AVP, Climate Risk Stress Testing

Location: Bengaluru

Job Summary

The job holder will be based in Bangalore and focussing on providing support for the Group Climate Risk team.

The role holder will work in close alignment with a dedicated onshore manager that covers content driven topics and senior stakeholder management.

Key Responsibilities Include

Supervise the scenario analysis workstream for the group and countries
Point of contact for the country related climate stress tests and scenario analys
Supervise the reporting and TCFD requirements for countries
Promote Risk Governance

Key Responsibilities

Strategy

Spearhead and support the Climate Risk scenario workstream focussed on regulatory and management stress testing and scenario analysis, as well as periodic analysis including portfolio sensitivity analysis to both transition and physical risks.
Support the use of climate scenario analysis for various objectives, including risk management, business making choices and strategy, corporate and account planning. Ensure that appropriate risk parameters and business targets are set up and adequately consider Group's stress results.
Supervise the development of a climate scenarios knowledge base, including research into industry best practices, regulatory and academic developments.
Focus on execution while being innovative, ability to take accountability and find ways to be part of the solution even when identifying problems.
Support country teams in executing local climate risk related stress testing and scenario analysis needs.
Have an automation-based mind set To inspire the automation of the scenario analysis for countries.
Business
Broad awareness and understanding of business model and risk profile.
Understanding of the bank's 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 & 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
Ability to code in SAS, R, Python
Prior experience in stress testing, understanding of IFRS9, IRB models in credit retail and wholesale space
Ability to understand and appreciate the complex interlinkages between systems

Governance

Contribute to overall governance mechanisms (including committee oversight and individual approval authorities) for regulatory and management scenario analysis

Regulatory & 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's Values and Code of Conduct.

Key stakeholder

Senior business and risk stakeholders and their team members:
Group Risk Framework Owners
Global Head, Enterprise Risk Management
Global Head, Stress Testing & Analytics
Other stakeholders include:
Regional and country stress testing teams
Group Risk reporting
Group Finance
Group Strategy
Group Sustainability
Group Investor Relations
Group Corporate Affairs
Group Scenario Design team
Group Modelling team
Country engagements with CCROs and regional leads

Other Responsibilities

Embed Here for good and Group's brand and values in climate risk team;
Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures;
Multiple functions (double hats);
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…