Job Description

Role Responsibilities

• Perform an independent validation of new and existing models that are used in Financial crime risk management, anti-money laundering, transaction monitoring, screening, fraud risk management 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.

Responsibilities

• Validate as per the guideline
• Escalate the issues
• Conduct approval meeting
• Maintain the governance tracker

Processes

• Model validation process

Risk Management

• Review regulatory requirements and industry practice regarding the models.
• Assist Head of Model Validation in addressing concerns or questions relating to the models.

Governance

• Submission of model validation reports to relevant Model Assessment Committee
• Attend Credit Model Assessment (where requested)

Regulatory & Business Conduct*

• Display exemplary conduct and live by the Group\xe2\x80\x99s 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.
• Lead the [country / business unit / function/[team] to achieve the outcomes set out in the Bank\xe2\x80\x99s Conduct Principles: [Fair Outcomes for Clients; Effective Financial Markets; Financial Crime Compliance; The Right Environment.]
• Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.

Key stakeholders*

• FCC Surveillance solutions and infrastructure
• Surveillance parameter and optimisation team
• FCC Risk Assessment \xe2\x80\x93 Model development
• FCC Controls
• Financial Crime risk / AML Oversight
• Enterprise Risk Analytics
• Country Compliance
• Group Internal Audit
• External Audit
• Model Risk Policy and Governance

Qualifications*

Training, licenses, memberships and certifications

• Academic background in Finance, Accounting, Engineering, Mathematics, Statistics or Econometrics
• Qualification in a quantitative discipline, FRM and/or CFA qualifications are desirable
• Intermediate to advance level of Python programming skills
• Experience in financial, economic and/or credit modelling
• Good communication skills
• Strong problem-solving skill with keen attention to details
• Multi-cultural awareness and sensitivity

Our Ideal Candidate

• Expertise in analytics, developing or validating statistical models within banking industry. Experience in digital/online lending models/applications preferred.
• Good understanding and experience in credit risk modelling, and/or stress testing analysis. Expertise in machine learning techniques and algorithms (SVM, k-NN, Tree, Boosting(i.e. XgBoost, Ada, Light etc.), Bagging(i.e. Random Forest), Ensemble/Stacked models etc.)
• Proficient in statistical and data analysis using data management and statistical software which includes SAS, R, Python, 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.

About Standard Chartered

We\'re an international bank, nimble enough to act, big enough for impact. For more than 160 years, we\'ve worked to make a positive difference for our clients, communities, and each other. We question the status quo, love a challenge and enjoy finding new opportunities to grow and do better than before. If you\'re looking for a career with purpose and you want to work for a bank making a difference, we want to hear from you. You can count on us to celebrate your unique talents. And we can\'t wait to see the talents you can bring us.

Our purpose, to drive commerce and prosperity through our unique diversity, together with our brand promise, to be here for good are achieved by how we each live our valued behaviours. When you work with us, you\'ll see how we value difference and advocate inclusion. Together we:

Do the right thing and are assertive, challenge one another, and live with integrity, while putting the client at the heart of what we do

Never settle, continuously striving to improve and innovate, keeping things simple and learning from doing well, and not so well

Be better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term

In line with our Fair Pay Charter, we offer a competitive salary and benefits to support your mental, physical, financial and social wellbeing.

Core bank funding for retirement savings, medical and life insurance, with flexible and voluntary benefits available in some locations

Time-off including annual, parental/maternity (20 weeks), sabbatical (12 weeks maximum) and volunteering leave (3 days), along with with minimum global standards for annual and public holiday, which is combined to 30 days minimum

Flexible working options based around home and office locations, with flexible working patterns

Proactive wellbeing support through Unmind, a market-leading digital wellbeing platform, development courses for resilience and other human skills, global Employee Assistance Programme, sick leave, mental health first-aiders and all sorts of self-help toolkits

A continuous learning culture to support your growth, with opportunities to reskill and upskill and access to physical, virtual and digital learning

Being part of an inclusive and values driven organisation, one that embraces and celebrates our unique diversity, across our teams, business functions and geographies - everyone feels respected and can realise their full potential.

Recruitment assessments - some of our roles use assessments to help us understand how suitable you are for the role you\'ve applied to. If you are invited to take an assessment, this is great news. It means your application has progressed to an important stage of our recruitment process.

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