Risk Manager - IBOR Transition
Posted on Dec 17, 2021 by Allegis Global Solutions Limited (AGS)
The role holder will support TRM in delivering the Libor transition agenda for all risk aspects.
- Identification of all IBOR transition related risks across the firm
- Provide a gap analysis
- Liaise with FO on all Libor transition initiatives
- Participate on working groups/committees
- Identification of Libor transition impact on Traded Risk processes
o Follow/participate on ISDA IBOR working groups
- Analyse impact on products and TP systems
- Analyse impact of new curves in risk management
- Define new limits
- Impact on operational risk
- Impact of Libor Transition on risk models
- VaR/Stress Test model calibration and usage
- ICAAP, BoE impact
- Impact of Libor Transition on FRTB
- Follow/participate on ISDA IBOR/FRTB working groups
- Consider emerging regulation
- Support TRM in overseeing the Libor transition programme
- Prepare the administrative work for the risk workstream within the Libor transition programme
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.
- Members of TRM MT
- Senior members of the Risk team
- Business AE involved in the Libor Transition programme
QUALIFICATIONS: Training, licenses, memberships and certifications
- Business Strategy and Model: 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.
- Risk Management and Governance: Demonstrated track record of experience in governance and operational risk
- Regulatory Framework and Requirements: Awareness and understanding of the regulatory framework, in which the firm operates, and the expectations relative to the Chief Risk Officer roles
- Change Management: Demonstrable experience of driving significant and complex organisational change through the Group or a similarly large complex bank.
- Non-technical Skills: Significant relationship management experience - with internal and external stakeholders at the most senior levels, including regulators and rating agencies.
- A clear understanding of the Bank's approach to the management of financial and non-financial risks, or equivalent experience gained in other organisations
- Ability to leverage resources across the organisation to complete deliverables
- Sound judgement and courage necessary to perform a control role and maintain effective working relationships
- Bank training: Role specific trainings which are mandatory and developmental
- Risk Management Framework
- Operational Risk Management Framework
- Other trainings as deemed mandatory by the Bank and updated on a periodic basis.