Job ref no.: 2100027860
Standard Chartered Bank

Head of Enterprise Stress Testing Review

Standard Chartered Bank

The Role Responsibilities

Processes

Provide second line of defence oversight on all Enterprise Stress Testing related processes across the Asia region

Direct responsibilities related to Enterprise Stress Testing Oversight and Review and Challenge for HK and SG consolidated entities:

  • Coordinate the Bank’s Risk function in completion of regulatory and internal enterprise stress tests.
  • Liaise with Group and relevant local functions such as Finance, Risk and Business functions in facilitating the setting of stress test scenario.
  • Determine stress test requirements and engage relevant stakeholders at different levels of the organisation across Risk, Finance, Treasury, Group, etc., to facilitate communication in relation to stress testing.
  • Manage relationships with local regulatory bodies in relation to Enterprise Stress Testing.
  • Provide governance oversight on the consolidation, documentation, and submission of stress testing results.
  • Review, challenge and clarify the stress testing outputs on an enterprise wide risk basis to ensure consistency and completeness in line with regulatory requirements.
  • Deliver clear concise reporting on stress testing results for presentation to senior committees such as Stress Testing Forum, Executive Risk Committee and Board.
  • Facilitate planned enhancements in stress testing operating model, governance and system solutions, liaising with Group counterparts and local functional teams to ensure timely identification of requirements, data sources and key contacts and support the design of the operating model
  • Support delivery of Corporate & Institutional Banking and Commercial Banking Credit Risk and Retail Credit Risk Stress Testing Projections

For other Asian legal entities, which engage in Enterprise Stress Testing:

  • Understand routine and ad hoc country and legal entity stress testing requirements. Build and deliver in-region analytical support for scenario design, stress loss impairments and CET1 impact analysis where needed.
  • Serve as the liaison to key ICAAP, IFRS 9, and other stress testing related committee, regulatory, and audit stakeholders.
  • Work closely with Finance to develop a framework for a regional approach to support legal entity ICAAP submissions, aligning the contributions made by respective country teams, while at the same time ensuring the independent challenge and coordination with the respective global teams.

People and Talent

  • Lead, develop, and build an effective and impactful Enterprise Stress Testing Review team within Asia ERM team

Risk Management

  • Develop a keen awareness and understanding of the Group’s business strategy and model to support Stress Testing.
  • Support the definition and roll out of enhanced stress testing operating model, governance and system solutions
  • Maintain awareness and understanding of the wider business, economic and market environment in which the Group operates
  • Identify, within stress testing activities, operational risk issues and areas of non-compliance with internal or external regulations and requirements and propose solutions to first line and escalate appropriately to ensure appropriate control framework is in place.
  • Engage with global ERA and GMV teams to ensure that Asia-specific nuances are captured in Global stress testing models and processes, advocate for inclusion on behalf of countries.
  • Ensure adequate model risk governance is followed in adopting stress testing models. Assess fundamental assumptions underlying global models; assess whether model overlays are appropriate given business and regulatory contexts, and are appropriately applied in to central stress testing platform.

Governance

  • Manage the Bank’s Stress Testing Forum to ensure regulatory stress testing governance requirements are fulfilled, particularly with respect to industry wide stress tests, ICAAP and Recovery Plan exercises.
  • Own the Stress Testing policy and standards.
  • Interpret requirements, expectations and observations from regulator in relation to stress testing exercises.
  • Direct comprehensive analysis throughout the year to identify areas for improvement.
  • Participate in and provide ongoing support to audit and regulatory reviews and inquiries in relation to Stress Testing.

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.
  • Lead the Enterprise Stress Testing Review team in achieving the outcomes set out in the Bank’s Conduct Principles.
  • Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
  • Review activities against HKMA and MAS regulations in respect of Enterprise Stress Testing, identifying and proposing / implementing remediation of any gaps.

Key Stakeholders

  • Act as main point of contact for internal and external stakeholders regarding Enterprise Stress Testing from a second line of defence perspective.
  • External stakeholders: Local and regional regulators
  • Internal stakeholders:
  • Country & Regional CFO
  • Country & Regional CRO
  • Country & Regional Treasury Risk Head
  • Country & Regional Governance Head
  • Country & Regional Model Governance Head
  • Country & Regional Business Heads
  • Country and Regional Function Heads
  • Country & Regional Compliance Team
  • Country & Group Internal Audit Team
  • External Auditors

Other Responsibilities

  • Embed Here for good and Group’s brand and values in Stress Testing team.
  • Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures;

Our Ideal Candidate

  • Understands complex interactions between economic and operational factors and their resulting impact to product, business line and financial results and position of the Bank.
  • Strong written and verbal communication skills including the ability to effectively communicate and collaborate with various cross functional teams at all levels. Confidence in communication with senior management, in senior committees, and with regulatory authorities on Stress Test matters.
  • Demonstrated ability for problem solving, working independently and attention to detail; Ability to use discretion and independent judgments; Ability to understand impacts of adverse economic and market scenarios.
  • Ability to facilitate discussions and conduct working group meetings.
  • Dedicated to information integrity and to producing high quality and insightful output and hitting deadlines where applicable; and
  • Ability to manage multiple tasks successfully and efficiently in a fast paced, regulatory driven environment. Experienced in project management

Experience & Qualifications

  • Educated to degree level.
  • 15+ years’ experience in Banking industry;
  • Experience of regulatory stress testing such as ICAAP, Recovery Plan, or Industry Wide Stress Testing exercises.
  • Prior experience in Finance/Risk/Compliance/Audit/Governance and/or change management; and
  • Understanding of financial reporting systems and standards (including IFRS 9), and / or project management / technology change preferred.

Apply Now to join the Bank for those with big career ambitions.

To view information on our benefits including our flexible working please visit our career pages. We welcome conversations on flexible working.

More job information
Job ref no. 2100027860
Salary
Job Function
Industry
Employment Term
  • Permanent
  • Full-time
Experience
  • 5 years - 10 years
Career Level
  • Middle management level
Education
  • Degree