Job ref no.: 2000015490 (CT3128478-01#0314)
Standard Chartered Bank

Manager, Independent Credit Model Validation

Standard Chartered Bank

The Role Responsibilities

Business

  • Demonstrate working understanding of Wholesale Credit banking business (Corporate, Institutional, Sovereign, Commercial Banking).

Processes

  • Perform an independent validation of new and existing models that are used in risk management, capital requirement calculation, stress testing, etc., covering qualitative aspects (such as validation of underlying assumptions and theoretical basis of the modelling) and quantitative aspects (such as evaluation of data quality and application of relevant statistical tests).
  • Manage the execution of the model validation from end-to-end, while meeting planned timelines and required internal and external standards.
  • Document validation findings and communicate results to senior management through presentation to relevant committees.
  • Recommend improvements in the models validated.
  • Coordinate with internal stakeholders the work towards timely resolution of model issues raised through model validation work, ensuring that reasonable, business-relevant resolution of issues is achieved.
  • Review regulatory requirements and industry practice regarding models under his/her remit, keeping up-to-date with latest internal and industry developments.
  • Assist both the Head of Model Risk Management and the Head of Model Validation in addressing concerns or questions related to the models validated.

Risk Management

  • Identify trends in model issues and/or model performance, for disclosure at appropriate committees.

Governance

  • Ensure timely submission of model validation reports to relevant Model Assessment Committee and Model Assessment Forum, while ensuring that model meets applicable model governance requirements.
  • Defend the conclusions of the model validation through attendance and presentation in relevant Model Assessment Committee and Model Assessment Forum

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.
  • Ensure that all applicable model validation requirements from HKMA are met for models to be used in SCBHK and its subsidiaries.

Key Stakeholders

  • Enterprise Risk Analytics
  • Group Retail Risk
  • CIB & Commercial Risk
  • Group Internal Audit
  • External Audit
  • Regulators – HKMA, PRA, etc as applicable
  • Model Risk Management
  • Group Operational Risk

Our Ideal Candidate

  • At least master’s level qualification in statistics, finance, applied math, econometrics or related field; relevant extended work experience can be considered as well.
  • At least 5 years’ experience in internal ratings-based credit risk model development and/or validation across a majority of asset types in the wholesale and commercial banking portfolios.
  • Awareness of practical issues in credit portfolio management and the implementation and use of credit rating/credit scoring models.
  • Successful experience in engaging stakeholders and presenting conclusions in a manner that is relevant to the audience.
  • Self-motivation and high level to drive.
  • Focused and organized and ability to effectively handle multiple demands.
  • Expertise in analytics – development and/or validation of statistical models within the banking industry.
  • Understanding and hands-on experience with credit risk modelling and/or stress testing modelling and analysis
  • Statistical and data analysis using data management and statistical software (eg SAS, R, Python, Matlab, Excel, etc)
  • Communication skill and ability to explain complex issues in a manner that business stakeholders can understand
  • Project management skills and focus on quality and attention to detail.
  • Knowledge of banking data and IT infrastructure, including data management, data quality control and data warehousing
  • Presentation and business engagement skills towards a senior executive audience
  • Knowledge of interpretation of laws and regulation and, specifically, interpretation of HKMA regulatory requirements 

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.

 

More job information
Job ref no. 2000015490 (CT3128478-01#0314)
Salary
Job Function
Industry
Employment Term
  • Permanent
  • Full-time
Experience
  • 5 years - 10 years
Career Level
  • Middle management level
Education
  • Master's degree