Job Summary

The role holder will manage FX Trading risks within Financial Markets and ensure that requirements set in Traded Risk Framework (and associated policies) are satisfied.  

Key Responsibilities

The role comprises the following tasks
•    Daily monitoring of risk exposures for FX, FXO, CMPS and Macro Trading.
•    Follow up market risk related issues e.g. investigate and escalate limit excesses, potential concerns.
•    Develop knowledge in FX and become a key team member facing the business.
•    Provide risk / market analysis on key FX markets for daily/weekly/monthly risk updates (highlight key risk issues where appropriate) and provide ad hoc analysis as required on an event basis.
•    Build a technical understanding of the FX, FXO, CMPS and Macro Trading business, products and limits structure
•    Perform monthly regulatory reporting including RNIV, FDSF and MAS.
•    Assist senior managers to prepare market commentary
•    Help reviewing risk control framework (including but not restricted to portfolio maintenance and risk reporting)
•    Perform user acceptance testing to support rollout of technology projects involving market risk.
•    Participation in ad hoc projects and requests
•    Perform data quality review of VaR time series
•    Liaise with traders and Market Risk teams regarding market data issues affecting P&L and risk.
•    Develop familiarity with the market data related static data in SABRE and Asset Control.
•    Assist with new market data set up and associated historical rate generation where required

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 Market Risk for Rates and Macro Trading 

People and Talent 
•    Lead through example and build the appropriate culture and values within the Function and across the wider organisation

Governance
•    Align the Group's Market risk management approach for FX, FXO, CMPS and Macro Trading to the Risk Management Framework and oversee its effective application
•    Develop and maintain risk identification, measurement and modelling capabilities for Rates and Macro Trading that are objective, consistent and compliant with applicable regulations
•    Ensure that material risk exposures and related issues for FX, FXO, CMPS and Macro Trading are reported to the responsible risk governance committees and to the Board Risk Committee
•    Maintain an open and cooperative relationship in dealings with regulators

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

Key stakeholders
Internal:
•    Macro Trading Front Desk
•    Product Control
•    MAG
•    COO office
•    Global Head of Macro Trading
•    Global Head, FM Electronic Trading & Platforms
•    Global Head, Automated Trading Quants 
•    FM COO Office for Automated Trading
•    Business and Product Heads
•    Group Internal Audit
•    Group Enterprise Risk
•    Group Operational Risk 
•    Group Compliance
External:
•    Key local regulators in the region 
•    The Group’s external auditors
•    Local governance bodies

Skills and Experience

•    Market Risk
•    FX and FXO

Qualifications

•    6+ Years of experience in Market Risk
•    University degree in Finance or some quantitative subject (Science, Engineering)
•    Analytical approach.
•    Good IT skills (eg Microsoft Office suite, VBA, past experience with Front Office systems and some database knowledge would also be useful)
•    Very good writing and communication skills. 
•    Takes ownership of assigned tasks and can manage mini-projects to final delivery
•    Technical background, with experience in Python 
•    Disciplined operator with commitment to high standards of personal and professional excellence coupled with strong inter-personal and communication skills
•    Dedicated individual with creative thinking skills and the ability to work independently 
•    Possess strong leadership qualities 
•    Multi-cultural awareness and sensitivity  

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.