Analyst

Job Description

The Role ResponsibilitiesJob RoleThe role holder will be a part of the Economics team (Scenario Design) within the Stress Testing hub in Bangalore. The Economics team is involved in designing, maintaining and enriching stress scenarios for the Bank group, country-level stress tests, regulatory stress exercises and internal management scenarios.The team also maintains and develops the baseline scenario every quarter. Stress testing comprises the stress tests required by the Group, regions, country and risk management teams, and other senior stakeholders as required to inform risk appetite and the stress tests required by the Banks regulators.The stress testing hub is also the centre of excellence for all strategic changes and operational controls, compliance attestation and policy setting for stress testing in the enterprise.The Economics team is responsible for generating and / or rolling over the country-level and bank group-level economic stress scenarios which acts as an important input into the broader stress testing engines.The candidate has to have a strong grasp on economic concepts such as growth dynamics, interest rates, prices (inflation drivers) and Government debt. The candidate should be able to help design and maintain scenarios across countries and be able to interact with in-country experts on economic matters specific to those countries scenarios.The candidate is expected to help in prepare and enrich scenarios for the purpose of various stress test outputs in enterprise stress testing exercises for the Group as well and Countries (covering all the Group, Regions and Countries) and management scenarios. The candidate is also supposed to work with group team in creating scenarios for climate risk stress test.The candidate will primarily help with IFRS9 Baseline Generation and ad-hoc data and charting requests for the team.This will entail understanding the existing tools and improving upon them. The candidate should ensure proper governance mechanism is built and maintained for scenarios that the team builds. The candidate would also help the team prepare slides and research content supporting the respective scenarios developed (Quarterly update of the Economic Risk Monitor - a flagship product of the team).Ensure compliance with the Operational Risk Framework requirements and that quantitative controls are in place and executed in full.Drive improvements in the scenario 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 Stress Testing production and delivery.Business

• The role holder is responsible for the following in undertaking the role
• Deliver on the scenario requirements for the Stress Testing exercises across the Group.
• Ensure compliance to Stress Testing procedures, methodologies, and controls.
• Manage any governance related aspects of the execution of scenario building.
• Drive process improvements and best practices for more efficiency and productivity.
• Deliver adequate documentation on stress testing methodology subject to management, model validation, audit and regulatory scrutiny.
• Deliver on the operational risk framework for the scenario enrichment.
• Work towards building an efficient processes for the scenario development process and consumption of data by downstream systems.

Processes

• The role holder will need to support the establishment and documentation of all processes and effective controls for the new hub in accordance with the broader stress testing team.

People and Talent

• The role holder will need to support development and stabilisation a newly formed team, working across geographies.

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.

Governance

• Demonstrate an awareness and understanding of the regulatory framework in which the Group operates, and the regulatory requirements and expectations relevant to the role.
• Deliver effective governance capability to challenge colleagues effectively, or escalate appropriately and willingness to work in an open and cooperative manner with all.

Regulatory and Business Conduct

• Display exemplary conduct and live by the Groups 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

• Scenario design 2nd Line of Defense (2LOD) team in London
• Stress Testing Team
• Enterprise Risk Management members
• Key Risk colleagues
• Business leadership
• Stress testing and Risk IT teams
• Key operations and technology partners / vendors

Our Ideal Candidate

• Preferably from Economics Masters background from a reputed university. Courses on Python (Numpy, Pandas) and data analytics is an added advantage
• The ideal experience required is 1 - 3 years in economics related fields.
• Advanced knowledge of excel is a must, working knowledge of statistical packages (R, Matlab, Python modules) is a plus.

Role Specific Technical Competencies

• MS Excel
• Bloomberg Terminal and API
• Python (Numpy, Pandas)
• MATLAB
• Communication Skills
• Ability to work across different stakeholders
• Steep learning curve to pick up new projects

About Standard CharteredWere an international bank, nimble enough to act, big enough for impact. For more than 160 years, weve 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 youre 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 cant 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, youll 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
• Be better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term

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, parental/maternity (20 weeks), sabbatical (12 weeks maximum) and volunteering leave (3 days), along with 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.

Recruitment assessments - some of our roles use assessments to help us understand how suitable you are for the role youve applied to. If you are invited to take an assessment, this is great news. It means your application has progressed to an important stage of our recruitment process.Visit our careers website

Keyskills :
Data AnalyticspythonExcelstatistical packagesCommunication Skills