Manager, Stress Test Modelling

Standard Chartered Bank
Singapore, Singapore
Jun 05, 2019
Jul 04, 2019
Job Function
Risk Management
Industry Sector
Finance - General
Employment Type
Full Time
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. It's 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.

We're 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 Responsibilities

This role reports directly to the Senior Manager - Stress Testing seated within the Enterprise Risk Management team. The successful candidate for this position will play a key role in supporting the development, maintenance, enhancement, and execution of the stress test models in relation to the Balance Sheet, P&L, and Capital Requirements in the Bank's stress test exercises such as the Internal Capital Adequacy Assessment Process (ICAAP) and Bank-of-England (BOE).
This role's key components may include, but not limited to:

Analytics and Advisory
  • Prepare analysis and presentation decks for senior management and business stakeholders, on Stress Test results across all products.
  • Analysis and benchmarking of stress and base case scenarios for each of the products in the bank.
  • Analyse the Group's stress test financials for Balance Sheet and P&L, to ensure consistency in projection across all products.
  • Consolidate and report results to businesses. Identify conclusions and proposals for proactive action and decision making.
Stress Testing Modelling
  • Support of the Group's (Retail 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 business stakeholders to develop, understand, and translate business impacts into financial projections
  • Understand and translate business and market drivers into financial projections, especially for wholesale banking products.
  • Identify model risks and quantify impact
  • Automation and maintenance of the BOE templates that are used for regulatory submission.
  • Ensure data quality, reconciliation, validation, consistency with various sources.
Interface Planning and Support
  • Manage timelines around 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
  • Review and Challenge, to explain our models methodology and assumptions
  • Business and other stakeholders, for source/upstream data requirements

Our Ideal Candidate
  • Degree in a numerate discipline (e.g. statistics, economics, mathematics or financial engineering)
  • Candidate has to be a chartered accountant
  • Forecasting and modelling skills
  • Banking product knowledge
  • Highly responsive with excellent communication and presentation skills, and the ability to explain complex matters in simple and intuitive terms, to non-technical audiences
  • Full or partial qualifications like CFA or FRM will be considered favourably
  • Strong SAS/Essbase knowledge would be an advantage
  • Strong Excel knowledge and abilities
  • Good knowledge of accounting
  • Strong critical thinking and analytical skills
  • Ability to work in high pressure environments
  • Proactive and independent self-starter
  • Clear and positive verbal communication skills to engage with the broader team and stakeholders

Apply now to join the Bank for those with big career ambitions.

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