Financial Markets Business Analyst

Standard Chartered Bank
London, United Kingdom
28 Jan 2023
11 Feb 2023
Job Function
Industry Sector
Finance - General
Employment Type
Full Time
The Role Responsibilities
  • Financial Markets has expertise combined with deep local market knowledge to deliver a variety of risk management, financing and investment solutions to our clients. The FM team offers capabilities across origination, structuring, sales, trading and research. Offering a full suite of fixed income, currencies, commodities, equities and capital markets solutions, FM has firmly established itself as a trusted partner with extensive on-the-ground knowledge and deep relationships.
  • Within FM, the Modelling & Analytics Group ('MAG') is accountable for design, development and delivery of real-time pricing models, risk models, and core infrastructure, enabling pricing, market data, intra-day risk reporting capability, and portfolio level analytics including reporting and capital computation.
  • The purpose of this role is to join the Model Change Management team covering all FM asset classes with an initial focus to manage the delivery for a brand-new modelling initiative for MAG to build, implement and maintain models for counterparty credit risk measurement and management as part of a regulatory change programme to deliver solvent trading book wind-down for 1 March 2025 requirement ('TWD'). The role requires close interaction with the traders and FM COOs, MAG quant and Core Strats colleagues, Traded Risk Management counterparty credit risk leadership, FM IT, Valuation Control and Finance.
Core responsibilities for the role are:
  • Support the modellers developing, implementing and maintaining counterparty credit risk models
  • Discovery of information about existing system and translate that into implementation specifications for developers
  • Design and execute tests to analysis the output of Cortex models and compare it with legacy system, identifying differences and recommending possible corrections
  • Identify data gaps
  • Build a strong and effective relationships with front-to-back stakeholders including the Business, COO, Quants, Risk, Finance and Technology teams.
  • Help with model documentation and submission as necessary
In addition, secondary responsibilities include:
  • Support management of the TWD project covering the development, delivery and roll out of the Cortex Analytics and SABRE platform
  • Chair weekly Working Groups and monthly project steering committees with key stakeholders. Identify risks, issues, and dependencies, propose mitigating steps.
  • Manage escalations, ensures the project team addresses issues and questions pro-actively and diligently. Be able to deep dive in questions whenever required.
  • Always balance tactical deliveries - supporting business needs - with the long-term strategic development of the platform. Manage the technical debt.
  • Ensure projects respect internal policies and frameworks, and set the projects ready to pass internal audits
Internal and Regulatory compliance
  • Ensure models are developed and maintained in-line with the applicable policies and standards.
  • Comply with the Operational Risk Framework.
  • Proactively support the implementation of the Group Model Risk policy.
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.
Our Ideal Candidate
Role Specific Competencies
  • Project manager experience with strong interpersonal skills. Able to bring consensus and drive arbitrages.
  • Experience working in a Front Office environment, facing heads of desks. Ability to work, prioritise and deliver under pressure.
  • Solid Financial knowledge, including analytics and models. Experience in counterparty credit risk is a plus.
  • Self-starter, delivery oriented with a "Can do" attitude. Able to navigate through the bank's IT, remove blockers and deliver solutions to the business.
  • Strong communication and presentation skills with an excellent standard of English (written and spoken).
  • Multicultural awareness, personal authority, integrity, and ethics.
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.
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