Director, Liquidity Risk & IRRBB

Job Description - Director, Liquidity Risk & IRRBB (2400001328)

Director, Liquidity Risk & IRRBB - ( 2400001328 )

Job

Job

: Audit, Accounting & Finance

Primary Location

Schedule

Schedule

: Full-time

Employee Status

Employee Status

: Permanent

Posting Date

Posting Date

: 25/Apr/2024, 2:37:45 AM

Unposting Date

Unposting Date

: Ongoing

The Role Responsibilities

Job Role

Member of the team to support liquidity risk and interest rate risk in banking book (“IRRBB”) activities in Hong Kong and Greater China North Asia (GCNA), including compliance with policies on both regulatory and internal, control frameworks, risk analytics, and exposures monitoring.

Kay Responsibilities

• Support senior management of liquidity risk / IRRBB activities in HK Hub, including compliance with policies, control frameworks setup, and exposures analysis.
• Implement methodology and assumptions for liquidity risk / IRRBB measurement aligning with group policies and country regulatory requirements.
• Deliver deep dive analysis to senior management and committees on liquidity risk / IRRBB arising from regulatory requirement and business initiatives.
• Be responsible for, or participate in projects / initiatives of various complexity, particularly those have impact on liquidity risk / IRRBB management framework and processes.
• Keep abreast of the regulatory development and ensure compliance.
• Ensure accurate reporting, timely monitoring of liquidity risk, IRRBB and issues identified are resolved in an appropriate and timely manner.
• Manage relationship with internal stakeholders and handle their queries.

Develop and drive the strategy for both onshore and offshore teams that fit in with the overall regulatory landscape and internal regulatory requirements for Liquidity Risk and IRRBB.

Key objectives of the strategy are to implement robust reporting processes and controls to be performed by the offshore team, supported by onshore subject matter expertise and knowledge capabilities on any enhancement and changes. In addition, onshore team has to support relevant committees and senior management on liquidity risk and IRRBB related matters.

Business

• In depth understanding of the Group’s and local businesses and products and how they impact regulatory metrics, reporting and associated risk management controls.
• Expertise in relation to the regulatory Liquidity / IRRBB calculations, including current and future rules and regulations and how they apply to SCB.
• Expertise in systems and processes used to generate regulatory and internal metrics, particularly with experience in change projects focused process enhancements.

Processes

• Responsible for the strategy, execution, and delivery of assurance with regards to limit monitoring of regulatory and internal metrics. This includes prioritisation and delegation of activities to team members and liaising with stakeholders with Group, GFS and other teams as required.
• Responsible for providing subject matter advisory for any liquidity risk / IRRBB matters.
• Influence change in relation to the control strategy for the implementation of regulatory and internal metrics in Liquidity / IRRBB risk management framework.
• Identify control gaps in the end-to-end regulatory and internal reporting process within GLRR, Finance and GFS.
• Responsible for designing or amending suitable controls across the suite of regulatory and internal metrics.

Governance

• Assist team head in the implementation of Liquidity risk / IRRBB risk management framework.
• Utilising / improving data quality and operational risk where needed
• Monitoring, implementation and review of controls and issues that arise from the review / framework implementation activities.

Regulatory and 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

• Liaise with senior stakeholders in, SCB Businesses, Regulatory Policy, Treasury, Group Financial Reporting, Group Risk Functions, Country functions

Other Responsibilities

• Potentially act as delegate for Head of Liquidity Risk and IRRBB.

Our Ideal Candidate

• At least 8 years of banking experience with major banks of which more than 5 years’ in Liquidity risk / IRRBB.
• Good communication skills and able to deliver key messages to audience with expected feedback.
• Experience in product control, recovery and resolution, as well as regulatory reporting will be an advantage.
• Proficient in English and one Asian Language (Mandarin, Cantonese or Korean) preferred.
• Team player, self-motivated, energetic and action / result oriented.
• Good understanding of balance sheet management.
• Advanced MS Excel / PowerPoint skills.

Role Specific Technical Competencies

• Risk Management and Control skill
• Liquidity Risk technical expertise

About Standard Chartered

We're an international bank, nimble enough to act, big enough for impact. For more than 160 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
• Be better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term

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, parental / maternity (20 weeks), sabbatical (12 weeks maximum) and volunteering leave (3 days), along with 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.

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