Lead, Risk Advisory

Job Description

Responsibilities Strategy

• Inform the development of strategy planning work with the provision of all necessary Function-related inputs encourage the development of an appropriate risk culture and discipline.

Business

• Communicate the strategic intent and collective agenda for the Function.
• Maintain and develop the Functions capabilities and skills to meet ongoing business needs and plans

Processes• Ensure effective management of operational risks within the Function and compliance with applicable internal policies, and external laws and regulations • Continuously improve the operational efficiency and effectiveness of the function • Monitor on-going compliance with and effectiveness of the risk control environment • Drive a consistent interpretation and application of market risk policies across all treasury market teams in the Group. • Regularly review audit reports / business risk reviews / and identify key regional trends. People and Talent• Ensure sharing of knowledge and skills within the Global treasury markets risk team, and ensure that holders of all critical functions are suitably skilled and qualified for their roles • Uphold and reinforce the independence of the Functions from those whose responsibility is to maximise short-term revenues and profits Risk Management

• Lead the design and implementation of regulatory stress testing exercise including ICAAP and Bank of England stress test submissions for Treasury Market Risk.
• Continued assessment of stress test design and scenario analysis for Traded Market Risk Management for Treasury Markets. Review the results and assess their implications.

• Define and review Global and UK limits for the Function in line with Group TRM policies and within the Group and Solo Risk Tolerances. • Ensure continued alignment of risk limits and risk management activities within Treasury Markets with RTF, policies, control standards, risk exposure limits and other control levers in order to maintain the Groups risk profile in line with the overall RiskTolerance set by the Board • Assess Traded Market Risk Management profile of the Treasury Markets business, and maintain alignment with risk tolerance by rebalancing of risks or controls that may be required in response to internal and external factors

• Uphold the integrity of risk/return decisions, by challenging business and control function heads to demonstrate that risk origination and control decisions are properly informed and consistent with strategy and Risk Tolerance
• Identify and report key risks material to the Group and challenge the First Line to evidence that the material risks arising from their business activities have been identified, assessed, monitored and reported.

• Obtain reliable assurance that policies and other control requirements are effectively implemented by the First Line

• Direct appropriate response to material events or other risk issues that arise to the Traded Market Risk Managements attention
• Provide balanced and informed assessment of Traded Market Risk Management arising from any major change initiatives
• Challenge the effectiveness of risk control activities and address any significant gaps or weaknesses that may exist
• Develop and maintain risk identification, measurement and modelling capabilities for market risk which are objective, consistent and compliant with applicable regulations
• Support Head, Traded Market Risk; Head, Traded Risk Europe & Americas in maintaining an open and cooperative relationship in dealings with regulators

• Monitor on-going compliance with and effectiveness of the risk control environment • Monitor internal and external events material to the Group and ensure appropriate management action is being taken to mitigate their impact • Identify and escalate new and emerging risks that could be material to the Group • Ensure effective communication to governance bodies on the Groups risk profile, the effectiveness of mitigants and controls and alignment of risks with Risk Tolerance through the period risk pack submissions to these bodies. Risk Control Ownership of Traded Risk. Second line Risk Ownership responsibilities as outlined under the Operational Risk Framework (ORF) and associated policies and procedures. Including, but not limited to the following:

• Ensure that required control standards are being met, by continuous monitoring of risk and control indicators.
• Highlight and escalate (as required) where control standards are not being met, including highlighting control design deficiencies or gaps to Group Risk Owners.
• Challenge and approve (where appropriate) first line risk identification, residual risk assessments and mitigation plan, taking into account changes to the internal and / or external environment
• Review, challenge and support Risk Acceptance Requests request made by relevant Country Process Owner(s) for submission to the authorized risk acceptance authority.
• Monitor live risks, and jointly with first line owners, ensure that appropriate management action is being taken to mitigate their impact. "

Risk Approval

• I n accordance with DoAs

Governance

• Develop and maintain risk identification and measurement capabilities which are objective, consistent, appropriate to the business and compliant with applicable regulations;
• Obtain reliable assurance that policies and other control requirements are effectively implemented by the First Line;
• Ensure effective mechanisms are in place to assign Risk authorities in the Function to suitable named individuals in line with their skills and judgment;
• Work with senior management to ensure an open and cooperative relationship is maintained in dealings with regulators;
• Actively participate in key forums through standing membership/attendance

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.

• Perform the role to achieve the outcomes set out in the Banks Conduct Principles Fair Outcomes for Clients; Effective Operation of Financial Markets; Financial Crime Prevention; The Right Environment