Job ref no.: 2100028372
Standard Chartered Bank

Global Process Owner – Stress Testing

Standard Chartered Bank

 

 

 

 

The Role Responsibilities

The Global Process Owner (GPO) – Stress Testing role has been created to enable Finance to run standardised, efficient, well controlled Stress Testing processes in a consistent way across the Standard Chartered organisation. The GPO is accountable (both onshore and offshore) for the process effectiveness, efficiency and risk for the Stress Testing process.

The GPO will be operationally responsible for a Global Team including delivery teams as well as the Bangalore Stress Testing Hub. They will interface extensively with senior Finance management at Group level, with Country, Segment, Function, and Regional CFOs, and the heads of the GFS centres and work closely with the Finance Management Team to build a sustainable and forward-looking finance organisation.

What will you do?

There is a Target Operating Model programme and a significant technology programme (Aspire) underway within Finance. The GPO will work closely with both Aspire and the Target Operating Model, shaping the future design of processes and the requirements for the new technology. Specifically, this role will Partner with the Group Head of Financial Planning & Analysis and GPO Plan to Perform to drive the rethink and complete redevelopment of a simpler, faster, and better approach to the Group’s budget & 5 year Corporate Planning process.

In addition, they will be responsible for:

  • Developing and maintaining the strategic approach to deliver Stress Testing and integrating this with the overall Planning activities, with a mid-long term horizon:
  • Maintaining knowledge and insight into management of similar processes in comparable institutions, ensuring that suitable benchmarks are maintained for the effectiveness of each process and its cost
  • Ensure that the Stress Testing process delivery evolution is aligned to the Bank Technology and Infrastructure designs
  • Developing a strategic vision and plan for the evolution of the process, covering people, operating process, policies & procedures, controls, systems, and data
  • Establishing a people capacity plan for the process, identifying the necessary capabilities required to support an effective execution of the process, and agreeing with other GPOs and HR how these will be captured in the overall job framework across Finance
  • Building a clear perspective on how advances in technology will affect or enable the delivery of the process across Stress Testing and Planning
  • Identifying the appropriate location strategy for the process, including which elements of the process will be managed from central locations, which will be decentralised, and the allowable variations to cater for specific local requirements
  • Specifying the future technology and data roadmap for the process, and negotiating appropriate investment spend
  • Collaborating with key stakeholders within Finance and other functions to define Roles and Responsibility and ensure that the Stress Testing delivery team is aligned to the organizational structure
  • Working with the GPO P2P to establish alignment between the P2P and ST processes to enable effective planning in both BAU and stress across the Group.

Business acumen

  • Setting service delivery standards and managing the process to deliver to those
  • Identifying business requirements for the process from stakeholders across Risk, Finance and models and balancing requirements with overall objectives for the effectiveness of the process and its cost including the management of the requirement prioritization list.

Process management

Designing, building, implementing and improving the delivery of Planning activities, primarily Corporate Plan and Stress Testing processes aligned with the target operating model. This will include responsibility for identifying and building requirements across processes, technology infrastructure to support the process, and the organisational design and R&Rs of all key stakeholders involved in the delivery of these activities. Delivery of the process, and management of the process life cycle:

  • Setting and managing the budget for the process (Stress Testing)
  • Setting and managing policies, procedures and controls for the process
  • Developing process framework, defining key metrics e.g. cycle time, cost, control, and managing performance of the process
  • Defining the requirements for delivery of enabling technology and data and working with the Change management to ensure delivery

People and Talent

  • Managing a large global team of specialist in Stress Testing delivery with responsibility for all aspects of the employee lifecycle e.g. capability and training requirements, employee compensation, benefits, etc..
  • Develop a target operating model which defines roles within the direct team as well as stakeholders in the process (Workstream Leads, Workstream owners, Model developers, etc.)

Risk Management and Governance

  • Ensure Stress Testing policy and Standards are understood and followed throughout the delivery process. Work with Policy and Standards owner to evolve these documents over time.
  • Define the required governance, including which committee and number of committee reviews would be required to deliver different types of ST exercises.
  • Ensure Stress Testing delivery controls are agreed, delivered on time, results of controls reviewed and that appropriate measures are taken when controls indicate failures. Work with control owners to evolve the controls towards digitalized controls to eliminate the human risks in the delivery of ST.
  • Own the ST model governance process including maintaining the ST model inventory and ensuring models have gone through the appropriate governance process before being used for Regulatory ST exercises, including model validation and model use tests.

Change oversight

  • Lead the change agenda for Stress Testing and work with the GPO Plan to Perform to identify importance of changes, prioritization and securing budget across the P2P journey and more specifically across Planning and Stress Testing.
  • Manage the implementation of additional countries within the Stress testing platform with a goal to on-board all ICAAP countries in the near future.
  • Work with the ST “keep the light on" team to prioritize and deliver the changes required for ST across the Group and Regions / countries need.
  • Deliver new “Forecast" capabilities around granularity of forecast, building a library of models and library of data to provide increased flexibility and better integration across management requests, Corporate Plan and Stress Testing

Our Ideal Candidate

  • The GPO Stress testing role requires the following capabilities Strategic leadership
  • Strong experience of operating and transforming the Stress testing and Planning processes of a global bank
  • Strong understanding of the regulatory framework governing stress testing in our major markets.
  • Prior experience as a GPO is preferred; strong understanding of operational risk is a must
  • Experience of developing strategic agenda and delivering on that for a complex technical and operational process
  • Experience of leading large geographically dispersed teams
  • Proven leader of transformational change who is able to inspire and motivate teams

What’s in it for you?

  • Work cross-functionally with leaders from across the country and the firm
  • Manage a high-performing team of specialists and leaders across the globe
  • Shaping and driving strategy and decisions across the broader Finance Operations function – you’ll be expected to be a leader who impacts and drives the broader strategy of the business
  • Apply Now to join the Bank for those with big career ambitions.
More job information
Job ref no. 2100028372
Salary
Job Function
Industry
Employment Term
  • Permanent
  • Full-time
Experience
  • 10 years - 15 years
Career Level
  • Middle management level
Education
  • N/A