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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
Development of new risk assessment approaches: Gather user requirements and understanding of risk from risk owners to determine data sourcing strategy and appropriate quantitative techniques. Provide insight through data analysis to translate user requirements to defensible and sustainable approaches.
Change Process : Execute regular model monitoring and advise on model changes / recalibrations, assisting with business impact assessments and advising on implementation activities / UAT outcomes.
Knowledge Sharing - Impart risk management best practices across the team. Assist with enhancement of technical quantitative analytics skills across the team.
Life-cycle of models/rules - Provide model management to ensure CRA models comply with Group Model Risk Policy requirements. Maintain and enhance model family standards, manage group model risk policy team requests,
Deployment: Work with Systems and Implementation team to ensure data used for model/rule development and proposed logic can be integrated into deployment systems.
Data Sourcing / Quality : Map model development needs to determine required bank data. Appropriately source data. Set up and maintenance of Service Level Agreements with data providers and maintenance of list of data sources / contact points and procedures for CFCC team usage. Set up and maintain data quality process and liaise with providers and CDO where relevant. Ensure data use complies with DQMF and data architecture principles including golden sources.
Governance: Design and execution of controls related to end to end model management process universe. Ensure the team's usage of data is appropriate for risk measurement needs and is regulatory defensible. Usage and storage of data is in line with the bank's policies. Provide support to independent review teams (GMV, GIA, external regulators).
Documentation - Ensure documentation of CRA model and other risk-based rules accurately reflects statistical techniques, qualitative approaches, data sourcing, processing and usage, highlighting any assumptions made and sensitivities.
Demonstrate awareness and understanding of the firm's business strategy and model appropriate to the role
Supports Head, Model Development by providing transparency on progress, key risks, issues, dependencies, assumptions and constraints, seeks their support to remove roadblocks
Support Head, Model Development with Project Plan for new approaches.
Manages and motivates direct reports, to deliver according to plan and schedule. Holds people to account, recognises good behaviour and performance, proactively addresses poor performance
Set appropriate tone and expectations from their team and work in collaboration with risk and control partners.
Ensuring direct reports have effective training and supervision in place to mitigate any risks.
Set and monitor objectives for direct reports and provide feedback and rewards in line with their performance against those responsibilities and objectives.
Responsible for identifying, assessing, monitoring, controlling and mitigating risks that arise through model development, deployment, management and data provision / quality activities.
Conduct quantitative assessment to determine impact of issues for risk acceptance decisions.
Ensure appropriate escalation of issues to relevant parties, setting and tracking clear remediation plans.
Ensure a full understanding of the risk and control environment in area of responsibility
Provides structure to the project and enforces rigorous project governance
Employ a strict change management process, to limit and control scope creep
Partner with data providers to ensure appropriate SLAs are in place.
Awareness and understanding of the regulatory framework in which the firm operates, and the regulatory requirements and expectations relevant to the role.
Embed Here for good and Group's brand and values in One CDD CRA Work Stream
Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.
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. 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.
Our Ideal Candidate
Experience in quantitative risk management in financial services (credit, market, financial, compliance).
Experienced model risk professional, having covered development/validation/maintenance of models or quantitative analysis.
Good understanding of banking fundamentals and flows of data within the bank
Good understanding of banking operations and products offered in different client segments.
Data management and quant analytics experience in the context of developing, managing or validating (conceptual, logical, statistical).
Experienced in handling large datasets, being a competent user of data management / programming software (e.g. SAS, SQL, SPSS, R, Python)
Experience in interpreting regulatory/policy requirements to ensure models comply with relevant standards.
Experienced leading a team of analysts and assisting with their professional development.
Good stakeholder management experience, ability to explain approaches and outputs to users as well as exposure to internal/external and op risk reviews.
Experience in working with risk owners, ability to influence and negotiate with senior managers.
Attention to detail and curiosity
International working experience and exposure is an added advantage
Apply now to join the Bank for those with big career ambitions.
To view information on our benefits including our flexible working please visit our career pages .