Job Description

Job : Risk
Primary Location : Asia-Singapore-Singapore
Schedule : Full-time
Employee Status : Permanent
Posting Date : 01/Feb/2023, 8:45:01 AM
Unposting Date : Ongoing


The Role Responsibilities Strategy

• Execute the use of climate scenario analysis for various objectives, including risk management, business decision making and strategy, corporate and account planning. Work alongside the scenario design team for the development of the Climate Risk scenarios for regulatory and management stress testing and scenario analysis. Lead the periodic analysis including portfolio sensitivity analysis for both transition and physical risks and ensure that these are in line with industry best practice and regulatory expectations.
• Ensure that appropriate risk parameters and business targets are set up and adequately consider the Group\xe2\x80\x99s stress results and any impact on the Group\xe2\x80\x99s risk profile.
• Develop a climate scenarios knowledge base, including research into industry best practices, regulatory and academic developments and ensure that these are embedded in stress testing capabilities as appropriate.
• Focus on execution while being innovative, ability to take accountability and find ways to be part of the solution even when identifying problems.
• Support country teams in executing local climate risk related stress testing and scenario analysis needs.
• Lead Climate risk reporting requirements, including external disclosures such as the Annual Report and Accounts and internal MI, such as the Climate Risk Information Report at Group, Business and Regional / Country levels, resolving issues, automating/simplifying where possible and collaborating on the work for BCBS compliance with the reporting teams.
• Contribute to the DQ working group to cover strategic activities, including data sourcing/automations, support transition to BAU reporting, establishing operating model, challenges on resources/budgets.

Business

• Broad understanding of the Group\xe2\x80\x99s risk profile and business model.
• While being focused on climate risk assessment, keep a \xe2\x80\x98think client\xe2\x80\x99 hat in any scenario developments; consider how the scenario results impact business strategy.
• Communicate confidently with senior stakeholders, taking a lead in working groups and other meetings.
• Develop and improve climate risk tools and assessment methodologies and work closely with the model development team, reporting and data strategy teams to identify synergies, improve data collection and automation.

Processes

• Contribute to Group-wide RCSA reviews with respect to climate risk, particularly for stress testing.
• Design and build controls for the Scenario analysis related workstream for Climate Risk.
• Evaluate relevant existing controls and contribute to designing new controls as required.
• Support development of a climate database, including sourcing of internal and external data and performing data quality checks as required.

People and Talent

• Lead through example and build the appropriate culture and values. Set appropriate tone and expectations from my team and work in collaboration with risk and control partners.
• Ensure the provision of ongoing training and development of people and ensure that holders of all critical functions are suitably skilled and qualified for their roles ensuring that they have effective supervision in place to mitigate any risks.
• Employ, engage and retain high quality people, with succession planning for critical roles.
• Responsibility to review team structure/capacity plans.
• Set and monitor job descriptions and objectives for direct reports and provide feedback and rewards in line with their performance against those responsibilities and objectives.
• Uphold and reinforce the independence of the Risk function from those whose primary responsibility is to maximise short term revenues and profits.

Risk Management

• Provide inputs to the Group\xe2\x80\x99s strategic risk appetite metric calculations related to stress losses.
• Act quickly and decisively when any risk and control weakness become apparent and ensure they are addressed within an appropriate timeframe and escalated through the relevant committees.
• Understanding of various scenario families including NGFS, IPCC, IEA and bespoke scenarios.
• Understanding and translating transmission channels of climate risks into financial system impacts
• Familiarity with industry leading climate risk models and climate/ESG data providers, with fluency in the scope, capabilities, and limitations of each tool and platform
• Understanding of regulatory expectations with respect to climate risks including capital frameworks etc
• Able to deal with large complex, change projects and/or building / delivering new capabilities and to drive these.
• 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

• Contribute to overall governance mechanisms (including committee oversight and individual approval authorities) for climate risk management.
• Provide support across Climate Risk Management, ensuring compliance with the highest standards of regulatory and business conduct and compliance practices as defined by internal and external requirements.
• Embed the Group\xe2\x80\x99s values and code of conduct in Climate Risk.
• Ensure that material issues are reported to the responsible risk governance committees including the CRMC, GRC and BRC.

Regulatory and Business Conduct

• Display exemplary conduct and live by the Group\xe2\x80\x99s 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
Senior business and risk stakeholders and their team members:

• Group Risk Framework Owners
• Global Head, Enterprise Risk Management
• Global Head, Stress Testing & Analytics

Other stakeholders

• Regional and country stress testing teams
• Group Risk reporting
• Group Finance
• Group Strategy
• Group Sustainability
• Group Investor Relations
• Group Corporate Affairs

Our Ideal Candidate

• 14+ Years of experience
• Prior engagement in CCIB and climate-related workstreams and other risk areas strongly desired.
• Understanding of climate risk
• Experience in Stress testing
• Prior engagement with Risk Framework Owners / Policy Owners and business owners preferred.
• Prior hands-on experience with stress testing preferred, particularly climate risk stress testing.
• Ability to understand and manipulate Data

Role Specific Competencies

• Familiarity with climate risk management (tools and methodologies)
• Data preparation and review skills
• Ownership and accountability for deliverables / action oriented
• Climate risk stress testing and wider Enterprise-wide stress testing processes

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 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