Senior Manager, Climate Risk Stress Testing

The Senior Manager, Climate Risk Stress Testing at Standard Chartered India will be based in Bengaluru, focusing on scenario analysis, climate stress tests, and supporting risk governance. Responsibilities include developing climate scenario knowledge, supporting local teams, designing controls, and collaborating with various teams on ESG-R projects. The role requires understanding of climate risk models and regulatory expectations, while promoting a diverse and skilled team culture.
Job Summary

Support the scenario analysis workstream for the countries Point of contact for the country related climate stress tests and scenario analysis Support the reporting and TCFD requirements for countries Promote Risk Governance.

The job holder will be based in Bangalore and focusing 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

Support the Climate Risk scenario workstream focused 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. Support 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 support 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 climate databases, including sourcing of internal and external data and performing data quality checks as required.

People & Talent

Be part of a diverse team of skilled and experienced professionals in India. Collaborate within ESG-R team and with key partners in climate modelling team, scenario design team and second line review, challenge team and various country teams to support various ESG-R projects and initiatives. Lead by example in reinforcing the appropriate culture and values of the function. Contribute to ongoing training and development of team members.

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

Display exemplary conduct and live by the Groups 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. 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

Other Responsibilities

Embed Here for good and Group's brand and values in climate risk team; Perform other responsibilities assigned under Job