Job Description
Roles and Responsibility
• The role holder will be a part of Manager in the Scenario Design Team within the Stress Testing hub in Bangalore. The Scenario Design Team (SDT) is involved in designing, maintaining and enriching stress scenarios for the Bank group, country-level stress tests and regulatory stress exercises. The SDT also maintains and develops the baseline scenario every quarter. Enterprise stress testing comprises the stress tests required by the Group, regions, country and risk management teams, and other senior stakeholders as required to inform Risk Appetite and the stress tests required by the Bank's regulators. The enterprise stress testing hub is also the centre of excellence for all strategic changes and operational controls, compliance attestation and policy setting for stress testing in the enterprise.
• The SDT is responsible for generating and/or rolling over the country-level and bank group-level economic stress scenarios which acts as an important input into the broader stress testing engines. The candidate has to have a strong grasp on economic concepts such as growth dynamics, interest rates, prices (inflation drivers) and government debt. The candidate should be able to help design and maintain scenarios across countries and be able to interact with in-country experts on economic matters specific to those countries' scenarios. The ideal experience required is 3-5 years in economics related fields.
• The candidate is expected to help in prepare and enrich scenarios for the purpose of various stress test outputs in enterprise stress testing exercises for the Group as well and Countries (covering all the Group, Regions and Countries). The candidate is also supposed to work with group team in creating scenarios for climate risk stress test.
• Primarily the candidate will support Quarterly Management Stress Tests by expanding and rolling forward scenarios on a rolling basis every quarter.
• This would include understanding regulatory asks, mandated macroeconomic paths, and expand the scenario when required. It will entail understanding the existing tools, improving upon them and developing new repository of scenarios which can be used with quick turn-around time. The candidate should ensure proper governance mechanism is built and maintained for scenarios that the team builds.
• Help the team prepare slides and research content supporting the respective scenarios developed.
• Ensure compliance with the Operational Risk Framework requirements and that quantitative controls are in place and executed in full.
• Drive improvements in the scenario computations and automate manual processes for more efficiency and productivity.
• Manage all correspondence via their nominated work stream leads, support functions and stakeholders.
• Ensure compliance with governance related aspects of EST production and delivery.
• Working knowledge of coding in statistical packages (such as 'R') would be preferable.
• This is a rapidly evolving space so the role holder must be comfortable with ambiguity and change.
Business
• The role holder is responsible for the following in undertaking the role:
• Deliver on the scenario requirements for the Enterprise-wide Stress Testing (EST) exercises across the Group
• Carry out the EST stress testing analytics work for the group.
• Ensure compliance to EST procedures, methodologies and controls.
• Manage any all governance related aspects of the execution of scenario building
• Drive process improvements and best practices for more efficiency and productivity
• Deliver adequate documentation on stress testing methodology subject to management, model validation, audit & regulatory scrutiny.
• Deliver on the operational risk framework for the scenario enrichment
• Work towards building an efficient processes for the scenario development process and consumption of data by downstream systems like SSplice and SBAP
Processes
• The role holder will need to support the establishment and documentation of all processes and effective controls for the new hub in accordance with the broader stress testing team
People and Talent
• The role holder will need to support development and stabilisation a newly formed team, working across geographies
Risk Management
• Ensure all activity adheres to the Enterprise Risk Management Framework, relevant policies and standards, with a specific focus on ensuring an effective framework for the management of operational risks as they pertain to the role.
Governance
• Demonstrate an awareness and understanding of the regulatory framework in which the Group operates, and the regulatory requirements and expectations relevant to the role.
• Deliver 'effective governance'; capability to challenge colleagues effectively,or escalate appropriately; and willingness to work in an open and cooperative manner with all.
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 team to achieve the outcomes set out in the Bank's Conduct Principles: Fair Outcomes for Clients; Effective Financial Markets; Financial Crime Compliance; The Right Environment.
• Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
Key Stakeholders
• Scenario design team in London
• Stress Testing Team
• Enterprise Risk Management members
• Key Risk colleagues
• Business leadership
• Risk Transformation Programme Team
• Key operations and technology partners / vendors
Other Responsibilities
• As delegated by line management from time to time.
Our Ideal Candidate
• The role holder will have experience in:
• Good understanding of macro economics is essential
• Comfortable with various macro-econometric approaches
• Awareness of regulatory frameworks and Banking regulations
• CFA/FRM certification will be preferred
• Working across geographies and time zones
• Excellent oral, written communication and presentation skills
• Robust skills for qualitative and quantitative analysis financial and process
• Excellent academic background, preferably with a degree in a quantitative discipline, such as economics, finance, statistics/mathematics, sciences or engineering
• Understanding of SCB's key footprint markets will be added plus
• The role holder should comply with all mandatory e-learning as prescribed from time to time.
Role Specific Technical Competencies
• Results orientated, with attention to detail
• Excellent inter-personal skills; comfortable in building relationships, with outstanding written and oral communication skills with high competency in MS Word, Excel and PowerPoint
• Confident self-motivated person with a high level of drive and ability to operate in a fast-paced environment
• Good problem identification skills coupled with an analytical and pragmatic approach to proposing solutions
• Knowledge of and direct experience in stress testing at a major international bank, could be in a specific workstream such as market risk or credit risk, or at a group level, such as group risk or group finance. This should include Bank of England, HKMA, MAS or CCAR.
Forecasting and Modelling Skills
• Good working knowledge in SAS and MS Excel (Pivot Tables) to be able to use these on day 1
• Experience with data reporting tools (Tableau, PVT) and the like
• Strong IT skills such as SQL, VBA, Access skills are advantageous
About Standard Chartered
We're an international bank, nimble enough to act, big enough for impact. For more than 160 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
• Be better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term
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, parental/maternity (20 weeks), sabbatical (12 weeks 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
• The role holder will be a part of Manager in the Scenario Design Team within the Stress Testing hub in Bangalore. The Scenario Design Team (SDT) is involved in designing, maintaining and enriching stress scenarios for the Bank group, country-level stress tests and regulatory stress exercises. The SDT also maintains and develops the baseline scenario every quarter. Enterprise stress testing comprises the stress tests required by the Group, regions, country and risk management teams, and other senior stakeholders as required to inform Risk Appetite and the stress tests required by the Bank's regulators. The enterprise stress testing hub is also the centre of excellence for all strategic changes and operational controls, compliance attestation and policy setting for stress testing in the enterprise.
• The SDT is responsible for generating and/or rolling over the country-level and bank group-level economic stress scenarios which acts as an important input into the broader stress testing engines. The candidate has to have a strong grasp on economic concepts such as growth dynamics, interest rates, prices (inflation drivers) and government debt. The candidate should be able to help design and maintain scenarios across countries and be able to interact with in-country experts on economic matters specific to those countries' scenarios. The ideal experience required is 3-5 years in economics related fields.
• The candidate is expected to help in prepare and enrich scenarios for the purpose of various stress test outputs in enterprise stress testing exercises for the Group as well and Countries (covering all the Group, Regions and Countries). The candidate is also supposed to work with group team in creating scenarios for climate risk stress test.
• Primarily the candidate will support Quarterly Management Stress Tests by expanding and rolling forward scenarios on a rolling basis every quarter.
• This would include understanding regulatory asks, mandated macroeconomic paths, and expand the scenario when required. It will entail understanding the existing tools, improving upon them and developing new repository of scenarios which can be used with quick turn-around time. The candidate should ensure proper governance mechanism is built and maintained for scenarios that the team builds.
• Help the team prepare slides and research content supporting the respective scenarios developed.
• Ensure compliance with the Operational Risk Framework requirements and that quantitative controls are in place and executed in full.
• Drive improvements in the scenario computations and automate manual processes for more efficiency and productivity.
• Manage all correspondence via their nominated work stream leads, support functions and stakeholders.
• Ensure compliance with governance related aspects of EST production and delivery.
• Working knowledge of coding in statistical packages (such as 'R') would be preferable.
• This is a rapidly evolving space so the role holder must be comfortable with ambiguity and change.
Business
• The role holder is responsible for the following in undertaking the role:
• Deliver on the scenario requirements for the Enterprise-wide Stress Testing (EST) exercises across the Group
• Carry out the EST stress testing analytics work for the group.
• Ensure compliance to EST procedures, methodologies and controls.
• Manage any all governance related aspects of the execution of scenario building
• Drive process improvements and best practices for more efficiency and productivity
• Deliver adequate documentation on stress testing methodology subject to management, model validation, audit & regulatory scrutiny.
• Deliver on the operational risk framework for the scenario enrichment
• Work towards building an efficient processes for the scenario development process and consumption of data by downstream systems like SSplice and SBAP
Processes
• The role holder will need to support the establishment and documentation of all processes and effective controls for the new hub in accordance with the broader stress testing team
People and Talent
• The role holder will need to support development and stabilisation a newly formed team, working across geographies
Risk Management
• Ensure all activity adheres to the Enterprise Risk Management Framework, relevant policies and standards, with a specific focus on ensuring an effective framework for the management of operational risks as they pertain to the role.
Governance
• Demonstrate an awareness and understanding of the regulatory framework in which the Group operates, and the regulatory requirements and expectations relevant to the role.
• Deliver 'effective governance'; capability to challenge colleagues effectively,or escalate appropriately; and willingness to work in an open and cooperative manner with all.
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 team to achieve the outcomes set out in the Bank's Conduct Principles: Fair Outcomes for Clients; Effective Financial Markets; Financial Crime Compliance; The Right Environment.
• Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
Key Stakeholders
• Scenario design team in London
• Stress Testing Team
• Enterprise Risk Management members
• Key Risk colleagues
• Business leadership
• Risk Transformation Programme Team
• Key operations and technology partners / vendors
Other Responsibilities
• As delegated by line management from time to time.
Our Ideal Candidate
• The role holder will have experience in:
• Good understanding of macro economics is essential
• Comfortable with various macro-econometric approaches
• Awareness of regulatory frameworks and Banking regulations
• CFA/FRM certification will be preferred
• Working across geographies and time zones
• Excellent oral, written communication and presentation skills
• Robust skills for qualitative and quantitative analysis financial and process
• Excellent academic background, preferably with a degree in a quantitative discipline, such as economics, finance, statistics/mathematics, sciences or engineering
• Understanding of SCB's key footprint markets will be added plus
• The role holder should comply with all mandatory e-learning as prescribed from time to time.
Role Specific Technical Competencies
• Results orientated, with attention to detail
• Excellent inter-personal skills; comfortable in building relationships, with outstanding written and oral communication skills with high competency in MS Word, Excel and PowerPoint
• Confident self-motivated person with a high level of drive and ability to operate in a fast-paced environment
• Good problem identification skills coupled with an analytical and pragmatic approach to proposing solutions
• Knowledge of and direct experience in stress testing at a major international bank, could be in a specific workstream such as market risk or credit risk, or at a group level, such as group risk or group finance. This should include Bank of England, HKMA, MAS or CCAR.
Forecasting and Modelling Skills
• Good working knowledge in SAS and MS Excel (Pivot Tables) to be able to use these on day 1
• Experience with data reporting tools (Tableau, PVT) and the like
• Strong IT skills such as SQL, VBA, Access skills are advantageous
About Standard Chartered
We're an international bank, nimble enough to act, big enough for impact. For more than 160 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
• Be better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term
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, parental/maternity (20 weeks), sabbatical (12 weeks 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
💡 Quick Summary
Seeking a career-building opportunity? The Manager Scenario Design position is now open for candidates interested in the Bank Jobs sector. This role in Bengaluru offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Bank Jobs is a plus.
