Job Summary

Support GMV senior manager in performing an independent validation of new and existing models that are used in risk management, capital calculation, stress testing etc. This includes but not limited to review of model development process including underlying assumptions & theoretical basis, quantitative assessment of model performance, documentation of validation finding and communicate to senior management in relevant forum RESPONSIBILITIES* Refer to myHR for guidance for each section below.

Processes

• Credit Risk Model Validation

Risk Management

• Support GMV senior manager in performing 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.
• 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)

Our Ideal Candidate

• Bachelor's Degree or equivalent.
• Min 3 -5 years of relevant experience
• Strong technical and quantitative skills with academic background in Finance, Accounting, Engineering, Mathematics, Statistics or Econometrics
• FRM and/or CFA qualifications are desirable
• SAS / Python / R 
• Solid experience in financial, economic and/or credit modelling with experience in corporate and institutional PD, LGD and EAD model validation or development; knowledge and experience in economic capital and loan impairments modelling are a plus
• Good communication skills
• Strong problem-solving skill with keen attention to details

Role Specific Technical Competencies

• SAS
• Python
• Model Risk Management
• Model Development

About Standard Chartered

We're an international bank, nimble enough to act, big enough for impact. For more than 170 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
• Are better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term

What we offer

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 leave, parental/maternity (20 weeks), sabbatical (12 months maximum) and volunteering leave (3 days), along 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.