AVP, Climate Risk Stress Test-2400004090

Job Background/context

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:

• 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 Risk Governance

Strategy

• Lead 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 decision making and strategy, corporate and account planning. Ensure that appropriate risk parameters and business targets are set up and adequately consider Group’s stress results.
• Lead 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 lead 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

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• 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 stakeholders

• Senior business and risk stakeholders and their team members:
• Group Risk Framework Owners