Our client, Standard Chartered, is a global bank which is big enough to be relevant to the world's most sophisticated corporations but small enough to be local, nimble and innovate. They tap into their DNA as a global trade bank, committing to the dynamic markets where they have operated for over 150 years. They link these markets with each other, as well as to Europe and the Americas, to help their corporate and institutional clients manage their global investing and financing needs. In addition, Standard Chartered use their deep knowledge in local markets to help their customers and clients grow, invest and protect their wealth. Standard Chartered Bank can offer [role, e.g. Development Managers] outstanding opportunities.
Why work at Standard Chartered?
Standard Chartered believe that every one of their colleagues plays a tangible role in delivering their purpose – "Driving commerce and prosperity through our unique diversity." They all feel strongly about living their valued behaviours – Never settle, Doing the right thing, and Better together and their culture makes this organisation special. Standard Chartered Bank have always sought continuously to improve, to challenge themselves and to drive change within the industry, the world we live in, and with themselves to live up to their brand promise - to be Here for good.
The success of the Bank and the achievement of their business strategy hinges on the way they invest in, manage and organise their people, the employee experience they create and the culture they build. Standard Chartered are building a future ready workforce enabled by digital skills, organisational adaptability and leadership at every level. They are committed to creating an inclusive and flexible environment where their diverse talent feels able and inspired to make a meaningful contribution to the prosperity of our clients.
This role is for the position of Senior Analyst within the Financial Crime Compliance Model Validation team. The successful candidate will contribute to the department's assessment of statistical models and quantitative rules that enable the bank to manage financial crime risk. The role is Singapore based with Global / SCB group wide responsibilities.
Key Roles & Responsibilities
You will work on a variety of statistical models and decision-making systems covering many aspects of the model life cycle. These include data management, methodology, programming, quantitative assessment, governance and compliance to standards. The successful candidate will exhibit a pro-active business engagement strategy with responsibilities for the development and maintenance of a robust model risk measurement and reporting system. Key aspects of the role include:
Independent evaluation of financial crime risk scoring models and rule-based approaches.
Review of transaction monitoring, name screening and other risk assessment systems.
Assessment of changes to existing models and related risk data and infrastructure.
Assist with the evaluation of model monitoring and governance frameworks models.
Ensure timely identification of issues and that projects are completed to the required standard.
Qualitative review of Financial Crime Compliance (FCC) model development process including underlying assumptions & theoretical basis.
Quantitative assessment of FCC model performance via data evaluation and statistical testing.
Coordination with FCC model development team and other stakeholders on model issues, achieving suitable resolutions.
Documentation of findings, communication of results to senior management.
Qualifications & Skills
At least graduate level qualifications in statistics, finance, econometrics or related quant field.
Expertise in analytics, developing, maintaining or validating statistical models of Client FCC Risk or AML surveillance systems within banking industry.
Proficient in statistical and data analysis of large datasets using data management software including SAS and Excel.
Knowledge of banking data and IT infrastructure, including data management and data quality control
Knowledge of financial crime compliance regulatory environment
Strong focus on quality control and attention to detail.
Curious, with ability & experience of speaking up and challenging perceived wisdom.
Post graduate qualifications in statistics, banking, finance, econometrics, mathematics or related quant field (MSc, PhD).
Understanding of the regulatory environment related to financial crime compliance and experience in dealing with complex technical issues will be highly regarded.
Exposure to developing and automating risk MIS / model performance monitoring.
Advanced VBA or other programming skills.
Effective presentation and business engagement skills at senior executive level.
Ability to understand and interpret regulatory requirements and explain such interpretation to stakeholders and senior management.
What you can expect from Standard Chartered.
At Standard Chartered their unrivalled network and unique markets not only delivers value for their clients, makes the biggest difference in their communities, but also created opportunities for unparalleled career and development experiences. Your hard work and talent are valued very highly, which is why you can expect a carefully chosen package of rewards with a total offering including a flexible working policy to support your work-life balance. After all, your wellbeing is just as important as salary and benefits. Standard Chartered also offers career and development opportunities, plus the chance to build your skills, they believe in investing in your development, so you can go as far as you want. High quality managers are an important part of that and their leaders ensure you're supported, inspired and recognised.
If you think that Standard Chartered could be the right home for your skills, you can apply here.
Internal Number: 5982415
About Standard Chartered Bank Singapore
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