Senior Manager, Country Risk
Bangalore, India | Standard Chartered
Industry:Banking / Investment Banking
Job Description:104 people have viewed this job
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
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. Various sub units underneath RRSD are listed below:
Enterprise Risk Management
Counterparty Credit Risk (CCR) Models
Traded Risk Management
Limits Monitoring Team
Risk & Compliance Reporting
Market Risk Operations (MRO)
Credit Risk Reporting (CRR)
Counterparty Credit Risk Reporting (CCRR)
Group Country Risk is a global team based in London and Singapore with country coverage split regionally, now expanding to Bangalore, with key tasks as below:
Set framework and policy for accessing risk by country
Review and monitor exposure limits by country, for cross border, domestic and intragroup risk
Maintain sovereign ratings for countries with cross border exposures
Monitor cross border transactions over certain tenor/amount
Investigate and resolve the country limit breaches
RWA analysis on notching differences for countries
Maintain Transfer Risk Ratings and Outlooks (Negative/Positive/Stable) for countries.
Group Risk Reporting
Reputational Risk Reporting
Compliance & MI
Risk Data Quality (RDQ)
CEO CIB Office
Credit & Portfolio Management (CPM)
Ensure appropriate BAU 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.
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.
Oversee and supervise the execution of all processes carried out by the team members, in accordance with all standard operating instructions.
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 RRSD team.
Support the relevant committees and working group where group risk has vested stakeholder interests.
Acquire basic technical 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.
Always ensure sufficient depth of knowledge and staff strength in the RRSD 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.
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
Embed new Operational Risk framework into monitoring processes and report any escalations to Management.
Monthly monitoring of CST and performance measurement of KCIs
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.
Group Traded Risk Management
Group Enterprise Risk Management Team
Group Risk & Compliance Infrastructure and change management
CEO, CIB office
Associated Technology partners
GBS Management team
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 / Business Continuity Planning as a DCC as appropriate and discharge the expected responsibilities.
Our Ideal Candidate
Post graduates / Professional qualification with 7/10/13+yrs experience in Risk domain
Risk Certifications from established institutions is recommended
FRM Certified candidates will be preferred
Any technical Certification in MS Office Advanced tools / SQL / Tableau / SAS / Python will be preferred
General Skill Set:
Commendable people management skills, including handling professionals
Strong knowledge in banking products across asset classes (FX/Rates/ Equity/ Credit and Commodities)
Awareness of trading environment, market moves & potential impact on exposures.
Excellent communication skills - verbal and written
Be able to work in a global team
Project management experience and documentation skills
Be able to implement strategic ideas and enhance productivity and efficiency levels
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