Job Description

Role Responsibilities * The role holder is part of the ERM COE in Bangalore India, focussing on providing integrated support for the Group Model Risk Policy and Governance (&ldquoMRPG&rdquo) function. * Support the ERM Model Risk Management t Role Responsibilities The role holder is part of the ERM COE in Bangalore India, focussing on providing integrated support for the Group Model Risk Policy and Governance (&ldquoMRPG") function. Support the ERM Model Risk Management team to ensure that Group Model Risk Policy (GMRP) and Group Model Risk Standards (GMRP) are adhered to. Provide support for the effective administration of the Group Model Inventory tool (GAME - Global Model Analytics Explorer) and Control Framework Documents (RTFs, policies, standards). Provide support to continuously improve the operational efficiency and effectiveness of the Model Risk Management processes Maintain Frameworks, Policies, and standards Support the periodic review and maintenance of Model Risk RTF, Group Model Risk Policy (GMRP), Group Model Risk Standard (GMRS) and Model Family Standards (MFS). This includes initiating periodic reviews, managing stakeholder consultations, thematic reviews and supporting the final incorporation of changes to the documents. Provide ongoing support for the implementation of RCSA controls (operational risk controls, control tests, key control indicators for policy compliance) and residual risk assessments across all model families. Support the effectiveness reviews performed for the RTF, policy, and standards. Manage the periodic policy compliance assessments for the assigned model families to ensure adherence to the GMRP. Oversight Reporting Prepare monthly and quarterly model risk information reports (RIRs), oversight reports and any other ad-hoc reports as required. This includes engagement with stakeholders for inputs and review/ challenge of progress updates provided by stakeholders against timelines Act as the primary point of contact for various model families within MRPG. Provide inputs and manage queries specific to this model family as part of the various oversight and reporting activities Identify, review and track model risk issues and ensure that these are reported to senior management with remediation plans in place and are tracked to completion. Identify, review and track various inventory data issues and ensure these are reported to relevant stakeholders with periodic follow-ups to bring them to closure. MRM Strategic Enhancement Programme (MRMSEP) and Other Streamlining Initiatives Support various enhancement initiatives planned under the MRMSEP such as e-learning development and management, model issue management forums, BCBS 239, Model Inventory (GAME) enhancements, etc. Support the training efforts as part of the RTF country rollout and manage the end-to-end development and maintenance of foundation and advanced e-learning modules on model risk management and key regulatory model types Manage the model issue management working group by providing accurate model issue statistics and coordinating with various development and validation stakeholders to perform rationalisation. Support the efforts to implement an operating framework for effective model issue management Support the BCB239 implementation for Model Risk by contributing to the various risk data governance requirements such as identification of critical date elements (CDEs) and critical risk measures (CRMs), defining crisis events / drills, etc. Support the GAME (Model Inventory Platform) & Dashboard enhancements by drafting detailed BRDs for MRPG requirements. Collaborate with GAME development team and reporting teams to design and implement robust solutions to meet the requirements set out in the MRPG BRD and provide end-to-end support for implementation of a model inventory and workflow that is aligned to the industry standards. Support the efforts to improve and streamline existing processes and contribute to building standard templates, procedures, and practices to provide an efficient oversight to the model life cycle. Governance Support the review of performance monitoring results for model families and provide review and challenge from a policy and standards compliance perspective. Ensure that outcomes delivered, including necessary controls are fit for purpose and meet regulatory requirements and ensure the Bank&rsquos risk governance disciplines are adhered with. Support through awareness and understanding of the regulatory framework (specifically FED SR 11/7 or PRA SS 3/18) in which the Group operates, and the regulatory requirements and expectations relevant to the role. Oversee changes in the Group&rsquos arrangements to deliver effective governance, oversight, and controls in accordance with model risk governance and risk reporting responsibilities Regulatory Analysis and Updates Coordinate and provide periodic updates to senior management on upcoming regulatory changes and its impact on the functioning of MRM frameworks. Support the coordination of regulatory capital analysis, consultations, responses impacting risk models, policies, and processes for the ERM function. Key Stakeholders Model Risk Management Team Members of ERM Management Team Policy Owners, Model Sponsors and Global process Owners Country CRO, RFO, Governance teams Enterprise Risk Analytics Team Independent Review Function Financial Markets COO team Model Analytics Group (MAG), FM Internal Audit - Functions Group OR, and other business COOs The role holder should bring the following experience and capabilities: Market Knowledge: 8-12 years of total experience with minimum 4-5 years of experience in Model Risk Management Good communicator, in particular written communications in English Ability to explain complex matters in simple and intuitive terms Ability to track and report progress updates of multiple areas against milestones and highlight key issues Collaborative working as part of a broader team to ensure a coordinated and consistent approach Good organiser of incoming requests within the team Ability to work with minimal direction Demonstrate understanding of and commitment to the Group\'s core values. Ownership mindset, able to think creatively and be open to new ideas Able to work with tight deadlines and multiple demands Attention to detail Proactive, problem-solving, helpful Strong experience in MS Outlook, Word, Excel, Power Point, and preferably Atlassian JIRA Our Ideal Candidate Qualifications Bachelor&rsquos degree qualifications and 8- 12 years of experience in Banking%5CFinancial Services having good exposure to Model Risk Policy and Governance The role holder should comply with all mandatory e-learning as prescribed from time to time. Role Specific Competencies Results orientated, with attention to detail Excellent inter-personal skills comfortable in building relationships, with outstanding written and oral communication skills with high competency in MS Word, Excel and PowerPoint Confident self-motivated person with a high level of drive and ability to operate in a fast-paced environment Good problem identification skills coupled with an analytical and pragmatic approach to proposing solutions 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. Visit our careers website www.sc.com/careers

Monster