Job Summary

Manage the development of credit risk IRB, IFRS9 and Pillar 2 Stress Testing models for the Corporate and Investment Banking (CIB) portfolios. The role holder will be responsible for managing our interactions with the regional regulators, including the MAS, HKMA, FSS, BoT and BNM, specifically in regards to the CIB IRB models.

Key Responsibilities

Strategy
•    Ensure the credit risk IRB, IFRS9 and Pillar 2 Stress Testing models developed for the measurement of PD, EAD and LGD for the CIB portfolios remain relevant and appropriate for the regulatory capital and IFRS9 calculations. Continuously improve the models’ accuracy while maintaining a strong engagement with the relevant internal and regional regulatory bodies (MAS, HKMA, FSS, BoT and BNM) responsible for their approval. Explore the optimal modelling approach within the constraints of the data and systems while meeting the regulatory and business requirements. Maintain and continue to upgrade the models based on model users and regulatory feedback and on-going model performance monitoring. Participate in industry studies and regulatory consultation where relevant. 

Business
•    Develop a strong working relationship with key ASA and GCNA footprint countries as well as credit risk and business stakeholders. Ensure the model outputs are fit for purposes not only for the regulatory capital and ECL estimates but also for daily business use, underwriting decisions, risk appetite decisions and strategy design. 

Processes
•    Assess the downstream impact of the models to understand their network risk. Participate in the model implementation and its user acceptance testing to ensure that the models are appropriately implemented; not only within the direct system but also its relevant downstream environments. Help the credit policy team to provide model use guidance to users and address users’ feedback.

People & Talent
•    Lead through example and build the appropriate culture and values. Set the appropriate tone and expectations for team members and work in collaboration with all relevant partners. Retain key talent and develop staff in both hard and soft skills. 

Risk Management
•    Understand the model related uncertainty risk including data, regulatory, business strategy, market, competitive landscape, system, environment to ensure model sponsors, owners and model approval committees make the right decisions based on the understanding of the associated risks. 

Governance
•    Keep abreast and address home and host regulatory changes relating to models. Liaise with regulators for the initial and ongoing approval of models for use in the capital requirement calculations. Ensure the modelling process and the models meet the Model Risk Policy and Model Family Standards so that they can be approved by the model assessment committees. Provide timely and high-quality responses to regulatory queries and requests.

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.
•    Lead the CIB Model Development team to achieve the outcomes set out in the Bank’s Conduct Principles: Fair Outcomes for Clients; Effective Financial Markets. 
•    Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
•    Be compliant with the local IRB regulatory requirements: HKMA, FSS, MAS, BOT and BNM.

Key stakeholders
•    Group Model Validation, Host regulators (HKMA, FSS, MAS, BOT and BNM), Model Sponsors and Owners, CIB Business, Model Risk Management, CIB Credit Policy, Finance & Group Treasury

Other Responsibilities
•    Embed Here for good and Group’s brand and values in the CIB Model Development; Perform other responsibilities assigned under the Group, Country, Business or Functional policies and procedures.

Our Ideal candidate

• 15+ years of credit risk model development experience
• Expert knowledge of the PRA’s IRB model requirements
• Expert knowledge of the IFRS9 model development requirements
• Ability to clearly communicate technical concepts, both verbal and written
• Ability to work constructively with a range of internal and external stakeholders
• Excellent written and communication skills

Role Specific Technical Competencies

•    CIB PD, LGD & EAD model development
•    IRB and IFRS9 requirements.

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