Job Details

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Senior Risk Economist and Head, Scenario Design

London, United Kingdom, £ £ - Annual Annual, Permanent


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

  • Perform sovereign, macroeconomic and justification risk assessments for key countries in which SCB operates, and provide opinions that inform sovereign ratings, country risk limit assignment and risk appetite.
  • Lead the production and socialisation of scenarios.
  • Should be able to articulate in detail the scenarios and overlays.
  • Identify and design scenarios that could help inform BAU risk management via stress testing.
  • Build strong relationships with key senior stakeholders, including: the business CROs, the Global Head of Stress Testing, the Global Head of Independent Review, the Global Head of Financial Planning & Analysis and the Group\'s Chief Economist.
  • Ensure a robust control environment for the production of scenarios.
  • Oversee the ongoing enhancement and ensure effective implementation of the Economic Scenario Generator and recalibrate the scenario engine and equations to ensure that the output is relevant.
  • Drive the linkage between economic scenario and country risk assessments.

Processes & Operational Efficiency
  • Oversee all processes relating to scenario design.
  • Ensure effective management of operational risks within the scenario design team and compliance with applicable internal policies, and external laws and regulations.
  • Oversee processes to ensure ongoing identification of opportunities for building efficiencies in the processes owned by the scenario design team.

People and Talent
  • Manage, coach and develop members of the team specifically on macroeconomics.
  • Develop a high performing team.
  • Foster an environment of continuous improvement.
  • Lead through example and live the Group\'s valued behaviours.

Regulatory & Business Conduct
  • Display exemplary conduct and live by the Group\'s 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.
  • Lead the team to achieve the outcomes set out in the Bank\'s Conduct Principles: The Right Environment.
  • Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.

Our Ideal Candidate
We are looking for someone who has the following skills and experience:

  • Post-graduate degree in macroeconomics.
  • Knowledge of and direct experience in macroeconomic modelling.
  • Knowledge of and direct experience in scenario design at a policy institution, a major independent forecasting firm or a major international bank.
  • Strong understanding of the PRA requirements on scenario design for stress tests and the IFRS 9 requirements on economic forecasts.
  • Analytical skills
  • Written and oral communication skills - and the ability to explain complex matters in simple and intuitive terms, to non-technical audiences.
  • Interpersonal skills; comfortable in building relationships with stakeholders at senior levels and across teams.
  • Creativity and problem-solving abilities.

Apply now to join the Bank for those with big career ambitions.

Job Details

Tue, 23 Apr 2019 19:00:00 EST
Not Specified
London, United Kingdom
£ £ - Annual Annual