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Lead, Group Risk Identification

1.00 to 2.00 Years   Mumbai City   04 Jan, 2022
Job LocationMumbai City
EducationNot Mentioned
SalaryNot Disclosed
IndustryBanking / Financial Services
Functional AreaGeneral / Other Software
EmploymentTypeFull-time

Job Description

The Role ResponsibilitiesThe Group Risk Appetite team is embarking on an expansion of its mandate and will be increasing the breadth and depth of its activities. The team is looking to deepen the assessment of portfolio risks across business lines through the enhancement of top down / firm-wide analysis and key metrics, with focus on concentrations and diversification. As a result we have several roles to cover new duties across portfolio analytics, risk Identification and stresscenario analysis/stress testing. The successful applicants will be key pillars of the transformation. They will contribute to the design and implement new processes and tools to achieve the target state. The roles are multifaceted often requiring problem solving and conceptual integration of a number of topics. Candidates lacking direct ERM experience are encouraged to apply as many are likely to poses transferrable skills.You will gain broad exposure across the organisation and provide visibility into the Group s activities and risk profile, new business initiatives, operating model changes and capabilities. 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, 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. 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)
  • The output of risk identification substantiates scenario design, sharpen the design of risk appetite and inform risk disclosures.
  • Assist in the strengthening and embedding of the RA approach specifically in developing the links between risk appetite, risk identification and stress testing.
  • Foster the implementation of enhanced portfolio metrics that are suited to portraying a firm-wide view of risk
Business
  • Lead or support initiatives related to both internal and external risk identification.
  • Change management. Help design and implement a systematic, bottom up risk identification process. This new process must lead to analytically robust conclusions but be pragmatically designed to leverage the existing forms of risk identification that occur within established risk management channels.
  • Propose specific improvements to process and toolkit. Provide change requirements to project managers. Establish other change management components (process, controls, training) as necessary.
  • As an interim step, leverage the existing emerging risk identification process and augment with top risks view for material legal entities.
  • Data gathering and organisation. Create a risk inventory by collecting risk data from various sources (business, risk managers, reports) and methods (including polling). Ensure the data is appropriately stored, complete and representative of the risk.
  • Develop consistent descriptions of the risk, harmonising the language and metrics used by contributors. Contribute to the refinement of the group s risk taxonomy to enable the consistent mapping of identified risks to the risk inventory.
  • Risk analysis and material risk inventory. Analyse the risk data, and draw insights from comparisons across risk types, or between different periods. Review and challenge the inputs to ensure they are truly representative of the material underlying risks. Develop analytical solutions to assess the materiality of exposures, and to identify risk concentrations and cross-risk correlations in the portfolio
  • Run workshops to validate conclusions and formalise decisions. Develop clear written records of the key risks at group level, and attribute these to legal entities or countries where necessary.
  • Communication. Prepare written analyses that clearly portray the Risk ID analysis and conclusions to a senior audience. The analysis should summarise the identified risks and be backed as appropriate by technical explanations (for example, about the method of assessment).
  • Support as required the wider RA agenda such as the regular processes for the review of risk appetite statements, emerging risk identification, public disclosures, RA metric cascade and corporate plan challenge
  • Assist with regulatory and senior management reviews, communications, and presentations and coordinate responses for regulators and internal senior management communications
Processes
  • Provide oversight for key processes.
  • Ensure RA is adequately captured, monitored and reported within the Operational Risk Framework.
  • On change initiatives, drive the engagement with project managers and technology on workflow automation. The process should be pragmatically designed to leverage existing forms of risk identification
People and Talent
  • Establish good working relationships with key stakeholders within and outside or risk
  • Facilitate the change process through training designed to educate stakeholders and influence their mindset
  • Help to develop peers and junior colleagues by sharing knowledge and upskilling
Risk Management
  • Act with a forward-looking mindset and try to anticipate issues. Raise matters clearly and promptly, having assessed their significance, and considered potential solutions.
  • Ensure operational risks are mitigated; advise on control strength and drive improvements. Maintain the RCSA.
  • Ensure policies/procedures are adhered to.
Governance
  • Maintain relevant Policies and Procedures.
  • Provide quality control and review and challenge on team output as a checker for key processes
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 an d 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
  • The role can be tailored to the skills and experience of the candidate
  • 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
  • Knowledge of wholesale banking business model and capital market products preferred but not essential
  • Experience and knowledge of Risk Appetite development is desirable but not vital
  • Knowledge of industry best practices in risk management and regulatory expectations in one or more major jurisdictions
  • Strong creativity, problem-solving and analytical abilities
  • Excellent inter-personal skills; comfortable in building relationships across teams, with outstanding written and oral communication skills
  • Strong analytical and data interpretation skills
  • Confident self-motivated person with a high level of drive and ability to operate in a fast-paced environment
Apply now to join the Bank for those with big career ambitions. To view information on our benefits including our flexible working please visit our career pages . We welcome conversations on flexible working.,

Keyskills :
senior management communicationskey metricsnew businessdrive changecapital marketstress testingportfolio riskchange processquality controlrisk managementproblem solvingoperational risk

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