Standard Chartered Bank is currently seeking a Technical Lead to join the Group Model Validation department. The Group Model Validation department handles the assessment of models servicing a wide range of activities across the Bank, including credit risk, market risk, economic capital, stress testing and other financial & statistical models.
This role is for the position of Technical Lead within the Retail & Financial Crime Model Validation team. The successful candidate will be contribute to the department's assessment of statistical models and quantitative rules that enable the bank to manage credit risk and financial crime risk, as well as and other models used in the retail banking business. The role is Singapore based with Global / SCB group wide responsibilities.
Key Roles and Responsibilities
You will work on a variety of models covering many all 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, contributing to the development and maintenance of a robust model risk measurement and reporting system. Key aspects of the role include:
Independent evaluation of new and existing risk models including IRB/IFRS9/Scorecards/FCC models.
Assessment of changes to existing models and related risk data and infrastructure.
Assist with the delivery of the validation plan, ensuring timely identification of issues and projects are completed to the required standard.
Qualitative review of model development process including underlying assumptions & theoretical basis.
Quantitative assessment of model performance via data evaluation and statistical testing.
Coordination with internal stakeholders on model issues, achieving suitable resolutions.
Documentation of findings and communication of results / justifications to senior management
Interpretation of model regulations, globally.
Qualifications and Skills
Graduate level qualifications in statistics, banking, finance, econometrics, mathematics or related quant field.
Experience in risk analytics, developing or validating statistical models across banking products and customer groups for credit risk or financial crime compliance
Proficient in statistical and data analysis of large datasets using data management software including SAS and Excel.
Experience of interpreting regulatory requirements in the context of model compliance.
Knowledge of banking data and IT infrastructure, including data management and data quality control
Strong focus on quality control and attention to detail.
Curious, with ability & experience of speaking up and challenging perceived wisdom.
Excellent understanding of a retail business and products (mortgages, credit cards, personal loans) or financial crime compliance operations.
Post graduate qualifications in statistics, banking, finance, econometrics, mathematics or related quant field (MSc, PhD).
Understanding of the regulatory environment related to financial crime and credit risk modelling and experience in dealing with regulators on 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.
How To Apply
You can search and view current opportunities across our organisation and apply immediately by visiting www.standardchartered.com and selecting Careers. To help speed up your application, please note the following:
- You will need to log in (or register if you are visiting our careers site for the first time) before you can apply for a specific role
- Some roles may require you to undertake an online talent assessment in addition to completing the application form (to facilitate this process it is preferable that you provide us with an email address as part of your contact information) - We will ask you about your education, career history and skills and experience, it may be helpful to have this information at hand when completing your application
It usually takes 15 - 20 minutes to complete the application form; you can save your application at any time and return to complete it at your convenience.
The closing date for applications is 24/07/2017. Please note all closing dates are given in Hong Kong time (GMT + 8 hours). We aim to respond to successful applicants within four weeks and will keep a record or your application in our database so that we can contact you when suitable vacancies arise in future.
Diversity and Inclusion
Standard Chartered is committed to diversity and inclusion. We believe that a work environment which embraces diversity will enable us to get the best out of the broadest spectrum of people to sustain strong business performance and competitive advantage. By building an inclusive culture, each employee can develop a sense of belonging, and have the opportunity to maximise their personal potential.