Lead – Capital

The role holder will be a part of the stress testing hub in Bangalore. 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 team has responsibility for the execution of the Bank's stress test exercises internally and to external regulators. It is also the centre of excellence for all strategic changes and operational controls, compliance attestation and policy setting for stress testing in the enterprise. As such, this individual will be working as part of a cohesive "strategy and execution" function. The team sets and runs the production schedule for stress testing.

The intent of the hub is to primarily run central workstream production tasks and sub-tasks during the running of each stress test exercise utilising ITO (Group IT) supported technology and produce management reporting on the same.

The successful candidate for this position will play a key role in leading enterprise stress test exercises and spearhead the team in relation to the overall analytics of balance Sheet, capital and leverage exposure metrics in the Bank's stress test exercises. As lead for Capital and Analytics teams, the role holder should have a deep understanding of capital and should also be able to appreciate and explain drivers for Balance sheet, OCI and RWA movements. The role holder will work very closely with Head, Capital Stress testing of various entities including Group and material legal entities, Group Treasury and should be able to drive conversations on capital movements for the stress test exercises. This will include Resolution Planning, Management Stress tests, Recovery Planning Stress Testing, Internal Capital Adequacy Assessment Process (ICAAP), and Bank-of-England (BOE) for the Group.

• The role holder will play a key role in leading the preparation of stress testing forum (STF) decks and should also be able to present on various STFs. The role holder should also be able to address regulator queries and be able to directly manage meetings with such delegates.

• In addition, he/she should be able to provide valuable inputs to help identify opportunities to improve on stress testing current processes and own quantitative changes and change requests.

He/ she will also be responsible for the stress testing data sourcing and preparations, methodological calculations including the use of existing infrastructure and technology, producing quantitative charts and packs and other related requirements. In terms of regulatory reporting, the role holder should be able to deliver a high-quality content for ICAAP, BoE and Recovery planning documents as well as produce data in Structured Template Data (STDF) format, as per the requirements set out by the Prudential Regulation Authority (PRA) in the Bank of England (BoE) stress test and other similar date requirements issued by the likes of the Hong Kong Monetary Authority (HKMA) or Monetary Authority of Singapore (MAS)

Additionally, ensure that the stress testing methods employed are compliant with EST procedures and any deviation is properly documented and approved.

Ensure compliance with the Operational Risk Framework requirements and that quantitative controls are in place and executed in full.

Drive improvements in the stress testing 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.

This is a rapidly evolving space so the role holder must be comfortable with ambiguity and change.

Strategy*

• Develop the strategic requirements for Capital & Analytics workstream and work to ensure the requirements are effectively implemented.
• Deliver insights from scenario modelling that inform the Group's Stress Testing strategies, including combined capital and liquidity stresses.

Business*

The role holder is responsible for the following in undertaking the role:

• Strong Focus on Capital metrics likeCET1, Tier 1, Total capital and Leverage ratio
• Able to understand movements in balance sheet assets and products, risk weighted assets and get in touch with necessary workstreams to point out necessary corrections
• Execution of the Capital and Leverage Exposure stress test models for the major entities and be able to explain movements and key drivers
• Address second line of defence (2LOD) challenges on assumptions and speak to stakeholders to finalize results.
• Identify model weaknesses and lead initiatives on necessary corrections and model improvements.
• Lead transformative changes including migration of systems or platforms and lead automation of data extraction and model projection capabilities
• Consider all different dimensions –segment, geographies and products – of the bank
• Ensure input data quality, reconciliation, validation, consistency with various sources
• Work alongside global business stakeholders to develop, understand, and translate stress parameters into the final balance sheet projections metrics
• Manage execution timelines around the stress test exercises
• Analyse and present results in a concise yet informative manner to senior management
• Incorporate other areas of risk into current balance sheet / capital model.
• Support documentation of stress test model methodology, ensuring it is compliant with group governance standards
• Produce quantitative packs on the bank's liquidity / capital position in various stress scenarios
• Produce final numbers pack for submission
• Produce related data templates for external regulators (STDF)

Processes*

• Lead the Stress Testing projections for Capital including testing exercises for the Group MT, Board and Legal Entities.
• Ensure operational risk framework controls are exercised timely in accordance with RCSA
• Ensure spreadsheets are registered as EUCs as and when required
• Continuously improve the current financial projections capabilities and methodology, to ensure that projections are accurate and realistic, including capital and liquidity metrics.
• Liaise with stakeholders in getting inputs with the right level of granularity and ensure that financials are reconciled, including consistency in assumptions.
• Streamline current processes to ensure an efficient way of execution of the Capital Stress Testing.
• Ensure that documentations are up to date – including Playbook DOI, BoP, Process maps
• Work with BAU and Change teams to define vision for Capital & Liquidity Stress Testing and set requirements for enhancement through system and process changes.

People & Talent*

• 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

Risk Management*

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• Assess Risks within process and design and ensure execution of appropriate controls to mitigate inherent risks.
• Develop effective risk management and controls within modelling and analytics processes, including compliance with relevant model risk governance standards.
• Review relevant regulations, assess compliance and identify gaps. Prepare action plans to address gaps and execute against them

Governance*

• Understand the regulatory framework in which the Group operates in and responsible for delivering, particularly with respect to resolvability modelling and stress testing.
• Ensure that the process meets regulatory expectations and that gaps are identified and tracked. Outcomes, methodology and limitations are clearly explained to relevant stakeholders

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. This includes understanding and ensuring compliance with, in letter and spirit, all applicable laws, regulations, guidelines and the Group Code of Conduct.
• Lead the Stress Testing 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*

• Stress Testing Team
• Enterprise Risk Management members
• Key Finance & Risk colleagues
• Business leadership
• Stress Testing Transformation Programme Team
• Key operations and technology partners / vendors

Qualifications*

Training, licenses, memberships and certifications

The role holder will have experience in:

• Capital and/ or Treasury Reporting and/or Stress Testing
• Understand the bank's financial statement and have a good understanding of banking products, capital and liquidity requirements, accounting methods.
• Be able to identify movements or patterns and has strong Excel skills, ability to understand complex formulas, investigate financial projections and improve on the current process.
• Ability to prepare slides to management in a clear and succinct manner.
• Able to work under pressure and meet tight datelines.
• Working across geographies and time zones
• Excellent oral, written communication, and presentation skills
• CFA/CA/FRM/MBA or other accounting qualification is preferred but not essential
• Knowledge of SAS/Python/SQL is an added advantage