Senior Manager, Market Risk Management, AG

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

Ensure market risk operates in accordance with Group and SCB AG's policies and standards.

Provide subject matter expertise to the relevant businesses (Financial Markets, Treasury Markets and others) and functions (Risk, Finance and others) on market risk.

Support the Head of Traded Risk with his role and responsibilities relating to market risk.

Effective monitoring and reporting of traded risk. These include :

Monitor risk exposures in light of prevailing market conditions.

Analyse risk and rewards of proposed trades for all business in excess of limits for approval.

Assess and review FO proposals regarding risk limits in accordance with policy.

Provide accurate management information as requested on a timely basis.

Maintain up to date procedures / desk operating instructions.

Measure and monitor traded risk through monthly reporting to management committees.

Proactively identify material drivers of traded risk in the subsidiaries.

Maintain relationships with internal and external stakeholders.

Maintain good credibility rating by demonstrating a fair technical understanding of market risks.

Classify market risk limit excesses within the delegation of authorities.

Review new product proposals for market risk management aspect.

Key Responsibilities

Strategy

Contribute to the development of strategic plans and alignment with risk appetite through active membership of the Executive Risk Committee and other risk forums.

Inform the development of business plans with the provision of cost and impairment forecasts and a balanced judgment on the external environment within the region.

Achieve sound risk management within the country.

Business

Align strategy of the Traded Risk functions with business strategy and risk appetite.

Communicate the strategic intent and collective agenda for the Functions.

Maintain and develop the Function's risk capabilities, and skills to meet ongoing needs and plans

Processes

Effectively control all processes where the Traded Risk function is the identified first line process owner.

Ensure effective management of operational risks within the Traded Risk function and compliance with applicable internal policies, and external laws and regulations.

Continuously improve the operational efficiencies and effectiveness of risk management processes.

People & Talent

Follow appropriate SCB AG culture and values. Work in collaboration with all relevant partners.

Uphold and reinforce the independence from those whose primary responsibility is to maximise short-term revenues and profits.

Provide on-the-job training to the relevant stakeholders.

Risk Management

Assess periodically the risk profile for SCB AG and its branches and maintain alignment with risk appetite by rebalancing of risks or controls that may be required in response to internal and external factors.

Carry out stress tests and scenario programs, review the results and assess their implications. Ensure that effective management response plans are in place to respond to extreme but plausible scenarios.

Uphold the integrity of risk return decisions, by challenging business and control function heads to demonstrate that risk origination and control decisions are properly informed and consistent with strategy and risk appetite.

Direct appropriate response to material events or other risk issues that come to the Country Chief Risk Officer's attention

Ensure that material risk exposures and related issues are reported to the responsible governance committees and to Group and business-level committees as appropriate.

Attend Country Risk Committee meetings on a regular basis to review risk issues in compliance with Group Policy governing such matters and actively participate on that Committee.

Maintain a good understanding of the requirements of key external stakeholders in respect of risk management and ensure these are well understood internally and reflected in internal procedures

Maintain delegated authorities in line with internal policies and ensure that delegations are in line with individual capabilities.

Ensure appropriate judgement is applied in the discharge of risk authorities assigned to the jobholder.

Governance

Ensure that the country consistently and effectively follows the Group's standard risk committee structure.

Maintain an open and cooperative relationship in dealings with the regulator

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

Members of SCB AG Management Board

Heads of SCB AG Control Functions

Heads of SCB AG Business Functions (Financial Markets, Treasury Markets etc)

SCB AG CRO and Direct Reports

Group & Regional Heads of Traded Risk Management

Internal Auditors

External

Regulators and Central Banks

External Auditors

Qualifications

Professional qualification e.g. CFA, Accounting

Degree in a numerate, quotative discipline e.g. science, economics, engineering

At least 7 years of banking / banking-related experience

Languages : English

Skills and Experience

Risk Management - Market Risk

Risk Management - Counterparty Credit Risk

Risk Management - Algorithm Trading

Risk Management - xVA

Risk Management - Issuer Risk

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.