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Manager, Market Risk

Employer
Confidential
Location
Bangalore Bengaluru Karnataka, Karnataka, India
Salary
Competitive Salary
Closing date
Jun 24, 2024

View more

Job Role
Manager
Sector
Finance
Contract Type
Permanent
Hours
Full Time
This inclusive employer is a member of myGwork - the largest global platform for the LGBTQ+ business community.

Overview

JOB SUMMARY


  • RRSD Unit faces the Group Risk Function with a peripheral support to CEO CIB Function. It handles wide spectrum of activities to support the Enterprise Risk Analytics, Traded Risk Management, Risk & Compliance Reporting teams of the Group Risk. The unit is also currently expanding itself to support the CEO CIB Office with Credit Portfolio Management. Various sub-units underneath RRSD are listed below:
  • Enterprise Risk Management
  • Risk Reporting
  • Market Risk Operations (MRO)
  • The team's activities include production and distribution of daily risk reports, monitoring of Market Risk Exposures against limits, where applicable at country, regional, global and group level for Rates, Commodities, Credit Trading, Equities, Convertible Bonds, Foreign Exchange, Foreign Exchange Options and XVA. Maintain static data information in respective systems (VAST2 and partially in PCT) & Preparation and distribution of governance packs. To aid in infrastructure related changes/development including structural changes in EUCs which are used for generation of Daily / Weekly / Monthly / Quarterly risk reports. In addition, the team prepares Capital, RNiVs & Group level VaR reports that are used for external & regulatory reporting.

Responsibilities

Strategy

  • Ensure appropriate BAU controls are being established within RRSD and deployed effectively in GBS.
  • Support new Business requests through Product programmes and Country addendums
  • Look for possibilities of leveraging on synergy within the various process through automation thereby bringing in improvements.

Business

  • Communicate and pursue the strategic intent and agenda for RRSD
  • Assist in Maintaining and developing RRSD's capabilities, skills and infrastructure to meet ongoing business needs and plans
  • Lead the journey in automation of monitoring tools for all FM products.
  • Implement adequate data quality Operational Risk Controls in BAU processes and ensure Audit readiness
  • Lead and deliver the requirements of the Group in compliance to regulatory principals
  • Improve client experience through more efficient and effective monitoring of exceptions in tandem with Risk, Client Coverage and Front Office users

Processes

  • Oversee and supervise the execution of all processes carried out by the team members, in accordance with all standard operating instructions.
  • Ensure a robust and appropriate key documentation are available and updated for the risk processes managed by the team. This includes process key control, operating instructions, process performance indicators (KPI) and process risk indictors (KRI).
  • Actively engage with the relevant stakeholder in country with a view to improving and enhancing the reporting deliverables of RRSD team.
  • Support the relevant committees and working group where group risk has vested stakeholder interests.
  • Acquire basic technical risk knowledge to be able to contribute to the understanding and be comprehensive of the significance and purpose of the risk processes performed by the team.
  • Acquire knowledge surrounding the processes that are run by the team members so as to provide supervisory guidance.
  • Always ensure sufficient depth of knowledge and staff strength in the RRSD team to maintain complete internal coverage (over holidays, absences, etc.)
  • Actively engage the in-country Senior Manager to: (1) set objectives for the team and align activities to support the business in an integrated and effective manner (2) facilitate the transfer of product and business knowledge through presentations and other learning and training sessions.
  • Ensure adequate and appropriate staff resource (experience and capacity) is available and manage the recruitment process for the team. Engage actively with HR in facilitating the career progression of suitable talent within GBS.

People & Talent

  • Continued focus on recruitment and team diversity ensuring balance of team demographics
  • Continue to attract, motivate and retain superior talent in teams' under management.
  • Lead through example and build the appropriate culture and values within the Risk function and across the wider organisation
  • Ensure backup staff is identified and trained. Ensure succession planning for the processes handled at GBS

Risk Management

  • Embed new Operational Risk framework into monitoring processes and report any escalations to Management.
  • Monthly monitoring of CST and performance measurement of KCIs

Governance

  • Work closely with Operational Excellence & Change management team members to understand key issues and processes and drive automation of processes.
  • Adherence to mandatory certifications and operational requirements

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.

Key Stakeholders

  • Group Traded Risk Management (TRM)
  • Group Enterprise Risk Management Team
  • Group Risk & Compliance Infrastructure and change management
  • CEO, CIB office
  • Associated Technology partners
  • Business desks
  • GBS Management team

Other Responsibilities

  • Participate in at least 2 days of volunteering per year
  • Participate in engagement activities
  • Be motivated and actively engage in activities like innovation and automation initiatives
  • To hold assigned roles of First Aider / Fire Warden / ADCC as appropriate and discharge the expected responsibilities.

Our Ideal Candidate

  • For Grade F, G,H - Post graduates / Professional qualification with 7/10/13 yrs experience in Risk domain
  • Risk Certifications from established institutions is recommended
  • FRM Certified candidates will be preferred
  • Any technical Certification in MS Office Advanced tools / SQL / Tableau / SAS will be preferred

General Skill Set

  • Commendable people management skills, including handling professionals
  • Strong knowledge in banking products across asset classes (FX/Rates/ Equity/ Credit and Commodities)
  • Hands-on SQL, SAS, PYTHON
  • Awareness of trading environment, market moves & potential impact on exposures.
  • Excellent communication skills - verbal and written
  • Be able to work in a global team
  • Project management experience and documentation skills
  • Be able to implement strategic ideas and enhance productivity and efficiency levels
  • Significant Experience in major regulatory programs in the Risk/Finance, Banking industry - BCBS,IMM,CVA etc

Role Specific Technical Competencies

  • Manage Conduct
  • Manage Conduct
  • Manage Risk
  • Manage People
  • FM Products
  • Problem Solving skills
  • SAS/ Python/ SQL

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.
  • 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
Skills: Sas, Python, bcbs , Sql, cva

Experience: 7.00-13.00 Years

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