Job Summary

The Risk Management Specialist will implement and execute daily risk activities, ensuring compliance with regulatory requirements. This includes segment-wise monitoring of clients for margin shortfalls and sending margin call intimations. The specialist will identify reasons for exchange end-of-day (EOD) margin shortfalls and report short allocation shortfalls (SA04) to the exchange. They will also manage the squaring of positions as per policy guidelines and perform trade modifications within specified timeframes.

Operational loss investigation and root cause analysis (RCA) are key components of the role, ensuring adherence to risk policies and exception reporting. The specialist will test new products in the User Acceptance Testing (UAT) environment and ensure exchange margin requirements are met at all times, identifying positions for liquidation in case of client shortfall. Updating the scrip basket according to risk policies and exchange circulars and coordinating with IT for system bug fixes and additional requirements, are also essential tasks.

The Risk Management Specialist will challenge and constrain business activities where risks are not aligned with the risk appetite of the business and functions. They will recommend changes to the control environment to reduce operational risk exposure within agreed tolerance levels. Regular assessment of existing Key Control Standards, Key Risk Indicators (KRIs), and Key Control Indicators (KCIs) to ensure cost-effectiveness, efficiency, and relevance will be crucial.

Key Responsibilities

Strategy
•    Awareness and understanding of the Group's business strategy and model appropriate to the role. Awareness and basis understanding of the Indian Capital Markets 

Business
•    Awareness and understanding of the wider business, economic and market environment in which the Group operates 

Processes
•    Responsible for preparation of  Key MIS backed with solid analytics. Responsible for monitoring of portfolio alongside the defined thresholds.

People & Talent
•    Lead through example and build the appropriate culture and values. Set appropriate tone and expectations from their team and work in collaboration with risk and control partners 

Risk Management
•    The ability to interpret the Group's financial information, identify key issues based on this information and put in place appropriate controls and measures. Ability to assess and compare the Business proposals viz-a- viz Risk thresholds and parameters.  

Governance
•    Responsible for assessing the effectiveness of the Group's arrangements to deliver effective governance, oversight and controls in the business and, if necessary, oversee changes in these areas; Awareness and understanding of the regulatory framework, in which the Group operates, and the regulatory requirements and expectations relevant to the role. 

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 SCSI team to achieve the outcomes set out in the Bank’s Conduct Principles: 332Fair Outcomes for Clients; Effective Financial Markets; Financial Crime Compliance; The Right Environment.
•    Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
•    SEBI / NSE / BSE / PRA prescribed responsibilities and Rationale for allocation].
•    Exercise authorities delegated by the Board of Directors and act in accordance with Articles of Association (or equivalent) 

Key stakeholders
•    Business
•    Compliance
•    Technology
•    Operations
•    Finance and SCB Stakeholders

Skills and Experience

•    Data Analysis
•    Communication
•    Computer Skills (Microsoft Excel)
•    Analytics
•    Technical writing
•    Analytical Thinking
•    Attention to Detail
•    Problem-Solving
•    Communication Skills
•    Coordination and Collaboration
•    Regulatory Compliance
•    Risk Analysis
•    IT Coordination

Qualifications

The ideal candidate will have a bachelor’s degree in Finance, Business Administration, or a related field, with proven experience in risk management, preferably in the financial services industry. They should have a strong understanding of regulatory requirements and risk policies, excellent analytical and problem-solving skills, and the ability to work under pressure and meet tight deadlines. Strong communication and coordination skills, along with proficiency in risk management software and tools, are essential.

•    Training / Experiences: Cash Equities – Risk Function
•    Certifications: Graduation in any stream preferably in Commerce or Business Management, National Institute of Securities Market

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.