Job Summary

The job holder will be a part of the Scenario Design Team which is involved in designing, maintaining and enriching regulatory and management stress scenarios for the Bank at group and country level. They will be expected to become the subject matter expert on all areas relating to climate risk macroeconomics and help with the design and development of the modelling capacity to produce climate risk scenario expansions. As part of the 2LoD Scenario Design team they will be also expected to review non-climate related scenario narratives and projections produced by 1LoD. This will include generating ideas about which type of scenarios to run for management and regulatory stress tests, producing papers for example for Expert Panels and Committees and presenting to senior management.  The role will, in particular, support the Head of the Scenario Design Team with key activities as set out below:

Key Responsibilities

Strategy

• Design regulatory and non-regulatory macroeconomic and climate risk scenarios.
• Perform review and challenge and when required scenario expansion of key climate and non-climate risk economic variables across the Group’s diverse footprint.
• Present baseline and alternative scenarios to senior managers in forums, expert panels and committees.
• Contribute to committee papers, structured data requests and other internal or external scenario-related reports.
• Foster good working relationships and solicit input from Global Businesses and Global Functions and, where relevant, external vendors to enhance scenarios.
• Contribute to the development of a robust operational risk framework for scenario design processes
• Stay informed of all regulatory and industry developments related to the scenario work stream.

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

Skills and Experience

• 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

Qualifications

• Work experience as economist (macroeconomic or environmental economist), econometrician or quantitative analyst.
• Prior experience of developing projections in a banking environment.
• Collaborative: working as part of a broader team to ensure a coordinated and consistent approach
• Good organiser of incoming requests within the team
• Ability to work with minimal direction
• Attention to detail
• Proactive, problem-solving, helpful
• Strong experience in MS Excel and Power Point
• Experience with coding in SAS, R, Python

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.