AVP Scenario Design

Standard Chartered India; Bengaluru; On-site; INR 1,800,000 - 3,000,000; Full time

Benefits offered by this job

Flexible working

Generous leave policy

Wellbeing support

Learning & development

Job summary

Standard Chartered India is seeking a climate risk analytics expert to join the Scenario Design Team. You will design, maintain and enrich regulatory and management stress scenarios at group and country level, becoming the SME on climate scenario expansion and econometric modelling with external partners.

You will support the Head of the Scenario Design Team, collaborate with Global Businesses, and help build a robust climate data and modelling capability, contributing to NGFS/IPCC/IEA scenario

Qualifications

• Experience in scenario design and expansion.
• Strong ability to forecast macroeconomic variables.
• Knowledge of economic/political risk analysis.
• Proven analytical problem-solving skills.

Responsibilities

• Design and expand climate risk scenarios (NGFS/IPCC/IEA).
• Support modelling capacity to produce climate scenarios.
• Collaborate with external vendors on econometric models.
• Lead scenario analysis workstreams for group and country.
• Ensure regulatory alignment and governance for climate risk.

Skills

Scenario design

Forecasting macroeconomics

Economic/Political risk analysis

Problem solving & analytical thinking

Econometrics

Job description

Job Summary

The job holder will be a part of the Scenario Design Team which is involved in designing, maintaining and enriching regulatory and management stress scenarios for the Bank at group and country level. They will be expected to become the subject matter expert on all areas relating to climate scenario expansion (macro and sectorial) and help with the design and development of the modelling capacity to produce climate scenarios. This may involve working with external vendors to design and build econometric models. The role will, in particular, will support the Head of the Scenario Design Team with key activities as set out below:

Job Summary

The job holder will be a part of the Scenario Design Team which is involved in designing, maintaining and enriching regulatory and management stress scenarios for the Bank at group and country level. They will be expected to become the subject matter expert on all areas relating to climate scenario expansion (macro and sectorial) and help with the design and development of the modelling capacity to produce climate scenarios. This may involve working with external vendors to design and build econometric models. The role will, in particular, will support the Head of the Scenario Design Team with key activities as set out below:

Key Responsibilities

Strategy

• Design regulatory and non-regulatory climate risk scenarios.
• Perform scenario expansion of key climate risk economic variables across the Group’s diverse footprint.
• Present baseline and alternative scenarios to senior managers in forums, expert panels and committees.
• Contribute to committee papers, structured data requests and other internal or external scenario-related reports.
• Foster good working relationships and solicit input from Global Businesses and Global Functions and, where relevant, external vendors to enhance scenarios.
• Contribute to the development of a robust operational risk framework for scenario design processes
• Stay informed of all regulatory and industry developments related to the scenario work stream.

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 approach

Processes

• 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 learning

Risk 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

Governance

• Ensure that outcomes delivered, including necessary controls are fit for purpose and meet regulatory requirements
• Ensure the Bank’s risk governance disciplines are adhered with.

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

Internal

• Climate Risk
• Stress Testing
• Finance
• Treasury
• Credit Risk
• Global Research
• ERM Management Team
• Country CROs, and CEOs
• Regional CROs and CEOs
• Global and Regional Business Heads
• Group OR, Group COO and other business COOs

External

• Regulator, Consultants, Vendors

Other Responsibilities

• Embed Here for good and Group’s brand and values in climate risk team; Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures; Multiple functions (double hats);
• 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 Governance

Skills And Experience

• Scenario design and expansion
• Forecasting Macroeconomic variables
• Economic/Political Risk Analysis
• Good problem identification skills coupled with an analytical and pragmatic approach to proposing solutions
• Econometrics

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.