Global Head of Product Risks

Job Summary

• Executive Director–level Product Risk Manager accountable for the effective oversight and control of product-specific risks arising from the global distribution of treasury products to WRB clients.
• Oversees risk across Equities, Fixed Income, Structured Products, FX, DA and derivatives with recognized subject-matter depth in FX derivatives and margin trading.
• Accountable for the sound calibration, monitoring, and escalation of margining, leverage, and concentration risks within complex, multi-system environments.
• Operates as a senior risk authority and trusted advisor, proactively sourcing information, exercising independent judgment, and delivering clear, decision-ready risk assessments to executive management.
• Reports to the Global Head of CMPS.

Key Responsibilities

Strategy

• Set and maintain a robust product risk oversight framework that translates firm-wide risk appetite into actionable product-level controls.
• Provide authoritative challenge on margining methodologies, stress assumptions, and concentration frameworks, with particular depth in FX derivatives and margin trading.
• Identify and assess structural, emerging, and cross-product risks, ensuring timely senior awareness and mitigation.
• Influence strategic initiatives by articulating risk implications, trade-offs, and constraints at an executive level.
• Act as a senior point of reference on product risk themes for executive management and governance bodies.

Business

• Serve as a senior product risk counterpart to Global Product Managers, Country Product Heads, and Distribution Segment Heads.
• Proactively engage stakeholders to source, validate, and challenge risk-relevant information across regions and asset classes.
• Enable informed business decisions by providing clear, balanced, and independent risk views, particularly in relation to FX derivatives exposure.
• Ensure that risk considerations are embedded in business discussions, without assuming ownership of commercial decisions.
• Represent product risk positions with credibility and authority in senior forums.

Processes

• Own and continuously improve product risk monitoring, escalation, and reporting processes.
• Lead the definition, review, and refinement of margining calibration frameworks, including stress add_ons, concentration overlays, and wrong-way risk indicators.
• Ensure consistent identification and oversight of client-level and portfolio-level concentration risks.
• Oversee effective integration of product risk controls within complex technology ecosystems (including margining engines such as MarginMan), focusing on data quality, transparency, and control robustness.
• Drive standardisation and scalability of risk processes across regions while accommodating local regulatory requirements.

People & Talent

• Able to build a trust relationship across departments and functions, at various levels (from support teams to top management)
• Be able to think strategically, lead projects and work with a high degree of autonomy

Risk Management

• Ensure product-level risks are measurable, transparent, and controlled within approved risk appetite.
• Exercise independent challenge on:
• Margin sensitivity to volatility and market stress.
• Tail risk, correlation, and wrong-way risk dynamics.
• Stress testing and scenario design at product level.
• Monitor key risk indicators and escalate material issues decisively, with clear articulation of impact and recommended actions.
• Partner with Market Risk, Credit Risk, Operational Risk, Legal, and Compliance to ensure coherent risk coverage, while maintaining a distinct product-focused remit.
• Provide senior risk leadership during market stress events, ensuring executive management receives timely, accurate, and actionable insights.
• Identify and share industry best practices
• Identity weakness in existing processes and suggest sustainable solutions

Governance

• Act as a core contributor to global and regional governance forums overseeing treasury product distribution.
• Ensure clear documentation, traceability, and accountability for risk assessments, challenges, and decisions.
• Deliver concise executive-level risk communications, translating technical detail into decision-relevant narratives.
• Support regulatory reviews, audits, and internal assurance activities related to product risk.
• Reinforce a culture of constructive challenge, discipline, and transparency across global distribution teams.
• Accountable for satisfactory closure of issues / gaps arising from Internal Audits, peer reviews and regulatory reviews for the areas of work
• Adherence to confidentiality agreement always
• Adherence to Group Policy and Code of conduct always

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. Th