You will be taken to Standard Chartered’s own careers page to apply. Job ID 1369080257.
Job description
Job Summary
The job holder will be a part of the Scenario Design Team which is involved in designing, maintaining and enriching regulatory and management stress scenarios for the Bank at group and country level. They will be expected to become the subject matter expert on all areas relating to climate scenario expansion (macro and sectorial) and help with the design and development of the modelling capacity to produce climate scenarios. This may involve working with external vendors to design and build econometric models. The role will, in particular, will support the Head of the Scenario Design Team with key activities as set out below:
Key Responsibilities
Strategy
Design regulatory and non-regulatory climate risk scenarios.
Perform scenario expansion of key climate risk 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 of the ERMF 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
Processes
Design and build controls for the Scenario analysis related workstream for Climate Risk.
Evaluate relevant existing controls and contribute to designing new controls as required.
Support development of a climate database, including sourcing of internal and external data and performing data quality checks as required.
People & Talent
Work with team members in a collaborative manner
Foster a culture of knowledge sharing and learning
Risk Management
Understanding of various scenario families including NGFS, IPCC, and IEA scenarios
Understand and translating transmission channels of climate risks into financial system impacts
Familiarity with industry leading climate risk models and climate/ESG data providers, with fluency in the scope, capabilities, and limitations of each tool and platform
Understanding of regulatory expectations with respect to climate risks including capital frameworks etc
Experience in dealing with large complex, change projects and/or building / delivering new capabilities
A proven track record of liaising across diverse stakeholder groups; including senior managers, and large firm networks
Experience with scenario expansion and/or econometric modelling for scenario analysis and stress testing purposes
Governance
Ensure that outcomes delivered, including necessary controls are fit for purpose and meet regulatory requirements
Ensure the Bank’s risk governance disciplines are adhered with.
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 Internal:
Climate Risk
Stress Testing
Finance
Treasury
Credit Risk
Global Research
ERM Management Team
Country CROs, and CEOs
Regional CROs and CEOs
Global and Regional Business Heads
Group OR, Group COO and other business COOs
External
Regulator, Consultants, Vendors
Other Responsibilities
Embed Here for good and Group’s brand and values in climate risk team; Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures; Multiple functions (double hats);
Lead the scenario analysis workstream for the group and countries
Point of contact for the country related climate stress tests and scenario analysis
Lead the reporting and TCFD requirements for countries
Promote Risk Governance
Skills and Experience
Scenario design and expansion
Forecasting Macroeconomic variables
Economic/Political Risk Analysis
Good problem identification skills coupled with an analytical and pragmatic approach to proposing solutions
Econometrics
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.
