Senior Manager , Stress Testing

Job Summary

•    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 stress test outcomes – coordinating with various teams within the Stress Test Execution team to ensure quality credit risk & finance 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 & finance 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 & 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 Credit Risk 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 credit risk stress 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 with a focus on the banking book
•    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.

Stress Testing preparation    
•    Preparation work before stress projection in SBAP
•    Prepare the kick-off pack and coordinate the set up for the kick-off meeting

T0 reconciliation
•    Perform T0 reconciliation against financials; and resolve discrepancies with the Data team
•    Review the T0 data mapping at different granularity (e.g. product, currency, country etc.) for reasonableness
•    Work with Group data team to manage down the size of the edge cases
•    Adjust for gaps not included in the numbers provided by data team

Stress Testing Model Execution    
•    Execute the models from end-to-end, from T0 and input preparation to output checking for reasonableness at high level
•    Prepare the T0 which are not provided by data team. The data will be sourced from Reg return / financial statements
•    Prepare the scalars for input tables and fine-tune the results in subsequent model runs
•    Execute the full model run, prepare the mapping for the financial summary by linking it to model output for review
•    Check with teams who conduct external projections (e.g. traded risk), collect & use the EM tables

R&C Deck Preparation
•    Provide support to prepare for the R&C deck

Documentation
•    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

Data / Template Population
•    Populate the template by linking to model output & financial summary for Review

Gap Analysis
•    Coordinate the completion of the SPM gap analysis
•    Compare any changes to the regulatory instruction from the Regulator, document the changes, if any
•    Coordinate the gap analysis exercise with all workstreams - collect the gap analysis of each section from corresponding workstreams

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

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 & 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.
•    Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.

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

Skills and Experience

•    Credit Risk
•    External Reporting
•    Effective Communications
•    Process Management

Qualifications

The role holder will have experience in:

•    Regulatory analytics in the financial services industry
•    Good knowledge of Retail and/or Wholesale Credit Risk Stress Testing/IFRS9 framework
•    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.

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.