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About Standard Chartered We are a leading international bank focused on helping people and companies prosper across Asia, Africa and the Middle East.
To us, good performance is about much more than turning a profit. It's about showing how you embody our valued behaviours - do the right thing, better together and never settle - as well as our brand promise, Here for good.
We're committed to promoting equality in the workplace and creating an inclusive and flexible culture - one where everyone can realise their full potential and make a positive contribution to our organisation. This in turn helps us to provide better support to our broad client base.
The Role Responsibilities
To lead the Internal Rating Based ("IRB") Model Governance function by ensuring the models meet the requirements of Basel II regulatory compliance established by the Monetary Authority of Singapore ("MAS") / other relevant authority, follow the appropriate approval process (relevant Model Assessment Committees and Risk Committee).
To coordinate with Group Model Validation for the annual validation of all existing IRB model.
To assess potential impact (e.g. RWA, LGD etc...) of the IRB models arising from system enhancements, products launch, policy rollouts, etc., User Acceptance Test ("UAT") for the related system enhancements.
To assess the potential impact of upcoming regulations and advice the business impacts; be involved in the QIS (quantitative impact surveys) with regulators.
Ensure that all documents are maintained in the Model Inventory Tool ("MIT") for Audit Purposes.
Addressing and tracking the closure of Audit points relating to the design and operation of rating process and procedure, the parameterisation process, the use of ratings systems and estimates of IRBA parameters
Secretariat to the Local Model Assessment Committee ("L-MAC")
Maintain and review the L-MAC Terms of Reference ("ToR") and the Process and Procedure of the L-MAC.
Ensuring that the L-MAC is scheduled at least every quarterly.
Ensuring that all documents are distributed on time to the L-MAC representatives.
Maintaining the changes to the Wholesale and Retail Policies and Procedures for tabling to L-MAC Committee.
Ensuring the relevant model documents are submitted to the MAS on time.
Maintaining the IRB Governance Framework and ensure adherence to the Standards set out by the Board Risk Committee.
Prepare material for submission to the Board Risk Committee ("BRC") at least on a quarterly basis.
Our Ideal Candidate
Strong understanding of the IRB models / scorecards across Wholesale and Retail Portfolios.
Good understanding of the Credit Risk and Credit data.
Comfortable to communicate with senior management and other key stakeholders across different risk teams in the bank.
Very good command of the English Language (both written and spoken).
Should know SAS / SQL aside of having excellent Excel, Work and PPT skills.
Preferably a Master Degree Holder in a quantitative / numerate field.
This is key contributor role which will require very good planning and coordination to deliver timely and high quality.
Key Interaction points
Models development, Model validation, Finance, Capital systems teams etc...
Apply now to join the Bank for those with big career ambitions.