Mgr, Stress Testing

Standard Chartered; Bengaluru; On-site; INR 10,00,000 - 15,00,000; Full time

Job summary

An international bank in India is seeking a qualified candidate for a key role in stress testing. The successful applicant will support Finance data preparation and compliance for stress testing initiatives. They will be responsible for data management and adherence to regulatory requirements, ensuring effective processes and delivering high-quality analytics. Candidates should have a strong background in finance and data analytics with relevant experience in credit risk management.

Benefits

Competitive salary and benefits

Flexible working options

Continuous learning opportunities

Proactive wellbeing support

Qualifications

• Relevant 5+ years of experience in Finance.
• Strong analytical mindset with problem solving skills.
• Excellent written and verbal communication skills.

Responsibilities

• Support Finance data preparation for stress testing initiatives.
• Drive improvements in stress testing computations.
• Validate and manage compliance for credit risk stress testing.

Skills

Data Analytics

Credit Risk Management

Stress Testing

SQL

Python

SAS

Tableau

Excel

Education

Bachelor's or Master's in Finance, Statistics, Mathematics, Computer Science

Tools

MS Excel

SQL

Python

SAS

Tableau

Job description

Overview

The successful candidate for this position will play a key role in executing the stress test models in relation to Central & Others (excluding treasury) in the Bank’s stress test exercises. He/She will be responsible for maintenance, execution & enhancement of a suite of Wholesale Credit risk and Central and Others items book excluding Treasury models. This will include Bank-of-England (BOE), Internal Capital Adequacy Assessment Process (ICAAP), Resolution Planning, Recovery Planning for the Group. 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. 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. Deliver a high quality Structured Template Data (STDF) Templates, as per the requirements set out by the Prudential Regulation Authority (PRA) in the Bank of England (BoE) stress test. 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.

Key Responsibilities

• The profile requires person should support in Finance data preparation both management and financial view to support to all the Enterprise-wide Stress testing initiatives like implementation of Group Stress Testing Data & Model.
• This includes developing and maintaining an efficient and controls design and operation, data management, regulatory compliance and overall documentation. The candidate will be involved in the Bank’s stress test exercises such as Internal Capital Adequacy Assessment Process (ICAAP) and Bank-of-England (BOE).
• Finance Data Hub
  Finance Hub’s primary responsibilities include Data Sourcing and Maintenance of Finance data. This involves a set of data wrangling activities – gathering, transforming, mapping, building business views and automation of sourcing processes that would help enrich the quality of data and make it appropriate for the downstream purposes such as analytics, reporting and visualization.
• Strategy
  Help to carry out analytics to decipher insights from FPP reports, balance sheets, ensure analytics practice being established and deployed effectively in GBS.
• Work with partner teams to create and build next generation analytics solutions
• Assess problem statements & propose potential solutions by advocating and enabling data-driven analytics
• Conduct thorough validation and data quality checks to ensure accurate and value adding solutions being delivered
• Wider knowledge in Credit Risk, Capital, Liquidity, Financial and Management view of bank
• Knowledge in Financial systems like, MRC , BPC, Financial Analytics, Aspire and PSGL is desirable
• Knowledge in SAS, Python, R, Advanced Excel is preferred

Business

• The role holder is responsible for the following in undertaking the role:
• Deliver on the Credit Risk requirements for the Enterprise-wide Stress Testing (EST) exercises across the Group
• Carry out the EST stress testing analytics work for Retail Clients, Private Banking and Corporate and Institutional clients.
• Ensure compliance to EST procedures, methodologies and controls.
• Manage any all governance related aspects of the execution of credit risk testing
• Drive process improvements and best practices for more efficiency and productivity
• Lead and manage the support staff necessary for the production of credit risk stress calculation for with a focus on the banking book (this could be in one or all of wholesale, retail and private banking / wealth management)
• Support development and maintenance of underlying models to enhance credit risk 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 credit risk stress test process.
• Work collaboratively with line manager support covering a wide range of stakeholders, across all seniority levels, to address urgent and strategic Finance management needs, conduct analytics and identify drivers of change in stress tests results
• Experience in handling Queries of regulators such as PRA (Bank of England)
• Work with Hub Model execution teams and onshore stakeholders to ensure accurate results are submitted to regulators and management
• Coordinate with ERM teams such as Stress Testing, ASPIRE ,Product controls and Finance Modelling to establish how existing results/analytics or processes can be leveraged

Processes

Provide expertise in migrating PoC projects to productionise in collaboration with various teams

People & Talent

Lead through example and demonstrate the bank’s culture and values

Risk Management

Identify, assess, monitor and mitigating risks to the Group relevant to Data Quality

Governance

• Ensure the adherence to Group BCBS 239 standards when appropriate
• Provide timely and high-quality responses to both internal and external queries and requests.

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, escalate, mitigate and resolve risk, conduct and compliance matters.

Key stakeholders

• CIB, Commercial & Retail model owners
• BVM stress testing
• Enterprise Risk Analytics
• CIB, Commercial & Retail Risk
• Group Internal Audit
• Group Operational Risk
• Technology
• CDO

Other Responsibilities

• Extensive knowledge in SQL, Python, SAS, Excel Automation and TABLEAU is an added advantage
• Strong analytical mindset with excellent analytical, logical, reasoning and problem solving skills.
• Bachelor or Master’s degree with technical degree preferred (Finance, statistics, mathematics, computer science, etc.)
• Strong analytical mindset with excellent analytical, logical, reasoning and problem solving skills.
• Hands-on experience in handling Finance data and best practices in data management
• Previous experience on Financial & Management reporting is an added advantage
• Excellent written and oral communication skills at all levels (i.e. colleagues to senior management) and situations (i.e. one-on-one to presentations)
• Exposure to advanced machine learning methodologies is a plus
• Self motivated and pro active

Qualifications

Graduation/BE/B. tech/MBA/MSC Stats, Chartered Accountant, Post-Graduation in Finance and with relevant 5+ years of experience.

Skills and Experience

General Skill Set:
• Strong knowledge in Data Analytics
• Awareness of trading environment, macroeconomic fundamentals, market moves & potential impact on exposures.
• Excellent communication skills - verbal and written
• Ability to work under pressure
• Have excellent attention to detail
• Be able to work in a global team
• Expertise in programming language is not required but good to have
• Working knowledge in MS Excel, SAS, Python, SQL, Tableau, R
• Knowledge about Finance and various business products
• Knowledge of Wholesale and Retail Credit Risk and Stress Testing
• Documentation skills
• Working knowledge of the Group’s businesses, governance structure and approach to risk management.
• Experience in team admin tasks/cost controller/project accountant role with familiarity to SCB project management standards / tools would be a distinct advantage
• Experience in Agile framework
• The role holder should comply with all mandatory e-learning as prescribed from time to time.
• Financial Analysis
• Stress Testing
• Credit Risk management
• External Reporting
• Effective Communications
• Project Management
• SQL
• Excel
• Data Sciences

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 thingand 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-offincluding 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 workingoptions based around home and office locations, with flexible working patterns.
• Proactive wellbeing supportthrough 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 cultureto 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.