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Senior Manager, Counterparty Credit Risk Stress Testing

12.00 to 13.00 Years   Mumbai City   17 Nov, 2021
Job LocationMumbai City
EducationNot Mentioned
SalaryNot Disclosed
IndustryBanking / Financial Services
Functional AreaOperations Management / Process Analysis
EmploymentTypeFull-time

Job Description

About Standard Chartered We are a leading international bank focused on helping people and companies prosper across Asia, Africa and the Middle East. To us, good performance is about much more than turning a profit. Its about showing how you embody our valued behaviours - do the right thing, better together and never settle - as well as our brand promise, Here for good. Were committed to promoting equality in the workplace and creating an inclusive and flexible culture - one where everyone can realise their full potential and make a positive contribution to our organisation. This in turn helps us to provide better support to our broad client base.The Role Responsibilities

  • Lead the execution CCR (Counterparty Credit Risk) work stream for enterprise-wide stress tests and ensure the timely delivery of the stress test results by conducting the CCR stress test, collaborating on methodology definition, maintaining documentation and governance standards
  • Support the Head, Traded Credit Risk in the Global Counterparty Credit Risk Forum (GCCRF) and on board to the hub team CCR stress testing modules for countries
  • Execute stress tests CCR and CCP stress test to meets to meet regulatory requirements.
  • Carry out the EST stress testing analytics work for CCR exposures.
  • Ensure compliance to EST procedures, methodologies and controls.
  • Manage any all governance related aspects of Enterprisewide stress testing from Execution perspective
  • Drive process improvements and best practices for more efficiency and productivity
Enterprise-wide Stress Testing (EST) Agenda
  • Ensure the CCR stress test execution of EWST exercises (Group ICAAP and BoE stress test) within agreed timelines. This includes owning the end-to-end process from performing the stress test and support presenting the final deck for stakeholder s sign-off.
  • Ensure the CCR stress test execution of country exercises within agreed timelines. This includes owning the end-to-end process from performing the stress test and presenting the final deck for stakeholder s sign-off.
  • Support presentation of the EWST stress results for internal review and challenge and subsequently the Accountable Executive within the agreed timelines for challenge and sign-offs.
  • Manage communication with all internal and external stakeholders like senior management on CCR stress testing related queries.
  • Support in presenting the CCP (Central Counterparty) and CCR stress results at the working group and committee level for reporting of losses/impairments, CCR RWA, CVA RWA and excess EL.
  • Take a more front ending role in country tests for CCP (Central Counterparty) and CCR stress results at the working group and committee level for reporting of losses/impairments, CCR RWA, CVA RWA and excess EL.
  • Report, monitor and perform regular and ad-hoc investigation on stress test results and wrong way risk for the Derivatives portfolio.
  • Perform regular stress tests and assess the qualitative and quantitative impacts on balance sheet, profit and loss and capital ratios. Also, provide ad-hoc analysis when requested through writing and submitting papers to Group committees.
  • Review, update and maintain EWST and traded risk models/methodologies related to CCR stress testing. E.g. CCP stress test model, stress CVA RWA model and etc. to ensure they are compliant with regulatory and internal audit and governance requirements.
  • Co-ordinate with MTCR (Market and Traded Credit Risk) CCRM (Counterparty Credit Risk Models) and Risk infrastructure team to review stress sensitivities/scenarios and implement stress tests aligned with regulatory requests.
  • Provide input, insight and management to ensure that strategic infrastructure programs will deliver to the CCR business vision.
  • Ensure that any CCR stress testing related policies and procedures, model standards, specifications documents, templates and processes are kept up-to-date.
  • Adhere to the completeness of Operational Risk Control activities and comply with internal audit and governance standards including EUC policy, procedure documentation and etc.
  • Develop internal relationships with the wider Enterprise Risk function, Country Risk Function and externally with the other teams within the Risk function including Traded Risk, Risk Measurement, Risk infrastructure and governance.
  • Deliver a high quality Structured Template Data (STDF) Templates, as per the requirements set out by the Prudential Regulation Authority (PRA) in the Bank of England (BoE) stress test
  • Ensure compliance with governance related aspects of EST production and delivery.
Team Management
  • Build, manage and train young and dynamic team.
  • Groom and guide them to deliver high quality EST submissions.
Our Ideal CandidateEducation:
  • 12 + years of relevant work experience in counterparty credit risk, and traded market risk
  • Degree in Quantitative Discipline including Math, Statistics, Finance and Economics, Engineering preferably at Master degree Deep knowledge and understanding of derivatives, financial markets (FM) and systems.
Technical Skills:
  • Subject matter expertise and experience in the calculation of traded products exposure under normal and stressed market conditions.
  • Subject matter expertise in the calculation of CCR RWA and CVA RWA.
  • Experience in the development of strategic infrastructure and the translation of business vision into strategic requirements.
  • Subject matter expertise and experience in the building of large data solutions and the implementation of functionality on those solutions in order to support the business strategy. Experience in understanding (and communicating to the business) the implications of IT decisions and delivery on the ability of the business to support business processes.
Non-technical skills
  • Strong analytical and problem-solving abilities.
  • Excellent inter-personal skills; comfortable in building relationships at senior levels and across borders, 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
  • Independent, proactive and attentive to details;
  • Team player
Business Strategy and Model
  • Good understanding of the firm s business strategy and its links with stress testing.
Risk Management and Control
  • Understanding of risk management framework and how it translates to business strategy solution and implementation.
Governance, Oversight and Controls
  • Demonstrate vigilance and aptitude in employing process controls to mitigate risks to the firm.
Regulatory Framework and Requirements
  • Ability to comprehend the stress testing requirements as per regulatory rules.
Programming skills
  • Proficient in advanced programming including VBA, statistical modelling, analysis tools and database structuring.
  • Excel with understanding of macros and VBA;
  • Knowledge of statistical programming in SA, R, Python would be an advantage
  • Proficiency in Microsoft applications
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 :
financesalesltdmisaccountancyrisk management frameworkcredit riskstress testrisk controlmusic makingbalance sheetinternal auditstress testingtest executiondata solutionsrisk management

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