Senior Manager, CIB Stress Testing, FP&A
acca careers
Job Summary This is a stress testing role that sits within Group FP&A. Stress testing is a comprehensive process that evaluates the capital adequacy and liquidity position of a bank under a severe but plausible stress scenario. This role would focus primarily at SCB Group , with need to get involved in other entities' stress tests when required. Stress testing at SCB Group Singapore entity covers important regulatory exercises annually such as ICAAP, BOE stress test , Recovery Plan Stress Test, Climate Stress tests as well as management stress tests. The scope for this role is Corporate and Investment Banking ('CIB') and the coverage is on credit risk. Key Responsibilities
- Support CIB on Enterprise Stress Testing and scenario analysis
- Engagement with Product Heads and CRO team to review stress test results and provide advisory on the impact of stress for the respective products and CIB collectively
- Product coverage includes all CIB products including structured finance
- Drive credit risk projections on EAD, PD, LGD, ECL, LI and RWA
- Socialise results with stakeholders through a robust review and challenge process
- Analyse and present results for forums and committees (CIB Stress Testing Forum, Group Stress Testing Forum, Group Risk Committee).
- Support data providers on data quality issues and enhancement of data granularity
- Support model owner(s) on model life cycle activities (change management, development, testing, validation, monitoring, etc)
- Develop a keen awareness and understanding of the Group's business strategy and model to support Stress Testing.
- Support the definition and roll out of enhanced stress testing operating model, governance and system solutions
- Maintain awareness and understanding of the wider business, economic and market environment in which the Group operates
- Identify, within stress testing activities, operational risk issues and areas of non-compliance with internal or external regulations and requirements and propose solutions and escalate appropriately to ensure appropriate control framework is in place.
- Ensure adequate model risk governance is followed in adopting stress testing models.
- Assess fundamental assumptions underlying global models; assess whether model overlays are appropriate given business and regulatory contexts, and are appropriately applied into central stress testing platform
- Ensure regulatory stress testing governance requirements are fulfilled, particularly with respect to industry wide stress tests, ICAAP and Recovery Plan exercises.
- Interpret requirements, expectations, and observations from regulator in relation to stress testing exercises.
- Direct comprehensive analysis throughout the year to identify areas for improvement.
- Participate in and provide ongoing support to audit and regulatory reviews and inquiries in relation to Stress Testing.
- 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.
- Understands complex interactions between economic and operational factors and their resulting impact to product, business line and financial results and position of the Bank;
- Strong written and verbal communication skills including the ability to effectively communicate and collaborate with various cross functional teams at all levels. Confidence in communication with senior management and in senior committees on Stress Test matters;
- Demonstrated ability for problem solving, working independently and attention to detail; Ability to use discretion and independent judgments; Ability to understand impacts of adverse economic and market scenarios;
- Ability to facilitate discussions and conduct working group meetings;
- Dedicated to information integrity and to producing high quality and insightful output and hitting deadlines where applicable; and
- Ability to manage multiple tasks successfully and efficiently in a fast paced, regulatory driven environment. Experienced in project management
- 10+ years experience in Banking industry;
- Demonstrate knowledge of regulatory stress testing such as ICAAP or Recovery Plan;
- Prior experience in Finance / Risk / Compliance/Audit/Governance and/or change management will be preferred;
- Understanding of financial reporting systems and standards (including IFRS 9), and / or project management / technology change preferred; and
- Degree in a numerate discipline (e.g. statistics, economics, mathematics or financial engineering)
- CFA, FRM and PRM will be considered favourably
- Knowledge on Credit Risk, IFRS9 and Basel IRB
- Knowledge on retail banking products
- Knowledge on balance sheet
- Excel
- Critical Thinking and Analytical skills
- Communication and Presentation skills
- 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
- 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.
Vacancy posted 1 day ago
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