• VP, Portfolio Risk - Data Jobs in Bangalore,India

  • Standard Chartered Bank Ltd
  • Save Job
  • 0 - 3 Years
  • Posted : above 1 month

Job Description:

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 Its 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

Were 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

The role holder will be a part of the new stress testing hub being created 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 Banks regulators

The team has responsibility for the execution of the Banks 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 credit stress test outcomes coordinating with various teams within the Stress Test Execution team to ensure quality credit risk stress test outputs in enterprise stress testing exercises (covering all the Group, Regions and Countries)

In addition, he/she should be able to provide valuable inputs to help identify opportunities to improve on credit risk stress testing current processes 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 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

Business

The role holder is responsible for the following in undertaking the role

Deliver on the Credit Risk requirements for the Enterprise-wide Stress Testing (EST) exercises across the Group
Carry out the EST stress testing analytics work for Retail Clients, Private Banking and Corporate and Institutional clients
Interface with Traded Risk stress testing colleagues where necessary and provide them with necessary quantitative outputs to conduct their stress tests (Market Risk, Counterparty Credit Risk, Structured Finance)
Ensure compliance to EST procedures, methodologies and controls
Manage any all governance related aspects of the execution of credit risk testing
Drive process improvements and best practices for more efficiency and productivity
Lead and manage the support staff necessary for the production of credit risk stress calculation for with a focus on the banking book (this could be in one or all of wholesale, retail and private banking / wealth management)
Support development and maintenance of underlying models to enhance credit risk stress testing methodology
Deliver adequate documentation on stress testing methodology subject to management, model validation, audit & regulatory scrutiny
Deliver on the operational risk framework for the credit risk stress test process

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 Groups 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 Banks 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

Stress Testing Team
Enterprise Risk Management members
Key Risk colleagues
Business leadership
Risk Transformation Programme Team

Key operations and technology partners / vendorsOther Responsibilities

As delegated by line management from time to time

Our Ideal Candidate

The role holder will have experience in

Regulatory reporting in the financial services industry
Knowledge of regulatory frameworks and Banking regulations
CFA/FRM certification will be preferred
Working across geographies and timezones
Excellent oral, written communication and presentation skills
Robust skills for qualitative and quantitative analysis eg 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 SCBs key footprint markets will be added plus

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

Apply now to join the Bank for those with big career ambitions

Profile Summary:

Employment Type : Full Time
Eligibility : Any Graduate
Industry : Banking
Functional Area : Banks/Insurance/Financial Services
Role : Risk/Credit/Economic Analyst
Salary : As per Industry Standards
Deadline : 07th Jan 2020

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