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Senior Risk Analyst, Market Risk Rates

Employer
Standard Chartered
Location
Bangalore Bangalore Karnataka, Karnataka, India
Salary
Competitive Salary
Closing date
Feb 12, 2024

View more

Job Role
Risk Manager
Sector
Finance
Contract Type
Permanent
Hours
Full Time
The Role Responsibilities

Job Role

The role holder will manage Commodities risks within Financial Markets and ensure that requirements set in Traded Risk Framework (and associated policies) are satisfied.

The role comprises the following tasks
  • Daily monitoring of risk exposures for Rates and Macro Trading.
  • Follow up market risk related issues e.g. investigate and escalate limit excesses, potential concerns.
  • Develop knowledge in bonds and IR derivatives and become a key team member facing the business.
  • Provide risk / market analysis on key IRD markets for daily / weekly / monthly risk updates (highlight key risk issues where appropriate) and provide ad hoc analysis as required on an event basis.
  • Build a technical understanding of the Rates and Macro Trading business, products and limits structure.
  • Perform monthly regulatory reporting including RNIV, FDSF and MAS.
  • Assist senior managers to prepare market commentary.
  • Help reviewing risk control framework (including but not restricted to portfolio maintenance and risk reporting).
  • Perform user acceptance testing to support rollout of technology projects involving market risk.
  • Participation in ad hoc projects and requests.
  • Perform data quality review of VaR time series.
  • Liaise with traders and Market Risk teams regarding market data issues affecting P&L and risk.
  • Develop familiarity with the market data related static data in SABRE and Asset Control.
  • Assist with new market data set up and associated historical rate generation where required.

Processes
  • Ensure effective management of operational risks within the Function and compliance with applicable internal policies, and external laws and regulations.
  • Continuously improve the operational efficiency and effectiveness of Market Risk for Rates and Macro Trading.

People and Talent
  • Lead through example and build the appropriate culture and values within the Function and across the wider organisation.

Governance
  • Align the Group's Market risk management approach for Rates and Macro Trading to the Risk Management Framework and oversee its effective application.
  • Develop and maintain risk identification, measurement and modelling capabilities for Rates and Macro Trading that are objective, consistent and compliant with applicable regulations.
  • Ensure that material risk exposures and related issues for Rates and Macro Trading are reported to the responsible risk governance committees and to the Board Risk Committee.
  • Maintain an open and cooperative relationship in dealings with regulators.

Regulatory and 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.
  • Exercise authorities delegated by the Board of Directors and act in accordance with Articles of Association.

Key Stakeholders

Internal
  • Global Head of Macro Trading
  • Global Head, FM Electronic Trading and Platforms
  • Global Head, Automated Trading Quants
  • FM COO Office for Automated Trading
  • Business and Product Heads
  • Group Internal Audit
  • Group Enterprise Risk
  • Group Operational Risk
  • Group Compliance
  • Macro Trading Front Desk
  • Product Control
  • MAG
  • COO office

External
  • Key local regulators in the region
  • The Group's external auditors
  • Local governance bodies

Our Ideal Candidate
  • Bachelor's degree in Finance or any quantitative discipline (Science, Engineering).
  • 2 years of experience in Market risk experience preferred. CFA and FRM certifications would be advantageous.
  • Good IT skills (eg Microsoft Office suite, VBA, Python).
  • Takes ownership of assigned tasks and can manage mini-projects to final delivery.
  • Willing to learn and be able to overcome a steep learning curve in a relatively short period.
  • Very good writing and communication skills.
  • Analytical and problem solver.

Role Specific Technical Competencies
  • Market Risk
  • Commodities

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 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.

Recruitment assessments - some of our roles use assessments to help us understand how suitable you are for the role you've applied to. If you are invited to take an assessment, this is great news. It means your application has progressed to an important stage of our recruitment process.

Visit our careers website www.sc.com/careers

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