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Job Summary
RRSD Unit faces the Group Risk Function with a peripheral support to CEO CIB Function. It handles wide spectrum of activities to support the Enterprise Risk Analytics, Traded Risk Management, Risk & Compliance Reporting teams of the Group Risk. The unit is also currently expanding itself to support the CEO CIB Office with Credit Portfolio Management. Various sub-units underneath RRSD are listed below:
Key Responsibilities
Strategy
- Help to ensure appropriate BAU controls being established and deployed effectively in GBS.
- Help to support new Business requests through Product programmes and Country addendums
- Help to look for possibilities of leveraging on synergy within the various processes through automation thereby bringing in improvements.
Business
- Help the team to pursue the strategic intent and agenda for RRSD
- Help to improve client experience through more efficient and effective processing in tandem with Risk, Client Coverage and Front Office users
Processes
- Enterprise Risk Management
- Risk & Compliance Reporting
- Counterparty Credit Risk Reporting (CCRR)
Counterparty Credit Risk Reporting
Counterparty Credit Risk Reporting is responsible for generating risk reports used for identifying, assessing, and mitigating risks associated with counterparties, including financial institutions, corporations, and other entities. The role involves supporting counterparty credit risk managers by providing risk reports that monitor counterparty credit risk metrics on a timely manner. Which covers generating Financial Markets Credit Exposure reports covering risk metrics like Potential Future Exposure (PFE)/ Derivative Loan Exposure (DLE)/ Current exposure etc. Team monitors pre-settlement, settlement and post settlement risk. Risk reporting involves daily, weekly, bi-weekly, monthly and quarterly reporting that is circulated within the bank and also reporting that goes for regulatory submission. Global, regional, local and legal entity wise reporting are handled by the reporting team members.
OTC, SFT and ETD products exposure monitoring is done on a daily basis. Reporting team monitors risk exposures against limit and Risk Appetite. Team works closely with risk managers for excess remediation and risk reporting queries. Reports prepared by the team provides meaningful aggregation for users to review the top and regional data where required.
CCR Reporting team and team members are also responsible for preparing reports across various financial market products like Asset Backed Securities across desks for monitoring risk against the portfolio limits. Risk reports to monitor repo and reverse repo products to capture all Fixed Income Securities financing trades covered under Repo/Reverse Repo/Stock Borrowing/Stock Lending Businesses are generated by the team on a daily basis.
Reporting team also monitors risk appetite across FM for Secured Financing business monitoring Cash out on a bi-weekly basis. Counterparty credit risk stress monitoring reports are also handled by the team to monitor CCR NCE Increase and covers global and topical scenario. CCR Localised Stress Dashboard is used to monitor the Red, Amber, and EANPP counterparties from Localised Scenarios on a weekly basis.
CCR reporting team members will work closely with RFO, FM Operations and Risk Data Quality teams etc to ensure accurate risk reporting, data sourcing and approval of risk numbers. Team also monitors SCB’s exposure to various clearing houses and clearing brokers.
Top 100 Counterparty Credit Exposure Reporting is a weekly/ monthly reporting requirement from PRA which handled by the team. The data is collated by PRA on behalf of European Banking Authority which is keen on understanding the movement of funds between large Corporate Groups, FIs and Government bodies because of transactions done on Global Market Products.
Apart from above mentioned risk reporting team covers an array of different exposure management and MIS reports that reach a gamut of TRM personnel and often under scrutiny and changes.
• The production and distribution of daily, weekly & monthly Counterparty Credit Risk reports, within defined KPI targets and record keeping of any data adjustments made.
People & Talent
- Compliance with all relevant process procedure, guidelines, rules & regulations
- To work and solve problems independently and be able to work in a deadline‑oriented environment
Risk Management
- Embed new Operational Risk framework into monitoring processes and report any escalations to Management.
- Monthly monitoring of CST and performance measurement of KCIs
Governance
- Work closely with Operational Excellence & Change management team members to understand key issues and processes and drive automation of processes.
- Adherence to mandatory certifications and operational requirements
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.
Key stakeholders
- Group Traded Risk Management (TRM)
- Group Enterprise Risk Management Team
- Group Risk & Compliance Infrastructure and change management
- CEO, CIB office
- Associated Technology partners
- Business desks
- GBS Management team
Other Responsibilities
- Participate in at least 2 days of volunteering per year
- Participate in engagement activities
- Be motivated and actively engage in activities like innovation and automation initiatives
- To hold assigned roles of First Aider / Fire Warden / ADCC as appropriate and discharge the expected responsibilities.
Skills and Experience
- Manage Conduct
- Manage Risk
- Manage People
- FM Products
- Problem Solving skills
- SAS/ Python/ SQL/ Tableau
- Analytical Skills
Qualifications
• Post-Graduation in Finance with relevant 3+ yrs experience
• Risk Certifications from established institutions is recommended
• FRM Certified candidates will be preferred
• Any technical Certification in MS Office Advanced tools / SQL / Tableau / SAS/ will be preferred
General Skill Set
- Strong knowledge in banking products across asset classes (FX/Rates/ Equity/ Credit and Commodities)
- Strong knowledge in Data Analytics (Including ML capabilities)
- Awareness of trading environment, macroeconomic fundamentals, market moves & potential impact on exposures.
- Excellent communication skills - verbal and written
- Ability to work under pressure
- Have excellent attention to detail
- Be able to work in a global team
- Expertise in programming language is not required but good to have
- Strong knowledge in MS Excel, Access
- Knowledge about Market and Credit Risk
- Documentation skills
- Working knowledge of the Group’s businesses, governance structure and approach to risk management.
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.