Standard Chartered—AVP Scenario Design

Job description

Description: Job Summary The job holder will be a key member of the Scenario Design team, responsible for designing, maintaining and enhancing regulatory and management stress-testing scenarios across the Bank's global footprint. The role will contribute to the development of robust scenario narratives and macroeconomic projections, ensuring they remain relevant, credible and aligned with evolving business, risk management and regulatory requirements. The individual will provide subject matter expertise on macroeconomic scenario design and scenario expansion methodologies (climate and non-climate scenarios). This includes identifying emerging and thematic risks, developing bespoke and regulatory stress-testing scenarios, assessing transmission channels and economic impacts, and supporting the continuous enhancement of the Bank's scenario framework. The role will also support governance and decision-making processes through the preparation of high-quality analytical papers, recommendations and presentations for Expert Panels, senior management forums and risk committees. Working closely with businesses, functions and external experts, the individual will support the Head of Scenario Design in advancing the Bank's scenario analysis capabilities and strategic risk management objectives. Key Responsibilities Strategy • Design regulatory and non-regulatory macroeconomic scenarios (climate and non-climate scenarios). • Perform review and challenge and when required scenario expansion of key economic variables across the Group’s diverse footprint. • Present baseline and alternative scenarios to senior managers in forums, expert panels and committees. • Contribute to committee papers, structured data requests and other internal or external scenario-related reports. • Foster good working relationships and solicit input from Global Businesses and Global Functions and, where relevant, external vendors to enhance scenarios. • Contribute to the development of a robust operational risk framework for scenario design processes • Stay informed of all regulatory and industry developments related to the scenario work stream. Business • Broad awareness and understanding of business model and risk profile. • Understanding of the bank’s existing enterprise risk management framework, governance related requirements, wider stress testing and scenario analysis capabilities and existing processes, with an understanding of the climate risk stress testing and scenario analysis approach Skills and Experience Must-have Skills • Understanding of Economics • Presentation skills • Managing key stakeholders Qualifications Key Experiences • Understanding and translating transmission channels of key macroeconomic risks into financial system impacts • Familiarity with industry leading scenario models and data providers, with fluency in the scope, capabilities, and limitations of tools and platforms • Understanding of regulatory expectations around scenario generation. • A proven track record of liaising across diverse stakeholder groups; including senior managers, and large firm networks • Ability to work with minimal direction • Attention to detail • Proactive, problem-solving Certifications / Qualifications (only where mandatory) • Work experience as economist (macroeconomic or environmental economist), econometrician or quantitative analyst. • Prior experience of developing projections in a banking environment. • Collaborative: working as part of a broader team to ensure a coordinated and consistent approach • Strong experience in MS Excel and Power Point Languages • English 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.