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
Subject-matter-expert in relation to the IRB model validation and IRB model regulations (such as PRA, EBA and HKMA requirements) across all asset classes (with focus on Corporate / Wholesale IRB models and credit risk stress test models)
Perform 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.
Coordination with internal stakeholders on model issues, achieving suitable resolutions.
Manage and complete the model validation from end to end, meeting the planned timelines and required standards.
Recommend improvements in the models.
Review regulatory requirements and industry practice regarding the models.
Assist Head of Model Validation in addressing concerns or questions relating to the models.
Submission of model validation reports to relevant Model Assessment Committee
Attend Credit Model Assessment Committee or Traded Risk Model Assessment Committee where the report is being presented for approval
Regulatory & Business Conduct
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.
Enterprise Risk Analytics
Group Retail Risk
CIB & Commercial Risk
Country Risk Teams
Group Internal Audit
Regulators - HKMA, PRA, FSS etc.
Model Risk Management
Group Operational Risk
Our Ideal Candidate
At least graduate level qualifications in statistics, banking, finance, econometrics, mathematics or related quant field.
Extensive experience (at least 7 years) in IRB model development or validation across all asset types with focus on wholesale and commercial portfolios
Strong programming skill (such as SAS, R or Python); hands on experience in different types / approaches of credit risk modelling
Solid understanding of credit portfolio management and the use of credit rating / scoring models
Good people skill and strong project management skill
Expert knowledge in the IRB regulations
Expertise in analytics, developing or validating statistical models within banking industry.
Good understanding and experience in credit risk modelling, and/or stress testing analysis.
Proficient in statistical and data analysis using data management and statistical software which includes SAS, R, Excel etc.
Strong communication and project management skills.
Strong focus on quality control and attention to detail.
Knowledge of banking data and IT infrastructure, including data management and data quality control
Effective presentation and business engagement skills at senior executive level.
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 . We welcome conversations on flexible working.