Job Location: Bangalore
Job: Risk
Primary Location: Asia-India-Bangalore
Schedule: Full-time
Employee Status: Permanent
Posting Date: 21/Feb/2022, 10:05:18 PM
Unposting Date: Ongoing
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
- The purpose of this role is to support the Global Head of Operational Risk (“OR”) in discharging their accountabilities through delivery of an array of expertise to CROs, Risk Officers and others across the SecondLine, as well as to relevant First-Line colleagues.
- This role will help in the leadership and management of the Insight and Monitoring OR team: Development and delivery of a programmed set of assessment, review and challenge around each NPRT to support all relevant attestations made around OR. The use of data and analytics to determine useful trends and comparison to enable meaningful and impactful insights to OR.
Strategy
- Operational Risk spans an array of potential for financial loss and negative impact on our clients and providers of capital. A developed understanding of this potential and the business case for minimising loss and impact is a requirement for this role.
- From a regulatory perspective, under Section 320 of the European Union Capital Requirements Regulation (CRR) banks are required to demonstrate the ability to identify their exposures to Operational Risk and have in place an appropriate system of monitoring and control, Understanding this and other relevant regulatory requirements and guidance in respect of Operational Risk is a requirement for this role.
- While risk management is carried out by the First-Line, the Group Operational Risk Team (GORT) team is accountable for monitoring and ensuring that Operational Risk is appropriately identified, assessed,understood/calibrated, controlled and managed, with Risk Appetite clearly articulated and supported by appropriate stress testing. GORT is also responsible for ensuring appropriate escalation, follow-up and learning from Operational Risk Events / Incidents. The role-holder is expected to deliver the required expertise to facilitate delivery of these GORT accountabilities by CROs, Risk Officers and others.
- Working in partnership with Country and Regional Second-Line Operational Risk experts, those charged with Operational Risk management in the First-Line and identified SMEs enterprise wide the team is charged with ensuring the adequacy of – and adherence to – a comprehensive Operational Risk Type Framework.
- The role-holder is required to understand the role and responsibilities of the GORT team as a whole and how these are discharged by the team, actively contributing to development and improvement in the same, as well as to remain informed of pertinent industry and organisational developments.
Business
The role-holder will support the delivery of OR related management information to Businesses and Functions in line with the Operational Risk strategy, in conjunction with Group Internal Audit and Compliance, is accurate, complete and timely. This includes review and challenge into Businesses’ and Functions’ to provide insights for internal and external stakeholders, and for committee purposes.
This will be achieved through delivery of the following:
- Management information: Process of sourcing, compiling aggregating and reporting data to generate OR reports. This management information for OR, should be timely, accurate and complete to enable impactful and meaningful insights and conversation.
- Use of Data Analytics : There are two broad elements: (i) The existing (historic) dataset be assessed for correlations, and other linkages / dependencies with a view to determining what predictive insight the data can offer; and (ii) Build the analytical engine to get insights into control environment using the realtime data generated on transaction platforms and static data systems of the bank.
- Working with OR Business Analysts and other stakeholders (eg. Process owners, control owner, operations units, risk data strategy teams etc.) to identify the appropriate data streams from the bank’s transaction platforms, static data systems, Control and MIS reports etc. and filter them as necessary to feed into measuring the identified control indicators
Processes
- Support the delivery of accurate and timely MI to committees and stakeholders in the Bank
- Act as an advocate for the GORT, its objectives and best practice in Operational Risk management more broadly where opportunity arises.
- Adhere to such other process and governance requirements as requested by line management, from time to time.
Risk Management
- Ensure all activity adheres to the Risk Management Framework, with a specific focus on ensuring an effective framework for the management of Operational Risks within the team as they pertain to the role.
Governance
- Demonstrate an awareness and understanding of the regulatory framework in which the Group operates, and the regulatory requirements and expectations relevant to the role.
- Deliver ‘effective governance’; capability to challenge colleagues effectively; and willingness to work in an open and cooperative manner with all.
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.
- Help lead the Insights and Monitoring OR Team to achieve the outcomes set out in the Bank’s Conduct Principles.
- Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
Key Stakeholders
- Group Operational Risk Team
- Country Operational Risk Team
- First Line and Third Line stakeholders
- Business leadership
- Key change, operations and technology partners / vendors
Other Responsibilities
- As delegated by line management from time to time.
Our Ideal Candidate
- A record of successful, high impact data analysis projects and outcomes
- A minimum of 2 years of experience in a data analysis role preferably within a risk function, a control function and/or previous experience in analysing business processes in a financial services environment
- Background with creating queries and scripts for data analysis
- Working knowledge of data analysis software; good understanding of data systems and data query and coding language methods, such as R, Python, SQL, SAS, ACL, and/or Tableau
- Advanced MS Excel skills including pivot tables, Vlookups, and creating macros (VBA)
- Outstanding project management and analytical skills with an ability to multi-task and manage competing priorities
- Outstanding communication skills, both oral and written
- Ability to participate within a multi-disciplinary team and be a strong team player
- Proven ability to oversee several tasks concurrently in an efficient and effective manner with a track record in creative and successful problem-solving
- Ability to identify opportunities for continuous improvements The role holder should comply with all mandatory e-learning as prescribed from time to time.
Apply now to join the Bank for those with big career ambitions.
To view information on our benefits including our flexible working please visit our career pages. We welcome conversations on flexible working.
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