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Job Description & How to Apply Below
Overview
Job Summary
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
Risk Reporting
Market Risk Operations (MRO)
The team's activities include production and distribution of daily risk reports, monitoring of Market Risk Exposures against limits, where applicable at country, regional, global and group level for Rates, Commodities, Credit Trading, Equities, Convertible Bonds, Foreign Exchange, Foreign Exchange Options and XVA. Maintain static data information in respective systems (VAST2 and partially in PCT) & Preparation and distribution of governance packs.
To aid in infrastructure related changes/development including structural changes in EUCs which are used for generation of Daily / Weekly / Monthly / Quarterly risk reports. In addition, the team prepares Capital, RNiVs & Group level VaR reports that are used for external & regulatory reporting.
Key Responsibilities
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 & 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…
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