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Oversight to model development, validation, implementation and monitoring activities for Market Risk, CCR and stress test models
Monitor adherence to model process, standards and model risk policy
Review and challenge model performance monitoring and back testing results
Review and challenge post model adjustments
Update oversight risk register regularly with model performance and issues with adequate details
Prepare model oversight report for senior management and governance committees in a clear and concise manner
Prepare regulatory attestations for model applications and annual regulatory requirements
Ensure interim and strategic remediation actions are finalised
Track the progress of remedial actions and highlight delays or changes to senior management / committees proactively
Prepare ad-hoc analysis as and when required for emerging model risk identified through oversight process
Review and sign off all committee papers submission which addresses model performance and remediation status.
Manage the model inventory, model documentation and associated meta-data (roles, permissions, taxonomies) Market Risk, CCR and stress test models
Manage and coordinate regulatory capital analysis, consultations, responses impacting risk models, policies and processes for the ERM function.
People and Talent
Employ, engage and retain high quality people
Define an organisation structure aligned and scaled to the risk control needs of the Group
Set and monitor job descriptions and objectives for direct reports and provide feedback and rewards in line with their performance against those responsibilities and objectives
Uphold and reinforce the independence of the Model Risk & Stress Testing Oversight team from those whose primary responsibility is to maximise short-term revenues and profits
Ensure the provision of ongoing training and development of the Model Risk & Stress Testing Oversight staff, and ensure that holders of all critical functions are suitably skilled and qualified for their roles
Lead through example and build the appropriate culture and values within the Model Risk & Stress Testing Oversight team and across the wider organisation
Home and host regulators
Group Risk committee
Model Risk committee
Enterprise Risk Analytics
Stress Testing committee
Group Internal Audit
Finance, Group Treasury, Credit, MTCR and Business Users
Embed Here for Good and Group's brand and values in Enterprise Risk Management function
Skills & Qualifications:
Market Knowledge: Strong understanding of the Banking industry, particularly Emerging Markets and the economy, Basel regulatory requirements and broad risk management themes that impact the Bank. Understanding of derivatives especially its application in risk management will be an added advantage.
Business Strategy and Model: Awareness and understanding of the firm's business strategy, risk models and their applications in relation to the strategic direction of the Bank. Clear understanding of ongoing model performance monitoring aspects and early warning of emerging model risk is a pre-requisite. While hands-on model development experience is not essential, it would be an advantage for providing insight and leading complex changes end-to-end.
Risk Management and Control: Strong problem solving and analytical skills with previous experience in portfolio analysis and familiarity with banking and capital markets products for identifying, assessing, monitoring, controlling and mitigating risks to the firm.
Governance, Oversight and Controls: Experience in designing and implementing risk policies and procedures. Ability to provide a balance between independence and supportive business engagement. Experience in providing assurance or oversight for market risk and stress test related area will be preferred.
Regulatory Framework and Requirements: Awareness and through understanding of the regulatory framework in which the firm operates including operational risk concepts.
Non-technical skills: Highly responsive with excellent communication and presentation skills, and the ability to explain complex matters in simple and intuitive terms to non-technical audiences both internally and externally
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