AVP, Climate Risk Stress Testing

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 job holder will be based in Bangalore and focussing on providing support for the Group Climate Risk team.

The role holder will work in close alignment with a dedicated onshore manager that covers content driven topics and senior stakeholder management.

Key Responsibilities include :

Supervise the scenario analysis workstream for the group and countries

Point of contact for the country related climate stress tests and scenario analys

Supervise the reporting and TCFD requirements for countries

Promote Risk Governance

Key Responsibilities

Strategy

Spearhead and support the Climate Risk scenario workstream focussed on regulatory and management stress testing and scenario analysis, as well as periodic analysis including portfolio sensitivity analysis to both transition and physical risks.

Support the use of climate scenario analysis for various objectives, including risk management, business making choices and strategy, corporate and account planning. Ensure that appropriate risk parameters and business targets are set up and adequately consider Group's stress results.

Supervise the development of a climate scenarios knowledge base, including research into industry best practices, regulatory and academic developments.

Focus on execution while being innovative, ability to take accountability and find ways to be part of the solution even when identifying problems.

Support country teams in executing local climate risk related stress testing and scenario analysis needs.

Have an automation-based mind set To inspire the automation of the scenario analysis for countries.

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

Ability to code in SAS, R, Python

Prior experience in stress testing, understanding of IFRS9, IRB models in credit retail and wholesale space

Ability to understand and appreciate the complex interlinkages between systems

Governance

Contribute to overall governance mechanisms (including committee oversight and individual approval authorities) for regulatory and management scenario analysis

Regulatory & Business 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

Display exemplary conduct and live by the Group's Values and Code of Conduct.

Key stakeholder

Senior business and risk stakeholders and their team members :

Group Risk Framework Owners

Global Head, Enterprise Risk Management

Global Head, Stress Testing & Analytics

Other stakeholders include :

Regional and country stress testing teams

Group Risk reporting

Group Finance

Group Strategy

Group Sustainability

Group Investor Relations

Group Corporate Affairs

Group Scenario Design team

Group Modelling team

Country engagements with CCROs and regional leads

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

Interpersonal skills :

The candidate should be highly motivated to rapidly advance the firm's plan to establish a comprehensive climate risk management framework within existing processes and help manage group and client's climate risk.

Strong written and verbal communication skills.

Analytical and independent thinker.

Excellent attention to detail and good time management.

Initiative, creativity, and problem solving.

Competencies

Self-starter, ability to quickly assimilate and analyse large amounts of information across a variety of topics

Proven ability to partner and collaborate across an organisation, support facilitation, with the ability to build a strong internal network across all levels of the organisation

Manage Risk

Experience in a financial institution, preferably in roles that involve development and monitoring of policies and frameworks for governance and risk management

Good understanding of the banking industry regulatory landscape, preferably on Climate Risk and / or Credit Risk

Ability to engage and collaborate with stakeholders at various levels across functions and geographies.

Strong communication and project management skills.

Strong analytical, writing skills and attention to detail.

Self-motivated person with a high level of personal responsibility, drive, dedication, and a desire to excel consistently

Effective in tracking and reporting progress updates of multiple areas and in highlighting key issues

Qualifications

Knowledge / Experience :

Market Knowledge : 8-12 years of strong experience in Climate Risk and / or Credit Risk Management as well as global climate policies and industry trends within the space.

Good communicator, in particular written communications in English

Ability to explain complex matters in simple and intuitive terms

Ability to track and report progress updates of multiple areas against milestones and highlight key issues

Collaborative : working as part of a broader team to ensure a coordinated and consistent approach

Good organiser of incoming requests within the team

Ability to work with minimal direction

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

Ownership mindset, able to think creatively and be open to new ideas

Able to work with tight deadlines and multiple demands

Attention to detail

Proactive, problem-solving, helpful

Strong experience in MS Excel and Power Point

Experience with coding in SAS, R, Python

Econometric / statistical model building experience preferred

Experience with IFRS9, IRB, Stress testing models

Academic and professional background :

Good knowledge of banking risk management and standards

Understanding of Corporate, Institutional, and Commercial & Retail portfolios and products

Previous experience in Climate or Credit risk management.

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.