Manager Scenario Design Job Vacancy in Standard Chartered Bengaluru, Karnataka – Updated today

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Full Details :
Company Name : Standard Chartered
Location : Bengaluru, Karnataka
Position :

Job Description : Job: Finance
Primary Location: Asia-India-Bangalore
Schedule: Full-time
Employee Status: Permanent
Posting Date: 01/Mar/2022, 10:11:21 PM
Unposting Date: Ongoing

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.
The Role Responsibilities
PURPOSE:
The role holder will be a part of Manager in the Scenario Design Team within the Stress Testing hub in Bangalore. The Scenario Design Team (SDT) is involved in designing, maintaining and enriching stress scenarios for the Bank group, country-level stress tests and regulatory stress exercises. The SDT also maintains and develops the baseline scenario every quarter. 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 enterprise stress testing hub is also the centre of excellence for all strategic changes and operational controls, compliance attestation and policy setting for stress testing in the enterprise.
The SDT is responsible for generating and/or rolling over the country-level and bank group-level economic stress scenarios which acts as an important input into the broader stress testing engines.
The candidate has to have a strong grasp on economic concepts such as growth dynamics, interest rates, prices (inflation drivers) and government debt. The candidate should be able to help design and maintain scenarios across countries and be able to interact with in-country experts on economic matters specific to those countries’ scenarios.
The candidate is expected to help in prepare and enrich scenarios for the purpose of various stress test outputs in enterprise stress testing exercises for the Group as well and Countries (covering all the Group, Regions and Countries). The candidate is also supposed to work with group team in creating scenarios for climate risk stress test.
Primarily the candidate will support Quarterly Management Stress Tests by expanding and rolling forward scenarios on a rolling basis every quarter.
This would include understanding regulatory asks, mandated macroeconomic paths, and expand the scenario when required. It will entail understanding the existing tools, improving upon them and developing new repository of scenarios which can be used with quick turn-around time. The candidate should ensure proper governance mechanism is built and maintained for scenarios that the team builds.
Help the team prepare slides and research content supporting the respective scenarios developed.
Ensure compliance with the Operational Risk Framework requirements and that quantitative controls are in place and executed in full.
Drive improvements in the scenario 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.
Working knowledge of coding in statistical packages (such as ‘R’) would be preferable.
This is a rapidly evolving space so the role holder must be comfortable with ambiguity and change.

Business
The role holder is responsible for the following in undertaking the role:
Deliver on the scenario requirements for the Enterprise-wide Stress Testing (EST) exercises across the Group.
Carry out the EST stress testing analytics work for the group.
Ensure compliance to EST procedures, methodologies and controls.
Manage any all governance related aspects of the execution of scenario building.
Drive process improvements and best practices for more efficiency and productivity.
Deliver adequate documentation on stress testing methodology subject to management, model validation, audit & regulatory scrutiny.
Deliver on the operational risk framework for the scenario enrichment.
Work towards building an efficient processes for the scenario development process and consumption of data by downstream systems like SSplice and SBAP.

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
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
Scenario design team in London.
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
The role holder will have experience in:
Good understanding of macro economics is essential.
Comfortable with various macro-econometric approaches.
Awareness 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.
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.

ROLE SPECIFIC TECHNICAL COMPETENCIES
Results orientated, with attention to detail – Advanced
Excellent inter-personal skills; comfortable in building relationships, with outstanding written and oral communication skills with high competency in MS Word, Excel and PowerPoint – Advanced
Confident self-motivated person with a high level of drive and ability to operate in a fast-paced environment – Advanced
Good problem identification skills coupled with an analytical and pragmatic approach to proposing solutions – Advanced
Knowledge of and direct experience in stress testing at a major international bank, could be in a specific workstream such as market risk or credit risk, or at a group level, such as group risk or group finance. This should include Bank of England, HKMA, MAS or CCAR – Advanced
Forecasting and Modelling Skills – Advanced
Good working knowledge in SAS and MS Excel (Pivot Tables) to be able to use these on day 1 – Core
Experience with data reporting tools (Tableau, PVT) and the like – Core
Strong IT skills such as SQL, VBA, Access skills are advantageous – Core

Apply now to join the Bank for those with big career ambitions.
To view information on our benefits including our flexible working please visit our career pages. We welcome conversations on flexible working.

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