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Job details
Job ID
1371914157
Job description
Job Summary
The Operational, Technology and Cyber Risk (OTCR) organisation is instrumental in protecting and ensuring the resilience of Standard Chartered Bank’s operations, data, and IT systems by optimising operational, technology and cyber risk across the enterprise. As a critical function reporting into the Group Chief Risk Officer (CRO), the Group OTCR team serves as the second line of defence for assuring that controls are implemented effectively, in accordance with the OTCR Framework, and for instilling a risk culture within the Bank.
Senior Manager, Stress Testing is a permanent, strategic role that requires strong business acumen and a detailed knowledge of Operational Risk, Stress Testing and Scenario Analysis. The successful candidate will have key skills in scenario analysis and be able to respond in a flexible and collaborative manner to evolving business, regulatory and threat demands. The role reports directly to the Senior Manager, OTCR, Stress Testing.
This is a senior level role, and the individual will be required to engage with senior stakeholders across the business, technology, to quantify Low Frequency High Severity (LFHS) events and assess control gaps if any.
The successful candidate will need to have proven experience in Operational Risk Scenario Analysis, Stress Testing and be an Operational Risk practitioner- and be able to optimise risk exposure across all Operational Risk sub-types.
Key Responsibilities
We are seeking an experienced and senior leader who will be responsible for the following areas: Role Specific Responsibilities:
Support the design and development of OTCR Risk Scenario Analysis to quantify LFHS events
Support the quantification of Operational Risk and other non key non financial risk capital
Provide SME input to support operationalisation of scenario analysis for Group
Support regulatory-related activities such as examinations and reports
Develop materials for regular updates to Head, OTCR, Risk MT, committees
Ensures compliance with all applicable Framework, policies and standards
Strategy
Responsibilities that are related to the development and implementation of a strategy, for example, Awareness and understanding of the Group’s business strategy and model appropriate to the role.
Business
Responsibilities related to the delivery of business and / or financial objectives, for example, Awareness and understanding of the wider business, economic and market environment in which the Group operates
Processes
Reference the processes for which the Role Holder is responsible, as per the Operational Risk Framework definition of first / second line, for example, Responsible for executing and supervising the Budget process.
People & Talent Reference all responsibilities related to people and talent matters, for example:
Leads through example by upholding high standards of excellence, ethics & code of conduct, governance and risk awareness, and stakeholder partnership & collaboration
Collaborate with the wider team and share knowledge where relevant
Lead through example and build the appropriate culture and values. Set appropriate tone and expectations from their team and work in collaboration with risk and control partners.
Ensure the provision of ongoing training and development of people and ensure that holders of all critical functions are suitably skilled and qualified for their roles ensuring that they have effective supervision in place to mitigate any risks.
Employ, engage and retain high quality people, with succession planning for critical roles.
Responsibility to review team structure/capacity plans.
Set and monitor job descriptions and objectives for direct reports and provide feedback and rewards in line with their performance against those responsibilities and objectives.
Risk Management
Responsibilities relating to identifying, assessing, monitoring, controlling and mitigating risks to the Group, as well as an awareness and understanding of the main risks facing the Group and the role the individual plays in managing them. For example -The ability to interpret the Group’s financial information, identify key issues based on this information and put in place appropriate controls and measures
All responsibilities under the Risk Management Framework – both execution and supervisory – should be referenced, for example, Act as the [Process] risk control owner under the Group’s Risk Management Framework (including relevant Operational Risk Framework ownership for [Liquidity] risk.
Governance
Responsibilities relating to the direction, planning, structure, frameworks (e.g. processes and policies) and oversight. For example, Responsible for assessing the effectiveness of the Group’s arrangements to deliver effective governance, oversight and controls in the business and, if necessary, oversee changes in these areas; Awareness and understanding of the regulatory framework, in which the Group operates, and the regulatory requirements and expectations relevant to the role.
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.
Lead the OTCR Stress Testing Team to achieve the outcomes set out in the Bank’s Conduct Principles: Fair Outcomes for Clients; Effective Financial Markets; Financial Crime Compliance; The Right Environment.
Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
Key stakeholders
OTCR LT
OTCR SPOC
ERM – Frameworks & Policy
1LOD business and function teams
OTCR ORA
Country OTCR heads
Other Responsibilities
Embed Here for good and Group’s brand and values. Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures; Multiple functions (double hats);
Skills and Experience
Scenario Analysis and Stress Testing
Communicating Complex Concepts
Risk Management
Operational and Technology Risk Management
Qualifications
Desired Qualifications: relevant industry leading certification such as:
Degree level education or equivalent
Skills
Personal authority based on established trusted relationships and ability to provide advice and functional direction which is expected at senior levels of the Group and respected by peers
Strong knowledge of the businesses, markets and operations of Standard Chartered Bank and the policies, procedures, and processes through which Operational, Technology and Cyber risks are addressed throughout the Group
Able to lead highly complex, global activities through influence and credibility rather than command and control
Ability to assess strategic priorities and focus on detailed aspects of a function in order to drive effective delivery
Situational context aware with ability to facilitate outcomes where priorities and personalities are in conflict
Sound judgement and anticipation and strong integrity, independence and resilience
Communication Skills:
Excellent English oral and written skills
Ability to communicate and explain complicated risk issues to internal and external stakeholders in a simple and business-friendly way
Able to challenge constructively in a non-confrontational manner
A self-starter, able to take initiation, to navigate within the approved parameters to work out a sensible and practical recommendation or decision
Ability to participate within a multi-disciplinary team and be a strong team player
Ability to identify opportunities for continuous improvements
Strong emotional and cultural intelligence, being able to embrace and drive diversity of thought through inclusion and the valuing of cultural diversity
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.
