Senior Manager, Market Risk Management

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 Traded Risk Management Counterparty Credit Risk Reporting CCRR Top 50 Counterparty Credit Exposure Reporting is a weekly monthly quarterly reporting requirement from PRA The data is collated by PRA on behalf of European Banking Authority which is keen on understanding the movement of funds between large Corporate Groups FIs and Government bodies because of transactions done on Global Market Products Apart from top 50 the team produces daily weekly monthly Counterparty Credit Risk reports including 5 priority reports using a central reporting toolkit Covers an array of different exposure management and MIS reports that reach a gamut of TRM personnel and often under scrutiny and changes Strategy To ensure the Traded Risk Framework is effectively communicated and implemented across the Traded Products within Financial Markets FM and for administering related governance and reporting and improvement of Group Regional Policies and Processes To exercise direct Risk Control and Monitoring Ownership for Traded Risk across FM businesses in ASEAN To uphold the integrity of risk return decisions and in particular for ensuring that risks are properly assessed that risk return decisions are made transparently on the basis of this proper assessment and are controlled in accordance with the Group s standards and its Risk Appetite for FM businesses in ASEAN Key Responsibilities Business Appraise and contribute to the development of the Bank s strategic plans and alignment with risk appetite through supporting MANCO members and other executives Engage all stakeholders e g Business partners Market Risk Finance Legal and Compliance to raise their awareness of Financial Markets Product Risks and how these are managed by Traded Risk 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 General Management of the Traded Risk Management Function in ASEAN Facilitate Financial Markets business through approving Product Programs and Country Addendums ensuring proper counterparty limits set for liquidity management and for trading and revising credit excess approval guidelines to enhance framework for approval criteria turnaround time Manage risk exposures in the Trading Financial Markets Banking and Treasury Markets Fair Value portfolios Provide early warning and identify deteriorating credits Manage exposure down as required Contribute to the strategic intent and Collective Agenda for the Traded Risk Management function Maintain and develop risk capabilities skills and infrastructure to meet ongoing business needs and planso 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 Skills and Experience People Talent Set and monitor job descriptions and objectives for direct reports if any and provide feedback and rewards in line with their performance against those responsibilities and objectives Uphold and reinforce the independence of the Traded Risk Management function from those whose primary responsibility is to maximise short-term revenues and profits Lead by example and build the appropriate culture and values within Traded Risk Management function in ASEAN Works well individually as well as part of a team Able to meet tight deadlines with minimal direction Inquisitive with attention to detail Proactive attitude towards work Problem solving ability Demonstrates understanding of and commitment to the Group s core values Risk Management Risk Appetite Uphold the integrity of risk return decisions by challenging business and control function heads to demonstrate that risk origination and control decisions are properly informed and consistent with strategy and risk appetite Maintain alignment with risk appetite by rebalancing of risks or controls that may be required in response to internal and external factors Provide input for stress test on commodity price foreign exchange interest rate and scenario programme in Jump Risk and Global Regional Counterparty Credit Risk Forum Review the results and assess their implications Be alert to significant market movement and provide appropriate response to material events or other risk issues Risk Control Ownership of Credit and Operational Risk Ensure risk identification measurement reporting and modelling capabilities are objective consistent and compliant with applicable regulations Ensure that material risk exposures and related issues are reported to TRM Head ASEAN for notifying the responsible Financial Markets Product Governance Committees and to Group and Business-level committees as appropriate Design maintain and effectively communicate risk control parameters across Financial Markets including policies control standards risk exposure limits and other control levers in order to maintain Wholesale Bank s risk profile in line with the Group s risk appetite Ensure the completeness of Operational Risk Control activities i e KCIs CSTs Business Continuity Plan Recovery Exercise Fire Drills etc for Traded Risk Management TRM and identify and address any significant gaps that may exist between them Maintain a good understanding of the requirements of the Bank s key external stakeholders in respect of risk management and ensure these are well understood internally and reflected in internal procedures Governance Risk Governance Implement the overall Risk Management Framework for Traded Risk Products and oversee its effective application in ASEAN Assist the TRM Head ASEAN in contributing to provide input to the various risk committees and FM business control meeting on arising risk issues and new policies and processes Help ensure that global and regional business and product heads and all Risk Control Owners understand and accept their risk management responsibilities through Financial Markets local and regional committees Qualifications Substantial experience in risk management in the banking industry including demonstrated success in a similar role Team player with good communication skills and quick learner Good understanding on FM products and CCR Market risk methodology Good excel macro and Python skills coding capability would be a plus Signature Strength - Strong product knowledge in FI FX Credit Derivatives IR Derivatives Traded Risk with expertise in Data visualisation dashboarding and automation technologies Hands-on Tool - Programming skills in Python SQL API Development VBA MS Technologies Access Powerpoint Visualisation Tools Tableau PowerBI Workflow Automation Tools RPA Sharepoint Devops JIRA Jenkins Git knowledge of AI ML will be an added advantage Analytical mindset - Able to detect outliers by observing movements and trends in data Be able to investigate issues and identify the drivers 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 About Standard Chartered We re an international bank nimble enough to act big enough for impact For more than 170 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 Are better together we can be ourselves be inclusive see more good in others and work collectively to build for the long term What we offer 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 leave parental maternity 20 weeks sabbatical 12 months 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 16783