Job Description

JOB SUMMARY
The team is responsible for the implementation and maintenance of the Group Risk Appetite Framework which entails the selection, definition, calibration of key metrics, and their cascade to countries, legal entities or businesses. There are several analytical pillars and governance steps which support this, of which risk profile analysis (including corporate plan assessment), risk identification (including external topical and emerging risk identification), and scenario analysis are key. The team collaborates with other teams for linking scenario analysis into risk appetite, appetite monitoring and reporting, and the development/maintenance of a risk taxonomy across financial and non-financial risks.
RESPONSIBILITIES
Strategy

• Support or drive change initiatives related to the transformation of risk appetite to an integrated, materiality focused and SMART approach (specific, material, actionable, relevant and time-bound)

Business

• Review the risk identification process in line with current industry best practice and future regulatory requirements to the required supervisory standard.
• Design and execute effective ways to simplify and align with peer practice covering content, stakeholder management and communications, and workflow improvements.
• Support the recurring risk appetite processes including topical and emerging risk identification, quantitative risk analyses, risk appetite affordability, public disclosures, and the corporate plan challenge.
• Perform risk profile analysis relative to appetite, strive to present a holistic view of the risk profile and significant trends by "joining the dots" between reported metrics, business strategy and group resources.
• Perform portfolio risk analysis to draw insights from comparisons across risk types, or between different periods. Probe tail risks and understand how risks decompose into their drivers.
• Maintain the risk inventory by collecting relevant risk data from various sources (business, risk managers, reports) and by different methods (including subject matter expert polling).
• Develop clear written records of the key risks at group and legal entity level, and also attribute these to legal entities or countries.

• Solicit explanations from subject matter experts. Run workshops to validate or refine conclusions and recommendations, and formalise decisions.
• Design and execute innovative ways to simplify and alignment with peer practice covering content, stakeholder management and communications, and workflow improvements.
• Oversee applicable policies and standards to ensure that risk interconnections are understood, defined and challenged where policies are unclear, impracticable, or duplicative.
• Review and challenge policies and standards to ensure that they address critical risks, are principle based, can be tested for effectiveness, empower decision making and have been written with the end user in mind.

Processes

• Carry out key processes with due regard for minimising operational risk.
• Maintain relevant policies, standards, frameworks, and controls.

People & Talent

• Facilitate the change process through training designed to educate stakeholders and influence their mindset
• Establish good working relationships with key stakeholders within and outside or risk
• Help to develop peers and junior colleagues by sharing knowledge and upskilling

Risk Management

• Subject matter expertise, ability to review effectiveness of risk frameworks and risk management processes, with in-depth knowledge and understanding of Risk function fundamentals.
• Experience in designing and deploying risk methodologies, with a good understanding of risk appetite statements.
• Exposure and experience in Risk platforms and tools and have worked with technology in driving innovation and re-engineering.
• Proven track record in terms of evaluating process performance across key metrics and envisioning ways to simplify / reengineer the process to create significant improvement across all key variables.
• Strong track record of influencing and engaging in a consultative mode with various senior stakeholders across business, operations, technology, and compliance to define the strategic scope.
• Strong ability to extract information by questioning, active listening, and interviewing.
• Ability to rationalise and work through organisational change.
• Strong organisational and communication skills with the ability to study and familiarise Group frameworks, policies, and standards to provide optimal business solutions.
• Strong and demonstrated ability to work cross-culturally is a plus.

Governance

• Provide quality control and review and challenge on team output

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

• Wider ERM function (e.g. Stress Testing, Portfolio Risk and Reporting)
• Risk Framework Owner teams
• Business; and Finance.

Other Responsibilities

• The typical job responsibilities are presented above but given the change-centric and expanding nature of the team's mandate other duties and deliverables may be required.
• Oversee refinements to workflow tools and the production of management information to meet the business specific needs including current and future workflow tools to be developed over the next 1-2 years

Our Ideal Candidate

• 15+ years qualifications and experience in Risk Management, with a focus on risk analysis
• Knowledge of a broad range of capital market, commercial and retail products
• Strong analytical and data interpretation skills
• Experience and knowledge of risk appetite development, risk measurement and stress testing concepts
• Knowledge of industry best practices in risk management and regulatory expectations in several major jurisdictions
• The relevant experience could come from a similar role in the financial or corporate sector, or from a broad-based experience in credit/market risk management, capital management, consulting, strategy, rating agency, financial journalism, or supervisory body
• Strong creativity, problem-solving and analytical abilities
• Excellent inter-personal skills; comfortable in building relationships across teams, with outstanding written and oral communication skills
• Confident self-motivated person with a high level of drive and ability to operate in a fast-paced environment

Role Specific Technical Competencies

• Risk type analysis
• Board-fit communication skills
• Risk reporting
• Economic analysis
• Financial regulatory knowledge

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
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Skills Required