Standard Chartered—AVP, Market Risk Stress Testing

Job description

Description: Job Summary This role sits within the Traded Risk Stress Testing (TRST) team, which is responsible for the design, execution, governance and enhancement of the Bank’s traded risk stress testing framework. The team leads regulatory stress testing submissions, develops methodologies, strengthens governance standards and engages with senior management, Front Office stakeholders and regulators. The role has specific responsibility for the calculation, analysis and reporting of Risk-Based Losses (RBL) within the Trading Activity Wind-Down (TWD) framework. This includes supporting the design, maintenance and execution of stress testing methodologies that underpin RBL calculations. Key responsibilities include: • Analysing, explaining and reporting TWD Risk-Based Losses. • Producing management information, analysis and executive commentary. • Supporting regulatory submissions and associated documentation. • Monitoring data quality issues, adjustments and remediation activities. • Contributing to stress testing methodology development and implementation. • Enhancing the stress testing infrastructure and operating model. Key Responsibilities Regulatory • Contribute to regulatory stress testing exercises, including the Bank Capital Stress Test (BCST) and Internal Capital Adequacy Assessment Process (ICAAP). • Support the development and delivery of structured and unstructured regulatory stress testing submissions. • Own and manage Trading Activity Wind-Down Risk-Based Losses. • Provide traded risk stress testing inputs to the Value in Resolution (ViR) framework. • Maintain effective and constructive relationships with regulators and external stakeholders. Methodology • Contribute to the ongoing enhancement of the traded risk stress testing framework. • Partner with senior management, Front Office and risk stakeholders to strengthen methodologies and ensure consistency across Market Risk and Counterparty Credit Risk (CCR). • Ensure stress scenarios appropriately capture the Bank’s risk profile, emerging risks and key concentrations. • Review and maintain key modelling assumptions, including holding periods. • Support the design and implementation of global, topical and idiosyncratic stress scenarios in collaboration with asset class heads, regional risk managers and Research. • Escalate material stress testing risks and insights to senior management. Governance • Support stress testing model use test activities across regulatory exercises. • Ensure compliance with internal policies, regulatory requirements and operational risk standards. • Promote robust governance and control frameworks across stress testing processes. Documentation • Maintain stress testing standards, methodologies and procedures. • Ensure scenario narratives, assumptions and shock calibrations remain current and appropriately documented. • Support the preparation of committee papers, regulatory submissions and materials for the Traded Risk Stress Testing Forum. • Maintain accurate governance records, including meeting minutes, decisions and actions. Projects • Contribute to the SABRE and Market Risk Platform stress testing change agenda. • Partner with stakeholders to enhance the Bank’s stress testing capabilities, infrastructure and controls. • Drive continuous improvements in the efficiency, scalability and effectiveness of stress testing processes. People & Talent • Lead by example, promoting a culture of integrity, accountability and collaboration. • Build strong relationships across Traded Risk, Front Office, Finance and other Group functions. • Mentor and develop junior colleagues, fostering knowledge sharing and professional development. 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 • Traded Risk Management senior leadership and direct reports • Product and regional asset class heads and direct reports • Financial Markets • Treasury • Finance • Technology • Enterprise Risk Management • Research • Operational Risk External • Prudential Regulation Authority (PRA), Financial Conduct Authority (FCA) and other key regulators • The Group’s external auditors Skills and Experience • Manage Risk • Market / Liquidity • Analytical thinking • Operational Risk • Coding in script languages Qualifications • Bachelor's or Master's degree in Finance, Economics, Mathematics, Statistics, Risk Management, or a related field. • Financial Risk Manager (FRM) certification advantageous. Experience • B6: 3–5 years' experience in a comparable role. • B5: 5–10 years' experience in a comparable role. Skills and Qualifications • Significant experience in Traded Risk, Market Risk, or Stress Testing within a global financial institution. • Strong understanding of risk methodologies, regulatory requirements, and stress scenario design. • Experience delivering complex global programmes and regulatory submissions. • Excellent stakeholder management and communication skills. • Strong analytical capabilities, with the ability to identify emerging risks and develop forward-looking solutions. • Proven track record of driving change, enhancing processes, and delivering strategic initiatives. • Advanced proficiency in Excel, PowerPoint, and Word. • Python programming skills are advantageous. • English (proficient) 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.