AVP, Climate Risk Scenario Analysis - Malaysia

Job Summary

The job holder will be based in Malaysia 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:

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.

Risk Management

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
• 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.

Key Stakeholders
• Senior business and risk stakeholders and their team members:
• Group Risk Framework Owners
• Global Head, Enterprise Risk Management
• Global Head, Stress Testing & Analytics
• Other stakeholders include:
• Regional and country stress testing teams
• Group Risk reporting
• Group Finance
• Group Strategy
• Group Sustainability
• Group Investor Relations
• Group Corporate Affairs
• Group Scenario Design team

Qualification And Competencies

Knowledge/Experience:
• Market Knowledge: 8-12 years of strong experience in Climate Risk and/or Credit Risk Management as well as global climate policies and industry trends within the space.
• Good communicator, in particular written communications in English
• Ability to explain complex matters in simple and intuitive terms
• Ability to track and report progress updates of multiple areas against milestones and highlight key issues
• Collaborative: working as part of a broader team to ensure a coordinated and consistent approach
• Good organiser of incoming requests within the team
• Ability to work with minimal direction
• Demonstrate understanding of and commitment to the Group's core values.
• Ownership mindset, able to think creatively and be open to new ideas
• Able to work with tight deadlines and multiple demands
• Attention to detail
• Proactive, problem-solving, helpful
• Strong experience in MS Excel and Power Point
• Experience with coding in SAS, R, Python
• Econometric/statistical model building experience preferred
• Experience with IFRS9, IRB, Stress testing models

Academic and professional background:
• Good knowledge of banking risk management and standards
• Understanding of Corporate, Institutional, and Commercial & Retail portfolios and products
• Previous experience in Climate or Credit risk management.

Interpersonal skills:
• The candidate should be highly motivated to rapidly advance the firm's plan to establish a comprehensive climate risk management framework within existing processes and help manage group and client’s climate risk.
• Strong written and verbal communication skills.
• Analytical and independent thinker.
• Excellent attention to detail and good time management.
• Initiative, creativity, and problem solving.

Competencies:
• Self-starter, ability to quickly assimilate and analyse large amounts of information across a variety of topics
• Proven ability to partner and collaborate across an organisation, support facilitation, with the ability to build a strong internal network across all levels of the organisation

About Standard Chartered

We're an international bank, nimble enough to act, big enough for impact. For more than 170 years, we've worked to make a positive difference for our clients, communities, and each other. We question the status quo, love a challenge and enjoy finding new opportunities to grow and do better than before. If you're looking for a career with purpose and you want to work for a bank making a difference, we want to hear from you. You can count on us to celebrate your unique talents and we can't wait to see the talents you can bring us.

Our purpose, to drive commerce and prosperity through our unique diversity, together with our brand promise, to be here for good are achieved by how we each live our valued behaviours. When you work with us, you'll see how we value difference and advocate inclusion.

Together we:

• Do the right thing and are assertive, challenge one another, and live with integrity, while putting the client at the heart of what we do
• Never settle, continuously striving to improve and innovate, keeping things simple and learning from doing well, and not so well
• Are better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term

What we offer

In line with our Fair Pay Charter, we offer a competitive salary and benefits to support your mental, physical, financial and social wellbeing.

• Core bank funding for retirement savings, medical and life insurance, with flexible and voluntary benefits available in some locations.
• Time-off including annual leave, parental/maternity (20 weeks), sabbatical (12 months maximum) and volunteering leave (3 days), along with minimum global standards for annual and public holiday, which is combined to 30 days minimum.
• Flexible working options based around home and office locations, with flexible working patterns.
• Proactive wellbeing support through Unmind, a market-leading digital wellbeing platform, development courses for resilience and other human skills, global Employee Assistance Programme, sick leave, mental health first-aiders and all sorts of self-help toolkits
• A continuous learning culture to support your growth, with opportunities to reskill and upskill and access to physical, virtual and digital learning.
• Being part of an inclusive and values driven organisation, one that embraces and celebrates our unique diversity, across our teams, business functions and geographies - everyone feels respected and can realise their full potential.

www.sc.com/careers