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Senior Manager, Stress Testing Review

Standard Chartered Bank
Hong Kong
Posted 3 days ago Permanent Competitive
Senior Manager, Stress Testing Review
Role Responsibilities

Processes
  • Provide second line of defence oversight on all Enterprise Stress Testing related processes across the Asia region.
Direct responsibilities related to Enterprise Stress Testing Oversight and Review and Challenge for Hong Kong and Singapore consolidated entities
  • Coordinate the Bank's Risk function in completion of regulatory and internal enterprise stress tests.
  • Liaise with Group and relevant local functions such as Finance, Risk and Business functions in facilitating the setting of stress test scenario.
  • Determine stress test requirements and engage relevant stakeholders at different levels of the organisation across Risk, Finance, Treasury, Group, etc, to facilitate communication in relation to stress testing.
  • Provide governance oversight on the consolidation, documentation, and submission of stress testing results.
  • Review, challenge and clarify the stress testing outputs on an enterprise wide risk basis to ensure consistency and completeness in line with regulatory requirements.
  • Deliver clear concise reporting on stress testing results for presentation to senior committees such as Stress Testing Forum, Executive Risk Committee and Board.
  • Facilitate planned enhancements in stress testing operating model, governance and system solutions, liaising with Group counterparts and local functional teams to ensure timely identification of requirements, data sources and key contacts and support the design of the operating model.
  • Support delivery of Corporate & Institutional Banking and Commercial Banking Credit Risk and Retail Credit Risk Stress Testing Projections.
  • For other Asian legal entities, which engage in Enterprise Stress Testing
  • Provide regional analytical support for scenario design, stress loss impairments and CET1 impact analysis where needed.
Risk Management
  • Develop a keen awareness and understanding of the Group's business strategy and model to support Stress Testing.
  • Support the definition and roll out of enhanced stress testing operating model, governance and system solutions.
  • Maintain awareness and understanding of the wider business, economic and market environment in which the Group operates.
  • Identify, within stress testing activities, operational risk issues and areas of non-compliance with internal or external regulations and requirements and propose solutions to first line and escalate appropriately to ensure appropriate control framework is in place.
  • Engage with global ERA and GMV teams to ensure that Asia-specific nuances are captured in Global stress testing models and processes, advocate for inclusion on behalf of countries.
  • Ensure adequate model risk governance is followed in adopting stress testing models. Assess fundamental assumptions underlying global models; assess whether model overlays are appropriate given business and regulatory contexts, and are appropriately applied in to central stress testing platform
Governance
  • Manage the Bank's Stress Testing Forum to ensure regulatory stress testing governance requirements are fulfilled, particularly with respect to industry wide stress tests, ICAAP and Recovery Plan exercises.
  • Own the Stress Testing policy and standards.
  • Interpret requirements, expectations, and observations from regulator in relation to stress testing exercises.
  • Direct comprehensive analysis throughout the year to identify areas for improvement.
  • Participate in and provide ongoing support to audit and regulatory reviews and inquiries in relation to Stress Testing.
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.
  • Review activities against HKMA and MAS regulations in respect of Enterprise Stress Testing, identifying and proposing / implementing remediation of any gaps.
Key Stakeholders
  • Act as main point of contact for internal and external stakeholders regarding Enterprise Stress Testing from a second line of defence perspective.
External Stakeholders
  • Local and regional regulators
Internal Stakeholders
  • Country & Regional CFO
  • Country & Regional CRO
  • Country & Regional Treasury Risk Head
  • Country & Regional Governance Head
  • Country & Regional Model Governance Head
  • Country & Regional Business Heads
  • Country and Regional Function Heads
  • Country & Regional Compliance Team
  • Country & Group Internal Audit Team
  • External Auditors
Other Responsibilities
  • Embed Here for good and Group's brand and values in Stress Testing team.
  • Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures

Our Ideal Candidate
  • Bachelor's degree.
  • 10+ years experience in Banking industry.
  • Demonstrate knowledge of regulatory stress testing such as ICAAP or Recovery Plan.
  • Prior experience in Finance/Risk/Compliance/Audit/Governance and/or change management.
  • Understanding of financial reporting systems and standards (including IFRS 9), and / or project management / technology change preferred.
  • Understands complex interactions between economic and operational factors and their resulting impact to product, business line and financial results and position of the Bank.
  • Strong written and verbal communication skills including the ability to effectively communicate and collaborate with various cross functional teams at all levels.
  • Confidence in communication with senior management and in senior committees on Stress Test matters.
  • Demonstrated ability for problem solving, working independently and attention to detail.
  • Ability to use discretion and independent judgments; Ability to understand impacts of adverse economic and market scenarios.
  • Ability to facilitate discussions and conduct working group meetings.
  • Dedicated to information integrity and to producing high quality and insightful output and hitting deadlines where applicable.
  • Ability to manage multiple tasks successfully and efficiently in a fast paced, regulatory driven environment.
  • Experienced in project management.
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.
Recruitment assessments - some of our roles use assessments to help us understand how suitable you are for the role you've applied to. If you are invited to take an assessment, this is great news. It means your application has progressed to an important stage of our recruitment process.
Visit our careers website www.sc.com/careers
Job ID  2200014801
ABOUT COMPANY
London, United Kingdom
85000 Employees Corporate Banking
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 ...
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