Senior Risk Analyst, Commodities

2 weeks ago

Singapore STANDARD CHARTERED BANK Full time
Roles & Responsibilities

Job Summary

The Senior Risk Analyst role exists to support the Commodities market risk management.
To ensure the regulations, Risk Management Framework and internal policies/standards are implemented.
Support change in the Commodities business in collaboration with other parts of the business, risk and group risk functions.
To support the Commodities business in the management of Traded Market Risk.
Advise business in the calibration of limits for Traded Risk controls and review any changes.
Present complex risk issues to senior and non-technical stakeholders.

Key Responsibilities

  • Take a forward-looking perspective, taking into consideration external events which may be material. Ensure appropriate management action is being taken to mitigate their impact.
  • Develop proactive engagement with the business, Risk Committees in pursuit of balanced risk / return via discussions on Financial Market risk exposures and limits
  • Engage business on material position, review limits proposal and support new products roll out.
    Highlight key Traded Risk related concerns to various committees and risk forums.
  • Contribute to the Group's annual Internal Capital Adequacy Assessment Process ('ICAAP') for Commodities related positions.
  • To enhance processes within the Traded Risk team to manage the risk of Commodities exposures.
  • Participate in the submissions for various forums related to market risk and / or Commodities business.
  • Monitor the risk taking of the Commodities business to ensure that any breach of risk appetite is followed up promptly.
  • Strong analytic abilities and problem-solving skills, able to provide in depth analysis on timely basis in a rapidly changing environment.
  • Solid understanding of risk management concepts, techniques, internal/external data modelling, and risk management system platforms.
  • Commodities market knowledge will be preferred.
  • Identify and report material key risks in the Commodities space to senior management and challenge the First Line to evidence that the material risks arising from their business activities have been identified, assessed, monitored, and reported.
  • Implement suitable Traded Risk controls to ensure risk taking is within risk appetite.
  • Monitor internal and external events material to the trading book and highlight hot spot risk to the management.
  • Perform market risk related control, including investigation of all limit excesses and escalating limit breaches.
  • Review of data quality of risk factors used for VaR computation.
  • Support business growth objectives in Commodities, whilst ensuring the business continues to meet risk and control requirements and remains on strategy.
  • Develop and maintain risk identification and measurement capabilities which are objective, consistent, appropriate to the business and compliant with applicable regulations. Ensure that material risk exposures and related issues for foreign exchange are reported to the responsible risk governance committees and to the Board Risk Committees.

Key stakeholders:
Internal:
First Line stakeholders including Global Head of Macro Trading, Business and Product Heads
Operations and technology partners / vendors
Model Owner
Model Developers
Group Internal Audit
Group Operational Risk
Group Compliance
Risk Reporting Team
External:
Key regulators in the region
The Group's external auditors

Skills and Experience

Our Ideal Candidate:

* University degree in Finance or some quantitative subject (Science, Engineering)
* Proficient in writing and communicating across functions

* 2+ years of experience in Market Risk or frontline

Qualifications

Role Specific Technical Competencies:

Market Risk (Must Have)
Commodities Knowledge (Good to Have)

Python (Good to have)

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.

Recruitment Assessments

Some of our roles use assessments to help us understand how suitable you are for the role you've applied to. If you are invited to take an assessment, this is great news. It means your application has progressed to an important stage of our recruitment process.

Visit our careers website www.sc.com/careers

Tell employers what skills you have

Charter
Assertive
Market Risk
Risk Governance
Analytical Abilities
Investigation
Risk Management
Data Quality
Financial Risk Management
Python
Mental Health
Banking
Operational Risk
Finance
Capital
Financial Risk
Senior Stakeholder Management
Audit
Oral & Written Communication Skills

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