• Negotiable
  • Hong Kong
  • Permanent, Full time
  • Standard Chartered Bank Hong Kong
  • 2018-07-15

Manager, Stress Testing & Risk Appetite

  • Location: Hong Kong
  • Salary: Negotiable
  • Job Type: Full time

Leading the way in International Banking. We support the people and companies driving investment, trade and wealth creation across Asia, Africa and the Middle East. And our heritage and values are expressed in our brand promise - here for good. See our Brand and Values

Stress Test Coordination

  • Coordinate the Bank's Risk function in completion of regulatory stress tests
  • Liaise with Group and relevant functions such as Finance, Risk and Business functions in facilitating the setting of stress test scenario
  • Design stress testing project plan and ensure timely delivery of milestones per the plan and appropriate identification and management of cross stream dependencies
  • Work with peers to determine stress test requirements, to meet prescribed methodologies and model requirements, and engage relevant stakeholders at different levels of the organisation across Risk, Finance, Treasury, Group, etc., to facilitate communication in relation to stress testing
  • Manage relationships with local regulatory bodies in relation to stress test
Stress Test execution
  • Support the consolidation, documentation and submission of stress testing results of the Risk function
  • Review, challenge and clarify the stress testing outputs on an enterprise wide risk basis to ensure consistency and completeness in line with regulatory requirements
  • Prepare communication packs and reports on stress testing results for presentation to senior committees such as Stress Testing Forum, Executive Risk Committee and Board meetings
  • Coordinate across Risk and Compliance functions and Business as necessary to facilitate the setting of the Bank's Risk appetite
  • Support Risk Control Owners in interpreting regulatory and internal requirements with respect to risk appetite to propose appropriate appetite metrics and thresholds
  • Support monthly reporting against Risk Appetite and appropriate escalation of breaches
  • Facilitate Risk Control Owners and Business in proposing mitigating actions in respect of appetite breaches
Stress testing Governance

  • Interpret requirements, expectations and observations from regulator in relation to stress testing exercises. This includes keeping updated of the changes in regulatory requirements (such as those listed in HKMA's Supervisory Policy Manual) and internal policies and addressing any gaps identified
  • Own the stress testing framework and policies
  • Undertake comprehensive analysis throughout the stress testing cycle to identify areas for improvement
  • Participate in and provide ongoing support to audit and regulatory reviews and inquiries in relation to Stress testing
  • Manage the Bank's Stress Testing Forum to ensure regulatory stress testing governance requirements are fulfilled This includes minutes taking, action item tracking and management updates
Risk Appetite Governance
  • Interpret requirements, expectations and observations from regulator in relation to risk appetite
  • Undertake comprehensive analysis throughout the year to identify any areas for improvement
  • Participate in and provide ongoing support to audit and regulatory reviews and inquiries in relation to Risk appetite


Requirements:
  • Educated to degree level
  • 4+ years of experience in Banking industry
  • Demonstrate knowledge and understanding in regulatory stress testing such as ICAAP or Recovery Plan
  • Prior experience in Finance/Risk/Compliance/Audit/Governance
  • Understanding of financial reporting systems and standards (including IFRS 9), legal entities, and/or role of regulatory authorities preferred
  • Understands complex interactions between economic and operational factors and their resulting impact to product, business line and financial results and position of the Bank
  • Strong written and verbal communication skills
  • Demonstrated ability for problem solving, working independently and attention to detail


Hong Kong Hong Kong Hong Kong HK