Senior Manager

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.

Overview

RRSD Unit faces the Group Risk Function with a peripheral support to CEO CIB Function. It handles wide spectrum of activities to support the Enterprise Risk Analytics, Traded Risk Management, Risk & Compliance Reporting teams of the Group Risk. The unit is also currently expanding itself to support the CEO CIB Office with Credit Portfolio Management. Various sub-units underneath RRSD are listed below :

Enterprise Risk Management

Traded Risk Management

Counterparty Credit Risk Reporting (CCRR)

Top 50 Counterparty Credit Exposure Reporting is a weekly / monthly / quarterly reporting requirement from PRA. The data is collated by PRA on behalf of European Banking Authority which is keen on understanding the movement of funds between large Corporate Groups, FIs and Government bodies because of transactions done on Global Market Products

Apart from top 50, the team produces daily, weekly & monthly Counterparty Credit Risk reports including 5 priority reports using a central reporting toolkit. Covers an array of different exposure management and MIS reports that reach a gamut of TRM personnel and often under scrutiny and changes.

RESPONSIBILITIES

Strategy

To ensure the Traded Risk Framework is effectively communicated and implemented across the Traded Products within Financial Markets (FM), and for administering related governance and reporting, and improvement of Group / Regional Policies and Processes.

To exercise direct Risk Control and Monitoring Ownership for Traded Risk across FM businesses in ASEAN.

To uphold the integrity of risk / return decisions, and in particular for ensuring that risks are properly assessed, that risk / return decisions are made transparently on the basis of this proper assessment, and are controlled in accordance with the Group's standards and its Risk Appetite for FM businesses in ASEAN

Business

Appraise and contribute to the development of the Bank's strategic plans and alignment with risk appetite through supporting MANCO members and other executives.

Engage all stakeholders (e.g., Business partners, Market Risk, Finance, Legal and Compliance) to raise their awareness of Financial Markets' Product Risks and how these are managed by Traded Risk.

Communicate and pursue the strategic intent and agenda for RRSD

Assist in Maintaining and developing RRSD's capabilities, skills and infrastructure to meet ongoing business needs and plans

Lead the journey in automation of monitoring tools for all FM products.

Implement adequate data quality Operational Risk Controls in BAU processes and ensure Audit readiness

Lead and deliver the requirements of the Group in compliance to regulatory principals

Improve client experience through more efficient and effective monitoring of exceptions in tandem with Risk, Client Coverage and Front Office users

Processes

General Management of the Traded Risk Management Function in ASEAN

Facilitate Financial Markets business through approving Product Programs and Country Addendums, ensuring proper counterparty limits set for liquidity management and for trading, and revising credit excess approval guidelines to enhance framework for approval criteria & turnaround time.

Manage risk exposures in the Trading, Financial Markets Banking and Treasury Markets Fair Value portfolios. Provide early warning and identify deteriorating credits. Manage exposure down as required.

Contribute to the strategic intent and Collective Agenda for the Traded Risk Management function.

Maintain and develop risk capabilities, skills and infrastructure to meet ongoing business needs and plans

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

Oversee and supervise the execution of all processes carried out by the team members, in accordance with all standard operating instructions.

Ensure a robust and appropriate key documentation are available and updated for the risk processes managed by the team. This includes process key control, operating instructions, process performance indicators (KPI) and process risk indictors (KRI).

Actively engage with the relevant stakeholder in country with a view to improving and enhancing the reporting deliverables of RRSD team.

Support the relevant committees and working group where group risk has vested stakeholder interests.

Acquire basic technical risk knowledge to be able to contribute to the understanding and be comprehensive of the significance and purpose of the risk processes performed by the team.

Acquire knowledge surrounding the processes that are run by the team members so as to provide supervisory guidance.

Always ensure sufficient depth of knowledge and staff strength in the RRSD team to maintain complete internal coverage (over holidays, absences, etc.)

Actively engage the in-country Senior Manager to : (1) set objectives for the team and align activities to support the business in an integrated and effective manner (2) facilitate the transfer of product and business knowledge through presentations and other learning and training sessions.

Ensure adequate and appropriate staff resource (experience and capacity) is available and manage the recruitment process for the team. Engage actively with HR in facilitating the career progression of suitable talent within GBS.

People & Talent

Set and monitor job descriptions and objectives for direct reports (if any) and provide feedback and rewards in line with their performance against those responsibilities and objectives.

Uphold and reinforce the independence of the Traded Risk Management function from those whose primary responsibility is to maximise short-term revenues and profits.

Lead by example and build the appropriate culture and values within Traded Risk Management function in ASEAN.

Works well individually as well as part of a team.

Able to meet tight deadlines with minimal direction.

Inquisitive, with attention to detail. Proactive attitude towards work.

Problem solving ability.

Demonstrates understanding of and commitment to the Group's core values.

Risk Management

Risk Appetite

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

Maintain alignment with risk appetite by rebalancing of risks or controls that may be required in response to internal and external factors

Provide input for stress test on commodity price, foreign exchange, interest rate, and scenario programme in Jump Risk and Global / Regional Counterparty Credit Risk Forum. Review the results and assess their implications.

Be alert to significant market movement and provide appropriate response to material events or other risk issues.

Risk Control Ownership of Credit and Operational Risk

Ensure risk identification, measurement, reporting, and modelling capabilities are objective, consistent, and compliant with applicable regulations

Ensure that material risk exposures and related issues are reported to TRM Head, ASEAN for notifying the responsible Financial Markets Product Governance Committees and to Group and Business-level committees as appropriate.

Design, maintain and effectively communicate risk control parameters across Financial Markets, including policies, control standards, risk exposure limits and other control levers in order to maintain Wholesale Bank's risk profile in line with the Group's risk appetite.

Ensure the completeness of Operational Risk Control activities, i.e., KCIs / CSTs, Business Continuity Plan, Recovery Exercise, Fire Drills, etc. for Traded Risk Management (TRM) and identify and address any significant gaps that may exist between them

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

Governance

Risk Governance

Implement the overall Risk Management Framework for Traded Risk Products and oversee its effective application in ASEAN.

Assist the TRM Head, ASEAN in contributing to provide input to the various risk committees and FM business control meeting on arising risk issues and new policies and processes.

Help ensure that global and regional business and product heads and all Risk Control Owners understand and accept their risk management responsibilities through Financial Markets' local and regional committees.

​​​​​​ 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

Financial Markets Heads, Sales, Structuring and Trading,

Group Market Risk

Credit Risk MANCO members

Global, Regional Credit Officers, and Senior Credit Officers

Group Internal Audit

Group Operational Risk

Group Legal and Compliance

Other Group Head of Control Functions

Credit Risk reporting and Management Information (CRRMI)

Counterparty Credit Risk Models (CCRM)

External : Local Regulators

Group's external auditors

Other Responsibilities

Embed "Here for Good" and Group's brand and values in Traded Risk Team in ASEAN.

Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.

Participate in at least 2 days of volunteering per year

Participate in engagement activities

Be motivated and actively engage in activities like innovation and automation initiatives

Qualification

Substantial experience in risk management in the banking industry, including demonstrated success in a similar role.

Team player with good communication skills and quick learner

Good understanding on FM products and CCR & Market risk methodology

Good excel, macro and Python skills, coding capability would be a plus

Signature Strength - Strong product knowledge in FI / FX / Credit Derivatives / IR Derivatives / Traded Risk with expertise in Data visualisation, dashboarding and automation technologies.

Hands-on Tool - Programming skills in Python, SQL, API Development, VBA, MS Technologies (Access, Powerpoint), Visualisation Tools (Tableau, PowerBI), Workflow Automation Tools (RPA, Sharepoint), Devops (JIRA, Jenkins, Git), knowledge of AI / ML will be an added advantage.

Analytical mindset - Able to detect outliers by observing movements and trends in data. Be able to investigate issues and identify the drivers.

General Skill Set :

Commendable people management skills, including handling professionals

Strong knowledge in banking products across asset classes (FX / Rates / Equity / Credit and Commodities)

Hands-on SQL, SAS, PYTHON

Awareness of trading environment, market moves & potential impact on exposures.

Excellent communication skills - verbal and written

Be able to work in a global team

Project management experience and documentation skills

Be able to implement strategic ideas and enhance productivity and efficiency levels

Significant Experience in major regulatory programs in the Risk / Finance, Banking industry - BCBS,IMM,CVA etc

Role Specific Technical Competencies

Manage Conduct

Manage Conduct

Manage Risk

Manage People

FM Products

Problem Solving skills

SAS / Python / SQL

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.