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Senior Manager, Country Risk

Bangalore, India | Standard Chartered

  • Industry:
    Banking / Investment Banking
  • Position Type:
    Full-Time
  • Functions:
    Risk Management
    Project Management
  • Experience:
    7-10 years
    10-12 years
    12-15 years
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


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. Various sub units underneath RRSD are listed below:


 Enterprise Risk Management

Counterparty Credit Risk (CCR) Models

IFRS9

Traded Risk Management

Limits Monitoring Team

Risk & Compliance Reporting

Market Risk Operations (MRO)

Credit Risk Reporting (CRR)

Counterparty Credit Risk Reporting (CCRR)

Country Risk


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

GOR Reporting

Compliance & MI

Risk Data Quality (RDQ)

CEO CIB Office

Credit & Portfolio Management (CPM)

Strategy

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.

Business

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.

Processes

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

Risk Management

Embed new Operational Risk framework into monitoring processes and report any escalations to Management.

Monthly monitoring of CST and performance measurement of KCIs

Governance

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.

Key Stakeholders

Group Traded Risk Management

Group Enterprise Risk Management Team

Group Risk & Compliance Infrastructure and change management

CEO, CIB office

Associated Technology partners

Business desks

GBS Management team

Other Responsibilities

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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