Senior Manager, Traded Market Risk, India

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Senior Manager, Traded Market Risk, India

senior · Risk & Compliance

Job Summary

• To ensure the Risk Management Framework is effectively communicated and implemented across the Traded Products and for administering related governance and reporting, and improvement of Group Policies and Processes
• To exercise direct Risk Control and Monitoring Ownership for Market & Traded Credit Risk across FM businesses.

Key Responsibilities

Strategy
Appraise and contribute to the development of Bank’s strategic plans and alignment with risk appetite through supporting Manco members and other executives. 

Market Risk Officer

Main objectives:
• To effectively manage trading floor market risk taken by the trading floor front office staff
Monitor & control the Trading Risk profiles of both Treasury Markets and Financial Marketses and FIs
• Provide analysis of complex transactions and business proposals
• Using delegated authorities (Corps, FI, NBFI) to approve excesses, temporary and permanent limit increases for time sensitive, transaction specific requests generated by the trading floor front office staff
• Primary business contact point for issues concerning Derivative Instruments (vanilla & complex), Money Markets <31days, Settlement ( FOP, Extended, DVP), Bond & Loan Underwritings, and Single Issuer Limits (Secondary Trading in Loans, Bonds, Equities & credit derivatives)
• Assist in setting Regional and Global policies for Traded Credit Risk
• Ensure standardization and consistency of the risk process across the region
• Manage the transactional approval process for Credit Risk for the trading business
• To ensure that risks taken by the business are within guidelines & policies
• Maintain an open and cooperative relationship in dealings with regulators and auditors.
• Partner with both the trading business and relationship teams to ensure that counterparty limits are properly set, and managed

Key Focus Areas

• Develop and implement proactive monitoring of risk in the trading portfolios
• Maintain alignment with risk appetite by rebalancing of risks or controls that may be required in response to internal and external factors 
• Work with other Risk units to identify deteriorating credits and provide an effective early warning system.
• Coordinate closely with other Risk officers to ensure effective management of credit portfolios.
• Take proactive role to activate strategies to manage risk exposures down as required and control/mitigate settlement risk
• Contribute to and drive development/implementation of key policy initiatives.
• Ensure global and regional business and product heads and all Risk Control Owners understand and accept their risk management responsibilities through Financial Markets’ local and regional committees.
• Provide input for stress test on commodity price, foreign exchange, interest rate, and scenario programme in Jump Risk.  Review the results and assess their implications.  
• Coordinate with the business on issues surrounding new product development so that these risks can be properly booked, valued and risk managed
• Work closely with other Risk functions on issues surrounding systems development, risk control and new generation reporting
• Ensure standardization and consistency of the risk process
• Maintain world class expertise, knowledge sharing and talent development
• Work in partnership with Market Risk Management so that risk is properly managed on a holistic basis. 
• Develop close working relationship with product Control, Compliance and Legala

Business
• Communicate the strategic intent and collective agenda for the Function with respect to Traded Risk governance and regulatory engagement
• Maintain and develop the Function’s capabilities, skills and infrastructure to meet ongoing business needs and plans for Traded Risk governance and regulatory engagement
Processes
• Support the effective management of operational risks within the Traded Risk Function and compliance with applicable internal policies, and external laws and regulations
• Continuously improve the operational efficiency and effectiveness of Traded Risk processes.
People & Talent
• Set and monitor job descriptions and objectives for direct reports (if any) and provide feedback and rewards in line with their performance against those responsibilities and objectives
• Uphold and reinforce the independence of Traded Risk function from those whose primary responsibility is to maximise short-term revenues and profits. 
• Lead by example and build the appropriate culture and values within Traded Risk function.
Risk Management
• To ensure the Risk Management Framework is effectively communicated and implemented across the Traded Products and for administering related governance and reporting, and improvement of Group Policies and Processes

Governance
• Implement the overall Risk Management Framework for Traded Products and oversee its effective application.
• Assisting in contributing to the Banking Risk Committee, Credit Issue Forum, and Underwriting Committee to provide input to the committees on arising risk issues and new policies and processes.
• Ensure global and regional business and product heads and all Risk Control Owners understand and accept their risk management responsibilities through Financial Markets’ local and regional committees.
• Maintain an open and cooperative relationship in dealings with regulators and auditors.
• Manage Appropriateness and Suitability according to the Bank’s policies and procedures.

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 Traded Risk 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
Internal:
• All staff in Financial Markets, FM Trading, FM Sales.
• Risk MANCO members
• Group Traded Risk
• Global, Regional Credit Officers, Senior Credit Officers and Senior Managers Credit
• Group Credit Limit Monitoring & Control and Credit Risk Analytics Team
• Business and Product Heads
• Group Internal Audit
• Group Operational Risk
• Group Legal and Compliance
• Other Group Head of Control Functions

External:
• Key local regulators in the region 
• The Group’s external auditors
• Counterparts in major financial institutions
• Local governance bodies

Skills and Experience

• Good understanding of the Global Markets
• Prior experience in exercising delegated credit authority
• Acts to remove barriers and implements to delivery of business/support objectives
• Possesses high degree of team spirit and support skills
• Possesses strong interpersonal skills for dealing with the many internal business and support units
• Possesses strong organizational skills
• Ensures that personal actions promote the standing and status of the organization

Qualifications

• Strong acknowledge of trading floor products (credit, f/x, rates and derivatives) and markets
• University degree in finance or business related field.  CA, CFA, FRM degree holder preferable. 
• Strong credit training
• Business focused
• 3 years experience
• Demonstrated leadership ability
• Strong IT skills (Excel, Word, Bloomberg and Power Point)

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.

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