AVP, Climate Risk Stress Test
2 weeks ago
Job Background/context
The job holder will be based in Bangalore and focussing on providing support for the Group Climate Risk team.
The role holder will work in close alignment with a dedicated onshore manager that covers content driven topics and senior stakeholder management.
Key Responsibilities include:
Lead the scenario analysis workstream for the group and countries Point of contact for the country related climate stress tests and scenario analysis Lead the reporting and TCFD requirements for countries Promote Risk GovernanceStrategy
Lead and support the Climate Risk scenario workstream focussed on regulatory and management stress testing and scenario analysis, as well as periodic analysis including portfolio sensitivity analysis to both transition and physical risks. Support the use of climate scenario analysis for various objectives, including risk management, business decision making and strategy, corporate and account planning. Ensure that appropriate risk parameters and business targets are set up and adequately consider Group’s stress results. Lead the development of a climate scenarios knowledge base, including research into industry best practices, regulatory and academic developments. Focus on execution while being innovative, ability to take accountability and find ways to be part of the solution even when identifying problems. Support country teams in executing local climate risk related stress testing and scenario analysis needs. Have an automation-based mind set to lead the automation of the scenario analysis for countries.Business
Broad awareness and understanding of business model and risk profile. Understanding of the bank’s existing enterprise risk management framework, governance of the ERMF related requirements, wider stress testing and scenario analysis capabilities and existing processes, with an understanding of the climate risk stress testing and scenario analysis approachProcesses
Design and build controls for the Scenario analysis related workstream for Climate Risk. Evaluate relevant existing controls and contribute to designing new controls as required. Support development of a climate database, including sourcing of internal and external data and performing data quality checks as required.People & Talent
Work with team members in a collaborative manner Foster a culture of knowledge sharing and learningRisk Management
Understanding of various scenario families including NGFS, IPCC, and IEA scenarios Understand and translating transmission channels of climate risks into financial system impacts Familiarity with industry leading climate risk models and climate/ESG data providers, with fluency in the scope, capabilities, and limitations of each tool and platform Understanding of regulatory expectations with respect to climate risks including capital frameworks etc Experience in dealing with large complex, change projects and/or building / delivering new capabilities A proven track record of liaising across diverse stakeholder groups; including senior managers, and large firm networks Experience with scenario expansion and/or econometric modelling for scenario analysis and stress testing purposes Ability to code in SAS, R, Python Prior experience in stress testing, understanding of IFRS9, IRB models in credit retail and wholesale space Ability to understand and appreciate the complex interlinkages between systemsGovernance
Contribute to overall governance mechanisms (including committee oversight and individual approval authorities) for regulatory and management scenario analysisRegulatory & Business 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. Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters Display exemplary conduct and live by the .Key stakeholders
Senior business and risk stakeholders and their team members: Group Risk Framework Owners Global Head, Enterprise Risk Management Global Head, Stress Testing & Analytics Other stakeholders include: Regional and country stress testing teams Group Risk reporting Group Finance Group Strategy Group Sustainability Group Investor Relations Group Corporate Affairs Group Scenario Design team Group Modelling team Country engagements with CCROs and regional leadsOther Responsibilities
Qualifications *
Training, licenses, memberships and certifications
Knowledge/Experience:
Market Knowledge: 8-12 years of strong experience in Climate Risk and/or Credit Risk Management as well as global climate policies and industry trends within the space. Good communicator, in particular written communications in English Ability to explain complex matters in simple and intuitive terms Ability to track and report progress updates of multiple areas against milestones and highlight key issues Collaborative: working as part of a broader team to ensure a coordinated and consistent approach Good organiser of incoming requests within the team Ability to work with minimal direction Demonstrate understanding of and commitment to the Group's core values. Ownership mindset, able to think creatively and be open to new ideas Able to work with tight deadlines and multiple demands Attention to detail Proactive, problem-solving, helpful Strong experience in MS Excel and Power Point Experience with coding in SAS, R, Python Econometric/statistical model building experience preferred Experience with IFRS9, IRB, Stress testing modelsAcademic and professional background:
Good knowledge of banking risk management and standards Understanding of Corporate, Institutional, and Commercial & Retail portfolios and products Previous experience in Climate or Credit risk management.Interpersonal skills:
The candidate should be highly motivated to rapidly advance the firm's plan to establish a comprehensive climate risk management framework within existing processes and help manage group and client’s climate risk. Strong written and verbal communication skills. Analytical and independent thinker. Excellent attention to detail and good time management. Initiative, creativity, and problem solving.Competencies:
Self-starter, ability to quickly assimilate and analyse large amounts of information across a variety of topics Proven ability to partner and collaborate across an organisation, support facilitation, with the ability to build a strong internal network across all levels of the organisationManage Risk
Experience in a financial institution, preferably in roles that involve development and monitoring of policies and frameworks for governance and risk management Good understanding of the banking industry regulatory landscape, preferably on Climate Risk and/or Credit Risk Ability to engage and collaborate with stakeholders at various levels across functions and geographies. Strong communication and project management skills. Strong analytical, writing skills and attention to detail. Self-motivated person with a high level of personal responsibility, drive, dedication, and a desire to excel consistently Effective in tracking and reporting progress updates of multiple areas and in highlighting key issues-
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