Analyst - Stress Testing

Job Description

Key Roles & ResponsibilitiesThe role holder will ensure the integrity of stress test data.Specifically, the key responsibilities would include:

• Design and build SAS-based tools for the automated population, validation and reconciliation of stress test data.

• Ensure that the validation and reconciliation of stress test data meets all regulatory requirements.

• Establish and maintain a data ownership and governance framework for the stress test data templates.

• Identify gaps in data quality and collaborate with various stakeholders to resolve them.

• Convene & Manage Stress Testing Data Quality Forum , highlight data quality gaps and plan of action for remediation coordinating with various stakeholders

Required Qualifications & SkillsThe ideal candidate should possess the following:

• Detailed knowledge of and direct experience in assuring stress test data integrity Bank of England or CCAR. Knowledge of the Bank of England s Stress Test Data Framework is required.

• Prior experience of conducting a capital stress test involving projections of asset, income, impairments or any other key metric.

• Direct experience in SAS programming and macro-programming on excel using VBA. Knowledge of MS SQL, MS Access, Axiom will be considered a plus.

• Expertise in using MS Office tools Word, Excel and PowerPoint and Tableau.

• Strong creativity and problem-solving abilities.

• Confident self-motivated person with a high level of drive and ability to operate in a fast-paced environment with multiple stakeholders.

• Excellent written and verbal communication skills

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 and other similar date requirements issued by the likes of the Hong Kong Monetary Authority (HKMA) or Monetary Authority of Singapore (MAS)Ensure that the stress testing methods employed are compliant with EST procedures, policies and Data Quality standards 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 deliverEnsure compliance with the BCBS239 principles for effective risk reporting and data aggregationThis is a rapidly evolving space so the role holder must be comfortable with ambiguity and change.BusinessThe role holder is responsible for the following in undertaking the role:

1. Stress Testing Model execution

• Support of the Group s Balance Sheet, Profit & Loss and Tax modelling methodology, assumptions, compliance requirements.
• Automation, maintenance, enhancement, and execution of the stress test models for the balance sheet and P&L, considering various dimensions including segments, geographies and products.
• Work alongside workstream leads to develop and prepare quantitative financial projections
• Translate business and market drivers into financial projections, especially for wholesale banking products.
• Identify model risks and quantify impact
• Automation and maintenance of the data templates that are used for regulatory submission for all the banks regulators
• Ensure data quality, reconciliation, validation, consistency with various sources.

1. Interface Planning and Support

• Execute to the timelines for each of the stress test exercises
• Support documentation of stress test models, methodology and basis of preparation
• Support process, controls, and documentation requirements
• Assist to engage, influence and maintain successful working relationships with:
  • Risk teams for all scenario and risk workstream analysis and results
  • Technology, to implement model updates into the Central Stress Testing platform
  • Workstream leads to prepare outputs from the models
  • Business and other stakeholders, for source/upstream data requirements

1. Analytics and Advisory

• Prepare presentation decks for workstream management on Stress Test results for Wholesale products
• Analysis and benchmarking of stress and base case scenarios
• Analyse the Group s stress test financials for Balance Sheet and P&L, to ensure reasonableness and accuracy in projections
• Consolidate and report results to workstream management

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 & 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.
• Lead the team to achieve the outcomes set out in the Bank s Conduct Principles: Fair Outcomes for Clients; Effective Financial Markets; Financial Crime Compliance; The Right Environment.
• Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.

Key Stakeholders

• Stress Testing Team
• Enterprise Risk Management members
• Key Risk colleagues
• Business leadership
• Risk Transformation Programme Team
• Key operations and technology partners / vendors

Other Responsibilities

• As delegated by line management from time to time.

Our Ideal CandidateThe role holder will have experience in:

• Regulatory reporting in the financial services industry
• Knowledge of regulatory frameworks and Banking regulations
• Full or partial qualifications like CFA or FRM will be considered favourably
• Working across geographies and timezones
• Excellent oral, written communication and presentation skills
• Robust skills for qualitative and quantitative analysis e.g. financial and process
• Excellent academic background, preferably with a degree in a quantitative discipline, such as economics, finance, statistics/mathematics, sciences or engineering
• Understanding of SCB s key footprint markets will be added plus

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Keyskills :
ms sqltest databalance sheetdata integrityenterprise risk managementstress testingms office toolsms officedata qualityrisk management frameworkrisk managementstress testms access