Manager, Stress Testing Review & Challenge

Standard Chartered Bank
Singapore, Singapore
13 Aug 2022
17 Aug 2022
Job Function
Risk Management
Industry Sector
Finance - General
Employment Type
Full Time
The Role Responsibilities
Stress Test Review & Challenge is an independent second line review team sitting within the Treasury CRO function. The team's mandate is to provide assurance to the Treasury CRO, senior management and our Group regulator (Prudential Regulation Authority) of the quality of stress test deliverables. Areas of responsibility encompass all aspects of stress testing including portfolio projections, model risk, management actions, etc. Enterprise stress tests comprise those required by the Group's management and Board to inform Risk Appetite and those required by the PRA, including ICAAP, Bank of England's annual cyclical scenario (ACS) stress test, recovery plan stress test, reverse stress test, and others as required. The team is also responsible for the reviewing other deliverables such as internal management stress tests, climate stress tests, stress testing at material legal entities and resolution planning.
  • Second line review and challenge of stress testing activities including:
    • Group ICAAP stress test and BoE ACS
    • Reverse Stress Test
    • Recovery Plan Stress Test
    • Climate stress tests
    • Internal management stress tests
    • Material legal entity stress tests (i.e. exercises conducted for subsidiaries' regulators)

  • Review end-to-end stress testing processes including methodologies, assumptions, models, judgmental overlays and documentation and form opinions on the intuitiveness of stress testing results.
  • Build strong relationships with key stakeholders in the stress testing process
  • Keep up to date on regulatory requirements and ensure that regulators' feedback is being addressed.
  • Participate in projects on an ad hoc basis.
  • In addition, the candidate may be tasked with reviewing elements of the Group Resolution Plan.
  • Support the Group in pursuit of our strategy by ensuring internal management stress tests properly measure how various downside scenarios could impact the Group's ability to achieve the Corporate Plan.


  • Ensure first line activities are conducted in accordance with applicable policies and regul atory guidance.
  • Provide feedback to ensure stress testing policy documents remain up to date, reflect any new requirements and incorporate any lessons learnt from prior stress test exercises.
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 to achieve the outcomes set out in the Bank's Conduct Principles.
  • Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
Key stakeholders
  • Stress test production team
  • Business segment heads
  • Business CROs
  • Regulators
  • Legal entity stress test teams
  • Group Internal Audit

Our Ideal Candidate
  • 5+ years of experience in risk modelling or market/liquidity risk with knowledge of IFRS
  • Prior exposure to stress testing such as ICAAP.
  • Prior exposure to and technical understanding of at least some of the following stress testing components:
    • Scenario design (macro and traded risk shocks)
    • Credit Risk - IFRS9 and/or IRB frameworks
    • Market Risk
    • Operational Risk
    • Business Volumes and Margins (e.g. balance sheet behaviour and pass through rates)
    • Capital (e.g. CET1 ratios, AT1, TLAC)
    • Liquidity
    • Management actions and Recovery Planning
    • Risk Appetite
    • Model Risk
  • Exposure to or interest in climate risk initiatives and stress tests.
  • Programming skills (especially SAS) & handling large datasets.
  • A degree in a quantitative discipline (e.g. Finance, Statistics, Engineering, Economics, Business, Accounting).
  • Good interpersonal & oral communication skills and a team player.
  • An ability to write clearly and concisely.
  • Flexibility and openness to new challenges.
Role Specific Technical Competencies
  • Operational Risk
  • Retail and Private Banking Credit Risk
  • C & I Credit
  • Market / Liquidity

About Standard Chartered
We're an international bank, nimble enough to act, big enough for impact. For more than 160 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
  • 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 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 you've 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

Similar jobs

Similar jobs

  • You need to sign in to save