Senior Manager

Job Description

RRSD Unit faces the Group Risk Function with a peripheral support to CEO CIB Function. It handles wide spectrum of activities to support the Enterprise Risk Analytics, Traded Risk Management, Risk and Compliance Reporting teams of the Group Risk.The unit is also currently expanding itself to support the CEO CIB Office with Credit Portfolio Management. Various sub-units underneath RRSD are listed below:Enterprise Risk ManagementRisk and Compliance ReportingCredit Risk Reporting (CRR)The Team prepares Country and Regional Risk Information Report i.e. Management Packs on a monthly basis. Approximately around 160 packs covering the Booking Location, Management Location and Country of Credit Responsibility location are shared with respective country and regions.The team is also responsible to generate Risk MI that is used to measure and monitor significant financial institution exposures and develop network analysis to show the matrix of interconnectedness amongst firms in the financial network and it seeks to identify exposure concentrations to sectors, markets, assets and risk factors.Finrep (Financial Reporting) is a suit of regulatory reports required by PRA. While Finrep reporting is owned by Finance, a couple of modules of this report require the submission of Past Due and Forbearance data which are managed by Risk.This is a quarterly reporting process in which the required Risk data is collated and provided to the Finrep team for preparation of the regulatory report.STDF - The PRA has developed STDF to provide quantitative assessments of the capital adequacy of the UK banking system and individual institutions. UK banks are therefore required to perform stress tests to understand the impact of a series of shocks on their capital positions and must submit detailed reports on results to the regulator. Hence the team prepares the STDF report.IIC (IFRS9 Impairment Committee) - A dedicated committee to review and approve ECL for financial assets classified as stages 1, 2 and 3 (modelled ECL only) in every business segment for each financial reporting period, based on the support of the individual business CROs and Treasurer.The Committee also responsible to review and approve stage allocation rules and thresholds, as well as approach to base macroeconomic forecasts and multiple macro-economic scenarios used for the forward-looking ECL computation.The team prepares IFRS9 related MFU adjustments, reports and MIS facilitating decision making.StrategyEnsure appropriate BAU controls are being established within RRSD and deployed effectively in GBS.Support new Business requests through Product programmes and Country addendums.Look for possibilities of leveraging on synergy within the various process through automation thereby bringing in improvements.BusinessCommunicate and pursue the strategic intent and agenda for RRSD.Assist in Maintaining and developing RRSD s capabilities, skills and infrastructure to meet ongoing business needs and plans.Lead the journey in automation of monitoring tools for all FM products.Implement adequate data quality Operational Risk Controls in BAU processes and ensure Audit readiness.Lead and deliver the requirements of the Group in compliance to regulatory principals.Improve client experience through more efficient and effective monitoring of exceptions in tandem with Risk, Client Coverage and Front Office users.ProcessesOversee and supervise the execution of all processes carried out by the team members, in accordance with all standard operating instructions.Ensure a robust and appropriate key documentation are available and updated for the risk processes managed by the team. This includes process key control, operating instructions, process performance indicators (KPI) and process risk indictors (KRI).Actively engage with the relevant stakeholder in country with a view to improving and enhancing the reporting deliverables of RRSD team.Support the relevant committees and working group where group risk has vested stakeholder interests.Acquire basic technical risk knowledge to be able to contribute to the understanding and be comprehensive of the significance and purpose of the risk processes performed by the team.Acquire knowledge surrounding the processes that are run by the team members so as to provide supervisory guidance.Always ensure sufficient depth of knowledge and staff strength in the RRSD team to maintain complete internal coverage (over holidays, absences, etc)Actively engage the in-country Senior Manager toset objectives for the team and align activities to support the business in an integrated and effective mannerfacilitate the transfer of product and business knowledge through presentations and other learning and training sessionsEnsure adequate and appropriate staff resource (experience and capacity) is available and manage the recruitment process for the team.Engage actively with HR in facilitating the career progression of suitable talent within GBS.People and TalentContinued focus on recruitment and team diversity ensuring balance of team demographics.Continue to attract, motivate and retain superior talent in teams under management.Lead through example and build the appropriate culture and values within the Risk function and across the wider organisation.Ensure backup staff is identified and trained. Ensure succession planning for the processes handled at GBS.Risk ManagementEmbed new Operational Risk framework into monitoring processes and report any escalations to Management.Monthly monitoring of CST and performance measurement of KCIs.GovernanceWork closely with Operational Excellence and Change management team members to understand key issues and processes and drive automation of processes.Adherence to mandatory certifications and operational requirements.Regulatory and Business ConductDisplay 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.Key StakeholdersGroup Traded Risk Management (TRM)Group Enterprise Risk Management TeamGroup Risk and Compliance Infrastructure and change managementCEO, CIB officeAssociated Technology partnersBusiness desksGBS Management teamOther ResponsibilitiesParticipate in at least 2 days of volunteering per year.Participate in engagement activities.Be motivated and actively engage in activities like innovation and automation initiatives.To hold assigned roles of First Aider / Fire Warden / ADCC as appropriate and discharge the expected responsibilities.Our Ideal CandidatePost graduates / Professional qualification with 13 years of experience in Risk domain.Risk Certifications from established institutions is recommended.FRM Certified candidates will be preferred.Any technical Certification in MS Office Advanced tools / SQL / Tableau / SAS will be preferred.General Skill SetCommendable people management skills, including handling professionals.Strong knowledge in banking products across asset classes (FX / Rates / Equity / Credit and Commodities).Hands-on SQL, SAS, Python.Awareness of trading environment, market moves and potential impact on exposures.Excellent communication skills - verbal and written.Be able to work in a global team.Project management experience and documentation skills.Be able to implement strategic ideas and enhance productivity and efficiency levels.Significant Experience in major regulatory programs in the Risk / Finance, Banking industry - BCBS, IMM, CVA, etc.Role Specific Technical CompetenciesManage ConductManage ConductManage RiskManage PeopleFM ProductsProblem Solving skillsSAS / Python / SQL,

Keyskills :
keeping things simplefinanceaccountancysalesenterprise risk managementmis