, Statistics, Finance and Economics, preferably at Master degree Deep knowledge and understanding of derivatives, financial markets (FM) and systems.
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.
Strong analytical and problem-solving abilities.
Excellent inter-personal skills; comfortable in building relationships at senior levels and across borders, with outstanding written and oral communication skills.
Confident self-motivated person with a high level of drive and ability to operate in a fast paced environment
Independent, proactive and attentive to details;
Business Strategy and Model
Good understanding of the firm's business strategy and its links with stress testing.
Risk Management and Control
Understanding of risk management framework and how it translates to business strategy solution and implementation.
Governance, Oversight and Controls
Demonstrate vigilance and aptitude in employing process controls to mitigate risks to the firm.
Regulatory Framework and Requirements
Ability to comprehend the stress testing requirements as per regulatory rules.
Proficient in advanced programming including VBA, statistical modelling, analysis tools and database structuring.
Excel with understanding of macros and VBA;
Knowledge of statistical programming in SAS would be an advantage
Proficiency in Microsoft applications
Apply now to join the Bank for those with big career ambitions.
Internal Number: 6490146
About Standard Chartered Bank
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