Team Leader, Market Risk Reporting

Job Description

*About Standard Chartered Were 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.Role Responsibilities Overview RRSD Unit faces the Group Risk Function with a peripheral support to CEO CIB Function. It handles wide spectrum of activities to support the Enterprise Risk Analytics, Traded Risk Management, Risk & Compliance Reporting teams of the Group Risk. The unit is also currently expanding itself to support the CEO CIB Office with Credit Portfolio Management.Traded Risk Management The Traded Risk Reporting team is responsible for the reporting, analytics and control of Traded Risk for the Financial Market (FM) trading books, across multiple asset classes including FX, Fixed Income, Interest Rates, Money Market, Equities, Credit and related derivatives. The is based in Singapore and the MI thus generated is used across Internal (Board Risk Committee Packs, Management Forums) and External (Regulators) stakeholders.Market Risk Operations(MRO) The teams activities include production and distribution of daily risk reports, monitoring of Market Risk Exposures against limits, where applicable at country, regional, global and group level for Rates, Commodities, Credit Trading, Equities, Convertible Bonds, Foreign Exchange and Foreign Exchange Options. Maintain static data information in respective systems (VAST2 and partially in PCT) & Preparation and distribution of governance packs. To aid in infrastructure related changes/development including structural changes in EUCs which are used for generation of Daily / Weekly / Monthly / Quarterly risk reports. In addition, the team prepares Capital & Group level VaR reports that are used for external & regulatory reporting.Strategy
• Ensure appropriate BAU controls are being established within Market and Credit Risk Operations 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 MCRO.
• Assist in Maintaining and developing MCRO 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
• Ensure a robust and appropriate key documentation are available and updated for the risk processes managed by the team. This includes process key control, operating instructions, process performance indicators (KPI) and process risk indictors (KRI).
• Actively engage with the relevant stakeholder in country with a view to improving and enhancing the reporting deliverables of MCRO team.
• Support the relevant committees and working group where market and credit risk has vested stakeholder interests.
• Acquire basic technical market and credit risk knowledge to be able to contribute to the understanding and be comprehensive of the significance and purpose of the risk processes performed by the team.
• Acquire knowledge surrounding the processes that are run by the team members so as to provide supervisory guidance.
• Ensure at all times sufficient depth of knowledge and staff strength in the MCRO team to maintain complete internal coverage (over holidays, absences, etc).
• Actively engage the in-country Senior Manager to: (1) set objectives for the team and align activities to support the business in an integrated and effective manner (2) facilitate the transfer of product and business knowledge through presentations and other learning and training sessions.
• Ensure adequate and appropriate staff resource (experience and capacity) is available and manage the recruitment process for the team. Engage actively with HR in facilitating the career progression of suitable talent within GBS.
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.
Key Stakeholders
• Group MTCR
• Group Treasury
• Treasury Markets
• Associated Technology partners
• Risk Teams
• Front office
• Business desks and COOs
Other Responsibilities
• Participate in at least 2 days of volunteering per year.
• Participate in engagement activities of Support services 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
• Post Graduation in Finance with relevant 3+ yrs experience
• Risk Certifications from established institutions is recommended.
• FRM Certified candidates will be preferred.
• Any technical Certification in MS Office Advanced tools / SQL / Tableau / SAS/ will be preferred.
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Keyskills :
coachingslaqualitycustomer relationsms officekeeping things simplesalesfixed income derivatives