Ml Risk Manager, Commodities - London, United Kingdom - eFinancialCareers

eFinancialCareers

Verified Company

London, United Kingdom

2 weeks ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

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 opportunitiesto 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 canbring 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 advocateinclusion.

Together we:
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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
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Never settle, continuously striving to improve and innovate, keeping things simple and learning from doing well, and not so well
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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
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Time-off including annual, parental/maternity (20 weeks), sabbatical (12 weeks maximum) and volunteering leave (3 days), along with minimum global standards for annual and public holiday, which is combined to 30 days minimum
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Flexible working options based around home and office locations, with flexible working patterns
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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 sortsof self-help toolkits
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A continuous learning culture to support your growth, with opportunities to reskill and upskill and access to physical, virtual and digital learning
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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.

Role Responsibilities

The role comprises the following tasks:

Daily monitoring of risk exposures
Perform market risk related control, including investigation of all limit excesses and escalating limit breaches.
Contribution to regular (daily and monthly) risk summaries for senior management in MTCR
Help reviewing limit framework on semiannual and ad hoc basis.
Help designing new risk measures, reports and processes
UAT testing of new systems and reports
Liaising with front office on new trades approval, booking requirements, and limits
Participation in ad hoc projects and requests (eg as required by senior management, internal and external audit, other SC departments)
To ensure compliance with regulatory requirements.
Review of data quality of risk factors used for VaR computation

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 Commodities Trading

People and Talent:

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

Governance:

Develop and maintain risk identification, measurement and modelling capabilities for Commodities Trading that are objective, consistent and compliant with applicable regulations
Ensure that material risk exposures and related issues for Commodities 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.

Key Stakeholders

Internal:

Global Head of Commodities Trading
Heads of Macro Trading
FM COO Office for Commodities
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
Wide experience in risk reporting or market risk role
Analytical approach.
Good IT skills (eg Microsoft Office suite, VBA, Python, past experience with Front Office systems and some database knowledge would also be useful)
Proficient in writing and communicating across functions and with senior management.
Takes ownership of assigned tasks and can manage miniprojects to final delivery

Role Specific Technical Competencies: