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Job Summary

The job holder will be a part of the Scenario Design Team which is involved in designing, maintaining and enriching regulatory and management macro-financial stress scenarios for the Bank at group and country level. The role is for a one-year contract basis with the potential to become permanent after the first year. As part of the second line of the Scenario Design team the job holder will be expected to review scenario narratives and projections produced by first line. This will include generating ideas about which type of scenarios to run in particular for management stress tests, producing and reviewing papers for example for Expert Panels and Committees and presenting to senior management. The role will, in particular, support the Head of the Scenario Design Team with key activities as set out below:

Key Responsibilities

Strategy

• Design macroeconomic and financial risk scenarios.
• Perform review and challenge scenarios produced by first line of Scenario Design Team.
• Contribute to committee papers, structured data requests and other internal or external scenario-related reports.
• Foster good working relationships and solicit input from Global Businesses and Global Functions and, where relevant, external vendors to enhance scenarios.
• Contribute to the development of a robust operational risk framework for scenario design processes
• Stay informed of all regulatory and industry developments related to the scenario work stream.
  
  

Business

• Broad awareness and understanding of business model and risk profile.
• Understanding of the bank’s existing enterprise risk management framework (ERMF), governance of the ERMF related requirements, wider stress testing and scenario analysis capabilities and existing processes, with an understanding of stress testing and scenario analysis approach
  
  

Processes

• Design and build controls for the Scenario analysis.
• Evaluate relevant existing controls and contribute to designing new controls as required.
• Support development of scenario database, including sourcing of internal and external data and performing data quality checks as required.
  
  

People & Talent

• Work with team members in a collaborative manner
• Foster a culture of knowledge sharing and learning
  
  

Risk Management

• Understanding of various scenario families
• Understand and translating transmission channels of macroeconomic risks into financial system impacts
• Familiarity with industry leading scenario models
• Understanding of regulatory expectations with scenarios
• Experience in dealing with large complex, change projects and/or building / delivering new capabilities
• A proven track record of liaising across diverse stakeholder groups; including senior managers, and large firm networks
• Experience with scenario expansion and/or econometric modelling for scenario analysis and stress testing purposes
  
  

Governance

• Ensure that outcomes delivered, including necessary controls are fit for purpose and meet regulatory requirements
• Ensure the Bank’s risk governance disciplines are adhered with.
  
  

Regulatory & Business 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
• Display exemplary conduct and live by the Group’s Values and Code of Conduct.
  
  

Key stakeholders

Internal

• Stress Testing
• Finance
• Treasury
• Credit Risk
• Global Research
• ERM Management Team
  
  

External

• Regulator, Consultants, Vendors
  
  

Skills And Experience

• Scenario design and expansion
• Forecasting Macroeconomic variables
• Economic/Political Risk Analysis
• Good problem identification skills coupled with an analytical and pragmatic approach to proposing solutions
  
  

Qualifications

Knowledge/Experience:

• Work experience as economist.
• Prior experience of developing projections in a banking environment, in particular, climate risk scenarios is desirable.
• Good communicator, in particular written communications in English
• Ability to explain complex matters in simple and intuitive terms
• Ability to track and report progress updates of multiple areas against milestones and highlight key issues
• Collaborative: working as part of a broader team to ensure a coordinated and consistent approach
• Good organiser of incoming requests within the team
• Ability to work with minimal direction
• Demonstrate understanding of and commitment to the Group's core values.
• Ownership mindset, able to think creatively and be open to new ideas
• Able to work with tight deadlines and multiple demands
• Attention to detail
• Proactive, problem-solving, helpful
• Experience in MS Excel and Power Point
• Experience with IFRS9, IRB, Stress testing models
  
  

Academic And Professional Background

• Degree qualified in economics or finance preferred.
  
  

Interpersonal Skills

• Strong inter-personal and communication skills to work effectively with stakeholders from different functions; comfortable building relationships at various levels and across geographies.
• Self-motivated person with a high level of drive, dedication and desire to excel consistently.
• Focused and organised, with ability to prioritise and deliver effectively with fair degree of autonomy.
• Appreciation for new methods and technical developments to drive enhancements within the Scenario Design framework.
• Strong written and verbal communication skills.
• Analytical and independent thinker.
• Excellent attention to detail and good time management.
• Initiative, creativity, and problem solving.
  
  

Competencies

• Ability to explain complex matters in simple and intuitive terms.
• Ability to track and report progress updates of multiple areas against milestones and highlight key issues.
• Collaborative; working as part of a broader team to ensure a coordinated and consistent approach.
• Good organizer of incoming requests within the team.
• Demonstrate understanding of and commitment to the Group's core values.
• Ownership mindset, able to think creatively and be open to new ideas.
• Able to work with tight deadlines and multiple demands.
• Attention to detail.
• Proactive, problem-solving, helpful.
  
  

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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