Lead, Stress Testing

Job Summary

The role holder will be part of the stress testing hub in Bangalore. Enterprise stress testing comprises the stress tests required by the Group, regions, country and risk management teams, and other senior stakeholders as required to inform Risk Appetite and the stress tests required by the Bank’s regulators.

The team has responsibility for the execution of the Bank’s stress test exercises internally and to external regulators. It is the centre of excellence for all strategic changes and operational controls, compliance attestation and policy setting for stress testing in the enterprise. As such, this individual will be working as part of a cohesive “strategy and execution” function. The team sets and runs the production schedule for stress testing.

The intent of the hub is to primarily run central workstream production tasks and sub-tasks during the running of each stress test exercise utilising ITO (Group IT) supported technology and produce management reporting on the same.

The successful candidate will play a key role in leading enterprise stress test exercises and spearhead the team in relation to the overall analytics of balance sheet, capital and leverage exposure metrics in the Bank’s stress test exercises. As lead for Capital and Analytics teams, the role holder should have a deep understanding of capital and should also be able to appreciate and explain drivers for Balance sheet, OCI and RWA movements.

The role holder will work closely with Head, Capital Stress testing of various entities including Group and material legal entities, Group Treasury and should be able to drive conversations on capital movements for the stress test exercises. This will include Resolution Planning, Management Stress tests, Recovery Planning Stress Testing, ICAAP, and BoE for the Group.

The role holder will play a key role in leading the preparation of stress testing forum (STF) decks and should also be able to present on various STFs. The role holder should also be able to address regulator queries and be able to directly manage meetings with such delegates.

In addition, he/she should be able to provide valuable inputs to help identify opportunities to improve stress testing current processes and own quantitative changes and change requests.

The role holder will also be responsible for the stress testing data sourcing and preparations, methodological calculations including the use of existing infrastructure and technology, producing quantitative charts and packs and other related requirements. In terms of regulatory reporting, deliver high-quality content for ICAAP, BoE and Recovery planning documents as well as produce data in STDF format, as per PRA BoE stress test requirements and similar data requirements issued by HKMA or MAS.

Additionally, ensure that the stress testing methods employed are compliant with EST procedures and any deviation is properly documented and approved.

Ensure compliance with the Operational Risk Framework requirements and that quantitative controls are in place and executed in full.

Drive improvements in the stress testing computations and automate manual processes for more efficiency and productivity.

Manage all correspondence via their nominated work stream leads, support functions and stakeholders.

Ensure compliance with governance related aspects of EST production and delivery.

This is a rapidly evolving space so the role holder must be comfortable with ambiguity and change.

Strategy

• Develop the strategic requirements for Capital & Analytics workstream and work to ensure the requirements are effectively implemented.
• Deliver insights from scenario modelling that inform the Group’s Stress Testing strategies, including combined capital and liquidity stresses.

Business

• The role holder is responsible for the following in undertaking the role:
• Strong Focus on Capital metrics like CET1, Tier 1, Total capital and Leverage ratio
• Able to understand movements in balance sheet assets and products, risk weighted assets and coordinate with work streams to implement corrections
• Execution of the Capital and Leverage Exposure stress test models for major entities and…