Job Description

The Role Responsibilities

Job Role

The job holder will be a part of the Scenario Design Team which is involved in designing, maintaining and enriching regulatory and management stress scenarios for the Bank at group and country level.

They will be expected to become the subject matter expert on all areas relating to climate risk macroeconomics and help with the design and development of the modelling capacity to produce climate risk scenario expansions. This may involve reviewing and challenging solutions provided by external vendors.

The role will, in particular, support the Head of the Scenario Design Team with key activities as set out below

Strategy

• Design regulatory and non-regulatory climate risk scenarios.
• Perform scenario expansion of key climate risk economic variables across the Group\xe2\x80\x99s diverse footprint.
• Present baseline and alternative scenarios to senior managers in forums, expert panels and committees.
• Contribute to committee papers, structured data requests and other internal or external scenario-related reports.
• Foster good working relationships and solicit input from Global Businesses and Global Functions and, where relevant, external vendors to enhance scenarios.
• Contribute to the development of a robust operational risk framework for scenario design processes.
• Stay informed of all regulatory and industry developments related to the scenario work stream.

Business

• Broad awareness and understanding of business model and risk profile.
• Understanding of the bank\xe2\x80\x99s existing enterprise risk management framework, governance of the ERMF related requirements, wider stress testing and scenario analysis capabilities and existing processes, with an understanding of the climate risk stress testing and scenario analysis approach.

Processes

• Design and build controls for the Scenario analysis related workstream for Climate Risk.
• Evaluate relevant existing controls and contribute to designing new controls as required.
• Support development of a climate database, including sourcing of internal and external data and performing data quality checks as required.

People and Talent

• Work with team members in a collaborative manner.
• Foster a culture of knowledge sharing and learning.

Risk Management

• Understanding of various scenario families including NGFS, IPCC, and IEA scenarios.
• Understand and translating transmission channels of climate risks into financial system impacts.
• Familiarity with industry leading climate risk models and climate / ESG data providers, with fluency in the scope, capabilities and limitations of each tool and platform.
• Understanding of regulatory expectations with respect to climate risks including capital frameworks, etc.
• Experience in dealing with large complex, change projects and / or building / delivering new capabilities.
• A proven track record of liaising across diverse stakeholder groups; including senior managers, and large firm networks.
• Experience with scenario expansion and / or econometric modelling for scenario analysis and stress testing purposes.

Governance

• Ensure that outcomes delivered, including necessary controls are fit for purpose and meet regulatory requirements.
• Ensure the Bank\xe2\x80\x99s risk governance disciplines are adhered with.

Regulatory and Business 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.
• Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
• Display exemplary conduct and live by the Group\xe2\x80\x99s Values and Code of Conduct.

Key Stakeholders

Internal

• Climate Risk
• Stress Testing
• Finance
• Treasury
• Credit Risk
• Global Research
• ERM Management Team
• Country CROs and CEOs
• Regional CROs and CEOs
• Global and Regional Business Heads
• Group OR, Group COO and other business COOs

External

• Regulator, Consultants, Vendors

Other Responsibilities

• Embed Here for good and Group\xe2\x80\x99s brand and values in climate risk team.
• Lead the scenario analysis workstream for the group and countries.
• Point of contact for the country related climate stress tests and scenario analysis.
• Lead the reporting and TCFD requirements for countries.
• Promote Risk Governance.

Our Ideal Candidate

Academic and Professional Background

• Degree qualified in a numerate discipline (eg. Economics, Statistics, Mathematics, Engineering, Science).
• Some familiarity with wholesale and / or retail banking.

Knowledge / Experience

• 8 - 12 years of strong experience in Climate Risk and / or Credit Risk Management as well as global climate policies and industry trends within the space.
• Work experience as economist (macroeconomic or environmental economist), econometrician or quantitative analyst.
• Prior experience of developing projections in a banking environment.
• Good communicator, in particular written communications in English.
• Ability to explain complex matters in simple and intuitive terms.
• Ability to track and report progress updates of multiple areas against milestones and highlight key issues.
• Collaborative: working as part of a broader team to ensure a coordinated and consistent approach.
• Good organiser of incoming requests within the team.
• Ability to work with minimal direction.
• Demonstrate understanding of and commitment to the Group\'s core values.
• Ownership mindset, able to think creatively and be open to new ideas.
• Able to work with tight deadlines and multiple demands.
• Proactive, problem-solving, helpful.
• Strong experience in MS Excel and PowerPoint.
• Experience with coding in SAS, R, Python.
• Econometric/statistical model building experience preferred.
• Experience with IFRS9, IRB, Stress testing models.
• Attention to detail.

Interpersonal Skills

• Strong inter-personal and communication skills to work effectively with stakeholders from different functions; comfortable building relationships at various levels and across geographies.
• Self-motivated person with a high level of drive, dedication and desire to excel consistently.
• Focused and organised, with ability to prioritise and deliver effectively with fair degree of autonomy.
• Appreciation for new methods and technical developments to drive enhancements within the Scenario Design framework.

The candidate should be highly motivated to rapidly advance the firm\'s plan to establish a comprehensive climate risk management framework within existing processes and help manage group and client\xe2\x80\x99s climate risk.

• Strong written and verbal communication skills.
• Analytical and independent thinker.
• Excellent attention to detail and good time management.
• Initiative, creativity and problem solving.

Competencies

• Ability to explain complex matters in simple and intuitive terms.
• Ability to track and report progress updates of multiple areas against milestones and highlight key issues.
• Collaborative; working as part of a broader team to ensure a coordinated and consistent approach.
• Demonstrate understanding of and commitment to the Group\'s core values.
• Ownership mindset, able to think creatively and be open to new ideas.
• Able to work with tight deadlines and multiple demands.
• Good organizer of incoming requests within the team.
• Proactive, problem-solving, helpful.
• Attention to detail.

Role Specific Technical Competencies

• Good problem identification skills coupled with an analytical and pragmatic approach to proposing solutions
• Scenario design and expansion
• Forecasting Macroeconomic variables
• Economic / Political Risk Analysis

\xc2\xadAbout 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 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.

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