Business Analyst, CCR models

Job Description

*About Standard Chartered We are a leading international bank focused on helping people and companies prosper across Asia, Africa and the Middle East. To us, good performance is about much more than turning a profit. Its about showing how you embody our valued behaviours - do the right thing, better together and never settle - as well as our brand promise, Here for good. Were committed to promoting equality in the workplace and creating an inclusive and flexible culture - one where everyone can realise their full potential and make a positive contribution to our organisation. This in turn helps us to provide better support to our broad client base.The Role ResponsibilitiesCCR Models team primarily support Sales, Structuring and Trading by advising pre-deal credit exposure (PFE and EE) for FX, FXO, IRD, Equity Derivatives, Credit Derivatives, Fixed Income and Commodities trades to enable traders to price the credit risk on potential deals & check that they are not going to be in breach of credit limits. Provide advice on credit-exposure related issues to the Front Office risk sensitivity/risk profiling/ risk mitigants/ risk quantification methodologies. Work with Risk Analytics to develop haircut tools for Front Office and Exposure Management Team. Advice on haircuts / initial margins for financing or margined funds trades in accordance to Credit Policies. Provide periodic transactional advisory to credit and business stakeholders. Monthly Independent Assessment to provide realistic estimate of EE and PFE to Sales and TRM for better decision making. In addition to the above, the team undertakes weekly verification of the hypothetical back testing portfolio and any UAT testing that are required.The CCRM team require a Business Analyst with strong background in Counterparty Credit Risk (CCR) modelling for derivatives for the delivery of multiple work streams under the strategic Credit Risk development.Strategy

• Ensure appropriate controls are being established within RRSD and deployed effectively in GBS.
• Support new Business requests through Product programmes and Country addendums
• Look for possibilities of leveraging on synergy within the various process through automation thereby bringing in improvements.

Business

• Communicate and pursue the strategic intent and agenda for RRSD
• Assist in Maintaining and developing RRSD s capabilities, skills and infrastructure to meet ongoing business needs and plans
• Lead the journey in automation of monitoring tools for all FM products.
• Implement adequate data quality Operational Risk Controls in BAU processes and ensure Audit readiness
• Lead and deliver the requirements of the Group in compliance to regulatory principals
• Improve client experience through more efficient and effective monitoring of exceptions in tandem with Risk, Client Coverage and Front Office users.

Processes - Key Roles & Responsibilities

• Deep dive to understand, test and document existing and on-going works on trade transformation for CCR trade valuations;
• Drive future state requirements, work closely with stakeholders and users to analyse and understand the change requirements, and develop a roadmap for the transition of the CCR system to SABRE;
• Provide liaison to the technology delivery teams to ensure that the requirements are clearly understood, and solution options identified
• Work with the vendors and internal technology teams in facilitating their specification work
• Build relationships with key stakeholders: Business, Fellow Change leaders inside and outside of Risk, ITO and Front Office

People and Talent

• Continued focus on recruitment and team diversity ensuring balance of team demographics
• Continue to attract, motivate and retain superior talent in teams under management.
• Lead through example and build the appropriate culture and values within the Risk function and across the wider organisation
• Ensure backup staff is identified and trained. Ensure succession planning for the processes handled at GBS

Risk Management

• Embed new Operational Risk framework into monitoring processes and report any escalations to Management.
• Monthly monitoring of CST and performance measurement of KCIs

Governance

• Work closely with Operational Excellence & Change management team members to understand key issues and processes and drive automation of processes.
• Adherence to mandatory certifications and operational requirements

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 [RRSD 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

• Group Traded Risk Management
• Group Enterprise Risk Management Team
• Group Risk & Compliance Infrastructure and change management
• CEO, CIB office
• Associated Technology partners
• Business desks
• GBS Management team

Other Responsibilities

• Participate in at least 2 days of volunteering per year
• Participate in engagement activities of Risk Ops and GBS
• Be motivated and actively engage in activities like innovation and automation initiatives
• To hold assigned roles of First Aider / Fire Warden / ADCC as appropriate and discharge the expected responsibilities.

Our Ideal Candidate

• Master degree in a quantitative discipline (physics, engineering, mathematics, mathematical finance)
• Extensive knowledge of Monte Carlo techniques, risk factor simulation, derivatives pricing, and margin operations.
• Excellent oral and written communication skills
• Strong full-life-cycle project experience
• Significant stakeholder experience working with senior stakeholders to deliver change
• Significant Experience in major regulatory programs in the Risk/Finance, Banking industry
• Proven experience in co-ordination of many dependencies and multiple demanding stakeholders in a complex, large-scale deployment environment

Desirable but not Essential

• In-depth knowledge of models for XVA is a plus
• Prior experience with CCR regulatory capital calculation, such as IMM/SA-CCR, preferred.
• Experienced user of one or more programming languages (e.g. C++/C#, Excel/VBA, Matlab).
• Experience of working with Global and Local regulators (e.g. PRA, MAS etc)

Apply now to join the Bank for those with big career ambitions. To view information on our benefits including our flexible working please visit our career pages . We welcome conversations on flexible working.,

Keyskills :
new businessfunctionalcustomer relationsrequirementsfixed incomebusiness requirementsrisk managementfront officedocumentationrisk analyticsenterprise risk managementdata qualitycredit riskmonte carlo