Director, Climate Risk

Employer
Standard Chartered Bank
Location
Singapore, Singapore
Salary
Competitive
Posted
29 Jul 2022
Closes
28 Aug 2022
Ref
16098321
Job Function
Risk Management
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
The Role Responsibilities
Strategy
  • Support the formulation of Climate Risk Management policy, particularly focussed on integration of climate risk with the Group's Principal Risk Types and other Integrated Risk Types, existing risk systems and/or processes, in line with the Group's Integrated Risk management approach currently being developed, and its rollout to the countries.
  • Focus on execution while being innovative, ability to take accountability and find ways to be part of the solution even when identifying problems.
  • Support continuous training initiatives for both the 1 st line and 2 nd line to ensure climate risk embedding into BAU credit risk management.
  • Work closely with Risk Framework Owners to implement the Risk & Control Self-Assessment ensuring controls are in place across both first and second line of defence owned processes, particularly climate risk identification, assessment and acceptance. This includes communication and regular/adhoc updates to senior management as well as external parties and surveys such as Global Association of Risk Professionals, Carbon Disclosure Project and International Sustainability Standards Board (insofar as it relates to Climate Risk management).
  • Responsible for the second line of defence review of the Group's Climate Financial Disclosures, working closely with colleagues in the Climate Risk team, the Business and Finance.
  • Support the climate risk team's horizon scanning process, maintaining oversight of regulatory development and best practices across the Group and markets.
  • Responsible for the quarterly Climate Risk newsletter.
Business
  • Broad awareness and understanding of the bank's business model and risk profile.
  • Strong understanding of the bank's existing enterprise risk management framework, governance of the ERMF related requirements, with an understanding of the climate risk stress testing and scenario analysis approach.
Processes
  • Contribute to Group-wide RCSA, ERMF effectiveness reviews and regional / country governance oversight with respect to climate risk across all Principal Risk Types.
  • Evaluate relevant existing controls and contribute to designing new controls as required.
Risk Management

  • Oversee the integration of climate risk across the Group Principal Risk Types and other Integrated Risk Types, in line with the Group integrated risk management approach.
  • Support respective RFOs in carrying out effectiveness reviews of climate risk
Governance
  • Contribute to overall governance mechanisms (including committee oversight and individual approval authorities) for climate risk management.
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
  • Senior business and risk stakeholders and their team members
  • Group Risk Framework Owners
  • Global Head, Enterprise Risk Management
  • Group Finance
  • Group Sustainability
  • Group Sustainability Officer
Other stakeholders include:
  • Group Strategy
  • Group Investor Relations
  • Group Corporate Affairs
  • Global Head, Sustainable Finance
  • Global Head, Environmental and Social Risk Management

Our Ideal Candidate
  • Prior engagement in climate-related workstreams and other risk areas strongly desired.
  • Prior engagement with Risk Framework Owners / Policy Owners and business owners preferred.
  • 10+ years of experience with corporate planning, risk appetite and stress testing.
Role Specific Technical Competencies
  • Familiarity with climate risk management (tools and methodologies)
  • Data preparation and review skills
  • Ownership and accountability for deliverables / action oriented
  • Climate risk stress testing and wider Enterprise wide stress testing processes


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 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.
Recruitment assessments - some of our roles use assessments to help us understand how suitable you are for the role you've applied to. If you are invited to take an assessment, this is great news. It means your application has progressed to an important stage of our recruitment process.
Visit our careers website www.sc.com/careers

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