Senior Manager, RRP Stress Testing

Job Summary

Lead the resolvability modelling within the Group Stress Testing team, to support the Group’s Valuation in Resolution (ViR) Valuation 3 capability. The role will be responsible for the execution of the financial modelling for Valuation 3, continuously improve the current financial modelling capabilities, work with key stakeholders to ensure that the projections is in line with assumptions and inputs, and ensure that the process adheres to the necessary governance. Resolvability modelling is wide-ranging and includes capital, liquidity, and profitability metrics and has close engagement with senior management and stakeholders in Treasury, Risk, Finance, Businesses, Technology, Transformation and Operations, and Corporate Development. Experience of one of more of these subject areas is preferred.

The role also supports the execution of the Group’s Reverse Stress Test exercise which explores the Group vulnerability. The role requires an understanding of the bank’s balance sheet and its capital and liquidity requirements, as well as the linkages between commercial, operational, and financial aspects of resolvability scenarios. The multi-dimensional aspect of these scenarios differs to capital adequacy stress testing exercises and requires problem-solving, collaboration, and communication skills to bring together functional experts. It offers a unique opportunity to learn about the financials of the bank and to deliver insights that influence strategy and corporate planning activities.

Key Responsibilities

Strategy

• Develop the strategic requirements for resolvability and work with the Head, RRP Stress Testing and GPO Stress Testing to ensure these requirements are effectively implemented.
• Deliver insights from scenario modelling that inform the Group’s restructuring strategies, recovery plan, and corporate plan, including combined capital and liquidity stresses.

Business

• Work with relevant business, Finance, and Treasury to develop methodology for wind-down and disposal scenarios
• Engage with Treasury Liquidity team to connect funding-in-resolution analysis with valuation and financial projections
• Have a deep understanding of the Group’s financials and businesses and consult on areas of growth in the context of internal, external environment.
• Produce MIs for stakeholders for presentation, including the PRA, CFOs, and the Board.

Processes

• Lead the resolvability modelling for ViR Valuation 3 including testing exercises for the Group MT, Board, and Legal Entities.
• Continuously improve the current financial modelling 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 with other Vals.
• Streamline current processes to ensure an efficient way of execution of the Valuation 3 processes.
• Manage challenges from the second line of defence to the financial modelling and process
• Ensure that documentations are up to date – including Playbook, DOI, BoP, Aris map
• Work with BAU and Change teams to define vision for resolvability modelling and set requirements for enhancement of modelling capability through system and process changes.
• Support and drive the execution of the Reverse Stress Test exercise, held annually.

People & Talent

• This role will be supported by the Stress Test hub team.
• Guide the hub, ensure that the hub is well-trained and able to support the Valuation 3 processes.

Risk Management

• 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.

Skills and Experience

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, 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

• Head, Resolvability and Reverse Stress Testing, Stress Testing teams, Recovery and Resolution Planning team, Treasury, Risk

Other Responsibilities

• Embed Here for good and the Group’s brand and values in your everyday work.

Our Ideal Candidate

• 10+ years of experience in FP&A, Stress Testing, Treasury, Risk, business finance, corporate strategy or investor relations with specificfinancial institutions experience
• An ability to think both strategically and analytically and apply these skills to interpret internal and external events as they occur
• The individual should be fluent in reading bank financial statements and have a good understanding of banking products, capital and liquidity requirements, accounting methods and external disclosures
• Highly refined interpersonal and stakeholder communications skills as well as ability to extract and present key messages effectively
• A “Team player” approach is critical.
• CFA or accounting qualification is preferred but not essential
• Able to work under pressure and meet tight deadlines while delivering quality output to senior management

Role-Specific Technical Competencies

• Microsoft Office
• Accountancy
• Capital and Liquidity

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 well-being 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.

Recruitment Assessments

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For further information, and to apply, please visit our website via the “Apply” button below.