Job Summary
This role could be based in Singapore and UK. When you start the application process you will be presented with a drop down menu showing all countries, please ensure that you select a country where the role is based
This is a stress testing role that sits within Group FP&A. Stress testing is a comprehensive process that evaluates the capital adequacy and liquidity position of a bank under a severe but plausible stress scenario. Stress testing at the group level covers important regulatory exercises annually such as Group ICAAP, the BoE Bank Capital Stress Test, Recovery Plan Stress Test as well as ad hoc management stress tests. The scope for this role is primarily Group (with other legal entities as required in relevant exercises) and the coverage is the impact of stress on a range of liquidity metrics such as Liquidity Coverage Ratio (LCR), Net Stable Funding Ratio (NSFR), internal risk appetite liquidity metrics etc.
Key Responsibilities
Regulatory Deliverables
• Execution and delivery across all enterprise stress tests required by the BoE/PRA (including ICAAP stress test, Bank Capital stress test, Recovery Plan stress test, Valuation in Resolution, Biennial Exploratory scenario stress test) for the liquidity workstream
Stress Test Process
• Ensure timely production of liquidity workstream results and associated regulatory submissions (both qualitative and quantitative)
• Socialise results with stakeholders through a robust review and challenge process
• Analyse and prepare liquidity results for internal governance forums and various senior Committees.
• Comply with the Enterprise Stress Test Policy and Standard and other relevant policies and standards (like model risk, data quality, end user computing etc)
• Manage changes in data/systems and/or the process stemming from change in regulations, business requirements, methodology etc.
• Partner with members of the broader Stress Testing, Treasury, Finance, Risk and Technology teams
BAU Risk Management
• Support liquidity workstream results for downside scenarios to the BAU macro environment and effectively help shape the Corporate Plan
Strategy
• Awareness and understanding of the Group’s business strategy and model appropriate to the role
Business
• Awareness and understanding of the wider business, economic and market environment in which the Group operates
Processes
• Responsible for processes linked to the liquidity workstream of the Stress Testing process
Risk Management
• The ability to interpret financial outcomes from the stress testing process and identify risks and opportunities to highlight to stress testing governance forums and committees
Governance
• Awareness and understanding of the regulatory framework, in which the Group operates, and the regulatory requirements and expectations relevant to the role
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
• Bank of England, Treasury Liquidity, Treasury Recovery Planning, Treasury Capital Risk Oversight, FP&A stress testing teams, Stress Testing Change and Technology, Broader team within FP&A
Our Ideal Candidate
- 10+ years’ experience in banking industry and Finance / Liquidity reporting will be 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
- Demonstrate knowledge of regulatory stress testing such as ICAAP or Recovery Plan;
- Understanding of project management / technology change preferred;
- Degree in a numerate discipline (e.g. accounting, statistics, economics, mathematics or financial engineering), CFA, FRM and PRM will be considered favourably
Role Specific Technical Competencies
• Knowledge on Liquidity
• Knowledge on Balance Sheet
• Excel
• Critical Thinking and Analytical skills
• Communication and Presentation skills
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.
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
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