What Is Standard Chartered?
Standard Chartered is a bank and financial services leader operating globally for over one hundred and sixty years. The London headquartered company has nearly thousand branches and offices in around seventy countries around the world.Global business services along with risk and compliance provide a workforce of approximately eighty-six thousand for standard chartered. With more than sixty markets, they provide consulting and other services from private to retail to corporate level. Standard Chartered is one of the most versatile banks in Europe.What Is Standard Chartered’s Hiring Process?
Standard Chartered main focus during their hiring process to obtain a candidate with a different and fresh outlook. Empathy and understanding different viewpoints is fundamental in any business and to Standard Chartered as a company. To achieve this aim, the bank employs a more systematic approach to hiring by using personality and aptitude tests, along with the interviews, to select the most suitable candidates for acute positions. Candidates hoping to work at Standard Chartered are expected to go through these interview stages:- Application
- Strengths Assessment
- Online Assessments
- Video Interview
- Business Discussion
Application
Like most corporate applications nowadays, theirs is simple. Basic information like education background and prior working experience will be captured. An application would also contain volunteer or charitable engagements which I highly recommend they list.Every applicant will have access to comprehensive lists of roles alongside the application form thus enabling them prepare adequately before the interview since they ask questions regarding those details.Online Assessments Format
Abstract Reasoning:
Abstract reasoning is tested using shapes rather than words or numbers. It is also referred to as non-verbal and has a time limit of 15 minutes. Each shape presented comes in three by three matrices but one piece is missing which needs to be filled. Candidates have to think logically on how a series of patterns can emerge within sequences in order to complete the test’s goal. These patterns are not limited to changes in color, shape, position or frequency. Multiple choice answers are provided alongside a time limit of 75 seconds. As candidates advance through the abstract reasoning test, every question gets increasingly challenging therefore making this test adaptive in nature.”Numerical Reasoning:
The numerical reasoning test deals with a candidate’s skill in interpreting graphs, tables, and various other data forms. An understanding of statistics, percentages, fractions, ratios, and similar concepts is necessary for performing well on this test. The questions are centered on identifying trends within the data and numerous other details that necessitate a strong math foundation. Each round in the test starts with a figure—either a graph or table—and then comes three multiple-choice questions related to it. Each candidate has a minute and a half to solve one question and all candidates must complete the entire assessment within 16 minutes. Further note that the numerical reasoning test adapts during the course of assessment as well.Strengths Personality Assessment
Presumably, following the submission of the application, an email containing a link to the Strengths Assessment is sent to applicants. As the name implies, this assessment is designed to evaluate personality traits and strengths by analyzing responses to various situational statements. Candidates are asked to rate the likelihood of their reactions, selecting options that range from least likely to most likely. Typically, approximately twenty such statements are presented.
Work readiness, alignment with core competencies, and compatibility with company culture and expectations are assessed through the Standard Chartered Strengths Assessment. Each business maintains its own benchmarks for different roles, and these predefined standards are intended to be matched using the survey responses gathered through the questionnaire, which reflects key attributes in the candidate’s profile.
Upon completion of the assessment, a report detailing the results is provided to the applicant and also shared with Standard Chartered. If the score meets the required threshold, an invitation to complete two additional online tests is extended to the participant.
Video Interview
The video interview is considered the third step in the Standard Chartered interview sequence. An invitation is extended to applicants only if the evaluations from the online tests meet the required threshold. The majority of the questions are centered around competencies, with the intention of capturing past behaviors in order for future actions to be predicted.
A total of nine questions are included in the interview. For each question, 30 seconds are allocated for interpretation and preparation, followed by 90 seconds during which responses are to be delivered. Commonly asked questions at this stage include:
- Talk us through a major blunder you made and what it taught you.
- In what ways does Standard Chartered benefit from your strengths?
- What excites you about applying with Standard Chartered and this particular position?
- Why are you best suited for this role?
- In your opinion, how can customer satisfaction be attained?
- When collaborating on tasks, what position do you generally take up?
How to Prepare for the Standard Chartered Assessment
Practice Regularly
Use platforms like:
SHL Practice
Sharpen Your Numerical and Verbal Skills
Brush up on basic math, ratios, and percentages.
Practice reading comprehension and grammar.
Understand the Company’s Culture
Standard Chartered values integrity, innovation, and inclusion. Keep this in mind, especially in personality and SJT sections.
Time Yourself
Speed is as important as accuracy.
Practice under timed conditions to simulate the real test.