Head, Market Risk, Traded Risk Management, HK & GCNA
Standard Chartered
Hong Kong, Hong Kong,
5天前

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 Strategy

  • To uphold the integrity of risk / return decisions, and in particular for ensuring that risks are properly assessed, captured, monitored and controlled in accordance with the Group’s Risk Appetite Framework and other portfolio limits for the Greater China & North Asia FM businesses.
  • To ensure the Risk Management Framework is effectively communicated and implemented across the Traded Products within FM & TM.
  • To exercise direct Risk Control and Monitoring Ownership for market risk across FM and Treasury Markets businesses in Greater China & North Asia.
  • To meet local regulatory requirements as they pertain to risk management, prudential standards and governance, conduct and operational standards
  • To ensure best practice.
  • Lead and enhance GCNA Stress Testing and Recovery & Resolution Planning for GCNA
  • To build market risk bench strength and retain talent within the team.
  • Succession Planning for Traded Risk Head of GCNA
  • Business

  • Appraise and contribute to the development of the Bank's strategic plans and alignment with risk appetite by providing support to the Group Chief Risk Officer’s Management Team and other executive risk forums relevant for Greater China & North Asia.
  • Engage all stakeholders (e.g. Business partners, Market Risk, Finance, Legal and Compliance) to raise awareness of Financial Markets or product-specific risks and how these are managed by TRM CCR Function.
  • Identify and report key risks material to the region and challenge the First Line to evidence that the material risks arising from their business activities have been identified, assessed, monitored and reported.
  • Ensure that risk decisions are transparent and supporting rationales are explained in a professional & courteous manner, especially when turning down proposals.
  • Actively engage regulators take the lead to understand and shape their expectations
  • Ensure that traded risk measurement methodologies are fit-for-purpose, comprehensive and implemented with integrity.
  • Ensure that traded risk measurement methodologies are fit-for-purpose, comprehensive and implemented with integrity.
  • Continuously enhance risk measures and transparency.
  • Forward looking, taking into consideration to external events which may be material to this region. Ensure appropriate management action is being taken to mitigate their impact.
  • Risk Approval

  • In accordance with DoAs
  • Processes

  • Making decisions within delegated authorities and maintaining necessary expertise to manage such risks.
  • Drive & Lead Internal market risk model approval for HK Consolidated Entity with HKMA
  • Supervise all processes owned by the Direct Reports or Matrix Reports' team members.
  • Ensure effective management of operational risks within the Function and compliance with applicable internal policies, external laws and regulations.
  • Establish and maintain control framework to ensure compliance with internal policies, procedures, CRR / CRD IV requirements, code of conducts, and applicable external laws and regulations (including onshore CBRC / PBOC regulatory requirements).
  • Ensure that there are appropriate and documented internal controls and procedures in place. Monitor the operation of such procedures and controls and regularly review them to ensure that they reflect any changes in products, systems, policy and regulations.
  • Maintain procedures for monitoring, management and reporting of operational risks arising within area of responsibility

  • Strive to improve the operational efficiency and effectiveness of the Function.
  • Monitor on-going compliance with, and effectiveness of, the risk control framework.
  • Drive a consistent interpretation and application of TRM market risk policies across all countries in Greater China & North Asia.
  • Regularly review audit reports / business risk reviews / and identify key regional trends.
  • Identify and escalate new and emerging risks that could be material to the region. Recommend relevant governance to control these emerging risks to help the bank to avoid big loss.
  • Assist and design and oversee the implementation of relevant stress tests and scenario analysis for the GCNA region
  • Timely escalation and concise communication of key exposures.
  • Support GCNA risk-wide initiatives / projects such as recovery planning, ICAAP etc
  • Ensure effective mechanisms are in place to assign Risk Authorities in the Function to suitable named individuals in line with their skills and judgement
  • Actively participate in key committees through standing membership / attendance
  • Support Group Market & Traded Credit Risk management in broader risk issues and projects.
  • Support new product launch via Country Addendums review prepared under Group Product Programs.
  • People and Talent

  • Establish clear performance criteria, provide regular feedback in light of individual performance for team Members.
  • Ensure that holders of all critical functions are suitably skilled and qualified for their roles.
  • Encourage continuous training and personal development of the team members.
  • Uphold and reinforce the independence of Traded Risk Management function from the front line.
  • Lead by example and build the appropriate culture and values within TRM CCR Function in Greater China & North Asia.
  • Ensure succession planning in the team.
  • Risk Governance

  • Implement & lead the overall Risk Management Framework for Traded Products and oversee its effective application in Greater China & North Asia.
  • Complement with a region-specific risk framework when required.

  • Directly contribute to the various Risk Forum and risk-related Committees by providing updates on relevant risk topics, regulatory developments or changes in policies and processes.
  • Ensure global and regional business and product heads and all Risk Framework Owners understand and accept their risk management responsibilities through Financial Markets’ local and regional committees.
  • Maintain an open and cooperative relationship with regulators and auditors.
  • Forward looking, taking into consideration to external events which may be material to this region. Ensure appropriate management action is being taken to mitigate their impact.
  • Ensure that material operational risks are reported to the relevant FM Product Governance Committees.
  • Ensure that material traded risks are reported to the relevant Risk Committees.
  • Ensure that the Function effectively executes the Enterprise Appropriateness Procedure.
  • Keep abreast with the latest development impacting the Financial Market business from a risk and capital perspective.
  • Ensure risk identification, measurement, reporting, and modelling capabilities are objective, consistent, and compliant with applicable regulations.
  • Ensure effective mechanisms are in place to assign Risk authorities in the Function to suitable named individuals in line with their skills and judgment.
  • Assist the design and oversee the implementation of stress tests and scenario analyses to be fit for purposes for GCNA
  • Risk Appetite

  • Uphold the integrity of risk / return decisions, by challenging business and control function heads to ensure that risk origination and control decisions are properly informed and consistent with strategy and risk appetite.
  • Ensure that meaningful stress tests, portfolio limits or other constraining parameters are in place.
  • Be alert to significant market movement or material events and provide timely analysis and recommended actions.
  • Approve FM transactions in compliance with personal delegated authority.
  • Stakeholder Management

  • Actively engage all stakeholders to raise their awareness of risk issues as pertaining to the role and how these are managed by the Risk Function
  • Ensure that risk decisions are transparent and supporting rationales are explained in a professional and courteous manner, especially when turning down proposals.
  • Actively engage regulators Take the lead to understand and shape their expectations
  • Governance

  • These activities are covered under the 'Risk Management' section above.
  • Regulatory & Business Conduct

  • Display exemplary conduct and live by the Group's 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.

  • Lead the TRM Market Risk team in Greater China & North Asia to achieve the outcomes set out in the Bank's Conduct Principles : Fair Outcomes for Clients;
  • Effective Operation of Financial Markets; Financial Crime Prevention; The Right Environment.

  • Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
  • Key Stakeholders

  • Regional Head of Financial Markets and Direct Reports
  • Group Chief Risk Officer's Risk Management Team
  • Corporate & Institutional Banking Management Team
  • Regional Chief Risk Officers, and Chief Credit Officers
  • Country Risk Officers
  • Financial Markets Sales and Product Heads
  • TRM Market Risk
  • Group Internal Audit
  • Group Operational Risk
  • Group Legal and Compliance
  • Other Group Head of Control Functions
  • Market Risk Models
  • FM Structure Team
  • Head, Stress Testing
  • Head, Risk Infrastructure & Change
  • Market Risk reporting & MI, Risk Operations
  • External

  • Key local regulators in the region
  • Counterparts in major financial institutions
  • Local governance bodies
  • The Group's external auditors
  • Other Responsibilities

  • Embed Group’s brand and values in TRM CCR in Greater China & North Asia
  • Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.
  • Our Ideal Candidate

  • Experiences in financial market with international experience with in depth knowledge of market, liquidity, counterparty credit and applicable trading risk models and methodologies
  • Qualifications in a numerate, quantitative discipline. (e.g. science, engineering, economics, finance)
  • Education : Bachelor or above.
  • Good understanding of Financial & Treasury markets and able to provide in depth analysis.
  • Excellent analytical skills and sound judgement in a rapidly changing environment
  • Effective verbal and written communication skills
  • Ability to present complex risk issues to senior and non-technical stakeholders
  • Excellent interpersonal skills, multicultural awareness and sensitivity
  • Proactive Risk management.
  • Have a good understanding of GCNA region and its dynamics
  • Experience in market risk, Traded credit risk and / or liquidity risk management in banking. Knowledge of XVA would be a plus.
  • Self-Starter, add value on day one. Can excel under pressure.
  • Ideally have experience in managing a team and experience in dealing with regulators and external auditors
  • Licenses and Certifications / accreditations; SCB internal CCC certification
  • Bank training; i.e. mandatory & developmental : Volcker Rule Role Specific (Financial Markets), Risk Management Framework
  • Language : Fluent in English
  • Substantial experience at the senior risk management level in the banking industry, including demonstrated success in a similar role.
  • Sharp business acumen (including ability to assess risk and appropriate levels of return), strong leadership qualities, excellent interpersonal skills and multi-cultural awareness and sensitivity.
  • Demonstrated track record in successful management and ability to manage risk in geographically dispersed and highly varied client segments product base and asset classes.
  • Significant experience in managing stake holders across business, other risk and control functions.
  • Regulatory Framework and Requirements : Awareness and understanding of the regulatory framework in which the firm operates, and the regulatory requirements and expectations relevant to the role.
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