Assistant Manager - Stress Testing

ACCA Careers; Bengaluru; On-site; INR 1,800,000 - 3,200,000; Full time

Job summary

ACCA Careers in Bengaluru seeks an experienced risk professional to lead the Enterprise-wide Stress Testing efforts, focusing on Credit Risk, Balance Sheet and Income Statement projections, governance, and regulatory reporting.

You will drive process improvements, support model development, ensure EST procedures compliance, and collaborate with Enterprise Risk Management and Finance stakeholders to deliver robust stress testing outputs for management and regulators.

Qualifications

• CA or MBA/Finance graduate from a reputed institution.
• Good understanding of Balance Sheet/Income Statement accounting and/or Credit Risk concepts.
• Inquisitive and strong inclination towards learning more about Stress Testing / Regulatory reporting.
• Knowledge of MS Excel.
• Exceptional written / verbal communication skills – in this role you communicate with stakeholders across different levels of seniority.
• Flexible and adaptable; able to work in ambiguous situations independently.
• Display a methodical & meticulous approach to problem solving and root cause analysis.
• Be a team player and able to work collaboratively with others.
• Knowledge of IFRS9 Regulation; interest in data analysis tools (Tableau/Power BI) and Python is advantageous.

Responsibilities

• Deliver on the Credit Risk, Balance Sheet & Income Statement projections for the EST exercises.
• Carry out the movement analysis & write-ups for credit risk & BS/IS metrics.
• Ensure compliance to EST procedures, methodologies, and controls.
• Manage all governance related aspects of the execution of stress testing.
• Drive process improvements and best practices for more efficiency and productivity.
• Support development and maintenance of underlying models to enhance stress testing methodology.
• Deliver adequate documentation on stress testing methodology subject to management, model validation, audit & regulatory scrutiny.
• Deliver on the operational risk framework for the stress test process.
• Display exemplary conduct and adhere to regulatory and business conduct standards.

Skills

Financial Analysis

External Reporting

Effective Communications

Project Management

Process Management

IFRS9 Knowledge

Education

CA or Graduate + MBA (Finance) from a reputed institution

Tools

Python

Tableau

Power BI

Job description

• Deliver on the Credit Risk, Balance Sheet & Income Statement projections for the Enterprise-wide Stress Testing (EST) exercises
• Carry out the movement analysis & write-ups for credit risk & BS/IS metrics
• Ensure compliance to EST procedures, methodologies, and controls.
• Manage all governance related aspects of the execution of stress testing
• Drive process improvements and best practices for more efficiency and productivity
• Support development and maintenance of underlying models to enhance stress testing methodology.
• Deliver adequate documentation on stress testing methodology subject to management, model validation, audit & regulatory scrutiny.
• Deliver on the operational risk framework for the stress test process.

• Deliver on the Credit Risk, Balance Sheet & Income Statement projections for the Enterprise-wide Stress Testing (EST) exercises
• Carry out the movement analysis & write-ups for credit risk & BS/IS metrics
• Ensure compliance to EST procedures, methodologies, and controls.
• Manage all governance related aspects of the execution of stress testing
• Drive process improvements and best practices for more efficiency and productivity
• Support development and maintenance of underlying models to enhance stress testing methodology.
• Deliver adequate documentation on stress testing methodology subject to management, model validation, audit & regulatory scrutiny.
• Deliver on the operational risk framework for the stress test process.

Key Responsibilities

• Risk Management: Ensure all activity adheres to the Enterprise Risk Management Framework, relevant policies and standards, with a specific focus on ensuring an effective framework for the management of operational risks as they pertain to the role.
• Processes: The role holder will need to support the establishment and documentation of all processes and effective controls for the hub team in accordance with the broader stress testing team
• Governance: Demonstrate an awareness and understanding of the regulatory framework in which SCB operates, and the regulatory requirements and expectations relevant to the role.
• Deliver 'effective governance'; capability to challenge colleagues effectively or escalation appropriate; and willingness to work in an open and cooperative manner with all.

Business

• Stress Testing, as part of Finance, is an independent group function responsible for projecting the financials and capital/liquidity ratios of the entity in question given certain assumptions about Bank's policies and economic variables. The function plays a critical role in strategic business, regulatory and infrastructure initiatives which forms the Bank's future.
• Internal Stress Tests: Internal Capital Adequacy Assessment Process (ICAAP), Management Stress Tests (MST) etc.
• Regulatory Stress Tests: HKMA SDST, MAS Stress Test, BOE Stress Test, BOT Stress Test, Reverse Stress Tests etc.
• Climate Risk Stress Tests: A new area of analysis focussing on the impact of climate change on Banking industry
• Driving 'Digitisation': Responsible for designing, prototyping, and implementing strategic change initiatives to increase business efficiency of stress testing processes.
• The unit is Performance Driven with an aptitude to meet the expectations of Senior Management & Regulators by living the values of the organization in Doing the Right Thing and Better Together. The Never Settle attitude makes this unit unique in its approach to always be a Future-Fit organization

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.
• Effectively and collaboratively identify, elevate, 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

Skills And Experience

• Financial Analysis
• External Reporting
• Effective Communications
• Project Management
• Process Management

Qualifications

• CA or Graduate + MBA (Finance) from a reputed institution.
• Good understanding of Balance Sheet/Income Statement accounting and/or Credit Risk concepts.
• Inquisitive and strong inclination towards learning more about Stress Testing / Regulatory reporting.
• Knowledge of MS Excel
• Exceptional written / verbal communication skills – In this role you are expected to communicate with stakeholders across different levels of seniority.
• Flexible and adaptable; able to work in ambiguous situations independently.
• Display a methodical & meticulous approach to problem solving and root cause analysis
• Be a team player and able to work collaboratively with others

Desired Skills

• Knowledge of Python or equivalent software packages for data analysis
• Knowledge of data visualization tools like Tableau / Power BI
• Knowledge of IFRS9 Regulation

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