Job Summary

The Regulatory Engagement and Governance Senior Manager plays a leading role in relation to model governance activities in the Traded Risk Management (TRM) function. Specifically, this role focuses on the model planning, model lifecycle management and regulatory engagement for Market Risk models, and coordination of TRM-wide activities related to the Deterministic Quantitative Methods (DQM).

Key Responsibilities:
1.    Market Risk model planning and lifecycle management, model inventory ownership, and leading periodic reviews mandated by the Group Model Risk Standards (Annual Status Assessment, Annual Model Sponsor Attestation, Semi-Annual Model Owner Attestation).
2.    Planning and lifecycle management activities for the models and DQMs implemented as part of the Fundamental Review of the Trading Book (FRTB) regulatory roll-out.
3.    Lead coordinator for TRM-owned DQMs - knowledge of Group Standards and Model Risk Management System (MRMS) requirements, ownership of the MRMS DQM inventory, coordination of periodic review exercises mandated by the Model Risk Management department.
4.    Regulatory engagement lead for Market Risk models and DQMs (Internal Model Approach (IMA) and FRTB) – coordination of periodic meetings, and regulatory applications.
5.    Supporting TRM country stakeholders in relation to model inventory and regulatory/audit exercises involving Market Risk models and TRM DQMs.
6.    Supporting Market Risk Model Performance Monitoring and Model Issue monitoring activities.
7.    Participation in the working groups and user acceptance testing (UAT) for the new MRMS system.

Key Responsibilities

Strategy
Awareness and understanding of the Group’s business strategy and model appropriate to the role. 

Business
Awareness and understanding of the wider business, economic and market environment in which the Group operates

Processes
Responsible for coordination of the regulatory engagement and governance processes outlined in the Job Summary section. 

People & Talent
Lead through example and build the appropriate culture and values.

Risk Management
Identification, assessment, monitoring, control and mitigation of Model and Traded risks applicable to the Group.

Governance
Responsible for assessing the effectiveness of the Group’s arrangements to deliver effective governance, oversight and controls in the business and, if necessary, oversee changes in these areas; Awareness and understanding of the regulatory framework, in which the Group operates, and the regulatory requirements and expectations relevant to the role.

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.

Key stakeholders*
Prudential Regulation Authority, regulatory authorities of other jurisdictions; Model Risk Management, Traded Risk Management, Modelling and Analytics Group, Product Control, TRM Reporting, Group Internal Audit, Group Compliance, Group Regulatory Affairs, CIB Markets, CIB Technology

Skills and Experience

•    Strong background (10+ years) in Traded Risk, Financial Markets or Model Risk 
•    Masters degree in Finance or some quantitative subject (Science, Engineering)
•    Excellent analytical and project management skills
•    Strong written and verbal communication skills
•    Ability to work effectively under pressure and time constraint
•    Multi-cultural awareness and sensitivity  
•    Willing to learn and be able to overcome a steep learning curve in a relatively short period
•    Results oriented, with demonstrable experience in driving complex change management initiatives
•    Relevant relationship management experience - with corporate customers at the most senior levels and regulators.

Qualifications

Education
•    University Graduate/Postgraduate
Language
•    English

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.