Assistant Manager, Stress Testing Governance

This job is with Standard Chartered Bank, an inclusive employer and a member of myGwork – the largest global platform for the LGBTQ+ business community. Please do not contact the recruiter directly.

Job Summary

• The role holder will be a part of the stress testing hub team.
• Enterprise stress testing comprises the stress tests required by the Group, regions, country and risk management teams, and other senior stakeholders as required to inform Risk Appetite and the stress tests required by the Bank's regulators.
• The team has responsibility for the execution of the Bank's stress test exercises internally and to external regulators. It is also the centre of excellence for all strategic changes and operational controls, compliance attestation and policy setting for stress testing in the enterprise. As such, this individual will be working as part of a cohesive "strategy and execution" function. The team sets and runs the production schedule for stress testing.
• The intent of the hub is to primarily run central workstream production tasks and sub-tasks during the running of each stress test exercise utilising ITO (Group IT) supported technology and produce management reporting on the same.
• We are seeking a skilled and detail-oriented assistant manager to support with risk assessment and control documentation, operational risk tool management, governance forums and regulatory reporting. This role will be responsible for collaborating to ensure consistent risk assessment, managing risks and control matrices in operational risk tool (M7), host forums and ensuring consistent, accurate, and timely risk reporting in line with regulatory expectations.
• Enterprise stress testing comprises the stress tests required by the Prudential Regulation Authority (ICAAP stress test, Bank of England's annual concurrent stress test, Recovery Plan stress test and Reverse stress test) and the stress tests required by the management and Board to inform Risk Appetite. Country stress tests are performed for regulators like the Hong Kong Monetary Authority (HKMA) and Monetary Authority of Singapore (MAS)
• The role would require technical knowledge of policies and key frameworks to identify and monitor risks, ability to create, implement and enhance processes in internal controls. Understands and assess key regulations ensuring compliance with regulatory requirements.
• The role reports to the Lead Stress Testing Governance and sits within the Enterprise Stress Testing team in Models & Predictive Analytics (M&PA), which drives all enterprise stress testing initiatives in collaboration with teams across the Risk Function and in Group Finance, Group Treasury and the business.

Key Responsibilities The role holder will ensure stress testing framework is compliant and aligned with regulatory and internal risk management expectations.

Specifically, the key responsibilities would include :

Processes

Regulatory & Business Conduct

Key stakeholders

Skills and Experience

Qualifications

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.

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