The Role ResponsibilitiesSupport GMV senior manager in performing an independent validation of new and existing models that are used in risk management, capital calculation, stress testing etc.Qualitative review of model development process including underlying assumptions & theoretical basis.Quantitative assessment of model performance via data evaluation and statistical testing.Documentation of validation findings and communication of results to senior management and presentation to relevant committees.Review regulatory requirements and industry practice regarding the models.Assist Head of Model Validation in addressing concerns or questions relating to the modelsResponsibilitiesValidate the development document, development codes, generate performance metrics and write TVR as per the requirementUpdate the governance trackerWork with management for approval at appropriate committeeDocumentation of findingsBusinessAll the retail asset classProcessesModel validation processRisk ManagementReview regulatory requirements and industry practice regarding the models.Assist Head of Model Validation in addressing concerns or questions relating to the models.GovernanceSubmission of model validation reports to relevant Model Assessment CommitteeAttend Credit Model Assessment (where requested)Regulatory & Business ConductDisplay exemplary conduct and live by the .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 stakeholdersPartners (Bank's partnerships for acquisition)Group Retail RiskCountry Risk TeamsGroup Internal AuditExternal AuditRegulators - HKMA, PRA, FSS, BNM, MAS etc.Model Risk Policy and GovernanceGroup Operational RiskOur Ideal CandidateStrong technical and quantitative skills with academic background in Finance, Accounting, Engineering, Mathematics, Statistics or EconometricsMasters degree or higher qualification in a quantitative discipline, FRM and/or CFA qualifications are desirableIntermediate to advance level of SAS, including R and/or Python programming skillsSolid experience in financial, economic and/or credit modelling with experience in corporate and institutional PD, LGD and EAD model validation or development knowledge and experience in economic capital and loan impairments modelling are a plusGood communication skillsStrong problem-solving skill with keen attention to detailsMulti-cultural awareness and sensitivityRole Specific Technical CompetenciesPythonModel Risk Management Model Development 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 doNever settle, continuously striving to improve and innovate, keeping things simple and learning from doing well, and not so wellBe better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long termIn 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 locationsTime-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 minimumFlexible working options based around home and office locations, with flexible working patternsProactive 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 toolkitsA continuous learning culture to support your growth, with opportunities to reskill and upskill and access to physical, virtual and digital learningBeing 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.
