Job Summary

• Deliver analytical insights into the wholesale ECL results to support the IFRS9 Impairment Committee’s (IIC) management of the Group’s ECL. 
• Perform Economic Scenario analyses using alternative economic scenarios and/or different model or parameter changes as directed by the IIC.
• Analysis of model generated economic scenarios and monitor its performance.
• Prepare and Present papers for internal governance committees on impact analysis of any changes/ enhancement made to data/ model/ output related to multiple economics scenarios.
• Perform ECL simulation as instructed by the IIC, Business and/or any other stakeholders.
• Liaison between model development and model users on model analytics activities

About the Markets team
Our Markets team provides clients with risk management, financing, and investment expertise through the provision of bespoke solutions across asset classes. They do this by building trusted relationships across industries and sectors.

About Corporate & Investment Banking (CIB)  
For more than 170 years we’ve support clients with their transaction banking, financial markets, corporate finance and borrowing needs and provide solutions to nearly 20,000 clients in the world’s fastest-growing economies and most active trade corridors.

Key Responsibilities

Strategy:
•    Conduct IFRS9 Model and ECL analytics and deep dives as required by country/regional/Group teams. Develop ECL strategies across CIB portfolios and regions.

Business:

•    Ensure appropriate support in all IFRS9 models and economic scenario modelling activities related to ECL to various regions and Group in their regulatory ask/submission.

Processes:
•    Develop methodology and determine management overlay for risk events.
•    Determine PMAs based on model performance, documenting for the purpose of management’s endorsement.
•    Assess IFRS9 model (PD, LGD, EAD) parameters as per business and regulatory requirement and support impact assessments.
Risk Management:
•    Understanding of basic concepts of credit risk policies & frameworks. Quick Learning of bank specific policies & guidelines around risk management. 
Governance:
•    Awareness and understanding of the Bank specific policies around governance for data & related information & strict adherence to the same 
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:
•    Global Head – CIB Model Development 
•    Global Head – CPM 
•    Auditors
•    Global Risk/Finance/Portfolio Management
•    Regional Credit Officers/CROs/CFOs 
Other Responsibilities:
•    Embed Here for good and Group’s brand and values in (SCMAC CIB Model Development), Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures

Skills and Experience

• Minimum 5 years of relevant experience gained either in model development, data analysis, statistics, or other such relevant fields with a proven ability to extract analytical insights using various data sources.
• Some relevant experience in time series analysis, numerical simulation techniques such as Monte Carlo simulation would be an advantage.
• Awareness and understanding of the Bank regulatory framework, IFRS9 in which the Bank operates.
• SAS, SQL
• Communication Skills
• Office tools (Excel/ PowerPoint)
• Econometrics
• Analytical Tools (Python, R) (good to have)
• Financial Services products, in particular Corporate Banking 

Qualifications

• Advanced degree (preferably Masters) in a Quantitative Discipline (e.g. Math, Statistics, Economics, Engineering) 
• 6-9 years(Overall) desired relevant work experience 

Competencies

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.

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